OAKVILLE, ONTARIO--(Marketwire - Jan. 20, 2009) - The Board of Directors of Pethealth Inc. ("Pethealth" or the "Company")(TSX:PTZ) today announced that they declared a dividend of $0.12 per series I 6% convertible preference shares (the "Convertible Preference Shares"), payable on February 2, 2009 to the holders of record at the close of business on January 16, 2009.

On January 21, 2004, by way of private placement, Pethealth issued 5,000,000 Convertible Preference Shares. Holders of Convertible Preference Shares are entitled to receive cumulative dividends at the fixed rate of 6% per annum, equal to $0.12 per Convertible Preference Share.

About Pethealth

Founded in 1998, Pethealth is the second largest provider of pet insurance to pet owners in North America, and the leading provider of pet related database management services to the North American companion animal industry. Pethealth offers a unique range of products and services for veterinarians, shelters and pet owners through a number of wholly owned subsidiaries using a range of brand names, including PetCare, ShelterCare, QuickCare, 24PetWatch, PetPoint, and PawsConnect. The Company is also a leading provider of pet health insurance in the United Kingdom through its Pet Protect and petPals brands. Pethealth currently insures approximately 240,000 dogs and cats.

Pethealth is based in Oakville, Ontario. To find out more about Pethealth, visit the website at www.pethealthinc.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Pethealth Inc.
Mark Warren
President and Chief Executive Officer
(905) 842-2615





Pethealth Inc.
Glen Tennison
Chief Financial Officer
(905) 842-2615

Website: www.pethealthinc.com