Janet Nittmann
jnittmann@doversaddlery.com
Tel 978 952 8062 x218
For Immediate Release
Dover Saddlery Announces Delay in Closing Date of Dominion Saddlery Acquisition
LITTLETON, MA –June 15, 2006 – Dover Saddlery Retail, Inc., a wholly-owned subsidiary of Dover Saddlery (NASDAQ: DOVR), announced today a delay in the closing of its proposed acquisition of Dominion Saddlery of Chantilly, Virginia. The transaction is now expected to close by the end of the month.
On May 22, the companies announced that they had entered into a non-binding agreement for the acquisition of the capital stock of Dominion by Dover Saddlery Retail. The anticipated closing of the transaction at that time was June 15, 2006.
Stephen Day, President and CEO of Dover Saddlery, stated, “It is preferable that additional time be allocated for the due diligence process in order to achieve an optimal outcome.”
Terms of the acquisition, including financial terms, will not be disclosed at this time.
About Dover Saddlery, Inc.
Dover Saddlery, Inc. (Nasdaq: DOVR) is the largest direct marketer of equestrian products in the United States. Founded in 1975 in Wellesley, Massachusetts, by United States Equestrian team members, Dover Saddlery has grown to become The Source® for equestrian products. Dover offers a broad and distinctive selection of competitively priced, brand-name products for horse and rider through catalogs, the Internet and company-owned retail stores. Dover Saddlery, Inc. serves the English rider and through Smith Brothers, the Western rider. The Source®, Dover Saddlery® and Smith Brothers® are registered marks of Dover Saddlery.
For more information, please call 1-978-952-8062 or visitwww.DoverSaddlery.com .
About Dominion Saddlery, Inc.
Dominion Saddlery, Inc. has been selling and distributing equestrian products in Virginia and Maryland for more than 30 years. Dominion is based in Chantilly, Virginia.
For more information, please call 1-800-282-2587, or visitwww.Saddlery.com
Notice Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation statements made about the consummation of the deal, integration of Dominion’s business as part of Dover Saddlery’s retail store expansion strategy, and maintenance and growth of Dominion’s revenues following introduction of some of Dover Saddlery’s additional products to Dominion’s existing customer base. All statements other than statements of historical fact included in this press release regarding the company’s strategies, plans, objectives, expectations, and future operating results are forward-looking statements. Although Dover believes that the expectations reflected in such forward-looking statements are reasonable at this time, it can give no assurance that such expectations will prove to have been correct. These forward-looking statements involve significant risks and uncertainties, including those discussed in this release and others that can be found in “Item 1A Risk Factors” of Dover Saddlery’s Annual Report on Form 10-K for the fiscal year ended December 31, 2005 on file with the Securities and Exchange Commission.
Dover Saddlery is providing this information as of this date and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. No forward- looking statement can be guaranteed and actual results may differ materially from those Dover Saddlery projects.
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