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The OurPet's Company Reaches Settlement With Competitor Over OurPetsA® Play-N-SqueakA® Patent

Stocks in this article: OPCO

FAIRPORT HARBOR, Ohio, April 2, 2014 /PRNewswire/ -- The OurPet's Company (OTCBB: OPCO) ( www.ourpets.com), a leading proprietary pet supply company, today announced a patent infringement lawsuit settlement.  In October, 2013, The OurPet's Company filed a patent infringement lawsuit in the United States District Court for the Northern District of Ohio against Rhode Island Textile Company dba Westminster Pet Products, Inc., a pet supply company located in Pawtucket, Rhode Island (Case No. 1:13-cv-2274).  In the lawsuit, The OurPet's Company alleged that Rhode Island engaged in conduct that infringed upon OurPet's Patent Nos. 6,371,053 and 8,474,409 patents, which are for a simulated mouse toy having a prerecorded sound chip and sold by The OurPet's Company under the Play-N-Squeak® label.  The parties recently reached an amicable resolution in which there were no findings or admissions for or against any party.  However, as part of that confidential resolution, Rhode Island agreed to terminate sales of its Prowlin' Mouse cat toy.

The OurPet's Company Logo

About The OurPet's CompanyThe OurPet's Company designs, produces and markets a broad line of innovative, trend-setting, pet products and accessories in the United States and overseas. The OurPet's Company has an extensive intellectual property portfolio of more than 225 patents, which are either issued or in pending status. Investors and customers may visit www.ourpets.com and www.petzonebrand.com for more information about the Company, their products and brands.  

Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the other risks that are described from time to time in OurPet's SEC reports.

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