DOV Dovecorp Enterprises Inc. (Tier2)

DoveCorp Enterprise Inc. (TSX VENTURE:DOV), announced today that the CCAA
Monitor (RSM Richter) has now identified what it believes to be the best offers
for DoveCorp's assets.


On July 12, 2007, the Ontario Superior Court of Justice (the "Court") issued an
order (the "Initial Order") granting the Company protection pursuant to the
Companies' Creditors Arrangement Act ("CCAA"). RSM Richter Inc. was appointed
the CCAA Monitor (the "Monitor").


Pursuant to a sale process approved by the terms of the Initial Order,
prospective buyers were required to submit offers to the Monitor by August 22,
2007. The Monitor received a number of offers by the deadline. On August 30,
2007, the Monitor made a recommendation to the Independent Committee of the
Board of Directors as to the best offers and following consideration of the key
aspects of the various offers, the Independent Committee confirmed its agreement
with the Monitor's recommendation.


The Monitor intends to work with the parties that submitted the offers over the
next several weeks to close the transactions. This process includes seeking the
Court's approval of the recommended transaction. Obtaining the Court's approval
and closing the transaction is projected to take two to three weeks.


The results of the Court approved sales process has revealed a range of values
for the assets of the Company that indicate the shareholders are unlikely to
recover any value for their shares and therefore do not likely have any
continuing economic interest in the Company.


Information regarding DoveCorp's restructuring can be found on the Monitor's
website of RSM Richter Inc. at:
http://www.rsmrichter.com/Restructuring/Dove.aspx


In a continuing effort to reduce costs, the position of Chief Financial Officer
has been eliminated.


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, brought
the number of DoveCorp's retail locations to 98 in early 2006, making it
Canada's largest and fastest-growing company in the industry. 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.

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