Devine Entertainment extends exercise dates of warrants and step-up warrants



    TORONTO, April 4 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF)
today announced one-year extensions to the exercise dates of the step-up
warrants and warrants associated with the Company's April 7, 2004 and May 31,
2006 private placements, respectively.
    Each step-up warrant to acquire one common share at an exercise price of
$0.30 (all amounts in Canadian dollars), previously exercisable at any time
prior to April 7, 2007 and each warrant to acquire one common share at an
exercise price of $0.30, previously exercisable at any time prior to May 31,
2007, is now extended for one year. Any exercise of the step-up warrants
associated with the Company's April 7, 2004 private placement on or prior to
April 7, 2008 will be valid and any exercise of the warrants associated with
the Company's May 31, 2006 private placement on or prior to May 31, 2008 will
be valid. The acquisition of one common share at the exercise price of $0.30
and all other terms and conditions of the step-up warrants and the warrants
remain the same.

    Five-time Emmy Award-winning Devine Entertainment Corporation develops,
produces and distributes primetime drama, children's and family entertainment
for the theatrical motion picture, television and Video/DVD marketplace
worldwide. Their film series on landmark Composers', Inventors' and Artists'
are critically acclaimed and broadcast in over 50 countries. The Company
recently completed its first feature film for theatrical release, Bailey's
Billion$, which was released in North America on August 5, 2005 and is
currently being distributed worldwide. In 2006 the Company continued expanding
its proprietary library and financed and began production of its first general
audience primetime one-hour mystery series, entitled Across the River to Motor
City, for delivery to broadcasters world wide 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.

    This press release contains 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 fluctuations in revenues; 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: Arnold Tenney, Richard Mozer, Devine
Entertainment Corporation, Telephone: (416) 364-2282; Herbert Lanzet, DeeDee
Lanzet, H.L. Lanzet, Inc., Telephone: (212) 888-4570

Organization Profile

DEVINE ENTERTAINMENT CORPORATION

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