DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

December 08, 2006 13:59 ET

DoveCorp Announces New Commercial Contracts

TORONTO, ONTARIO--(CCNMatthews - Dec. 8, 2006) - DoveCorp Enterprises Inc. (TSX VENTURE:DOV), a leader in Canada's dry cleaning and laundry industry, today announced that it has signed a number of new Commercial contracts, including the Toronto Opera House and the prestigious Pangea Restaurant in Toronto's Yorkville area, the Grange Hotel in the downtown area as well as The Globe Bistro in the city's East end. These new commercial contracts will raise annual revenues for Dove in the low six figures.

As well, increased marketing efforts aimed at strengthening the healthcare component of the Company's growing list of clients has recently seen the Southdown Institute come on board.

"We continue to expand our client base to all sectors of the industry requiring commercial cleaning services" Said Sam Mizrahi, President and CEO of DoveCorp. "This will continue to increase exposure and ultimately revenues, and sends a clear message to our potential client base that we really do offer the best quality in the widest range of services in Canada."

Mr. Mizrahi also commented that "With the recent installation of the new tunnel washer, we can also expect to see a much-improved throughput with an increase in quality and efficiency, allowing us to take on more clients and move much larger volumes."

About DoveCorp:

DoveCorp is a leader in Canada's dry-cleaning and laundry industry, with the only ISO 9001 dry cleaning registration in the world. For more than 10 years, its flagship Dove Cleaners division has been widely recognized by various fashion and industry magazines as among the best premium dry cleaning and laundry services in Canada. At the same time, its Dove Depot, Meena Cleaners, and Natural Cleaners divisions excel in the mass market. DoveCorp's recent acquisition of Cadet Cleaners, a leader in the Greater Toronto Area for 50 years, has brought the number of DoveCorp's retail locations to 98. In addition, Dove Cleaners Commercial is a full-service provider of linen, uniforms, and mat rentals. The company also provides out-sourced dry cleaning and laundry services.

The TSX Venture Exchange has in no way passed on the merits of the transaction described herein.

Forward-Looking Statements

This document contains forward-looking statements relating to DoveCorp's financial performance, operations or to the environment in which it operates, which are based on DoveCorp's operations, estimates, forecasts, and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the company's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the company's corporate filings, (posted at www.sedar.com). Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, DoveCorp cannot be certain that actual results will be consistent with these forward-looking statements, and the company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

DOVECORP ENTERPRISES INC. 35 SUNTRACT ROAD TORONTO, ON M9N 2V8

This press release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release.

Contact Information

  • DoveCorp Enterprises Inc.
    Sam Mizrahi
    President and CEO
    (416) 782-8788 x 223
    Email: sam@dovecorp.com
    or
    DoveCorp Enterprises Inc.
    Christopher Hunt
    Director of Corporate Communications
    (416) 782-8788 x 262
    Email: chris.hunt@dovecorp.com