Dover Saddlery Announces Exploration of Strategic Alternatives

Dover Saddlery Announces Exploration of Strategic Alternatives 
LITTLETON, MA -- (Marketwired) -- 09/23/13 --  Dover Saddlery, Inc.
(NASDAQ: DOVR), the leading multi-channel retailer of equestrian
products, today announced that its Board of Directors and senior
management have initiated a process to identify and consider a range
of operational, financial and strategic alternatives to better pursue
its growth strategy and that may accelerate the enhancement of value
for the benefit of its stockholders.  
At the direction of the Board, the Company has engaged Duff & Phelps
Securities, LLC as its exclusive financial advisor in connection with
the review process. While the Board has previously received
unsolicited expressions of interest in relation to various potential
strategic transactions from time to time, it is not currently in
discussions with any particular party.  
While undertaking this process, the Board and senior management team
will remain highly focused on executing the Company's long-term
operational plan, which includes among other initiatives the
continued rollout of its retail store expansion plan and the
integration and realization of the strategic and financial benefits
of the new retail stores opened over the past several years.  
The Company stated that there can be no assurance that the Board's
exploration of strategic alternatives will result in any transaction
being pursued, entered into or consummated, and there is no set
timetable for the strategic review process. The Company does not
intend to comment further regarding the evaluation of strategic
alternatives until such time as the Board has determined the outcome
of the process or otherwise has deemed that disclosure is
appropriate. 
About Dover Saddlery, Inc. Dover Saddlery, Inc. (NASDAQ: DOVR) is the
leading multi-channel retailer 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(R) 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(R), Dover
Saddlery(R) and Smith Brothers(R) are registered marks of Dover
Saddlery. 
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 potential
consideration of strategic alternatives and the outcome of the Board
of Directors' strategic review and evaluation of the Company. 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 Saddler's
Annual Report on Form 10-K for the fiscal year ended December 31,
2012. 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. 
For more information, please call 1-978-952-8062 or visit
DoverSaddlery.com 
Janet Nittmann
jnittmann@doversaddlery.com
Tel 978-952-8062 x218