PETMED EXPRESS ANNOUNCES 1ST QUARTER SALES RESULTS
Pompano Beach, Florida, July 17, 2001 --- PetMed Express, Inc. (OTCBB: PETS) today announced its sales results for the 1st quarter ending June 30, 2001. Unaudited sales for the quarter were approximately $5.3 million, an increase of 100% over sales of $2.6 million for the same quarter in fiscal year 2000. PetMed Express also reported new customer growth of approximately 39,000 new customers in the 1st quarter 2001.
Mendo Akdag, CEO, announced, "We are very excited with the large increase in sales this quarter. The business model is working, and we will continue to move forward with our growth plan and focus on customer acquisition. We expect to show operating losses while we invest heavily in advertising to acquire new customers."
Founded in 1996, PetMed Express is America’s largest pet pharmacy, marketing prescription and non-prescription pet medications, health and nutritional supplements at competitive prices through the PetMed Express catalog, telemarketing sales representatives, and on the Internet through its website at www.1888PetMeds.com.
This press release contains forward-looking statements, which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in PetMed Express' filings with the Securities and Exchange Commission.
Contact PetMed Express, Inc., Pompano Beach, Mendo Akdag, CEO, 954-979-5995.