MissionIR today announces the online availability of its
interview with OurPet’s Company (OTCQX: OPCO) co-founder and Chief Executive
Officer Dr. Steven Tsengas, Chief Financial Officer Scott Mendes, as well as
Dean Tsengas, co-founder, Vice President and general manager. The full audio
interview is available at http://OPCO.MissionIR.com/interview.html.
OurPet’s develops, produces and markets various innovative
pet accessory and consumable products. The company has 160 patents/patents
pending, which facilitate its entrance into major national retailers. The
OurPet’s interview starts off with a brief history of the company’s official
launch 20 years ago.
“OurPet’s represented a dream that we had, to have a
proprietary company that would be a virtual company … concentrate on product
ideation, innovation, and the marketing and distribution of the products, which
we felt would provide the highest level of return on investment, profitability,
opportunity for growth … OurPet’s represented an opportunity to combine all the
electronic and engineering experiences that we had, along with an understanding
of the pathologies related to aging by pets and the problems they experience,”
says Dr. Tsengas.
Dr. Tsengas discusses the overall pet industry, which at the
time of the company’s founding was greatly lacking in innovation. OurPet’s
decided to focus on three key segments of the industry — pet toys, feeding and
storage, and waste and odor management — and its success in doing so is in the
numbers. When OurPet’s launched its first trend-setting product in 1995, it was
met with significant consumer response. In its first year of operations OurPet’s
recorded $150,000 in annual sales. By the second year the figure jumped to
$500,000 and now sits around $25 million.
“Our goal is to grow double to triple the industry growth,
so our expectation this year is to grow at a high-digit number with an income
of double-digit growth in terms of net income,” adds Dr. Tsengas.
In conjunction with this goal, CFO Mendes describes the
company’s recently announced transition into a social media-driven awareness
campaign to better communication with new investors and existing shareholders.
“We had taken a pretty traditional approach to IR … but we
had not been seeing the trading activity that we felt the company deserved. So
we decided to modernize our IR approach by getting into a more social media
campaign … and get the OurPet’s story out,” he says.
The interview then touches on the company’s management team
and the type of milestones it takes to become a high-growth corporation.
“One of the major jobs was, again, to develop and have the
infrastructure to have seamless growth in the future, rather than a bumpy one …
we feel we are at the point to support continuous improvement in revenue growth
and profitability. One of the biggest things we had to accomplish was the
branding of our company … that phase has been pretty well completed. In terms
of product development, we have about 30 products in the mill at any one point
in time. A lot of these products have been completed this past year
increasingly will be launched in 2016 and beyond,” explains Dr. Tsengas.
On the operational side, OurPet’s has successfully
established key partners around the world, which co-founder Dean Tsengas
further details.
“It’s pretty diverse, as far as what the company’s offerings
are and in order to focus on developing, design, marketing, distribution into
the marketplace, what we’ve done is formed strategic partnerships with our key
suppliers, both domestic and overseas … we’ve formed very close collaborative
relationships with both our customers and our suppliers during the product development
stage all the way through finished product and the full launch into the
marketplace. This is what’s been the key toward our success, along with the key
people in our company,” he says.
In conclusion, Dr. Tsengas flags upcoming company announcements
with Japanese companies, and discusses the pet industry’s growth over the last
20 and how OurPet’s will continue to participate in the industry as a
trend-setting leader.
For more information, visit www.ourpets.com
About
MissionIR
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Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
