Los Angeles, CA (PRWEB) April 18, 2016
On Friday, April 15, 2016, Petnostics founder Stephen Chen appeared on ABC’s "Shark Tank" seeking $300,000 in exchange for 10% equity in his company to aid the development of additional pet health products and expand the company’s retail presence nationwide. Impressed by his pitch, and Petnostics’ patented pet health technology, Lori Greiner and Kevin O'Leary paired up to offer Stephen $300,000 for 20% equity in the company.
“Petnostics started as a project to replicate diagnostic lab testing on mobile devices,” noted Chen. “As a dog dad working within a medical device company, I saw an opportunity for pet parents to leverage the technology and take more control of their pet’s health and happiness. So far, our at-home test kits have received an overwhelmingly positive response from pet parents across the country. Winning on Shark Tank and having Lori and Kevin wanting to invest in us is further validation of the power that Petnostics has in making healthy living easier for our pets!”
Using the same diagnostic technology that veterinarians use in their clinics, pet parents can check their dog or cat’s health instantly with a smart urine cup and the free Petnostics iPhone app to screen for health issues such as urinary tract infections and diabetes. Petnostics also offers hydrophobic cat litter to allow for easy cat urine collection.
Following its Shark Tank appearance, Petnostics closed a partnership agreement with Fetch for Pets!, a manufacturer and distributor devoted to bringing high-quality products to pets. Fetch currently supplies over 300 branded products to pet speciality retailers nationwide. In addition, Petnostics is currently working on a pilot with one of the world’s largest producers and marketers of pet food, treats, and litter.
“There’s a major need for affordable, at-home pet healthcare solutions and Petnostics is leading the way by providing retailers with all of the right tools to change the way consumers care for their pets. We’re thrilled to have partnered with such an innovative company and can’t wait to bring Petnostics to consumers nationwide,” said Steven Shweky, President & CEO at Fetch for Pets!. “With its patented pet health technology and recent national exposure, we believe Petnostics is well positioned to become a new leader in the $30B pet health industry.”
According to veterinarians, checking your pet's urine is one of the best ways to keep them healthy. It allows for the identification of early warning signs and can help prevent more serious problems from occurring further down the road.
Petnostics helps pet parents keep their pets happy and healthy through a line of at-home urine test products. Using the same diagnostic test strips that veterinarians use in their clinics, pet parents can check their dog or cat’s health instantly with the free Petnostics iPhone app and be alerted to potential health issues such as urinary tract infections and diabetes. With results easily shareable to vets and at a fraction of the cost of a vet visit, Petnostics makes healthy living easier for pet families. For more information and to order your urine test kit now, visit http://www.petnostics.com.