DoveCorp Enterprises Inc.

DoveCorp Enterprises Inc.

August 29, 2005 15:44 ET

DoveCorp Wins Park Hyatt Contract

TORONTO, ONTARIO--(CCNMatthews - Aug. 29, 2005) - DoveCorp Enterprises Inc. ("DoveCorp") (TSX VENTURE:DOV), Canada's largest dry cleaning and laundry service company, today announced it has added a major new customer to the roster of its commercial business -- the Park Hyatt Hotel in Toronto.

As part of the agreement, DoveCorp will provide commercial laundry services to the Park Hyatt Hotel. While the agreement with the Park Hyatt does not allow DoveCorp to disclose the exact terms of the arrangement, management expects that this contract may increase its commercial division's annual revenues by more than five percent.

"This substantial contract with the Park Hyatt is a continuation of the expansion of our commercial laundry division and we are keenly focused on continuing to grow this part of the business," said Sam Mizrahi, President and CEO of DoveCorp.

About DoveCorp:

DoveCorp is Canada's dry cleaning and laundry leader. For more than 10 years, its flagship Dove Cleaners division has been widely recognized as the best premium dry cleaners and laundry 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 industry for fifty years, has brought the number of Dove retail locations to 96, with 24 more to open over the next two years. DoveCorp's commercial venture, Dove Cleaners Commercial, is a full-service provider of linen, uniform, and mat rentals. The company also provides out-sourced dry-cleaning and laundry services. With scalable technology and proven management, superlative operational and quality control systems, and a 42,000-square-foot state-of-the-art facility, DoveCorp boasts the world's only ISO 9001 dry cleaning registration. In a consolidating industry, DoveCorp will expand its reach across Canada through organic growth and acquisition.

Contact Information

  • DoveCorp Enterprises Inc.
    Sam Mizrahi
    President & CEO
    (416) 782-8788 x223
    Ciris Investor Relations
    Robin Sundstrom
    (416) 368-8770 x223