International Absorbents Rolls Out New Line of Cat Litter; 90 Day Sales Launch Target of 1027 Stores
July 27 2005 - 2:35PM
PR Newswire (US)
International Absorbents Rolls Out New Line of Cat Litter; 90 Day
Sales Launch Target of 1027 Stores FERNDALE, Wash., July 27
/PRNewswire-FirstCall/ -- International Absorbents Inc. (AMEX:IAX),
a leading developer and producer of environmentally-friendly pet
care and industrial products, today announced the roll out of its
new line of Healthy Pet brand cat litter with a sales launch target
of 1027 stores within 90 days. Healthy Pet brand is the Company's
new line of cat litters targeting wholelistic and lifestyle
consumers. The brand includes five different litter products in
recognizably similar packaging, each product emphasizing distinctly
different environmental or performance characteristics. The
Company's national sale force has identified 1027 retail target
outlets in both the pet specialty and grocery distribution channels
in selected West Coast and Northeast markets. Roll out to these
locations is currently underway. "Cat litter offers a new product
category for the Company with good revenue potential in a billion
dollar market," says Gordon L. Ellis, Chairman of International
Absorbents Inc. "Our marketing studies have identified a fast
growing market niche in which our new products can be very
competitive. By focusing our efforts on specific consumer markets
with demographics identified as receptive to our lifestyle brand
positioning, and by partnering with retailers that have a similar
consumer demographics and retailer strategy, we anticipate good
growth in this sector. "Entry into the cat litter market is
consistent with our strategy to focus growth in our existing areas
of expertise, in this case, the animal care products sector. These
cat litters complement our existing animal care products in pet
specialty and give us the opportunity to leverage our bedding
products into mass and grocery customers. The size of the cat
litter market supports the potential to meet and exceed the
Company's current revenues." International Absorbents Inc.
develops, manufactures and markets patented and proprietary, cost
effective consumer and commercial products derived from recycled,
renewable materials. These environmentally safe products outperform
conventional products used in a broad range of consumer and
industrial applications, including retail/commercial pet bedding
and litter, oil and hazardous liquid spill cleanup and control,
oil/water filtration, and packaging. Further information is
available at http://www.absorbent.com/. Contact: Charles (Chuck)
Tait International Absorbents Inc. Toll Free: 866-514-6559 or
604-681-6181 A number of the matters and subject areas discussed in
this press release that are not historical or current facts deal
with potential future circumstances and developments, including
without limitation, statements referring to the Company's future
growth strategies, prospects for the future, potential financial
results, market and product line growth, abilities to enter new
markets, ability to introduce new products, benefits from
infrastructure improvements and the Company's competitiveness and
profitability as a result of new sales and marketing programs, are
forward-looking statements. The words "believe," "expect,"
"intend," "estimate," "assume" and "anticipate," variations of such
words and similar expressions identify forward-looking statements,
but their absence does not mean that a statement is not
forward-looking. The discussion of such matters and subject areas
is qualified by the inherent risks and uncertainties surrounding
future expectations generally, and it is important to note that the
Company's actual results could differ materially from those
projected, due to various risk factors. Those risks include, but
are not limited to contractor performance, newly installed
equipment performance, weather related construction issues,
consumer acceptance of the Company's products at a new location,
competitor reactions and their ability to market and price their
products, general economic conditions outside of the control of the
Company, and the economic availability of sources of raw materials
to meet demand rates necessary to sustain growth. Additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is
contained from time to time in the Company's reports filed with the
SEC, including, but not limited to, the Company's annual report on
Form 10-KSB for the fiscal year ended January 31, 2004 and its
quarterly filings on Form 10-QSB. This press release speaks only as
of its date, and the Company disclaims any duty to update the
information herein DATASOURCE: International Absorbents Inc.
CONTACT: Charles (Chuck) Tait of International Absorbents Inc.,
+1-866-514-6559, or +1-604-681-6181, or Web site:
http://www.absorbent.com/
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