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Press Press Releases 2007
Oakville , ON – February 2, 2007 . Pethealth Inc. (TSX VENTURE: PTZ) (“Pethealth” or “The Company”), is pleased to announce that it has completed the development and testing of the Lost and Found Module for its PetPoint animal management system (www.petpoint.com). This new module, now in use, integrates the 24-hour, seven-day-a-week, 24PetWatch (www.24petwatch.com) lost pet recovery call centre directly with the organizations running PetPoint. This market-leading innovation now allows the Company’s lost pet recovery specialists to conduct “virtual searches” of all animal welfare organisations running PetPoint for animals brought in as strays and reported found. Today, over 520 animal welfare organisations in the United States and Canada have licensed PetPoint making it the most widely used animal management system in North America. Currently, approximately one animal welfare organisation each business day moves to PetPoint. Pethealth is the only company in North America providing both a full animal management software system to the animal welfare community and RFID (microchip) technology and related lost pet recovery support to pet owners in both Canada and the United States. As the only web-based ASP (“Application Service Provider”) solution, PetPoint currently hosts data on over 55,000 animals being housed today in animal control facilities, shelters, humane societies and rescue groups. In 2006, those organisations using PetPoint accounted for over 470,000 “intakes” of dogs, cats and other animals. “With the launch of this new lost and found system, 24PetWatch offers pet owners the most proactive pet registry service in North America,” said Steve Zeidman, Chief Information Officer of Pethealth. “The development of our lost and found module further distinguishes our service levels from those that are offered by our competitors. Only 24PetWatch staff can conduct the search for lost pets remotely within the inventory of animal welfare organisations, thus reducing the burden on these organisations to assist in the lost pet recovery process as is still recommended by our competitors.” The Company is also pleased to report other selected milestones in the development of its non-insurance business:
About Pethealth Pethealth is a leading provider of pet insurance and pet related data management services to the North American companion animal industry. Pethealth offers a unique range of products and services for veterinarians, shelters and pet owners through a number of wholly owned subsidiaries using a range of brand names including PetCare, ShelterCare, CherryBlue, 24PetWatch and PetPoint. Pethealth is based in Oakville, Ontario. To find out more about Pethealth, visit the website at www.pethealthinc.com The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains information that is forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information by its nature necessarily involves risks and uncertainties including, without limitation, the difficulty of predicting the current regulatory and supervisory environment, the timing and conditions to obtaining any regulatory approval, reliance on insurance underwriters for pet insurance policies, market acceptance and demand for existing and new products and services, including PetPoint and EVE Software and the 24PetWatch microchip program, the Company’s ability to maintain and service new and existing customers, the protection of intellectual property associated with its products and services, the impact of competition generally and new competitive products, currency and foreign exchange fluctuations, risks associated with the Company’s customer care solutions facility, and related risks and uncertainties. Additional risks and uncertainties affecting the Company can be found in the Company’s Annual Information Form available on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contacts:
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