The OurPet's Company Reaches Settlement with Competitor over OurPets®
FAIRPORT HARBOR, Ohio, April 2, 2014
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 Company
The OurPet's Companydesigns, produces and markets a broad line of innovative,
trend-setting, pet products and accessories in the United States and overseas.
TheOurPet'sCompany 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.comfor 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.
Kate Foster 440-354-6500 x103
Logo - http://photos.prnewswire.com/prnh/20140402/CL96977LOGO
SOURCE The OurPet's Company
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