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Press Press Releases 2003 ShelterCare Pet Insurance Program
Insures Over 200,000 Shelter Pets. PROVO, UT, October 27, 2003. Pethealth Inc., owner of the ShelterCare Pet Insurance program for newly adopted pets, is excited to announce the program has surpassed the 200,000 mark of insured dogs and cats who have been adopted from a Petfinder.com member shelter or rescue group. Tyler Tolman of Orem, Utah, was the lucky 200,000th person to enroll his new dog, Bunker, a six-month-old English Cocker Spaniel adopted from the Lost Paws organization in Provo, Utah, into the ShelterCare program. To celebrate this milestone, Pethealth will be providing Bunker with one year of free dog food. The ShelterCare Pet Insurance program was introduced in January 2002 and is one of several pet insurance programs offered by Pethealth, North America's second largest provider of pet health insurance. ShelterCare, which covers 11 named perils, is available to every dog or cat adopted from a Petfinder.com organization in 45 U.S. states, the District of Columbia and all 10 Canadian provinces. Additionally, Petfinder.com pre-pays the first 60 days of ShelterCare coverage for the newly adopted pet with no-strings-attached or costs to the shelter or new pet owner. New adopters only have to call 1-866-375-PETS, or go online to www.ShelterCare.com, to activate the ShelterCare policy within 10 days of the adoption date in order to receive the 60-day gift coverage. "The ShelterCare Pet Insurance Program has steadily become an asset to shelters and rescue groups," says Betsy Saul, Petfinder.com founder and chief executive officer. "The program works because Petfinder.com members see the security and financial benefits of a pet insurance program for newly adopted dogs and cats." Mark Warren, CEO of Pethealth Inc., says there has been a tremendous response from shelters to join the program because it allows them to save more animals and utilize their scarce resources elsewhere. "Post-adoption illnesses or accidents often cause people to return their newly adopted pets back to the shelter. The ShelterCare Pet Insurance program addresses these issues by helping shelters and responsible pet owners avoid the financial costs associated with unexpected pet health care." There are over 6,300 Petfinder.com member shelters and rescue organizations across North America where adopters can take advantage of this unique pet insurance gift program. About Pethealth Founded in February 1998, Pethealth is Canada's number one provider of pet insurance and is number two in North America, currently offering its PetCare pet insurance programs in 10 provinces, 45 states and Washington, D.C. In addition to the ShelterCare Pet Insurance programs, Pethealth offers its pet insurance programs under a variety of names, including QuickCare, the PetCare Pet Insurance Programs and Union Plus Pet Insurance. In the United States, the PetCare Pet Insurance Programs are underwritten by Lincoln General Insurance Company, York, PA, through Avalon Risk Management Inc. In Canada, the Company's pet insurance is offered to owners of dogs and cats through its wholly owned subsidiary, PetCare Insurance Brokers Ltd. ING Novex, a member of the ING Group, and Kingsway General Insurance Company underwrite PetCare products in Canada. The PetCare programs also carry the exclusive endorsements of a number of industry leaders, including veterinary medical associations representing approximately four out of five practicing veterinarians in Canada. In addition, Pethealth, through its wholly owned subsidiaries Pethealth Services Inc. and Pethealth Services (USA) Inc., sells and distributes Allflex pet microchip supplies to the companion animal market in North America and operates the related pet recovery registry under the trade name 24PetWatch. Pethealth is based in Oakville, Ontario. Institutional investors include Dynamic Mutual Funds, through its Dynamic Venture Opportunities Fund. About Petfinder.com Petfinder.com, founded in 1995, is the largest searchable database of adoptable pets on the Web. It facilitated over a million adoptions in 2002. At Petfinder.com visitors can currently "meet" over 130,000 adoptable pets from over 6,300 animal shelters and rescue groups across the U.S. and Canada. The site also has a resource library and message boards to help educate new adopters about pet health, behavior and care. Petfinder.com has partnered with the American Society for the Prevention of Cruelty to Animals to ensure that visitors and member shelters have access to advice from the top pet experts. Support from sponsors such as the Ralston Purina Company, PETCO Animal Supplies Inc., BISSELL, Inc., Merial and Pethealth Inc. ensures that the site remains free to both shelters and rescue groups as well as to potential adopters. Forbes Magazine named Petfinder.com one of the 300 Best of the Web, and Family PC ranks it as one of the 100 best family sites. Statements contained in this news release, if not historical, are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the results described in forward-looking statements. For further information, please contact: |
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