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Press Release 12/23/2008
Return to Press Releases
Pet DRx Corporation
Harry L. Zimmerman, Chief Financial Officer
(hzimmerman@petdrx.com)
(615) 369-1914 – www.petdrx.com
ZUBEEN SHROFF RESIGNS FROM PET DRX BOARD
BRENTWOOD, Tenn., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Pet DRx
Corporation (NasdaqCM:VETS - News) today announced that Zubeen
Shroff has resigned as a member of the Company's Board of
Directors effective December 17, 2008 in order to devote more
time to his duties as Managing Director of Galen Partners. Mr.
Shroff has served as Vice Chairman of the Board of Directors
since January 2008 and was Chair of the Company's Compensation
Committee.
"It has been my privilege to serve on the Board of Pet DRx,''
said Mr. Shroff. ``I look forward to continuing to be involved
with the company and currently plan to remain a significant
shareholder for the foreseeable future.'' ``Pet DRx has been
fortunate to have Zubeen Shroff as a director and the Board
thanks him for his many contributions to our company over the
past year,'' commented Gene Burleson, Chairman and Chief
Executive Officer of Pet DRx.
About Pet DRx
Pet DRx Corporation provides veterinary primary care and
specialized services to companion animals through a network of
fully-owned veterinary hospitals. The Company currently owns and
operates 23 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 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 reports
on Form 10-K and 10-Q, as well as its Current Report on Form
8-K/A filed on April 4, 2008, and the foregoing information
should be read in conjunction with these filings. These
forward-looking statements speak only as of the date hereof and
the Company disclaims any intention or obligation to update or
revise any forward-looking statements, either as a result of new
information, future events or otherwise.
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