Pethealth Inc.
TSX VENTURE : PTZ

Pethealth Inc.

June 06, 2005 09:10 ET

Pethealth, Inc. named one of Canada's fastest-growing companies in 17th annual PROFIT 100 ranking

OAKVILLE, ONTARIO--(CCNMatthews - June 6, 2005) - Pethealth Inc. ("Pethealth" or the "Company")(TSX VENTURE:PTZ), Canada's largest provider of accident and illness insurance for dogs and cats through it's PetCare™ pet insurance programs, is proud to be ranked # 2 in the 17th Annual PROFIT100 ranking of Canada's Fastest Growing Companies.

Ranking Canada's Fastest - Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT, and online at http://www.PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement. "We're happy to welcome the 2005 PROFIT 100 winners to the most prestigious group of entrepreneurial businesses in Canada," says Ian Portsmouth, editor. "Canada's Fastest-Growing Companies are succeeding by knowing what customers really want, then delivering it."

According to Pethealth's President & CEO, Mark Warren, "It is our vision to become North America's leading provider of pet insurance and integrated health-related information services to the companion animal market. We continue to work toward our vision of bringing unique products and services to veterinarians, shelters and pet owners.

Pethealth has seen significant growth in its core pet health insurance business and is looking to new initiatives to help transform the company into a multi-layered revenue business. This transformation began with the creation of 24PetWatch, a microchip and pet registry/recovery program, resulting in Pethealth becoming the largest provider of microchip technology to veterinary clinics and animal shelters. Revenue from the sale of microchip technology increased by 257% in 2004.

The company continues its transformation with further innovations such as:

24PetMedInfo™, a pet owners database of medical records, which allows pet owners to link their pet's medical records to the pet's unique microchip number. This database enables pet owners to track and store treatments and medications, provide medical records in emergency situations, and can be accessed anytime, from anywhere there is an Internet connection. 24PetMedInfo empowers pet owners to provide the best care for their pets.

PetPoint™, the first web-hosted management software program for animal welfare organizations in North America. PetPoint allows shelters to easily provide Pethealth's own ShelterCare® insurance and 24PetWatch microchip programs electronically at the point of adoption.

EVE™, the first web-based claims submission software for veterinary clinics. This program, the first of its kind in the pet insurance industry in North America, allows claims to be processed online at the veterinary clinic, thus simplifying the claims adjudication process.

CherryBlue™, the next generation of pet insurance programs, which offers greater options for the pet owners to choose the type of coverage they want. The design for the CherryBlue™ pet insurance program is consistent with Mr. Cherry's approach to life. It is straightforward, easy to understand, and will provide considerable benefit to those pet owners like Don who desire to provide the best possible health care for their dogs and cats.

It is a wonderful acknowledgment of the company and its entire staff to be recognized by PROFIT 100, as we are all very committed to meeting the needs of pet owners and the industry professionals who provide services to them."

About PROFIT Magazine:

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT-which currently reaches more than 400,000 readers nationally-hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit http://www.PROFITguide.com.

About Pethealth

Pethealth Inc. (TSXV: PTZ) 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 Inc. (TSXV:PTZ), visit the web site at http://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 C.E.O.
    (905) 842-2615
    or
    Pethealth Inc.
    Glen Tennison
    Chief Financial Officer
    (905) 842-2615
    http://www.pethealthinc.com