Pethealth Inc.
TSX : PTZ

Pethealth Inc.

January 21, 2008 09:30 ET

Pethealth Inc. Announces Dividend on Series I 6% Convertible Preference Shares

OAKVILLE, ONTARIO--(Marketwire - Jan. 21, 2008) - The Board of Directors of Pethealth Inc. ("Pethealth" or "the Company") (TSX:PTZ) today announced that they declared a dividend of $0.12 per series I 6% convertible preference shares (the "Convertible Preference Shares"), payable on January 31, 2008 to the holders of record at the close of business on January 18, 2008.

On January 21, 2004, by way of private placement, Pethealth issued 5,000,000 Convertible Preference Shares. Holders of Convertible Preference Shares are entitled to receive cumulative dividends at the fixed rate of 6% per annum, equal to $0.12 per convertible Preference Share.

About Pethealth

Founded in 1999, Pethealth is the second largest provider of pet insurance to pet owners in North America, and 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, ShelterCare, QuickCare, CherryBlue, 24PetWatch, PetPoint, and PawsConnect.com. Pethealth has been named one of Canada's Fastest-Growing Companies in Profit's 100 Ranking for the last three years.

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

Contact Information

  • Pethealth Inc.
    Mark Warren
    President and Chief Executive Officer
    (905) 842-2615
    or
    Pethealth Inc.
    Glen Tennison
    Chief Financial Officer
    (905) 842-2615
    Website: www.pethealthinc.com