Contact Information: CONTACT: OurPet's Company Dr. Steven Tsengas (440) 354-6500 (Ext. 111) INVESTOR RELATIONS: Robert A. Lentz and Associates, Inc. Robert Lentz (614) 876-2000
OurPet's Reaches Settlement With Another Competitor Over OurPet's Play 'N Squeak Patent
| Quelle: OurPet's Company
FAIRPORT HARBOR, OH--(Marketwire - November 4, 2009) - OurPet's Company (OTCBB : OPCO )
(www.ourpets.com), a leading proprietary pet supply company, today
announced a patent infringement settlement.
In June 2009, OurPet's filed a patent infringement lawsuit in the United
States District Court for the Northern District of Ohio against Multipet
International, Inc., a pet supply company located in Moonachie, New Jersey
(Case No. 1:09-cv-1458). In the lawsuit, OurPet's alleged that Multipet
engaged in conduct that infringed upon OurPet's 6,371,053 ('053) patent,
which is for a simulated mouse toy having a prerecorded sound chip and sold
by OurPet's under the Play-N-Squeak® label. The parties recently reached
an amicable resolution in which there were no findings or admissions for or
against any party. As part of that resolution, OurPet's was financially
compensated and Multipet agreed to terminate sales of its Look Who's
Talking™ for cat pet mouse toy after an agreed wind-down period.
Multipet further admitted to the validity of the OurPet's patent in suit.
OurPet's was represented by lead counsel David A. Welling of Choken &
Welling, LLP, Akron, Ohio, and Multipet was represented by lead counsel
Randy Friedberg, White and Williams LLP, New York, NY.
About OurPet's Company
OurPet's designs, produces and markets a broad line of innovative,
high-quality accessory and consumable pet products in the U.S. and
overseas. Investors and customers may visit www.ourpets.com more
information about the Company and its products. The Company's websites
include: www.smartscoop.com, www.ecopurenaturals.com, www.playnsqueak.com,
and www.flappydogtoys.com.
Certain of the matters set forth in this press release are forward-looking
and involve a number of risks and uncertainties. Among the factors that
could cause actual results to differ materially are the following: business
conditions and growth in the industry; general economic conditions;
addition or loss of significant customers; the loss of key personnel;
product development; competition; risks of doing business abroad; foreign
government regulations; fluctuations in foreign rates; rising costs for raw
materials and the unavailability of sources of supply; the timing of orders
booked; and the other risks that are described from time to time in
OurPet's SEC reports.