Pet Airways Appoints Andrew Warner as President and Chief Financial Officer

DELRAY BEACH, Fla., Jan. 4, 2011 /PRNewswire/ -- Pet Airways Inc. (PAWS.PK), the world's first airline designed specifically for the comfortable, efficient and safe transportation of pets, today announced that Andrew Warner has been named President and Chief Financial Officer. Mr. Warner also serves as a member of the Pet Airways board of directors.

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Mr. Warner has more than 25 years of experience in financial and general management, with leadership positions in both public and private companies.  He specializes in nurturing rapid growth in young consumer-oriented companies, particularly with respect to consumer technology.

Prior to joining Pet Airways, Mr. Warner served as Chief Financial Officer of EnergyConnect Group, Inc., a leading provider of smart grid demand response services and technologies. Prior to that, Mr. Warner was the Chief Financial Officer of SmartDisk Corporation, which provided electronic storage solutions and was subsequently acquired by Verbatim. Mr. Warner was also the Chief Executive Officer of Zio Corporation, a private, digital consumer electronics company that was acquired by SmartDisk Corporation.  Prior to Zio Corporation, Mr. Warner served as Chief Financial Officer, President of the U.S. Division and Executive Vice President of SCM Microsystems Inc., a global provider of digital security and identity management technology.

"We are delighted that Andrew has agreed to join the Pet Airways team. With his strong financial and business experience, we believe that he will be instrumental in helping Pet Airways become a household name and solidify our leadership position in pet transportation," said Dan Wiesel, Chairman and Chief Executive Officer of Pet Airways. "In particular, his experience growing successful companies, managing transactions and raising capital will be invaluable to us."

Andrew Warner commented, "Pet Airways is an exciting company that has the potential to fundamentally change the travel category. Pets are a very important part of the family, and by providing a safe and caring alternative to cargo, Pet Airways can transform the concept of family travel. I am thrilled to join the Pet Airways executive team, to work with Dan to broaden Pet Airways' services and expand the company's infrastructure."

Since Pet Airways' launch in July 2009, flight capacity has nearly doubled with expansion from the original five destinations to the current nine. Revenue for the first nine months of 2010 more than tripled over the prior year, with over 3,000 pets flown through September 2010. The company continues to enjoy significant national and regional press coverage and recently announced a partnership with Petmate®, the leading provider of portable carriers.

Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements other than statements of historical facts, including, without limitation, statements regarding future financial position, business strategy, budgets, projected sales, projected costs, and management objectives, are forward-looking statements.  Terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof, any variation thereon or similar terminology are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially and adversely from the results proposed in such statements.  Important factors that could cause actual results to differ from our expectations include, but are not limited to: the costs and availability of financing; our ability to maintain adequate liquidity; our ability to execute our business plan; our ability to control costs; our ability to attract and retain customers; transportation demand; general economic conditions; costs of aviation fuel; competitive pricing pressures; governmental regulation; weather conditions; and statements of assumption underlying any of the foregoing, as well as other factors set forth under the caption "Risk Factors" in the Form 8-K filed with the Securities and Exchange Commission on August 16, 2010 and other filings with the SEC.  Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by the foregoing cautionary statements. We assume no duty to update or revise our forward-looking statements based on changes in our expectations or events after the date hereof.

About Pet Airways, Inc.

Pet Airways is the first airline specifically designed for the safe and comfortable transportation of pets. Pet Airways' pawsengers™ travel in the specially equipped main cabin of its planes - where pets are continuously monitored by an In-Flight Pet Attendant and the climate is controlled for maximum pet comfort. With Pet Airways, pet parents can be assured their animals will be treated with tender, loving care throughout the journey.  The airline launched flight operations in 2009 and currently serves coast-to-coast destinations across the United States, including Los Angeles, Phoenix, Denver, Omaha, Chicago, Baltimore, New York, Atlanta and Ft. Lauderdale. For more information go to www.petairways.com.

SOURCE Pet Airways, Inc.