Devine Entertainment Completes Private Placement



    Proceeds to Accelerate Company's High Growth Strategy Capitalizing on
    Opportunities in Worldwide Entertainment Marketplace

    TORONTO, Oct. 11 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF -
News), capitalizing on the burgeoning global demand for high quality film and
television content, today announced that it has completed a private placement
of 6,475,000 units to accelerate the Company's high-growth initiatives to
generate revenue in North America, Europe and other international territories.
    Each unit consists of one common share and one purchase warrant with a
purchase price of CAN$0.10 per unit (all amounts in Canadian dollars). Each
warrant is exercisable at any time on or prior to April 11, 2009, to acquire
one common share at an exercise price of $0.10 per share. The proceeds of
$647,500 are earmarked for investment in the development of the Company's new
film and television production slate, the development of the Company's
marketing and distribution activities and general working capital.
    "We see the success of this private placement as a vote of confidence
from our investors as Devine moves forward with plans to expand our production
and distribution of award-winning television and film content through 2008 and
2009," said David Devine, President and Chief Executive Officer of Devine
Entertainment. "Our recent progress attests to the strength and continuing
potential of our business operations to capitalize on significant
opportunities in the global entertainment marketplace."
    Devine Entertainment recently announced an expanded distribution
agreement with The Carrere Group of France to further capitalize on its film
and television library in France and other French-speaking territories. The
Company is also developing scripts for an anticipated second season of its new
primetime series, "Across the River to Motor City." In addition, pre-sale
commitments from broadcasters France 5, TPS Jeunesse and TVOntario are in
place for the Company's approaching production of its new "Writers' Specials"
series.
    All units purchased in the private placement are restricted for a period
of four months and one day in Canada until February 12, 2008, and for a period
of one year in the United States until October 12, 2008.
    Mr. Devine and Richard Mozer, Chief Financial Officer, participated in
the private placement by subscribing for 750,000 units each, or 23% of the
offering cumulatively, for their respective investment purposes. Mr. Devine
and Mr. Mozer, who were beneficial owners of 5,670,545 and 5,186,445 shares of
the Company, respectively, before the private placement are beneficial owners
of 6,420,545 and 5,936,445 common shares of the Company after this investment.
Mr. Devine's and Mr. Mozer's percentage holdings of the outstanding common
shares of the Company of 14% and 13%, respectively, remain the same after the
private placement.

    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.

    For investor-specific information and resources, visit
http://www.trilogy-capital.com/tcp/devine.

    To view current stock quotes and news, visit
http://www.trilogy-capital.com/tcp/devine/quote.html.

    To view an investor fact sheet about the company, visit
http://www.trilogy-capital.com/tcp/devine/factsheet.html.

    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.





For further information:

For further information: Devine Entertainment Corporation, Arnold
Tenney, Richard Mozer, (416) 364-2282, Toll-free: (877) 338-4633,
atenney@devine-ent.com; or Trilogy Capital Partners, Financial Communications:
Ryon Harms, Toll-free: (800) 592-6067, ryon@trilogy-capital.com

Organization Profile

DEVINE ENTERTAINMENT CORPORATION

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