<SEC-DOCUMENT>0000943440-11-000370.txt : 20110719
<SEC-HEADER>0000943440-11-000370.hdr.sgml : 20110719
<ACCEPTANCE-DATETIME>20110719115204
ACCESSION NUMBER:		0000943440-11-000370
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110718
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110719
DATE AS OF CHANGE:		20110719

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:		11974321

	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>pets071811_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Form 8-K</TITLE>
<META NAME="author" CONTENT="Karen Fornash">
<META NAME="date" CONTENT="07/19/2011">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="FIS_TOP_OF_DOCUMENT"></A><A NAME="B416715_8K_HTM"></A><A NAME="FIS_FORM"></A><A NAME="FIS_UNIDENTIFIED_TABLE"></A><P style="margin:0px"><BR></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): July 18, 2011</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<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=153.6 /><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768 colspan=5><P style="margin:0px; padding-right:1.067px; font-family:Arial; font-size:12pt" align=center><B><U>PetMed Express, Inc.<BR>
</U></B><FONT style="font-size:10pt"> (Exact name of registrant as specified in its charter)</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><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=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>000-28827</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>65-0680967</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><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=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="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=768 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768><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, Pompano Beach, FL &nbsp;33069</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=768><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></P>
<P style="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=751.4 /><TD width=16.6 /></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=751.4><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><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.6><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=751.4><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>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="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=768 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768><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 width=768><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:12.533px; margin-bottom:0px"><BR></P>
<P style="margin-top:12.533px; 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>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267 /><TD width=743.733 /></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Arial,Times New Roman">[ ]</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><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=24.267><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=743.733><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=24.267><P style="margin:0px; font-family:Arial,Times New Roman">[ ]</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><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=24.267><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=743.733><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=24.267><P style="margin:0px; font-family:Arial,Times New Roman">[ ]</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><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=24.267><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=743.733><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=24.267><P style="margin:0px; font-family:Arial,Times New Roman">[ ]</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><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><A NAME="eolPage2"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px"><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style=page-break-before:always;margin-top:0;margin-bottom:-4pt;font-size:4pt /><P style=margin-top:12.533px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Arial,Times New Roman; float:left"><B>Item 8.01</B></P>
<P style="margin:0px; text-indent:-2px; font-family:Arial,Times New Roman"><B>Other Events.</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:24px; font-family:Arial,Times New Roman" align=justify>On July 18, 2011, PetMed Express, Inc. issued a press release announcing its June 30, 2011 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:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Arial,Times New Roman; float:left"><B>Item 9.01</B></P>
<P style="margin:0px; text-indent:-2px; font-family:Arial,Times New Roman"><B>Financial Statements and Exhibits.</B></P>
<P style="line-height:11.25pt; margin:0px; clear:left"><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 width=624.4 /></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 width=624.4><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 width=624.4><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 width=624.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">99.1 &#150; Press release dated July 18, 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 width=612.133 /><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 width=612.133><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 width=612.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top 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 width=612.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Press release dated July 18, 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; text-indent:48px; font-family:Arial,Times New Roman">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: July 19, 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 width=359.467 /><TD width=43.467 /><TD width=317.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=359.467><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=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 width=359.467><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=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 width=359.467><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=43.467><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=317.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">/s/ Bruce S. Rosenbloom</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=359.467><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=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 width=359.467><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=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><A NAME="B416715_EX99_1_HTM"></A><A NAME="FIS_EXHIBIT_99"></A></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; font-family:Arial" align=center>2</P>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pets071811_99z1.htm
<DESCRIPTION>PRESS RELEASE
<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="07/19/2011">
</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" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:6.667px; font-family:Arial" align=center><B>PETMED EXPRESS D/B/A 1-800-PETMEDS ANNOUNCES ITS FIRST QUARTER FINANCIAL RESULTS</B></P>
<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" align=justify>Pompano Beach, Florida, July 18, 2011 - PetMed Express, Inc. (NASDAQ: PETS) today announced its financial results for the quarter ended June 30, 2011. &nbsp;Net sales for the quarter ended June 30, 2011 were $73.6 million, compared to $74.4 million for the quarter ended June 30, 2010, a decrease of 1.1%. &nbsp;Net income was $4.8 million, or $0.22 diluted per share, for the quarter ended June 30, 2011, compared to net income of $7.2 million, or $0.32 diluted per share, for the quarter ended June 30, 2010, a 30% decrease to EPS. &nbsp;New order sales increased by 1.3%, from $16.7 million to $17.0 million for the quarters ended June 30, 2010 and 2011, respectively. &nbsp;The Company acquired approximately 226,000 new customers for the quarter ended June 30, 2011, compared to 220,000 new customers for the quarter ended June 30, 2010. </P>
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<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" align=justify>Menderes Akdag, CEO and President, commented: &#147;Although our sales were slightly down due to our more aggressive flea &amp; tick product pricing, we had a slight increase in orders, which was a positive. Additionally, our online sales increased by 3.4% to $54.1 million for the quarter, compared to $52.3 million for the quarter the prior year, with approximately 73% of our orders being generated from our website during the quarter compared to 70% for the quarter the prior year. &nbsp;During the quarter we bought back approximately 1.1 million shares of our common stock for $13.6 million, an average price of $12.67 per share.&#148;</P>
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<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" 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 July 18, 2011 until August 1, 2011 at 11:59 P.M. &nbsp;To access the replay, call (800) 896-3843 (toll free) or (203) 369-3847, and enter passcode 5500.</P>
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<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" 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 and cats 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>
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<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" 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, 2011. &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>
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<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" align=justify>For investment relations contact PetMed Express, Inc., Bruce S. Rosenbloom, CFO, 954-979-5995.</P>
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<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" align=center>###</P>
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<P style="margin:0px; padding-right:6px; font-family:Arial" align=center>Exhibit 99.1 Page 1 of 4</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=515.467 /><TD width=14.467 /><TD width=111.8 /><TD width=14.467 /><TD width=111.8 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=768 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=768 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=768 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>(In thousands)</B></P>
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<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; font-family:Arial" align=center><B>June 30,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><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=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=111.8><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=111.8><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Current assets:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>49,413&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>49,660&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>10,219&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>10,116&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounts of $7 and $6, respectively</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>2,304&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,985&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Inventories - finished goods</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>26,074&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>25,140&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,434&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,036&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Deferred tax assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,177&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>1,003&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>664&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>90,621&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>89,604&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Long term investments</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>4,761&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>12,390&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>3,174&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>3,433&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Intangible asset</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>860&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>860&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Total assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>99,416&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>106,287&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Current liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>8,152&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>6,452&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>2,480&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>2,509&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Income taxes payable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>2,303&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>12,935&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>8,961&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Deferred tax liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>340&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>321&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Total liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>13,275&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>9,282&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Commitments and contingencies</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">Shareholders' equity:</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>9&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>9&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><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" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,259 and 22,331 shares issued and outstanding, respectively</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>21&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>22&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Retained earnings</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>86,159&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>97,115&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>(48)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>(141)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>86,141&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><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=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>97,005&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=515.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=14.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=111.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=515.467><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=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>99,416&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=14.467><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=111.8><P style="margin-top:0px; margin-bottom:-2px; width:102.667px; font-family:Arial; float:left" align=right>106,287&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 2 of 4</P>
<P style="margin:0px"><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=487.267 /><TD width=26.4 /><TD width=117.333 /><TD width=21.8 /><TD width=115.2 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=254.333 colspan=3><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>&nbsp;Three Months Ended </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=254.333 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;June 30, </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=117.333><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=115.2><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Sales </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>73,578&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>74,369</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Cost of sales </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>49,468&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>47,143</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Gross profit </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>24,110&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>27,226</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Operating expenses: </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>6,104&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>6,208</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>10,100&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>8,841</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>341&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>350</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Total operating expenses </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>16,545&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>15,399</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Income from operations </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>7,565&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>11,827</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Other income (expense): </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>86&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>66</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><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=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>(1)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>3</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Total other income </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><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=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>85&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><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=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>69</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>7,650&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>11,896</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><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=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>2,813&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><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=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>4,671</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Net income </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>4,837&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>7,225</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;Net income per common share: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic </P>
</TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>0.22&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>0.32</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=26.4><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>0.22&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>0.32</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><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=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>21,648&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>22,722</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><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=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>21,767&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><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=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>22,868</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=487.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=26.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=117.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=115.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=487.267><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=26.4><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=117.333><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-family:Arial; float:left" align=right>0.125&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.8><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=115.2><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; font-family:Arial; float:left" align=right>0.100</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 3 of 4</P>
<P style="margin:0px"><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>
<P style="margin:0px" 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=466 /><TD width=21.2 /><TD width=129.8 /><TD width=21.2 /><TD width=129.8 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=768 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=768 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONSENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=768 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=768 colspan=5><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=280.8 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Three Months Ended </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=280.8 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;June 30, </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=129.8><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=129.8><P style="margin:0px; font-family:Arial" align=center><B>2010</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>4,837&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>7,225&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>341&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>350&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>565&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>523&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(155)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>376&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>19&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>7&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(338)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(582)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(934)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>13,279&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>664&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>330&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(398)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(273)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>1,700&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>1,244&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes payable </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>2,303&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>3,842&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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; background-color:#CCFFFF" valign=bottom width=21.2><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=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(60)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><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=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>143&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Net cash provided by operating activities </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>8,544&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>26,464&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from investing activities: </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net change in investments </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>7,619&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(10,017)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(82)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(130)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Net cash provided by (used in) investing activities </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><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=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>7,537&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><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=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(10,147)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends paid </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(2,751)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(2,278)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(13,577)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(671)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>252&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>124&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Net cash used in financing activities </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(16,328)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(2,573)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Net (decrease) increase in cash and cash equivalents </P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>(247)</P>
</TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>13,744&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at beginning of period </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><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=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>49,660&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><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=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>53,143&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at end of period </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>49,413&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>66,887&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><P style="margin:0px; font-family:Arial">&nbsp;Supplemental disclosure of cash flow information: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=466><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=21.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=129.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=466><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=21.2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>31&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=21.2><P style="margin:0px; font-family:Arial" align=right>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=129.8><P style="margin-top:0px; margin-bottom:-2px; width:120px; font-family:Arial; float:left" align=right>20&nbsp;</P>
</TD></TR>
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<P style="margin:0px; padding-right:6px; font-family:Arial" align=center>Exhibit 99.1 Page 4 of 4</P>
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