OurPet's Company develops, produces and markets various accessory and consumable pet products designed to awaken natural instincts. Sold exclusively through pet specialty retailers, the company's products are marketed under a collection of industry-leading brand names – including OurPets®, Pet Zone®, Play-N-Squeak™, Cosmic Catnip™, Go! Cat! Go!® and Clipnosis. In total, OurPet's has an intellectual property portfolio featuring more than 225 individual patents, giving the company sustainable access to the pet products industry for the foreseeable future.
In recent years, the U.S. pet products and services market has experienced strong growth, with total sales accounting for approximately $73 billion in 2014, according to a report by Packaged Facts. In 2015, this strong performance is expected to continue, building on the recent rise in related ecommerce purchases, as well as an uptick in dog and cat ownership throughout the country. In order to capitalize on this market performance, OurPet's has continued to expand upon its product line in recent months, introducing both the Catty Whack® and the Zoom Plume™ products at the Las Vegas SuperZoo convention for pet retailers.
The company's capitalization strategy is guided by a management team of experienced industry professionals dedicated to further strengthening its product portfolio through aggressive development of innovative products. Management has a proven track-record of leveraging deep knowledge in the innovation, technology, distribution and pet markets to successfully push through adverse market conditions to achieve increases in revenue, margins and net income.
OurPet's, through its innovative and extensive line of popular pet products, is in a favorable strategic position to continue building upon its recent market growth. For prospective shareholders, this positioning makes the company an intriguing investment opportunity in the months to come. Look for OurPet's to capitalize on steady market performance moving forward, providing an opportunity for the company to realize strong investor returns in the future.