OurPet's Company Reports 2008 First-Quarter Financial Results

FAIRPORT HARBOR, OH--(Marketwire - April 28, 2008) - OurPet's Company (OTCBB: OPCO): a growing designer, developer, producer and marketer of accessory and consumable pet products, today reported financial results for the 2008 first quarter ended March 31, 2008.

Net revenues for the 2008 first quarter increased 12.5 percent to $2,905,264 from $2,583,370 in the same period a year ago. Gross margin, as a percent of sales for the 2008 first quarter, was 29.8 percent, compared to 26.6 percent in the 2007 first quarter. Income before litigation expense for the 2008 first quarter increased 45.1 percent to $167,650, compared to $115,513 for the 2007 first quarter. After litigation expense the net loss for the 2008 first quarter was $391,472, or a loss of $0.02 per share, compared to net income of $115,513, or $0.01 per diluted share for the same period in 2007. Earnings, before interest, taxes, depreciation and amortization (EBITDA), before litigation expense for the 2008 first quarter, increased 25.9 percent to $338,898, compared to $269,101 for the 2007 first quarter.

Dr. Steven Tsengas, President and CEO, stated, "We are extremely pleased about our growth for the 2008 first quarter. We achieved record first-quarter sales despite a difficult business environment for many of our customers. The increase in sales for the quarter was primarily a result of healthy sales across all our product lines, including SmartScoop® and was accomplished despite a reduction of $167,416 in revenue from our two largest customers due to soft retail sales and inventory adjustments. This sales shortfall was more than offset by an increase of $489,310 in revenues from other customers including foreign customers.

"We are also pleased about the 39.7 percent improvement in operating income and the 45.1 percent increase in income before litigation expense. Our net margin before litigation expense increased 1.3 percentage points to 5.8 percent from 4.5 percent in the 2007 first quarter. This demonstrates our ability to drive profitable sales and we expect income before litigation expenses to continue to increase at a much faster percentage rate than sales."

Dr. Steve concluded, "As we expected, our earnings for the first quarter were adversely affected by the litigation expenses that we have incurred and will continue to incur in defending the Company against the patent infringement lawsuits filed against us by a competitor. As previously reported, we feel that such charges are without merit. There is a high level of optimism throughout our company, despite this distraction, as everyone at OurPet's is focused on growing our business."

About OurPet's Company

OurPet's designs, produces and markets a broad line of innovative, high-quality accessory and consumable pet products in the U.S. and overseas. For more information about the Company and its products visit our Websites www.ourpets.com, www.smartscoop.com, www.ecoPureNaturals.com and www.playnsqueak.com.

Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the other risks that are described from time to time in OurPet's SEC reports.

--Financial Results Follow--

                       OURPET'S COMPANY AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                                                     Three Months Ended
                                                          March 31,
                                                      2008         2007
                                                  -----------  -----------
Net revenue                                       $ 2,905,264  $ 2,583,370
Cost of goods sold                                  2,038,401    1,896,505
                                                  -----------  -----------
     Gross profit on sales                            866,863      686,865
Selling, general and administrative expenses          654,203      534,680
                                                  -----------  -----------
     Income from operations                           212,660      152,185

Other income and expense, net                             217       (2,068)
Interest expense                                       44,793       38,740
                                                  -----------  -----------
     Income before litigation expense                 167,650      115,513
Litigation expense                                    559,122            -
                                                  -----------  -----------
     Net income (Loss)                            $  (391,472) $   115,513
                                                  ===========  ===========
Basic and Diluted Earnings Per Common Share
 After Dividend Requirements For Preferred Stock:
  Net Income                                      $    ( 0.02) $      0.01
                                                  ===========  ===========

Weighted average number of common and equivalent
 shares outstanding used to calculate basic and
 diluted earnings per share                        16,361,732   17,137,861
                                                  ===========  ===========




                  OURPET'S COMPANY AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEETS


                                                March 31,    December 31,
                                                  2008           2007
                                              -------------- --------------
 ASSETS
   Cash and equivalents                       $       79,764 $       28,843
   Receivables, net                                1,377,770      1,239,410
   Inventories                                     3,766,013      3,395,512
   Prepaid expenses                                  173,154         91,069
                                              -------------- --------------
        Total current assets                       5,396,701      4,754,834

   Property and equipment, net                     2,300,656      2,309,529
   Other                                             343,177        337,967
                                              -------------- --------------

        Total assets                          $    8,040,534 $    7,402,330
                                              ============== ==============

 LIABILITIES AND STOCKHOLDERS' EQUITY
   Short-term borrowings and current
    maturities of long-term debt              $    1,803,520 $    2,032,857
   Accounts payable                                1,737,472      1,170,225
   Accrued expenses                                  245,418        122,813
                                              -------------- --------------
        Total current liabilities                  3,786,410      3,325,895

   Long-term debt                                    815,655        250,655
   Stockholders' equity                            3,438,469      3,825,780
                                              -------------- --------------

        Total liabilities and
         stockholders' equity                 $    8,040,534 $    7,402,330
                                              ============== ==============

Contact Information: CONTACT: OurPet's, Company Dr. Steven Tsengas (440) 354-6500 (Ext. 111) -or- INVESTOR RELATIONS: SM Berger & Company, Inc. Andrew Berger (216) 464-6400