<SEC-DOCUMENT>0000943440-12-000441.txt : 20120508
<SEC-HEADER>0000943440-12-000441.hdr.sgml : 20120508
<ACCEPTANCE-DATETIME>20120508132713
ACCESSION NUMBER:		0000943440-12-000441
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120507
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120508
DATE AS OF CHANGE:		20120508

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:		12820655

	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>pets050712_8k.htm
<DESCRIPTION>CURRENT REPORT ON FORM 8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
<META NAME="author" CONTENT="Karen">
<META NAME="date" CONTENT="05/08/2012">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<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): May 7, 2012</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">&nbsp;</P>
<P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>PetMed Express, Inc.<BR>
</U></B> (Exact name of registrant as specified in its charter)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=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; font-size:12pt">&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; font-size:12pt">&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; font-size:12pt">&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; font-size:12pt">&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>
<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, &nbsp;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>
<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; background-color:#FFFFFF" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>(954) 979-5995</U></B>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Registrant&#146;s telephone number, including area code)&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<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:15px; margin-bottom:0px; font-family:Arial,Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><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">[ &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">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">[ &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">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">[ &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">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">[ &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">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 May 7, 2012, PetMed Express, Inc. issued a press release announcing its March 31, 2012 quarter and year 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><TR height=0 style="font-size:0"><TD width=77.733 /><TD width=24.2 /><TD width=666.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><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=24.2><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=666.067><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=77.733><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=24.2><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=666.067><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=77.733><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=24.2><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=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">99.1 &#150; Press release dated May 7, 2012</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><TR height=0 style="font-size:0"><TD width=80.8 /><TD width=17.133 /><TD width=652.933 /><TD width=17.133 /></TR>
<TR><TD style="margin-top:0px" valign=top width=80.8><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=17.133><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=652.933><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=17.133><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=80.8><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=17.133><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=652.933><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=17.133><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=80.8><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=17.133><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=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Press release dated May 7, 2012</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=17.133><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: May 8, 2012</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=383.333 /><TD width=46.4 /><TD width=338.267 /></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><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=384.667 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=383.333><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=46.4><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=338.267><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=383.333><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=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">By:</P>
</TD><TD style="margin-top:0px" valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>/s/ Bruce S. Rosenbloom</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><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=46.4><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=338.267><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=383.333><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=46.4><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=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Chief Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><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=46.4><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=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><A NAME="B416715_EX99_1_HTM"></A><A NAME="FIS_EXHIBIT_99"></A></TR>
</TABLE></DIV>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pets050712fm8k_ex99z1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission</TITLE>
<META NAME="author" CONTENT="Karen">
<META NAME="date" CONTENT="05/08/2012">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin-top:0px; margin-bottom:11.133px; padding-right:1.067px; font-family:Arial" align=right>Exhibit 99.1</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center><B>PETMED EXPRESS D/B/A 1-800-PETMEDS ANNOUNCES ITS FINANCIAL RESULTS FOR FISCAL 2012</B></P>
<P style="margin:0px; padding-left:-24px; padding-right:-24px; font-family:Arial" align=center><B><I>Quarterly Net Sales Increased 10% to $55.9 Million</I></B></P>
<P style="margin:0px; padding-left:-24px; padding-right:-24px; font-family:Arial" align=center><B><I>Quarterly New Order Sales Increased 22% to $11.5 Million</I></B></P>
<P style="margin:0px; padding-left:-24px; padding-right:-24px; font-family:Arial" align=center><B><I>Quarterly Online Sales Increased 16% to $42.7 Million</I></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>Pompano Beach, Florida, May 7, 2012 - PetMed Express, Inc. (NASDAQ: PETS) today announced its financial results for the fiscal year ended March 31, 2012. &nbsp;Net sales for the quarter ended March 31, 2012 were $55.9 million, compared to $50.9 million for the quarter ended March 31, 2011, an increase of 10%. &nbsp;For the year ended March 31, 2012 net sales were $238.3 million, compared to $231.6 million for the year ended March 31, 2011, an increase of 3%. &nbsp;Net income for the quarter ended March 31, 2012 was $4.0 million, or $0.20 diluted per share, compared to net income of $4.1 million, or $0.19 diluted per share, for the same quarter the prior year, an increase to earnings per share of 7%. &nbsp;Net income was $16.7 million, or $0.80 diluted per share, for the year ended March 31, 2012, compared to net income of $20.9 million, or $0.92 diluted per share, for the year ended March 31, 2011, a decrease to earnings per share of 13%. &nbsp;New order sales for the quarter ended March 31, 2012 were $11.5 million, compared to $9.4 million for the quarter ended March 31, 2011, an increase of 22%. &nbsp;New order sales for the year ended March 31, 2012 were $51.3 million, compared to $47.3 million for the year ended March 31, 2011, an increase of 8%. &nbsp;Reorder sales for the quarter ended March 31, 2012 were $44.4 million, compared to $41.5 million for the quarter ended March 31, 2011, an increase of 7%. &nbsp;Reorder sales for the year ended March 31, 2012 were $187.0 million, compared to $184.3 million for the year ended March 31, 2011, an increase of 1%. &nbsp;</P>
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<P style="margin:0px; font-family:Arial" align=justify>Menderes Akdag, President and CEO, commented: &#147;We are pleased with the strong new and reorder growth in the quarter. &nbsp;We acquired approximately 162,000 new customers during the fourth quarter compared to 130,000 during the same period a year ago, an increase of 25%, and for the year ended March 31, 2012, the Company acquired approximately 722,000 customers compared to 645,000 for the year ended March 31, 2011, an increase of 12%. &nbsp;We are also pleased to report that our online sales increased 16% for the quarter ended March 31, 2012, and 8% for the year ended March 31, 2012. &nbsp;Moving forward we will continue with an aggressive pricing strategy combined with increased advertising, while expanding our product offerings. During the fiscal year, we increased our quarterly dividends to $0.15 per share, an increase of 20%. &nbsp;In accordance with our share repurchase program, we repurchased approximately 2.1 million shares paying approximately $23.7 million in fiscal 2012.&#147; </P>
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<P style="margin:0px; font-family:Arial" align=justify>This morning at 8:30 A.M. Eastern Time, Mr. Akdag will host a conference call to review the year-end financial results. &nbsp;To access the call which is open to the public, dial (888) 455-1758 (toll free) or (203) 827-7025. &nbsp;Callers will be required to supply PETMEDS as the passcode. &nbsp;For those unable to participate in the live event, the call will be available for replay from 10 A.M. on May 07, 2012 until May 21, 2012 at 11:59 P.M. &nbsp;To access the replay, call (800) 513-1175 (toll free) or (402) 344-6835 and enter passcode 5500.</P>
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<P style="margin:0px; font-family:Arial" align=justify>Founded in 1996, PetMed Express is America&#146;s Largest Pet Pharmacy, delivering prescription and non-prescription pet medications and other health products for dogs 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; font-family:Arial" align=justify>This press release may contain &#147;forward-looking&#148; statements, as defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, that involve a number of risks and uncertainties, including the Company&#146;s ability to meet the objectives included in its business plan. &nbsp;Important factors that could cause results to differ materially from those indicated by such &#147;forward-looking&#148; statements are set forth in Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations in the PetMed Express Annual Report on Form 10-K for the year ended March 31, 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; font-family:Arial" align=justify>For investment relations contact PetMed Express, Inc., Bruce S. Rosenbloom, CFO, 954-979-5995.</P>
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<P style="margin-top:0px; margin-bottom:11.133px; 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=512.533 /><TD width=13.333 /><TD width=108.6 /><TD width=13.333 /><TD width=110.6 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=758.4 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=758.4 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONSOLIDATED BALANCE SHEETS</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=758.4 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>(In thousands)</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; font-family:Arial" align=center><B>March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><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=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=108.6><P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=110.6><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Current assets:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>46,801</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>10,347</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>10,116&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounts of $5 and $6, respectively</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>1,572</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>1,985&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Inventories - finished goods</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>26,217</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>1,241</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>1,036&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Deferred tax assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>1,230</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>199</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><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=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>664&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>87,607</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Long term investments</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>-</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>2,597</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>3,433&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Intangible asset</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>860</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>860&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Total assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>91,064</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Current liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><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=13.333><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>6,619</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>6,452&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><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=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>2,772</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; 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=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>9,391</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>8,961&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Deferred tax liabilities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>492</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><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=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>321&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Total liabilities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>9,883</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><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=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>9,282&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Commitments and contingencies</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Shareholders' equity:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Preferred stock, $.001 par value, 5,000 shares authorized;</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 convertible shares issued and outstanding with a</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;liquidation preference of $4 per share</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>9</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>9&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Common stock, $.001 par value, 40,000 shares authorized;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,338 and 22,331 shares issued and outstanding, respectively</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>20</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>22&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Retained earnings</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>81,108</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>97,115&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;Accumulated other comprehensive gain (loss)</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>44</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>(141)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><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" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>81,181</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>97,005&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=512.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=108.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=512.533><P style="margin:0px; font-family:Arial">Total liabilities and shareholders' equity</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; font-family:Arial" align=center>$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=108.6><P style="margin-top:0px; margin-bottom:-2px; width:84px; font-family:Arial; float:left" align=right>91,064</P>
</TD><TD style="margin-top:0px" valign=bottom width=13.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=110.6><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; font-family:Arial; float:left" align=right>106,287&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:12.2px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:11.133px; padding-right:6px; font-family:Arial" align=center>Exhibit 99.1 Page 2 of 4</P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><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=331.267 /><TD width=25.533 /><TD width=91.8 /><TD width=16.8 /><TD width=91.867 /><TD width=16.8 /><TD width=90.067 /><TD width=16.8 /><TD width=91.867 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=772.8 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=772.8 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;CONSOLIDATED STATEMENTS OF INCOME </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=772.8 colspan=9><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;(In thousands, except for per share amount) </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=200.467 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Three Months Ended </B></P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=198.733 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Year Ended </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=200.467 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;March 31, </B></P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=198.733 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;March 31, </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=91.8><P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=91.867><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=90.067><P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=91.867><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=200.467 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;(UNAUDITED) </B></P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Sales </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>55,924&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>50,910&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>238,250</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>231,642&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Cost of sales </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>36,957&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>33,435&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>158,085</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>147,686&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Gross profit </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>18,967&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>17,475&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>80,165</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>83,956&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Operating expenses: </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>5,411&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>5,183&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>22,363</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>22,200&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>6,916&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>5,497&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>30,369</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>27,357&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><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=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>365&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>352&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>1,411</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>1,375&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Total operating expenses </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>12,692&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>11,032&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>54,143</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>50,932&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Income from operations </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>6,275&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>6,443&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>26,022</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>33,024&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Other income (expense): </P>
</TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>60&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>116&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>288</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>381&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><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=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>(1)</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>(17)</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>61</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>(128)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Total other income (expense) </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><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=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>59&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>99&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>349</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>253&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>6,334&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>6,542&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>26,371</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>33,277&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><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=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>2,341&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>2,395&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>9,712</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>12,406&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><P style="margin:0px; font-family:Arial">&nbsp;Net income </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=25.533><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>3,993&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>4,147&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>16,659</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>20,871&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><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=25.533><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.20&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.19&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>0.81</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>0.93&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.20&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.19&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>0.80</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>0.92&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=448.6 colspan=3><P style="margin:0px; font-family:Arial">&nbsp;Weighted average number of common shares outstanding: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><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=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>20,086&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>22,208&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=90.067><P style="margin-top:0px; margin-bottom:-2px; width:56px; font-family:Arial; float:left" align=right>20,613</P>
</TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=91.867><P style="margin-top:0px; margin-bottom:-2px; width:60px; font-family:Arial; float:left" align=right>22,514&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><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=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>20,176</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>22,309</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:54.667px; font-family:Arial; float:left" align=right>20,708</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>22,643</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=331.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=25.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=90.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=16.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=91.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=331.267><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=25.533><P style="margin:0px; font-family:Arial" align=center>&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=91.8><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.150</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.125</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=90.067><P style="margin-top:0px; margin-bottom:-2px; width:54.667px; font-family:Arial; float:left" align=right>0.525</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=16.8><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=91.867><P style="margin-top:0px; margin-bottom:-2px; width:57.333px; font-family:Arial; float:left" align=right>0.475</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:11.133px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:11.133px; padding-right:6px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 3 of 4</P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><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=493.2 /><TD width=29.2 /><TD width=110.667 /><TD width=29.2 /><TD width=110.533 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=772.8 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=772.8 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=772.8 colspan=5><P style="margin:0px; font-family:Arial" align=center><B>(In thousands)</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=250.4 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;Year Ended </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=250.4 colspan=3><P style="margin:0px; font-family:Arial" align=center><B>&nbsp;March 31, </B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=110.667><P style="margin:0px; font-family:Arial" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=bottom width=110.533><P style="margin:0px; font-family:Arial" align=center><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from operating activities: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net income </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>16,659&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>20,871&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provided by operating activities: </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><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=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>1,411&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>1,375&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share based compensation </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>2,246&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>2,171&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(56)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>348&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bad debt expense </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>47&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>48&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in operating assets </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and increase (decrease) in liabilities: </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>366&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>64&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories - finished goods </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(1,077)</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>3,924&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid income taxes </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>465&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(335)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(205)</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(426)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>297&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>1,964&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>238&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>102&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Net cash provided by operating activities </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>20,391&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>30,106&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from investing activities: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net change in investments </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>12,344&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(10,146)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(705)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(667)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of intangible asset </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(10)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><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=29.2><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=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>11,639&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(10,823)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Cash flows from financing activities: </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends paid </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(10,964)</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(10,727)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Purchases of treasury stock </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(23,685)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(12,247)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the exercise of stock options </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>340&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Tax adjustment related to stock compensation </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(240)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(132)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Net cash used in financing activities </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><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=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(34,889)</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(22,766)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Net decrease in cash and cash equivalents </P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(2,859)</P>
</TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>(3,483)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at beginning of year </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>49,660&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>53,143&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;Cash and cash equivalents, at end of year </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>46,801&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>49,660&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><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=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Cash paid for income taxes </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>9,543&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>12,578&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Retirement of treasury stock </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>23,685&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>12,247&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment purchases in accounts payable </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>-&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>130&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=493.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=110.533><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=493.2><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends payable in accrued expenses </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><P style="margin:0px; font-family:Arial">&nbsp;$ </P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=110.667><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>168&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=29.2><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=110.533><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-family:Arial; float:left" align=right>143&nbsp;</P>
</TD></TR>
</TABLE>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:11.133px; padding-right:6px; font-family:Arial" align=center>Exhibit 99.1 Page 4 of 4</P>
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