OPCO Announces Sponsorship of 65th Annual BetterInvesting National Convention
Before the opening bell, OurPet’s Company (OTCQX: OPCO) announced its sponsorship of the 65th Annual BetterInvesting National Convention in Chantilly, Virginia. As part of this sponsorship, Dr. Steven Tsengas, chief executive officer of OPCO, and Scott Mendes, the company’s chief financial officer, were given the opportunity to present OurPet’s Company’s corporate story to a group of 450 independent investor club representatives.
“Not every good investment opportunity is inherently right in front of you,” Dr. Tsengas stated in front of a packed audience during his May 21 presentation. “Sometimes you need to explore and search for wise investment opportunities to balance your portfolio; and if you look hard enough, you’ll find well-performing ‘gems’ like OurPet’s Company.”
To view OPCO’s full presentation from the BetterInvesting Convention, visit http://dtn.fm/C5Dja
As one of the few non-retail pure pet plays available to investors, OPCO has been successful in attracting a sizable and diverse investor base. In recent months, the company has leaned on a strong intellectual property portfolio covering roughly 75 percent of all sales to increase its presence in the growing pet industry while further expanding awareness in the investment community. OPCO’s most recent financial results reiterate this progress, as the company reported double-digit year-over-year increases in both net revenue and net income for the three months ended March 31, 2016.
“We just want to get the OurPet’s story out to the investor community,” Scott Mendes stated in this morning’s news release. “Hopefully this presentation and others will help expand our investor base, which is currently comprised of over 600 investors.”
Building on the results of a strong first quarter that included both financial growth and the introduction of the innovative Intelligent Pet Care™ product line at the Global Pet Expo, OurPet’s Company is currently preparing to make a splash in the international pet industry. In an interview with DreamTeamNetwork, Dr. Tsengas stated that OPCO has recently been placing emphasis on increasing recognition of its OurPets® and Pet Zone® brands in South Korea, China and Japan, and the products have already “gained very strong following” in the Asian nations. Tsengas went on to indicate that international sales could be “one of the big positive surprises in 2016,” despite the strength of the U.S. dollar.
OPCO currently leverages a dual-branding strategy, marketing products under the OurPets brand to pet specialty channels and products under the Pet Zone brand to food, drug and mass retail channels. The company has also found success through e-commerce channels, with sales through e-commerce giant Amazon up by 16 percent in 2015, as compared to the previous year. In total, nearly 20 percent of OPCO’s sales are categorized as internet sales.
For more information, visit the company’s website at www.ourpets.com