Before the opening
bell, OurPet’s Company (OTCQX: OPCO) announced its sponsorship of the 65th
Annual BetterInvesting National Convention in Chantilly, Virginia. As part of
this sponsorship, Dr. Steven Tsengas, chief executive officer of OPCO, and
Scott Mendes, the company’s chief financial officer, were given the opportunity
to present OurPet’s Company’s corporate story to a group of 450 independent
investor club representatives.
“Not every good
investment opportunity is inherently right in front of you,” Dr. Tsengas stated
in front of a packed audience during his May 21 presentation. “Sometimes you
need to explore and search for wise investment opportunities to balance your
portfolio; and if you look hard enough, you’ll find well-performing ‘gems’ like
OurPet’s Company.”
To view OPCO’s full
presentation from the BetterInvesting Convention, visit http://dtn.fm/C5Dja
As one of the few
non-retail pure pet plays available to investors, OPCO has been successful in
attracting a sizable and diverse investor base. In recent months, the company
has leaned on a strong intellectual property portfolio covering roughly 75 percent
of all sales to increase its presence in the growing pet industry while further
expanding awareness in the investment community. OPCO’s most recent financial
results reiterate this progress, as the company reported double-digit
year-over-year increases in both net revenue and net income for the three
months ended March 31, 2016.
“We just want to get
the OurPet’s story out to the investor community,” Scott Mendes stated in this
morning’s news release. “Hopefully this presentation and others will help
expand our investor base, which is currently comprised of over 600 investors.”
Building on the
results of a strong first quarter that included both financial growth and the
introduction of the innovative Intelligent Pet Care™ product line at the Global
Pet Expo, OurPet’s Company is currently preparing to make a splash in the
international pet industry. In an interview with DreamTeamNetwork, Dr. Tsengas
stated that OPCO has recently been placing emphasis on increasing recognition
of its OurPets® and Pet Zone® brands in South Korea, China and Japan, and the
products have already “gained very strong following” in the Asian nations.
Tsengas went on to indicate that international sales could be “one of the big
positive surprises in 2016,” despite the strength of the U.S. dollar.
OPCO currently
leverages a dual-branding strategy, marketing products under the OurPets brand
to pet specialty channels and products under the Pet Zone brand to food, drug
and mass retail channels. The company has also found success through e-commerce
channels, with sales through e-commerce giant Amazon up by 16 percent in 2015,
as compared to the previous year. In total, nearly 20 percent of OPCO’s sales
are categorized as internet sales.
For more
information, visit the company’s website at www.ourpets.com
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