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After giving effect to the exchange of shares of Pet DRx for XLNT sharesand the 1,361,573 shares that were validly tendered for conversion into a prorata portion of the trust fund established in connection with the Company'sinitial public offering, Pet DRx had 23,511,969 shares of common stock issuedand outstanding as of January 10, 2008.
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The merger between Echo Healthcare Acquisition Corp. ("Echo"), a blankcheck company, and XLNT, a private company was completed on January 4, 2008.In connection with the merger, Echo changed its name to Pet DRx Corporation.
About Pet DRx Corporation
Pet DRx, a provider of veterinary primary care and specialized services tocompanion animals through a network of fully-owned veterinary hospitals, wasformed through the merger of Echo Healthcare Acquisition Corp., a blank checkcompany, and XLNT Veterinary Care, Inc. Pet DRx currently owns and operates26 veterinary hospitals in the state of California, with approximately 800employees.
Safe Harbor Statement
Certain matters discussed in this press release, including statements asto the expected benefits of the combination of the two companies, futureproduct and service offerings and expected synergies, are forward-lookingstatements. These forward-looking statements are subject to risks anduncertainties that may cause actual results to differ materially, including,but not limited to, the ability to successfully integrate the two companiesand achieve expected synergies following the merger, the ability of theCompany to successfully acquire, integrate and operate veterinary hospitalsand clinics, requirements or changes affecting the businesses in which theCompany is engaged, veterinary services trends, including factors affectingsupply and demand, dependence on acquisitions for growth, labor and personnelrelations, changing interpretations of generally accepted accountingprinciples and other risks detailed from time to time in the Company's SECreports, including its Form 10-K and 10-Q filings and Form S-4 RegistrationStatement. These forward-looking statements speak only as of the date hereof.The Company disclaims any intention or obligation to update or revise anyforward-looking statements.For Further Information: PET DRX CORPORATION: AT FINANCIAL RELATIONS BOARD: Gregory J. Eisenhauer, CFA Kathy Price Chief Financial Officer Senior Vice President (408) 236-7412 (213) 486-6547 [email protected]
SOURCE Pet DRx Corporation
