CORRECTION/Veterinary Centers of America Inc. forms joint venture for distribution of pet products in Japan.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Nov. 1, 1996--Veterinary Centers of America Inc. (NASDAQ/NMS:VCAI) Friday announced that Vet's Choice has entered into a joint venture agreement with four Japanese distributors to form Vet's Choice Japan. These distributors are among the largest distributors in Japan serving one of the largest markets for premium pet food products in the world. Each of the partner distributors will promote and distribute Vet's Choice products within Japan. Prior to forming the joint venture, Vet's Choice test marketed its product lines for more than a year with the largest of the four partner distributors. Bob Antin, chief executive officer of VCA VCA Voltage Controlled Amplifier VCA Victorian College of the Arts (Australia) VCA Vehicle Certification Agency (UK) VCA Veiligheids Checklist Aannemers , said: "This partnership provides our company with the opportunity to expand sales of Vet's Choice products overseas. Vet's Choice will sell its products to Vet's Choice Japan at approximate U.S. distributor prices commencing in the first quarter of 1997, which will be immediately additive additive In foods, any of various chemical substances added to produce desirable effects. Additives include such substances as artificial or natural colourings and flavourings; stabilizers, emulsifiers, and thickeners; preservatives and humectants (moisture-retainers); and to our bottom line." VCA owns and operates a nationwide network of veterinary hospitals and veterinary laboratories. The company currently provides goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. to approximately 9,000 animal hospitals nationwide. In addition, VCA is the managing general partner of Vet's Choice, a joint venture with Heinz Pet Products, an affiliate of H.J. Heinz Co. (NYSE NYSE See: New York Stock Exchange :HNZ HNZ HJ Heinz Co (stock symbol) ), which markets and distributes a complete line of specialty pet foods. CONTACT: Veterinary Centers of America Inc., Santa Monica Bob Antin/Tom Fuller, 310/392-9599 |
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