FAIRPORT HARBOR, OH--(Marketwire - August 17, 2010) - OurPet's Company (
Authored by R. Max Bowser, the 34-year old financial newsletter uses fundamental analysis to select and recommend stocks to its national subscriber base. The publication highlights small-cap and micro-cap stocks trading at $3 per share or less. Companies featured in The Bowser Report do not pay for the research and coverage and also do not edit the newsletter's recommendations. Persons interested in requesting a copy of the August 2010 issue of The Bowser Report should contact http://www.thebowserreport.com or call (757) 877-5979.
Dr. Steve Tsengas, Chairman, President and Chief Executive Officer of OurPet's Company, said, "We are honored to be selected by The Bowser Report as the publication's August 2010 Company of the Month. For more than three decades, Max Bowser has successfully identified many small-cap and micro-cap companies that have strong balance sheets, improving fundamentals and are undervalued by the market."
Dr. Tsengas added, "We recently reported record results for the second quarter of 2010. Net revenue increased 24%, gross profit margin improved to 30.5% and net income increased 50% compared to the same period last year. Looking forward, our results should benefit from further implementation of our multi-pronged growth strategy, the recently completed acquisition of certain assets of Cosmic Pet Products, and the introduction of more than 100 new products this year. These actions are expected to position us favorably for the second half of this year and into 2011."
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 for 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.
Forward-looking Statements
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.
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