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Pet DRx Joins Russell Microcap Index
BRENTWOOD, Tenn.--(BUSINESS WIRE)--
Pet DRx, Inc. (NASDAQ:VETS) today announced that the Company was
added to the Russell Microcap Index on June 27, 2008, when
Russell Investments reconstituted its family of U.S. indexes.
"We are very pleased that Pet DRx has been included in the
Russell Microcap Index," commented Bob Wallace, the Company's
chief executive officer. "Our addition to this widely recognized
index will provide Pet DRx with a higher profile in the
investment community and increased exposure to institutional
investors."
Membership in the Russell Microcap Index remains in place for
one year. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks
for both passive and active investment strategies. An
industry-leading $4.4 trillion in assets are currently
benchmarked to Russell indexes. Annual reconstitution of Russell
indexes captures the 4,000 largest U.S. stocks as of the end of
May, ranking them by total market capitalization to create the
Russell 3000 Index, the Russell 2000 Index and Russell Microcap
Index. The Microcap Index includes the smallest 1,000 members of
the Russell 2000, and the next 1,000 smallest stocks by market
capitalization.
About Pet DRx
Pet DRx Corporation, headquartered in Brentwood, Tennessee,
provides veterinary primary care and specialized services to
companion animals through a network of fully-owned veterinary
hospitals. The Company currently owns and operates 26 leading
veterinary hospitals in the state of California, which it has
organized into unique, regional "hub and spoke" networks. Pet
DRx provides a full range of general medical treatments for
companion animals, including (i) preventive care, such as
examinations, vaccinations, spaying/neutering and dental care
and (ii) a broad range of specialized diagnostic and medical
services, such as internal medicine, surgery, cardiology,
ophthalmology, dermatology, oncology, neurology, x-ray,
ultrasound and other services.
SAFE HARBOR STATEMENT
Certain statements and information included in this press
release, including statements as to the potential benefits of
being included in the Russell Microcap Index, and to the
expected operations of the Company, its prospects for growth,
and future product and service offerings constitute
"forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ
materially, including, but not limited to, the ability of the
Company to successfully acquire, integrate and operate
veterinary hospitals and clinics, requirements or changes
affecting the businesses in which the Company is engaged,
veterinary services trends, including factors affecting supply
and demand, dependence on acquisitions for growth, labor and
personnel relations, changing interpretations of generally
accepted accounting principles and other risks detailed from
time to time in the Company's SEC reports, including its Current
Report on Form 8-K, as amended, filed on April 4, 2008, its
Registration Statement on Form S-4, as amended, filed on
November 8, 2007, and its quarterly report on Form 10Q for the
period ending March 31, 2008. These forward-looking statements
speak only as of the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements.
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