The pet industry has grown exponentially over the past
decade with many pet adoption agencies springing up all over the world, the
Westminster Dog Show, and products that have increased the general interest in
the health and treatment of pets. Every pet we make a commitment to should be
taken care of with the love and affection we would expect from our parents.
Giving our dogs names, paying for their training and registering their
credentials, and designing a specific diet and routine of exercise for them are
prime examples of how much we care about our furrier halves. OurPet’s Company
(OTCQX: OPCO) develops, produces and markets various pet accessory and
consumable products designed to awaken pets’ natural instincts and build the
pet/human relationship, be it in feeding, playing or waste management.
Sold globally through pet specialty retailers (PetSmart and
PetCo), food, drug and mass chains (Wal-Mart (NYSE: WMT) and Kroger (NYSE:
KR)), e-commerce and international channels, the company’s products are marketed
under the OurPets®, Pet Zone® and PetTastic® brands, with well-known sub-brands
such as Play-N-Squeak®, Cosmic Catnip™, Durapet®, SmartScoop® and Flappy®. In
total, OurPet’s has an intellectual property portfolio featuring more than 160
individual patents, giving the company sustainable access to the pet products
industry for the foreseeable future.
Nearly 100 million American households own either a dog or
cat, and these families are expected to spend $61 billion in 2015 on their pets
alone, according to the American Pet Products Association. With the health
conscience consumer segment experiencing rapid growth, it is logical to predict
that this type of shopper will want to buy the same type of safe, healthy and
innovative products for their pets. In the most recent quarter, OurPet’s
reported record revenue of $6 million, which was a 7 percent increase from the
comparable quarter of 2014. The company also reported a massive 428 percent
jump in net income to $410,450, or $0.02 diluted earnings per share, compared
to $77,751, or $0.00, for the comparable quarter of 2014.
For more information, visit the company’s website at
www.ourpets.com
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