Devine Entertainment Corporation (fka DVNNF)

[OptionMonster]

Devine Entertainment Unveils New Corporate Website as Company Executes High-Growth Business Initiatives in Worldwide Film and Television Industry
New Website Reflects Company’s Strategies to Expand Global Sales and Distribution of Award-Winning Titles and Series Franchises

Devine Entertainment Corporation (OTCBB:DVNNF), seeking to capitalize on the burgeoning global demand for high quality film and television content, has announced the debut of a newly designed and engineered corporate website to better enable sales of the Company’s award-winning film and television content, and to provide updated information about strategic initiatives and business achievements.

The new website will provide information about Devine’s library of original films and television programming, which include internationally acclaimed franchises targeting the children’s and family entertainment markets, as well as its prime-time films and programming. Devine recently announced an updated valuation of its proprietary film and television library, estimating the asset value at $10 million, or $.20-$.25 per share.

The new website design includes sections about the Company’s film, television, and online sales. It also includes a section for investor information.

“This newly designed website reflects Devine’s continued growth as we increase sales in the United States, Canada and throughout the world,” said David Devine, Chief Executive Officer of Devine Entertainment. “In addition, we are continuing to build our production pipeline through production and distribution partnerships with some of the entertainment industry’s most respected companies.”

To visit the Devine Entertainment website, or paste http://www.devine-ent.com into your browser.

Devine has also recently successfully executed in its strategic business vision to expand its production strategy to include the adult-age, primetime audience demographic. The Company has entered the primetime television market with the critically hailed sophisticated cable television drama, “Across the River to Motor City,” which premieres in Canada this month.

Revenue and Earnings Forecast

Devine recently announced revenue and earnings guidance for the first three quarters of calendar year 2007, projecting significant revenue growth of CAN $5.5 million, representing a 1600% increase over the $363,529 for the comparable period in 2006. The Company also projected earnings in excess of $1 million for the first three quarters of 2007, a significant increase over the $529,614 loss reported for the same period in 2006.

About Devine Entertainment

Devine Entertainment Corporation develops, creates, and produces award-winning television programming and feature films for worldwide distribution across multiple TV broadcast networks, cable and satellite networks, DVD and Internet markets. Specializing in cultural and educational programming as well as prime-time drama and comedy entertainment programming, the Company’s titles have garnered more than 120 international film and television industry awards, including five Emmy and five Gemini Awards. The Company partners with leading international distributors, broadcasters and co-producers, such as Sony BMG, Rogers Media and The Carrere Group of France, to produce and distribute its award-winning film and television titles.

Among Devine’s critically acclaimed productions are its cultural and educational film series on history’s landmark Composers, Inventors and Artists, which have been broadcast in more than 50 countries. The Company continues to expand its proprietary library of high-quality film and television content. Among its general-audience primetime programming is the acclaimed one-hour mystery series, “Across the River to Motor City,” delivered to broadcasters worldwide in 2007. Headquartered in Toronto, the Company’s common shares trade on the NASD OTCBB market in the U.S. under the symbol DVNNF. The Company’s corporate website is www.devine-ent.com.

Devine Investor Resources

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Forward-Looking Statements

This press release may contain forward-looking statements relating to the future performance of Devine Entertainment Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the market acceptance of the Company’s products and services; competition within the film and entertainment industry and the introduction of new entrants and/or products in the Company’s markets; adverse changes in governmental regulations and policies affecting the film and entertainment industry; product development risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive. Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on information available to it on the date such forward-looking statements are made, no assurances can be given as to future results, levels of activity and achievements. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.


Devine Entertainment Corporation
Arnold Tenney, Richard Mozer
416-364-2282, Toll-free: 877-338-4633
[e-mail]
or
Trilogy Capital Partners
Financial Communications:
Ryon Harms, Toll-free: 800-592-6067
[e-mail]




Source: Business Wire (November 6, 2007 - 6:30 AM EST)

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