Pet Valu confirms expression of interest regarding possible acquisition



    TORONTO, July 14 /CNW/ - Pet Valu, Inc. (TSX:PVC) announced today that it
has received an unsolicited approach expressing interest in pursuing a
possible acquisition of the Company, including its wholly owned subsidiary,
Pet Valu Canada Inc. The Company's board of directors will review and consider
the approach with the advice and assistance of its financial and legal
advisers. The board of directors has not made any decision with respect to the
approach, and there are no material developments to announce at this time.
There can be no assurance that any definitive transaction proposal will result
from the approach, or that any transaction, if proposed, will be completed.




For further information:

For further information: Michael Fitzgerald, Secretary, (905) 946-1200,
extension 3503

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PET VALU CANADA INC.

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