DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

January 30, 2006 06:30 ET

DoveCorp Announces Three New Commercial Contracts

TORONTO, ONTARIO--(CCNMatthews - Jan. 30, 2006) - DoveCorp Enterprises Inc. (TSX VENTURE:DOV), a leader in Canada's dry cleaning and laundry industry, is pleased to announce that it has closed three new customer contracts in the Niagara Falls area -- the Day's Inn Lundy's Lane; the Day's Inn Clifton Hill and Casino; and the Oakes Hotel. The contracts are all for a two-year period.

DoveCorp's business development team, created as part of the implementation of the Company's new business plan, has generated these sales, which management believes underscore the effectiveness of DoveCorp's one-stop-shop approach. DoveCorp's expanded service array has been instrumental in generating new business flow.

"Our strategy on the commercial side is to expand into new locations, and we have focused on hotels because their needs mesh well with our range of capabilities," said Sam Mizrahi, President of DoveCorp. "We can provide a single source for laundry, dry cleaning, and mat service, simplifying these services for hotel management. Winning these three new customers reflects the appeal of our strategy, and we are very pleased to welcome all three and look forward to working closely with them."

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.

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, 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.

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

Contact Information

  • DoveCorp Enterprises Inc.
    Sam Mizrahi
    President and CEO
    (416) 782-8788 x223
    sam@dovecorp.com
    or
    Ciris Investor Relations
    Robin Sundstrom
    President
    (416) 368-8770 x223
    robin@ciris.biz