OAKVILLE, ONTARIO -- (Marketwired) -- 06/25/13 -- Pethealth Inc. (TSX: PTZ) ("Pethealth" or "the Company"), North America's leading provider of animal management software, microchip identification for companion animals, and pet health insurance, is pleased to announce that the total animals in the inventory of animal welfare organizations ("AWOs") utilizing the company's PetPoint data management system passed the 400,000 threshold on June 19, 2013. As a hosted application, the Company aggregates more data on both the animals in the care of AWOs as well as animals adopted to the public than any other company.
In surpassing the 400,000 plateau, the Company reported that it had 212,271 cats, 175,482 dogs and 12,257 other animals, including birds, rabbits, reptiles and other exotic animals in inventory. In 2012, total animals in inventory peaked at 373,012 on October 12, 2012. Animals in inventory of shelters generally peak in late 3rd quarter or early 4th quarter each year.
"To directly affect the lives of 400,000 animals is truly a remarkable achievement for PetPoint and we heartily congratulate them on this significant milestone," said Robert Ramin, President and Chief Executive Officer of the Washington Animal Rescue League in Washington, D.C. "The PetPoint system is a crucial tool for animal welfare organizations like ours, and we rely heavily on PetPoint to identify, care and adopt animals effectively and efficiently. The PetPoint application has been invaluable in streamlining our shelter operations and identifying our inventory, allowing us to focus more of our resources on increasing adoptions and place a record number of animals in forever homes the past two years. Simply stated, without PetPoint, we could not save as many lives as we do."
The Company's ability to aggregate data, including products purchased and used by AWOs in their day-to-day operations has allowed the Company to become a leading distributor for companion animal product manufacturers including Allflex USA Inc., Velcera, Inc. (now owned by Perrigo Company) and Mars Symbioscience.
The Company's position as the largest aggregator of shelter data has also made it the most trusted source within the Wall Street community for shelter data. On the third Monday of each month, the Company publishes its PetPoint Report which tracks all the significant trends in animal welfare. Reports can be viewed by visiting www.petpoint.com.
Increasingly banking analysts are focusing on trends in the animal welfare industry, including pet adoption, to better determine the valuations of those publicly traded companies they follow whose operations in whole or in part are focused on the companion animal marketplace. Bank of America Merrill Lynch, CL King & Associates, Robert W. Baird & Co., Nomura Equity Research, UBS Investment Research and Cleveland Research Company represent the growing number of financial institutions that now rely on the Company's monthly PetPoint Reports. It is estimated that 30% of new pet acquisitions are now completed via animal welfare organizations.
PetPoint also powers the Company's industry leading Petango.com network, including the only adoptable search website with live feeds of all animals posted as available for adoption. Updates to available animals and their profiles on Petango.com occur on average within 5 seconds of the change being effected in PetPoint. As a result of this unique capability the network has received an average of over 900,000 unique visitors per month in 2013, an increase of over 7% YoY. Petango.com was the second largest adoptable pet site in the world in terms of unique visitors in May 2013 according to comScore.
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