Pethealth Inc.
TSX VENTURE : PTZ

Pethealth Inc.

January 23, 2006 16:39 ET

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

OAKVILLE, ONTARIO--(CCNMatthews - Jan. 23, 2006) - Pethealth Inc. (TSX VENTURE:PTZ) -

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

The Board of Directors of Pethealth Inc. ("Pethealth" or "the Company") (TSX VENTURE: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, 2006 to the holders of record at the close of business on January 20, 2006.

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

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 Inc. (TSX VENTURE:PTZ), 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.
    Mark Warren
    President and Chief Executive Officer
    (905) 842-2615
    or
    Pethealth Inc.
    Glen Tennison
    Chief Financial Officer
    (905) 842-2615