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Press Press Releases 2004 Pethealth Inc. Achieves Record Policy Sales in January OAKVILLE, ON, February 10, 2004. Pethealth Inc. ("Pethealth" or "the Company") (TSX Venture Exchange Tier 1: PTZ) today announced record new policy sales for January 2004. The Company sold 5,228 core policies, up 52% over January 2003. January was the first month in the Company’s history that it sold more than 5,000 core policies. The Company also achieved record sales of ShelterCare policies in January, with 19,385 adopted pets being enrolled in the program, up 66% from January 2003. Additionally, the Company sold 275 EmergencyCare policies. The EmergencyCare program was introduced in February 2003. January’s record sales left the Company with total core paid policies in force of 71,789 as at month end, up 66% from a year ago. Total paid policies in force (including EmergencyCare policies and ShelterCare policies) as of January 31st stood at 112,174, up 71% from a year ago. “We are extremely pleased with the Company’s performance in January,” said Mark Warren, President and Chief Executive Officer. “Core policy sales in January exceeded internal forecasts for the fourth straight month, despite the fact that our new programs for 2004 have yet to commence, indicating that we are creating greater efficiencies out of our current distribution channels.” 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 PetCare Pet Insurance Programs, Pethealth offers its pet insurance programs under a variety of names, including QuickCare, ShelterCare and Union Plus Pet Insurance. In the United States, the PetCare Pet Insurance Programs are underwritten by Lincoln General Insurance Company, York, PA, through PetCare Insurance Brokers Ltd., PetCare Insurance Agency, Ltd., both wholly owned subsidiaries of the company, and Avalon Risk Management Inc. In Canada, the Company’s pet insurance is underwritten by ING Novex, a member of ING Group, and Kingsway General Insurance Company and offered through PetCare Insurance Brokers, Ltd. In addition, Pethealth, through its wholly owned subsidiaries Pethealth Services Inc. and Pethealth Services (USA) Inc., 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. The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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. Not for dissemination in the United States of America or to United States news wire services. For further information
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