Compensated Awareness Post View
Disclaimer
OPCO Has Strong Foothold in Growing Pet Products Industry
The pet industry has grown exponentially over the past decade with many pet adoption agencies springing up all over the world, the Westminster Dog Show, and products that have increased the general interest in the health and treatment of pets. Every pet we make a commitment to should be taken care of with the love and affection we would expect from our parents. Giving our dogs names, paying for their training and registering their credentials, and designing a specific diet and routine of exercise for them are prime examples of how much we care about our furrier halves. OurPet’s Company (OTCQX: OPCO) develops, produces and markets various pet accessory and consumable products designed to awaken pets’ natural instincts and build the pet/human relationship, be it in feeding, playing or waste management.
Sold globally through pet specialty retailers (PetSmart and PetCo), food, drug and mass chains (Wal-Mart (NYSE: WMT) and Kroger (NYSE: KR)), e-commerce and international channels, the company’s products are marketed under the OurPets®, Pet Zone® and PetTastic® brands, with well-known sub-brands such as Play-N-Squeak®, Cosmic Catnip™, Durapet®, SmartScoop® and Flappy®. In total, OurPet’s has an intellectual property portfolio featuring more than 160 individual patents, giving the company sustainable access to the pet products industry for the foreseeable future.
Nearly 100 million American households own either a dog or cat, and these families are expected to spend $61 billion in 2015 on their pets alone, according to the American Pet Products Association. With the health conscience consumer segment experiencing rapid growth, it is logical to predict that this type of shopper will want to buy the same type of safe, healthy and innovative products for their pets. In the most recent quarter, OurPet’s reported record revenue of $6 million, which was a 7 percent increase from the comparable quarter of 2014. The company also reported a massive 428 percent jump in net income to $410,450, or $0.02 diluted earnings per share, compared to $77,751, or $0.00, for the comparable quarter of 2014.
For more information, visit the company’s website at www.ourpets.com
