Barring the impact from any major factors beyond its control, OurPet’s strategic business plan calls for annual year over year sales growth of 15%-20% with targeted net income as a % of sales is in the 10%-12% range.
Although past growth has been “organic” or internal, OurPet’s is positioned to pursue growth though strategic acquisitions offering marketing or technology competitive advantages. This optimistic outlook is based on the continued healthy growth of the pet industry, the rapid growth of the company’s key customers such as Walmart, Petsmart, Amazon, and Petco, OurPet’s aggressive development and marketing of proprietary products, the expansion within its current marketing base, penetration into new market segments and the future contributions of OurPet’s experienced, highly motivated team.
There are very limited opportunities for the individual investor to participate in the rapidly growing pet industry because most of the companies in this industry are privately held. PetsMart (retailer) (PETM), Central Garden & Pet (pet products distributor) (CENT) and OurPet’s (OPCO) (proprietary product manufacturer/marketer) represent most of the limited investment vehicles available to the individual investor.OurPet’s began trading in December 2001 under the symbol “OPCO” (OTC BB).
The OurPet’s Company (OTCQX: OPCO)
1300 East Street Fairport Harbor,
OH 44077 USA
Phone: (440) 354-6500
Dr. Steven Tsengas, President/CEO
Scott Mendes, CFO
Office: (512) 758-8877
This page contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements contain the words "projects," "anticipates," "believes," "expects," "intends," "will," "may" and similar words and expressions. Each such statement is subject to uncertainties, risks and other factors that could cause actual results or performance to differ materially from the results or performance expressed in or implied by such statements. The forward-looking statements in this news release that contain projections of the company's expected financial performance and other projections regarding future performance are inherently subject to change, given the nature of projections, and the company's actual performance may be better or worse than projected. Uncertainties, risks and other factors that may cause actual results or performance to differ materially from any results or performance expressed or implied by forward-looking statements in this news release include: (1) the company’s ability to manage its operating expenses and realize operating efficiencies, (2) the company’s ability to maintain and grow its sales with existing and new customers, (3) the company’s ability to retain existing members of its senior management team and to attract additional management employees, (4) the company’s ability to manage fluctuations in the availability and cost of key materials and tools of production, (5) general economic conditions that might impact demand for the company’s products, (6) competition from existing or new participants in the pet products industry, (7) the company’s ability to design and bring to market new products on a timely and profitable basis, (8) challenges to the company’s patents or trademarks on existing or new products, or (9) the company’s ability to secure access to sufficient capital on favorable terms to manage and grow its business. A discussion of other risk factors that may cause actual results to differ from the results expressed in or implied by these forward-looking statements can be found in the company's periodic filings with the SEC. The company disclaims any duty to provide updates to the forward-looking statements and projections made in this news release.