DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

October 04, 2005 17:00 ET

DoveCorp's VP Finance Resigns, New Corporate Controller Appointed

TORONTO, ONTARIO--(CCNMatthews - Oct. 4, 2005) - DoveCorp Enterprises Inc. (TSX VENTURE:DOV), one of Canada's leading dry cleaning and laundry service companies, today announced the resignation of its VP Finance and co-CFO, Alan Tsui, for health reasons. Concurrent with Alan Tsui's departure, DoveCorp has appointed Wayne Fraser, CMA, as Corporate Controller to assist Greg van Staveren, DoveCorp's CFO, who was co-CFO prior to Alan Tsui's resignation.

"DoveCorp will miss Alan's presence and we hope his health improves soon," said Sam Mizrahi, DoveCorp's President and CEO. "In his absence, I am pleased to note that the finance function will continue to be well-supported, with the able assistance of our CFO, Greg van Staveren, and our new Corporate Controller, Wayne Fraser, who has senior-level financial experience in public companies in both Canada and the United Kingdom."

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 96. 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 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.

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, Ontario M9N 2V8


Contact Information

  • DoveCorp Enterprises Inc.
    Sam Mizrahi
    President and CEO
    (416) 782-8788 x 223
    sam@dovecorp.com
    or
    Ciris Investor Relations
    Robin Sundstrom
    President
    (416) 368-8770 x223