Pethealth Inc.
TSX VENTURE : PTZ

Pethealth Inc.

July 11, 2005 09:00 ET

Pethealth Inc. Announces Board Appointment

OAKVILLE, ONTARIO--(CCNMatthews - July 11, 2005) -

Not for dissemination in the United States of America or to United States news wire services.

Mr Richard Renaud, Chairman of Pethealth Inc. (TSX VENTURE:PTZ), is pleased to announce that Mr Harold P. ("Sonny") Gordon, Q.C., Chairman of Dundee Corporation, has joined the board of Pethealth. Prior to becoming Chairman of Dundee Corporation in 2001, Mr. Gordon served as Executive Director and Vice Chairman of Hasbro Inc., from 1995 to 2002, and was a Partner with Stikeman Elliott from 1975 to 1995 where he served in several capacities, including a Managing Partner. Mr Gordon also currently sits on the boards of Alliance Atlantis Communications Inc., Dorel Industries Inc., Jeanne Sauve Scholars, Madacy Entertainment L.P., Transcontinental Inc. and Sonomax Hearing Healthcare Inc.

Pethealth also announced that Mr. Michael Cooper, President and Chief Executive Officer of Dundee Real Estate Investment Trust, has stepped down from the board after having served as a director since December 2000.

Mr. Gordon was granted 1,000,000 stock options at an exercise price of $0.15 under the Employee Stock Option Plan previously approved by the TSX Venture Exchange in December 2000. In accordance with the Employee Stock Option Plan, the options have a term of 10 years and vest over 5 years.

The board of Pethealth Inc. is now comprised of the following individuals: Mr David Atkins (Senior Advisor, Lang Michener); Mr Harold P. ("Sonny") Gordon (Chairman, Dundee Corporation); Mr Pierre Raymond (Partner, Stikeman Elliott); Mr Richard Renaud (Chairman, Wynnchurch Capital); Ms Marty Smart Wilder (Executive Director, Pet Food Association of Canada); Mr Mark Warren (President & CEO, Pethealth Inc.); and Mr Don Watt (Chairman, DW+Partners).

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 and 24PetWatch.

Pethealth is based in Oakville, Ontario. To find out more about Pethealth, visit the web site at www.pethealthinc.com.

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.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pethealth Inc.
    Richard Renaud
    Chairman
    (905) 842-2615
    or
    Pethealth Inc.
    Mark Warren
    President and CEO
    (905) 842-2615
    or
    Pethealth Inc.
    Glen Tennison
    Chief Financial Officer
    (905) 842-2615