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<SEC-DOCUMENT>0000943440-11-000016.txt : 20110125
<SEC-HEADER>0000943440-11-000016.hdr.sgml : 20110125
<ACCEPTANCE-DATETIME>20110125141150
ACCESSION NUMBER:		0000943440-11-000016
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110124
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110125
DATE AS OF CHANGE:		20110125

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:		11546128

	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>pets012411_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
<META NAME="date" CONTENT="01/25/2011">
</HEAD>
<BODY style="margin-top:0;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): January 24, 2011</P>
<A NAME="eolPage2"></A><P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=258.6 /><TD width=11.4 /><TD width=191.2 /><TD width=16.867 /><TD width=241.933 /></TR>
<TR><TD style="margin-top:0px" valign=top width=720 colspan=5><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
<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="margin-top:0px; background-color:#FFFFFF" valign=top width=258.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=11.4><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=191.2><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.867><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=241.933><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=258.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Florida</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=11.4><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=191.2><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>000-28827</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.867><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=241.933><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="margin-top:0px; background-color:#FFFFFF" valign=top width=258.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(State or other jurisdiction<BR>
of incorporation)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=11.4><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=191.2><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.867><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=241.933><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="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>1441 S.W. 29</U></B><B><U><SUP>th</SUP></U></B><B><U> Avenue, &nbsp;Pompano Beach, FL &nbsp;33069</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Address of principal executive offices) (Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>(954) 979-5995</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Registrant&#146;s telephone number, including area code)</P>
<P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>Not Applicable</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial,Times New Roman">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="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=22.733 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; font-family:Arial,Times New Roman">[ &nbsp;]</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; font-family:Arial,Times New Roman">[ &nbsp;]</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; font-family:Arial,Times New Roman">[ &nbsp;]</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; font-family:Arial,Times New Roman">[ &nbsp;]</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">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="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="FIS_OTHER_EVENTS"></A><P style="margin:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top: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,Times New Roman"><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,Times New Roman" align=justify>On January 24, 2011, PetMed Express, Inc. issued a press release announcing its December 31, 2010 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,Times New Roman"><B>Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=72.867 /><TD width=22.733 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=72.867><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">(d)</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Exhibits.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72.867><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72.867><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=22.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">99.1 &#150; Press release dated January 24, 2011</P>
</TD><A NAME="FIS_EXHIBIT_INDEX"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center><B>EXHIBIT INDEX</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=75.733 /><TD width=16.133 /><TD /><TD width=16 /></TR>
<TR><TD style="margin-top:0px" valign=top width=75.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>Exhibit No.</U></P>
</TD><TD style="margin-top:0px" valign=top width=16.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>Description</U></P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=75.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=16.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=75.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">99.1</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Press release dated January 24, 2011</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><A NAME="FIS_SIGNATURES"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman">&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,Times New Roman">Dated: January 25, 2011</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=43.467 /><TD width=317.067 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=360.533 colspan=2><P style="margin:0px; padding-right:2.4px; font-family:Arial,Times New Roman">PETMED EXPRESS, INC.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=43.467><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=317.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=43.467><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">By:</P>
</TD><TD style="margin-top:0px" valign=top width=317.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>/s/ Bruce S. Rosenbloom</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=43.467><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=317.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Bruce S. Rosenbloom</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=43.467><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=317.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Chief Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=43.467><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=317.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR>
<BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>2</P>
<P style="margin:0px"><BR></P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>pets0124118k_ex99z1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
<META NAME="author" CONTENT="Karen Fornash">
<META NAME="date" CONTENT="01/25/2011">
</HEAD>
<BODY style="margin-top:0;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="margin-top:0px; margin-bottom:6.667px; font-family:Arial" align=center><B>PETMED EXPRESS D/B/A 1-800-PETMEDS</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; font-family:Arial" align=center><B>ANNOUNCES ITS THIRD QUARTER FINANCIAL RESULTS</B></P>
<P style="margin:0px; padding-right:12px; font-family:Arial" align=justify>Pompano Beach, Florida, January 24, 2011 - PetMed Express, Inc. (NASDAQ: PETS) today announced its financial results for the quarter ended December 31, 2010. &nbsp;Net sales for the quarter ended December 31, 2010 were $45.1 million, compared to $48.4 million for the quarter ended December 31, 2009, a decrease of 6.7%. &nbsp;Net sales for the nine months ended December 31, 2010 were $180.7 million, compared to $188.0 million for the nine months ended December 31, 2009, a decrease of 3.9%. &nbsp;Net income was $4.5 million, or $0.20 diluted per share, for the quarter ended December 31, 2010, compared to net income of $5.6 million, or $0.25 diluted per share, for the quarter ended December 31, 2009, a 19% decrease to EPS. &nbsp;Net income was $16.7 million, or $0.74 diluted per share, for the nine months ended December 31, 2010, compared to net income of $19.9 million, or $0.88 diluted per share, for the nine months ended December 31, 2
009, a 16% decrease to EPS.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:12px; font-family:Arial" align=justify>Menderes Akdag, President and CEO, commented: &#147;It has been another challenging quarter, due to reduced advertising as a result of tighter television advertising inventory combined with consumers giving greater consideration to price and a softer demand for some of the product categories we offer. Going forward we intend to implement a more aggressive pricing strategy combined with increased advertising, while continuing to expand our product offerings into pet supplies. During the quarter we bought back approximately 66,000 shares of our common stock for $1.0 million, and so far in January we have bought back approximately 101,000 shares of our common stock for $1.6 million. &nbsp;During the quarter we also paid our quarterly dividend of $0.125 per share, an increase of 25% from the prior year. &nbsp;Our cash flows from operations increased to $31.5 million for the nine months ended December 31, 2010 from $28.9 million for the sa
me period the prior year. &#147; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:12px; 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, please 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 10:00 A.M. on January 24, 2011 until February 7, 2011 at 11:59 P.M. &nbsp;To access the replay, call (800) 731-6039 (toll free) or (203) 369-3823, and enter passcode 5500.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:12px; 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 style="color:#0000FF"><U>www.1800petmeds.com</U></FONT>.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:12px; 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, 2010. &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:12px; 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=justify><BR></P>
<P style="margin:0px; padding-right:12px; font-family:Arial" align=center>###</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px; padding-right:12px; font-family:Arial" align=center>Exhibit 99.1 Page 1 of 4</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=482.267 /><TD width=12.667 /><TD width=108.4 /><TD width=12.667 /><TD width=104 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=5><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=5><P style="margin:0px; font-family:Arial; font-size:9pt" align=center><B>(In thousands)</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; font-family:Arial" align=center><B>December 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; font-family:Arial" align=center><B>March 31,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=108.4><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=104><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; font-family:Arial" align=center><B>(Unaudited)</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial" align=center><B><U>ASSETS</U></B></P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Current assets:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>61,254&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>53,143&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Short term investments - available for sale</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>10,077&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accounts receivable, less allowance for doubtful</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounts of $2 and $5, respectively</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>802&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>2,097&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Inventories - finished goods</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>14,885&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>29,064&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>1,848&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>610&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Deferred tax assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>1,543&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>1,255&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Prepaid income taxes</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>871&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>330&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>91,280&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>86,499&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Long term investments</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>12,381&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>12,392&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Property and equipment, net</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>3,739&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>4,429&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Intangible asset</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>860&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>850&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Total assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>108,260&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>104,170&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial" align=center><B><U>LIABILITIES AND SHAREHOLDERS' EQUITY</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Current liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accounts payable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>3,085&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>4,776&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>2,144&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>2,312&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>5,229&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>7,088&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Deferred tax liabilities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>715&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>225&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Total liabilities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>5,944&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>7,313&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Commitments and contingencies</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Shareholders' equity:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Preferred stock, $.001 par value, 5,000 shares authorized;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 convertible shares issued and outstanding with a</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liquidation preference of $4 per share</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>9&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>9&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Common stock, $.001 par value, 40,000 shares authorized;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,783 and 22,990 shares issued and outstanding, respectively</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>23&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>23&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Additional paid-in capital</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>2,628&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Retained earnings</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>102,431&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>94,305&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>(147)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>(108)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>102,316&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>96,857&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=482.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=104><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=482.267><P style="margin:0px; font-family:Arial">Total liabilities and shareholders' equity</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=108.4><P style="margin-top:0px; margin-bottom:-2px; width:106.667px; font-family:Arial; float:left" align=right>108,260&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=12.667><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=104><P style="margin-top:0px; margin-bottom:-2px; width:101.333px; font-family:Arial; float:left" align=right>104,170&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<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; padding-right:12px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 2 of 4</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=327.4 /><TD width=23.467 /><TD width=76.867 /><TD width=23.467 /><TD width=70.267 /><TD width=23.467 /><TD width=76.733 /><TD width=23.467 /><TD width=74.867 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=9><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;CONDENSED CONSOLIDATED STATEMENTS OF INCOME </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;(In thousands, except for per share amounts)(Unaudited) </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=170.6 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Three Months Ended </B></P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=175.067 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Nine Months Ended </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=170.6 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;December 31, </B></P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=175.067 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;December 31, </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=76.867><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=70.267><P style="margin:0px; font-family:Arial" align=center><B>2009</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=76.733><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=74.867><P style="margin:0px; font-family:Arial" align=center><B>2009</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Sales </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>45,118&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>48,353</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>180,732&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>187,969</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Cost of sales </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>28,193&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>29,525</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>114,251&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>116,173</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:
0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Gross profit </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>16,925&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>18,828</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>66,481&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>71,796</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:
0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Operating expenses: </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>5,096&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>4,929</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>17,017&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>17,199</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>4,444&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>5,177</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>21,859&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>22,801</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>358&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>337</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>1,023&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>982</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Total operating expenses </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>9,898&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>10,443</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>39,899&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>40,982</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:
0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Income from operations </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>7,027&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>8,385</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>26,582&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>30,814</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:
0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Other income (expense): </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income, net </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>98&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>46</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>265&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>165</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>(144)</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>1</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>(111)</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>4</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Total other income (expense) </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>(46)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>47</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>154&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>169</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Income before provision for income taxes </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>6,981&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>8,432</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>26,736&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>30,983</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Provision for income taxes </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>2,459&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>2,842</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>10,011&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>11,053</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Net income </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>4,522&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>5,590</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>16,725&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>19,930</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Net income per common share: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin:0px; paddin
g:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>0.20&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>0.25</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>0.74&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>0.88</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>0.20&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>0.25</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>0.74&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>0.88</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=427.733 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;Weighted average number of common shares outstanding: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic </P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>22,506</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>22,649</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>22,614</P>
</TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>22,596</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>22,655</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>22,790</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>22,755</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>22,742</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=327.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=23.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=74.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=327.4><P style="margin:0px; font-family:Arial">&nbsp;Cash dividends declared per common share </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.867><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-family:Arial; float:left" align=right>0.125</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=70.267><P style="margin-top:0px; margin-bottom:-2px; width:66.667px; font-family:Arial; float:left" align=right>0.100</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=76.733><P style="margin-top:0px; margin-bottom:-2px; width:74.667px; font-family:Arial; float:left" align=right>0.350</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=23.467><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=74.867><P style="margin-top:0px; margin-bottom:-2px; width:72px; font-family:Arial; float:left" align=right>0.200</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px; padding-right:12px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 3 of 4</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=455.2 /><TD width=25.467 /><TD width=107 /><TD width=25.467 /><TD width=106.867 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=5><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=720 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;(In thousands) (Unaudited) </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=239.333 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Nine Months Ended </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=239.333 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;December 31, </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=107><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=106.867><P style="margin:0px; font-family:Arial" align=center><B>2009</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from operating activities: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>16,725&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>19,930&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provided by operating activities: </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,023&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>982&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share based compensation </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,606&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,158&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>202&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>118&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bad debt expense </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>30&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>29&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in operating assets </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><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 style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><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 style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,265&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,670&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><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 style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>14,179&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>7,753&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><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 style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(541)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(1,440)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><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 style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(1,238)</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(31)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><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 style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(1,532)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(1,055)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><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 style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(246)</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(206)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Net cash provided by operating activities </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>31,473&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>28,908&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from investing activities: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net change in investments </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(10,104)</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>2,150&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(491)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(853)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of intangible asset </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(10)</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Net cash (used in) provided by investing activities </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(10,605)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>1,297&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from financing activities: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends paid </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(7,933)</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(4,529)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of treasury stock </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(5,225)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the exercise of stock options </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>252&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>574&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Tax benefit related to stock options exercised </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>124&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>226&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax adjustment related to restricted stock </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>25&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Net cash used in financing activities </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(12,757)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>(3,729)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Net increase in cash and cash equivalents </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>8,111&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>26,476&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at beginning of period </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>53,143&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>30,126&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at end of period </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>61,254&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>56,602&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;Supplemental disclosure of cash flow information: </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Cash paid for income taxes </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>10,254&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>12,149&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment purchases in accounts payable </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>259&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>488&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=455.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=107><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=106.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=455.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends payable in accrued expenses </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=107><P style="margin-top:0px; margin-bottom:-2px; width:97.333px; font-family:Arial; float:left" align=right>126</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.467><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=106.867><P style="margin-top:0px; margin-bottom:-2px; width:97.333px; font-family:Arial; float:left" align=right>38</P>
</TD></TR>
</TABLE>
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; padding-right:12px; font-family:Arial" align=center>Exhibit 99.1 Page 4 of 4</P>
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