Devine Entertainment Releases Q3 2007 Financial Report



    
    Quarter Continues Year's Trend of Strong Growth with 20-Fold Increase in
    Revenues and $.04 per Share Gain in EBITDA

    -   Revenues for First Nine Months of 2007 Increase $5.6 Million to
        $5.9 Million
    -   Earnings for Quarter Turn Positive with $629,426 Increase, or
        $.01 per share
    -   Company Delivers First Season of Primetime Series
    

    TORONTO, Nov. 14 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF),
seeking to capitalize on the burgeoning global demand for high quality film
and television content, has released its Q3 2007 financial report, continuing
the revenue and earnings growth of the years' preceding quarters, with revenue
increases of 2,310% and earnings rising by $629,000 (all amounts in Canadian
dollars) to $.01 per share.
    Revenues in the quarter ended September 30, 2007, increased by $1,947,898
to $2,032,153, compared to $84,255 for the same period in 2006. The $629,426
increase in earnings brought the quarter's total to $398,028 or $0.01 per
share, as compared to a loss of $231,398 for the same period in 2006.
    Consistent with the Company's strategic business vision, revenues for the
nine months ended September 30, 2007, increased by more than $5,633,107 to
5,996,636, reflecting an increase of approximately 1,550% as compared to
$363,529 for the same period in 2006.
    Devine successfully executed a number of business initiatives during the
third quarter that have contributed to an increasingly high-growth 2007. These
include the delivery of the first season of the Company's primetime television
project, "Across the River to Motor City," one of the season's most
anticipated new series for the Canadian television market, and the recipient
of strong advance critical notices. Additionally, Devine's international
distribution agreement with Carrere Group, which commenced in the first
quarter of 2007, continued to generate significant new revenues in the third
quarter.
    With the production and delivery of the first season of "Across the River
to Motor City," set to premiere this month across Canada, Devine has also
advanced its strategy to build on the foundation of its success in the
children's/family demographic through the creation and distribution of
programming for the primetime television and mainstream adult age demographic.
    "The results of the third quarter have further strengthened the value of
our production and distribution partnerships," said David Devine, President
and Chief Executive Officer. "We expect 2007 will be one of the Company's
best-ever years and are excited about the prospects for growth in the years
ahead as we maintain our focus on building shareholder value."
    Devine recognized $5,612,427 in revenues on the delivery of the first
season of "Across the River to Motor City," along with increased sales from
the new international distribution agreement with Carrere Group for sales of
the Company's proprietary film library. The Company continues to seek to
expand revenues internationally through its film library, which contains
several award-winning franchises targeting the lucrative children's and family
entertainment markets.

    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, and on the Frankfurt Stock Exchange under the ticker 3TD. The Company's
corporate website is www.devine-ent.com.

    Investor-specific information and resources:
    http://www.trilogy-capital.com/tcp/devine.

    View current stock quotes and news:
    http://www.trilogy-capital.com/tcp/devine/quote.html.

    Investor Fact Sheet:
    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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