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<SEC-DOCUMENT>0000943440-08-000458.txt : 20081021
<SEC-HEADER>0000943440-08-000458.hdr.sgml : 20081021
<ACCEPTANCE-DATETIME>20081021115201
ACCESSION NUMBER:		0000943440-08-000458
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081013
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081021
DATE AS OF CHANGE:		20081021

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETMED EXPRESS INC
		CENTRAL INDEX KEY:			0001040130
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
		IRS NUMBER:				650680967
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28827
		FILM NUMBER:		081132840

	BUSINESS ADDRESS:	
		STREET 1:		1441 SW 29 AVENUE
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
		BUSINESS PHONE:		9549794788

	MAIL ADDRESS:	
		STREET 1:		1441 SW 29 AVENUE
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k101308er.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>IMPAX LABORATORIES INC (Form: 8-K, Received: 01/08/2007 14:15:22)</TITLE>
<META NAME="author" CONTENT="EDGAR Online HTML to RTF Converter. Version 3.0">
<META NAME="date" CONTENT="10/21/2008">
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<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="eolPage1"></A><P style="margin:0px">&nbsp;<A NAME="FIS_TOP_OF_DOCUMENT"></A>&nbsp;<A NAME="B416715_8K_HTM"></A>&nbsp;<A NAME="FIS_FORM"></A>&nbsp;<A NAME="FIS_UNIDENTIFIED_TABLE"></A></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>FORM 8-K</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center>Date of report (Date of earliest event reported): October 20, 2008</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=24.267></TD><TD width=129.333></TD><TD width=153.6></TD><TD width=153.6></TD><TD width=153.6></TD><TD width=153.6></TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733 colspan=5><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>PetMed Express, Inc.<BR>
</U></B> (Exact name of registrant as specified in its charter)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=153.6 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=153.6 colspan=2><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Florida</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>000-28827</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>65-0680967</U></B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=153.6 colspan=2><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(State or other jurisdiction<BR>
of incorporation)</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=768></TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>1441 S.W. 29<SUP>th</SUP> Avenue, &nbsp;Pompano Beach, FL &nbsp;33069</U></B></P>
</TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Address of principal executive offices) (Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=751.4></TD><TD width=16.6></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>(954) 979-5995</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Registrant&#146;s telephone number, including area code)</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=768></TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Not Applicable</U></B></P>
</TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin-top:12.533px; margin-bottom:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=24.267></TD><TD width=743.733></TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<A NAME="eolPage2"></A><A NAME="FIS_OTHER_EVENTS"></A><P style="line-height:11.25pt; margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:0.05pt; margin:0px; page-break-before:always"><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial"><B>Item 8.01&nbsp;&nbsp;&nbsp;Other Events.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:24px; font-family:Arial" align=justify>On October 20, 2008, PetMed Express, Inc. issued a press release announcing its September 30, 2008 quarter end financial results. &nbsp;A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial"><B>Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:1.067px; text-indent:77.733px; font-family:Arial">(d)</P>
<P style="margin:0px; padding-right:1.067px; text-indent:101.933px; font-family:Arial">Exhibits.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:1.067px; text-indent:77.733px">&nbsp;</P>
<P style="margin:0px; padding-right:1.067px; text-indent:101.933px">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:1.067px; text-indent:77.733px">&nbsp;</P>
<P style="margin:0px; padding-right:1.067px; text-indent:101.933px; font-family:Arial">99.1 &#150; Press release dated October 20, 2008.</P>
<A NAME="FIS_EXHIBIT_INDEX"></A><P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>EXHIBIT INDEX</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=80.8></TD><TD width=17.133></TD><TD width=652.933></TD><TD width=17.133></TD></TR>
<TR><TD valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial"><U>Exhibit No.</U></P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial"><U>Description</U></P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial">99.1</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial">Press release dated October 20, 2008</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><A NAME="FIS_SIGNATURES"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>SIGNATURES</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial">Dated: October 21, 2008</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<DIV align=right><TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=383.333></TD><TD width=46.4></TD><TD width=338.267></TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=384.667 colspan=2><P style="margin:0px; padding-right:2.4px; font-family:Arial">PETMED EXPRESS, INC.</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">By:</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial"><U>/s/ Bruce S. Rosenbloom</U></P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">Name:</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">Bruce S. Rosenbloom</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">Title:</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">Chief Financial Officer</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
</TABLE></DIV>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center>2</P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR>
<BR></P>
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<TYPE>EX-99.1
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<FILENAME>form8k101308erexh991.htm
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<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 99</TITLE>
<META NAME="author" CONTENT="Karen Fornash">
<META NAME="date" CONTENT="10/21/2008">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:1.067px; font-family:Arial" align=right>Exhibit 99.1</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; padding-left:-24px; padding-right:-24px; font-family:Arial; font-size:11pt" align=center><B>PETMED EXPRESS D/B/A 1-800-PETMEDS</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; padding-left:-24px; padding-right:-24px; font-family:Arial; font-size:11pt" align=center><B>ANNOUNCES SECOND QUARTER FINANCIAL RESULTS</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; padding-left:-24px; padding-right:-24px; font-family:Arial; font-size:11pt" align=center><B><I>Earnings Increase 33% to $0.25 Diluted Per Share</I></B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; padding-left:-24px; padding-right:-24px; font-family:Arial; font-size:11pt" align=center><B><I>Net Sales Increase 16% to $59.6 Million</I></B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; padding-left:-24px; padding-right:-24px; font-family:Arial; font-size:11pt" align=center><B><I>Reorder Sales Increase 18%</I></B></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>Pompano Beach, Florida, October 20, 2008 - PetMed Express, Inc. (NASDAQ: PETS) today announced its financial results for the quarter ended September 30, 2008. &nbsp;Net income was $5.8 million or $0.25 diluted per share for the quarter ended September 30, 2008, compared to net income of $4.5 million or $0.18 diluted per share for the quarter ended September 30, 2007, an increase to earnings per share of 33%. &nbsp;For the six months ended September 30, 2008, net income was $12.4 million or $0.53 diluted per share compared to net income of $10.7 million or $0.44 diluted per share for the six months ended September 30, 2007, an increase to earnings per share of 20%. &nbsp;Net sales for the quarter ended September 30, 2008 were $59.6 million, compared to $51.5 million for the quarter ended September 30, 2007, an increase of 16%. &nbsp;Net sales for the six months ended September 30, 2008 were $127.9 million, compared to $110.6 million for
 the six months ended September 30, 2007, also an increase of 16%.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>Menderes Akdag, President and CEO, commented: &#147;We are pleased to report that we had a highly profitable quarter by reducing operating expenses as a percentage of sales by 200 basis points compared to the same quarter last year. Our reorder sales increased by 18%, from $35.0 million to $41.4 million for the quarters ended September 30, 2007 and 2008, respectively, and for the six months ended September 30, 2008 our reorder sales increased by 17%, to $87.6 million, compared to $75.0 million for the six months in the prior year. &nbsp;Our new order sales increased by 11% to $18.2 million for the quarter ended September 30, 2008, compared to $16.5 million for the same quarter the prior year. &nbsp;We are also pleased to report that our net cash from operations increased by 45% to $18.7 million for the six months ended September 30, 2008 from $12.8 million for the same period the prior year. &nbsp;Our continuing focus will be on captur
ing additional market share, and improving reorders and our customer service levels in fiscal 2009. &nbsp;Additionally, the Company repurchased approximately 90,000 shares of its outstanding common stock for approximately $1.1 million during the second quarter of fiscal 2009.&#148;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>This morning at 8:30 A.M. Eastern Time, Mr. Akdag will host a conference call to review the quarter&#146;s financial results. &nbsp;To access the call which is open to the public, dial (888) 455-1758 (toll free) or (210) 234-0009. &nbsp;Callers will be required to supply PETMEDS as the passcode. &nbsp;For those unable to participate in the live event, the call will be available for replay from 10 A.M. on October 20, 2008 until November 3, 2008 at 10:59 P.M. &nbsp;To access the replay, call (866) 462-8984 (toll free) or (203) 369-1369, and enter passcode 5500.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>Founded in 1996, PetMed Express is America&#146;s Largest Pet Pharmacy, delivering prescription and non-prescription pet medications and other health products for dogs, cats, and horses at competitive prices direct to the consumer through its 1-800-PetMeds toll free number and on the Internet through its website at <FONT COLOR=#0000FF><U>www.1800petmeds.com</U></FONT>.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>This press release may contain &#147;forward-looking&#148; statements, as defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, that involve a number of risks and uncertainties, including the Company&#146;s ability to meet the objectives included in its business plan. &nbsp;Important factors that could cause results to differ materially from those indicated by such &#147;forward-looking&#148; statements are set forth in Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations in the PetMed Express Annual Report on Form 10-K for the year ended March 31, 2008. &nbsp;The Company&#146;s future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-Q and its Annual Report on Form 10-K.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>For investment relations contact PetMed Express, Inc., Bruce S. Rosenbloom, CFO, 954-979-5995.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=center>###</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px; font-family:Arial" align=center>Exhibit 99.1 Page <FONT FACE="Times New Roman">1</FONT> of <FONT FACE="Times New Roman">4</FONT></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=452.667></TD><TD width=22.933></TD><TD width=108.933></TD><TD width=22.933></TD><TD width=85.933></TD></TR>
<TR><TD valign=bottom width=693.4 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES</B></P>
</TD></TR>
<TR><TD valign=bottom width=693.4 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></P>
</TD></TR>
<TR><TD valign=bottom width=693.4 colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=center><B>September 30,</B></P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=center><B>March 31,</B></P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=center><B>2008</B></P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=center><B>2008</B></P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=center><B>(UNAUDITED)</B></P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial" align=center><B><U>ASSETS</U></B></P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Current assets:</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>28,967,135&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>20,267,829&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Temporary investments</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>23,625,000&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>4,780,000&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accounts receivable, less allowance for doubtful</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounts of $41,340 and $32,040, respectively</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>2,030,071&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>1,575,263&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Inventories - finished goods</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>14,583,895&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>17,909,549&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>1,415,362&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>691,859&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Income taxes receivable</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>517,967&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>71,139,430&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>45,224,500&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Long term investments</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>14,650,000&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>24,740,000&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Property and equipment, net</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>1,940,566&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>1,903,294&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Deferred income taxes</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>1,179,152&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>1,221,853&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Intangible asset</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>365,000&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>365,000&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Total assets</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>89,274,148&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>73,454,647&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial" align=center><B><U>LIABILITIES AND SHAREHOLDERS' EQUITY</U></B></P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Current liabilities:</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accounts payable</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>7,900,669&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>4,358,774&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Income taxes payable</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>-&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>185,243&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>2,068,272&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>1,876,655&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Total liabilities</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>9,968,941&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>6,420,672&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Commitments and contingencies</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Shareholders' equity:</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Preferred stock, $.001 par value, 5,000,000 shares authorized;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500 convertible shares issued and outstanding with a</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liquidation preference of $4 per share</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>8,898&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>8,898&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Common stock, $.001 par value, 40,000,000 shares authorized;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,772,528 and 23,734,067 shares issued, respectively</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>23,773&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>23,734&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Additional paid-in capital</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>8,190,887&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>8,396,277&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Retained earnings</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>71,081,649&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>58,639,343&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Less treasury stock, at cost; 0 and 3,100 shares, respectively</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>-&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>(34,277)</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>79,305,207&nbsp;</P>
</TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>67,033,975&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=452.667><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=108.933><P>&nbsp;</P></TD><TD valign=bottom width=22.933><P>&nbsp;</P></TD><TD valign=bottom width=85.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=452.667><P style="margin:0px; font-family:Arial">Total liabilities and shareholders' equity</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=108.933><P style="margin:0px; font-family:Arial" align=right>89,274,148&nbsp;</P>
</TD><TD valign=bottom width=22.933><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=85.933><P style="margin:0px; font-family:Arial" align=right>73,454,647&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px; font-family:Arial" align=center>Exhibit 99.1 Page <FONT FACE="Times New Roman">2</FONT> of <FONT FACE="Times New Roman">4</FONT></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=273.6></TD><TD width=15></TD><TD width=79.933></TD><TD width=15></TD><TD width=79.933></TD><TD width=15></TD><TD width=96.067></TD><TD width=15></TD><TD width=96.067></TD></TR>
<TR><TD valign=bottom width=685.6 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES </B></P>
</TD></TR>
<TR><TD valign=bottom width=685.6 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;CONSOLIDATED STATEMENTS OF INCOME </B></P>
</TD></TR>
<TR><TD valign=bottom width=685.6 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;(UNAUDITED) </B></P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=174.867 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Three Months Ended </B></P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=207.133 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Six Months Ended </B></P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=174.867 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;September 30, </B></P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=207.133 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;September 30, </B></P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=center><B>2008</B></P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=center><B>2007</B></P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=center><B>2008</B></P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Sales </P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>59,569,141&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>&nbsp;$ </P>
</TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>51,537,197&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>127,935,824&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>110,564,432&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Cost of sales </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>36,710,850&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>31,882,937&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>79,287,231&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>68,214,788&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Gross profit </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>22,858,291&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>19,654,260&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>48,648,593&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>42,349,644&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Operating expenses: </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>5,617,034&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>5,344,320&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>11,429,248&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>10,959,786&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>8,659,586&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>8,072,127&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>18,719,709&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>16,554,908&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>162,076&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>151,715&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>317,628&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>279,649&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Total operating expenses </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>14,438,696&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>13,568,162&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>30,466,585&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>27,794,343&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Income from operations </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>8,419,595&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>6,086,098&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>18,182,008&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>14,555,301&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Other income: </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income, net </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>352,403&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>481,051&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>661,718&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>873,253&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>169,068&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>193,274&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>329,451&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>424,930&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Total other income </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>521,471&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>674,325&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>991,169&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>1,298,183&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Income before provision for income taxes </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>8,941,066&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>6,760,423&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>19,173,177&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>15,853,484&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Provision for income taxes </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>3,119,969&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>2,234,697&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>6,730,871&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>5,144,674&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Net income </P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>5,821,097&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>&nbsp;$ </P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>4,525,726&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>12,442,306&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>10,708,810&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;Net income per common share: </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic </P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>0.25&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>&nbsp;$ </P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>0.19&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>0.53&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>0.44&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted </P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>0.25&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>&nbsp;$ </P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>0.18&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>0.53&nbsp;</P>
</TD><TD valign=bottom width=15><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>0.44&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=368.533 colspan=3><P style="margin:0px; font-family:Arial" align=right>Weighted average number of common shares outstanding:</P>
<P style="margin:0px; font-family:Arial" align=right>&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=79.933><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD valign=bottom width=96.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>23,485,477&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>24,214,543&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>23,504,284&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>24,182,110&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=273.6><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted </P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>23,669,854&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=79.933><P style="margin:0px; font-family:Arial" align=right>24,467,039&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>23,670,893&nbsp;</P>
</TD><TD valign=bottom width=15><P>&nbsp;</P></TD><TD style="border-bottom:3px double #000000" valign=bottom width=96.067><P style="margin:0px; font-family:Arial" align=right>24,401,570&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px; font-family:Arial" align=center>Exhibit 99.1 Page <FONT FACE="Times New Roman">3</FONT> of <FONT FACE="Times New Roman">4</FONT></P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR style="font-size:0"><TD width=383.4></TD><TD width=24></TD><TD width=98.933></TD><TD width=24></TD><TD width=99></TD></TR>
<TR><TD valign=bottom width=629.333 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES</B></P>
</TD></TR>
<TR><TD valign=bottom width=629.333 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
</TD></TR>
<TR><TD valign=bottom width=629.333 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;(UNAUDITED) </B></P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=221.933 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Six Months Ended </B></P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=221.933 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;September 30, </B></P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=center><B>2008</B></P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from operating activities: </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>12,442,306&nbsp;</P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>10,708,810&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provided by operating activities: </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>317,628&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>279,649&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share based compensation </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>679,785&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>792,637&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>42,701&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(344,981)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bad debt expense </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>39,288&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>22,870&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in operating assets </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and increase (decrease) in liabilities: </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(494,096)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(188,791)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories - finished goods </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>3,325,654&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>1,136,121&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid income taxes </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(517,967)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(1,207,496)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(723,503)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>102,244&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>3,541,895&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>1,421,929&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes payable </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(185,243)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(229,321)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>191,617&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>356,318&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Net cash provided by operating activities </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>18,660,065&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>12,849,989&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from investing activities: </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net change in investments </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(8,755,000)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(5,725,000)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(354,900)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(314,200)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Net cash used in investing activities </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(9,109,900)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(6,039,200)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from financing activities: </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of treasury stock </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(2,191,976)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>(2,504,056)</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the exercise of stock options </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>1,230,738&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>2,585,593&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Tax benefit related to stock options exercised </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>110,379&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>181,473&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Net cash (used in) provided by financing activities </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>(850,859)</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>263,010&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Net increase in cash and cash equivalents </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>8,699,306&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>7,073,799&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at beginning of period </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>20,267,829&nbsp;</P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>316,470&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at end of period </P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>28,967,135&nbsp;</P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>7,390,269&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;Supplemental disclosure of cash flow information: </P>
</TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Cash paid for income taxes </P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>7,281,000&nbsp;</P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>6,745,000&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=383.4><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=98.933><P>&nbsp;</P></TD><TD valign=bottom width=24><P>&nbsp;</P></TD><TD valign=bottom width=99><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=383.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Retirement of treasury stock </P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=98.933><P style="margin:0px; font-family:Arial" align=right>2,226,253&nbsp;</P>
</TD><TD valign=bottom width=24><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=99><P style="margin:0px; font-family:Arial" align=right>2,452,956&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px; font-family:Arial" align=center>Exhibit 99.1 Page <FONT FACE="Times New Roman">4</FONT> of <FONT FACE="Times New Roman">4</FONT></P>
<P style="margin:0px"><BR></P>
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