News Column

PetVivo Holdings, Inc. Letter to Shareholders

June 9, 2014

PetVivo Holdings, Inc.

MINNEAPOLIS, MN, United States, via eTeligis Inc., 06/09/2014 - - PetVivoHoldings, Inc. (OTCQB:PETV)



Dear Shareholders:



We are very pleased to provide you an update on our recent progress. As you may be awarePetVivorecently entered into a binding term sheet for a merger with our licensing and supply partner Gel-Del Technologies, Inc. Under the agreed upon terms Gel-Del will merge withPetVivoHoldings, Inc. and upon resolution of certain conditions specified as terms, a definitive agreement will consummate the merger.



While the Gel-Del license included an option to merge, both parties agreed that an accelerated path to a merger would maximize shareholder value by providing a strategic inflection point that expands access to capital and accelerates commercialization of both human and animal devices. While this planned merger greatly expands our product pipeline,PetVivoremains committed to a Q4 2014 launch of our first product Kush for the treatment of animal lameness.



Gel-Del Technologies has an extensive patent portfolio in key territories around the world including six issued US Patents. The portfolio not only protects the medical devices but also its materials and method of manufacture.



Gel-Del has completed a successful pivotal US clinical trial using their novel thermoplastic biomaterial as a dermal filler for human cosmetic applications. The randomized, double-blind, multicenter study compared Gel-Del'sCosmetaLifeProduct toRestylane. In addition to meeting the primary efficacy endpoint, more subjects preferredCosmetaLifetoRestylanethrough the study's duration. A summary of the trial information and results can be found on clinicaltrial.gov website:http://clinicaltrials.gov/show/NCT00414544



The dermal filler market is a multi-billion dollar market opportunity. Last month Nestle reported it is paying $1.4 billion in cash for the rights to sellRestylaneand other skin products in the U.S. and Canada. We anticipate entering the dermal filler market 18 to 24 monthspost merger.



While the human market presents some very large opportunities for Gel-Del'snovel devices in the short termPetVivowill continue to focus on the veterinary sector with the launch of the Kush product planned before year-end. We have also established a goal of being listed on NASDAQ within 12 months.



We thank you for your ongoing support and we remain committed to providing ongoing shareholder updates.



Regards,

John Lai

Chief Executive Officer



AboutPetVivo,Inc:

PetVivo, Inc. is a wholly owned subsidiary ofPetVivoHoldings, Inc. (OTCQB:PETV) based in Minneapolis, Minnesota.PetVivois an emerging biomedical device company focused on the licensing and commercialization of innovative medical devices and other therapeutics for pets.



PetVivo, Inc. believes that it can leverage the investments in the human bio-materials and medical device industries to commercialize therapeutics to pets in a capital and time efficient way.PetVivo'sstrategy is to in-license proprietary products from human medical device companies specifically for use in pets. A key component of this strategy is the accelerated timeline to revenues for veterinary medical devices, which enter the market much earlier than the more stringently regulated pharmaceuticals.



The fore-going material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the forward-looking statements. Readers accordingly should not place undue reliance on these forward-looking statements, which do not reflect unknown or unanticipated events or circumstances occurring after the date of these forward-looking statements.



CONTACT:



John Lai

Chief Executive Officer

PetVivoHoldings, Inc.

Email:info@petvivo.com

Phone:612-296-7305





SOURCE:PetVivoHoldings, Inc.




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Source: eTeligis.com


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