International Absorbents Wins Petcetera Outstanding Achievement Award
November 20 2007 - 1:50PM
PR Newswire (US)
FERNDALE, Wash., Nov. 20 /PRNewswire-FirstCall/ -- International
Absorbents Inc. (AMEX:IAX), a leading developer and producer of
environmentally-friendly pet care and industrial products, today
announced that its subsidiary, Absorption Corp, has won Petcetera's
First "Outstanding Achievement Award" in the Live Animals and
Supplies Category. Petcetera, Canada's leading pet superstore,
recognized Absorption Corp for initiating a new in-store program
for its live animal habitats, achieving a sales increase of over
50% in 2007, and for strong support of Petcetera's national flyer
program. "We are honored to be recognized for outstanding
achievement by Petcetera, a major player in the growing Canadian
market," stated Gordon L. Ellis, Chairman of International
Absorbents Inc. "More importantly, we are very pleased with the
enthusiastic response our products have received from Petcetera's
customers, resulting in chain-wide sales growth of an impressive
50% in 2007." Petcetera is Canada's leading pet superstore, with 48
locations nationwide. With more than 10,000 pet products in 10,000
to 25,0000 square feet of retail space, Petcetera provides a full
range of pet care services including pet hospitals (Vetcetera), pet
grooming, obedience school, doggy daycares centres, pet photography
and pet licensing. Additional information is available at
http://www.petcetera.ca/. 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.internationalabsorbents.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 and sales results, ability
to improve production capabilities and efficiencies, 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, risks related to
commissioning a new manufacturing plant, newly installed equipment
performance, consumer acceptance of the Company's products,
competitor reactions, the Company's ability to market and price its
products, general economic conditions outside of the control of the
Company, fuel prices, 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-K for the fiscal year ended January 31,
2007 and its quarterly filings on Form 10-Q. 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., toll, free, 1-866-514-6559, or +1-604-681-6181, Web site:
http://www.internationalabsorbents.com/
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