SOURCE: Pet Ecology Brands, Inc.
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October 03, 2007 08:00 ET
Pet Ecology Brands Announces the Authorization of a 1 for 12 Reverse Stock Split
DALLAS, TX--(Marketwire - October 3, 2007) - Pet Ecology Brands, Inc. (PINKSHEETS: PECB)
announces today its Board of Directors have authorized a 1-for-12 reverse
stock split.
Mr. Steckel commented, "The reverse split creates the availability of
shares under our current authorization to allow us to issue the shares
necessary to complete the stock purchase agreement with Tricon Holdings LLC
and Texas Atlantic Capital Partners LLC in which PECB will receive $650,000
in cash for an additional 25.5% of our outstanding stock bringing their
combined ownership to 51% of PECB. We expect clearance from the NASD
shortly in order to complete the process."
Further Mr. Steckel noted, shareholders do not have to take any action with
regard to their holdings as "Our transfer agent will make the necessary
conversions at the time of shareholders transfer."
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About Pet Ecology Brands, Inc.
Pet Ecology Brands, Inc. has developed a revolutionary patented cat litter
that destroys urine odor, clumps, and is earth-friendly. The litter is
ultra-lightweight and convenient to use (3 lbs works like 21 lbs of
clay/sand-based products), it is 100% flushable and safe for sewer and
septic tank systems. Most importantly, it is completely safe for cats and
our environment, and does not contain any sodium bentonite, as used in many
competing brands. The design helps to protect the landfills, and yet does
everything that clay litters do... and more. It has the ability to help
indicate certain diseases commonly occurring in cats. The technique used is
similar to that found in Merck's Veterinarian Manual. However, this litter
not only warns of possible illness, but may also help indicate how far
along the illness may be by the color the litter changes to, thereby
providing the pet owner significant additional benefits and an early
warning system concerning the cat's health.
Pet Ecology's K-9 Fat Free Dog Treats™ are the first fat free treats on
the market that meet the standards of the U.S. Department of Agriculture,
and offer dog owners an effective means to provide their pets with a
non-fat tasty treat. They are also cholesterol free and sodium free.
According to U.S. News & World Report, "the number one health problem for
dogs is obesity." Today, dogs are fed fat rich food and treats, and often
get significantly less exercise than required to maintain an ideal weight
and healthy condition. Overweight dogs are more prone to serious injury,
skeletal stress, and the same complications that people experience with
significant weight gain via fat rich diets, ranging from heart and lung
problems, to skin and kidney diseases, to circulatory and immune system
issues. Vit-A-Dog Fat Free Treats (soon to be available) are enriched with
vitamins D & E, and will be available in chicken, beef and liver flavors.
Other products anticipated being launched by Pet Ecology Brands, Inc. and
include the first fat free cat treat, a low sodium and low fat microwavable
gourmet cat dinner; and two cat litter product line extensions to help
indicate feline pregnancy and diabetes.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements, other than the statements of historical facts, may be
deemed to contain forward-looking statements with respect to events, the
occurrence of which involves risk and uncertainties, including, without
limitation, demand and competition for the company's products and services,
the availability to the company of adequate financing to support its
anticipated activities, the ability of the company to generate cash flow
from operations and the ability of the company to manage its operations. As
statements regarding future events concern management's estimates of future
results of operations, and as these estimates are based on many elements
beyond management's control, differences from management's estimates may
occur, and such differences may be material.