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Dr. Steven Tsengas, Chairman and CEO, commented, "We appreciate our bank's strong vote of confidence in our business, considering ever-tightening credit conditions. The bank financing should provide sufficient capital for OurPet's to achieve the goal of double-digit growth in revenues and profits. We intend to achieve this goal by developing exciting, innovative products, and expanding our marketing and sales activities to further penetrate domestic and overseas markets. We plan to introduce approximately 100 new products (SKUs) over the next 12 months that further strengthen our existing brands as well as launch a major new, proprietary, trend setting brand in the 3rd Quarter of 2010. Our focus on developing innovative products has positioned us well, especially during current challenging consumer markets."
About OurPet's Company OurPet's develops produces and markets a broad line of innovative, high-quality accessory and consumable pet products in the U.S. and overseas. Investors and customers may visit www.ourpets.com for information about the Company and specific brand Websites, such as, www.smartscoop.com, www.ecopurenaturals.com, www.playnsqueak.com, and www.flappydogtoys.com for additional information.
Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the other risks that are described from time to time in OurPet's SEC reports.
SOURCE: OurPet's Company
OurPet's Company Scott R. Mendes, CFO, 440-354-6500, x109 smendes@ourpets.com FAX 440-354-9129
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