Pethealth Inc.

Pethealth Inc.

April 04, 2012 11:17 ET

CORRECTION FROM SOURCE: Pethealth Inc. Enters Data Report Agreement with Best Friends Animal Society

Leading Nonprofit and National Animal Welfare Brand Now Largest Subscriber to PetPoint Reports

OAKVILLE, ONTARIO--(Marketwire - April 4, 2012) - This press release corrects and replaces the previously issued, same-titled release, disseminated April 4, 2012 09:34 ET due to a second paragraph printing error in the date March 30, 2011 which now reads March 30, 2012.

Pethealth Inc. (TSX:PTZ) ("Pethealth" or the "Company") North America's leading provider of animal management software to animal welfare organisations ("AWOs") is pleased to announce that Best Friends Animal Society has become the largest subscriber to its industry leading PetPoint Reports.

Under the terms of the data report agreement, Pethealth has provided Best Friends Animal Society with state and regional reports on animal intakes and outcomes from 2009 through 2011 in exchange for approximately $440,000. The reports are based largely on the Company's monthly PetPoint Report, published on the third Monday of each month, which covers national trends in animal welfare. Under the terms of the agreement, completed on March 30, 2012, Best Friends also has an option for 2012 reports at an additional cost of approximately $250,000.

Pethealth is the leading aggregator of North American shelter data through the provision of its industry-leading animal management software application PetPoint, the first and most widely used cloud application now licensed by 1,810 AWOs in the United States and Canada. As a hosted solution, the Company is able to aggregate data from all its licensed users. The PetPoint application is provided free of charge to those AWOs using the Company's 24PetWatch microchip program and promoting its ShelterCare pet insurance program.

The PetPoint Report, first published in October 2010, is now widely considered the leading source of data relating to trends occurring within AWOs, including intakes, adoptions and euthanizations. Market analysts, including Bank of America Merrill Lynch, R.W. Baird and C.L. King, now routinely reference the PetPoint Reports in their own market research.

Best Friends Animal Society is a leading companion animal welfare organisation with a variety of programs designed to bring about a time when there are No More Homeless Pets®. Best Friends Animal Society operates the largest companion animal sanctuary in the United States, and issues the Best Friends magazine with a combined network of over 250,000 members and subscribers. It achieved recognition as a leading not for profit brand in the United States in both 2011 and 2012.

The agreement with Best Friends Animal Society represents the Company's second significant agreement involving aggregated AWO data. In September 2009, Pethealth signed an agreement with PetSmart Charities Inc. running through December 2011. Earlier, the two parties agreed to extend the partnership through to December 31, 2012, under terms consistent with the previous agreement.

About Best Friends Animal Society

Best Friends Animal Society is a non-profit organisation building no-kill programs and partnerships that will bring about a day when there are No More Homeless Pets®. The Society's leading initiatives in animal care and community programs are coordinated from its Kanab, Utah, headquarters, the country's largest no-kill sanctuary. This work is made possible by the personal and financial support of a grassroots network of supporters and community partners across the nation.

To become a fan of Best Friends Animal Society on Facebook go to:

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About Pethealth

Pethealth is a leading provider of companion animal services in North America and the United Kingdom. In addition, the Company is the leading provider of management software to North American animal welfare organisations through its SaaS-based application and is the leading provider of pet related database 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, 24PetWatch, PetProtect, petPals Direct, ShelterCare, PetPoint, and

Pethealth is based in Oakville, Ontario. To find out more about Pethealth, visit the website at

Contact Information

  • Investor Relations Contacts:
    Pethealth Inc.
    Mark Warren
    President and Chief Executive Officer
    (905) 842-2615

    Pethealth Inc.
    Glen Tennison
    Chief Financial Officer
    (905) 842-2615