DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

July 10, 2007 18:29 ET

DoveCorp Enterprises Inc.: Results of Representation Vote Determined by OLRB

TORONTO, ONTARIO--(Marketwire - July 10, 2007) - As a result of an agreement between DoveCorp (TSX VENTURE:DOV) and the UFCW to resolve the issues in dispute relating to the UFCW's application for certification, the Ontario Labour Relations Board conducted on July 10, 2007 a count of the ballots cast in the representation vote.

The Board determined that a majority of the ballots cast in the vote were in favour of the union. This satisfies the requirement in the Labour Relations Act, 1995 for the union to represent the employees of DoveCorp that were subject to the application for certification.

We therefore expect that the Board will soon issue a certificate to the Union which designates it as the exclusive bargaining agent for all of DoveCorp's production employees at 35 Suntract Road, Toronto.

The issues relating to the dismissal of employees, as set out in the Union's unfair labour practice complaint, remain outstanding. The hearing is this matter is currently scheduled to commence on July 16, 2007.

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 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, 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. 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 x 223
    Email: sam@dovecorp.com
    or
    Managing Partners: Pro-Edge Consultants Inc.
    Tracy Weslosky or Fred Cowans
    (416) 581-0177 or 1-866-544-9622
    Email: info@pro-edge.com