Pet Valu to acquire 15 Berrys... Your PetsChoice stores

    MARKHAM, ON, July 18 /CNW/ - As part of its growth strategy, Pet Valu,
Inc., today announced that its Canadian operating company, Pet Valu Canada
Inc., has entered into conditional agreements to acquire the shares of the
companies operating 15 Berrys...Your PetsChoice stores. These stores are all
located in eastern Ontario.
    According to Ed Casey, President and COO of Pet Valu Canada Inc., "Berrys
strategically fits with Pet Valu, as both companies are aligned in their focus
on better pet nutrition and commitment to informed and friendly customer
    Pet Valu plans to maintain operations under the Berrys banner initially
and to continue to offer the range of nutritious and wellness-focused
products, which current customers enjoy, as well as enhancing Berrys' line-up
with new products.
    The transaction is scheduled to close in early-August, 2008 subject to
due diligence review and satisfaction of certain other conditions.
    Following the acquisition, Pet Valu will operate a total of 354
company-owned and franchised pet food and pet-related supply specialty stores
in Canada and the United States under the PET VALU(R), PET VALU BETTER PET


    Pet Valu is a specialty retailer of pet food and pet-related supplies
operating Company-owned and franchised locations in Canada and the U.S. The
TSX stock symbol for Pet Valu Canada Inc., Pet Valu, Inc.'s publicly traded
Canadian operating subsidiary, is PVC.


    Certain information in this news release is forward-looking and is
subject to important risks and uncertainties. Forward-looking information
includes information concerning the Company's future financial performance,
business strategy, plans, goals, objectives, business prospects and
opportunities. The forward-looking information reflects predictions and does
not in any way reflect a guarantee. Factors which could cause actual results
or events to differ materially from current expectations include, among other
things: the ability of the Company to successfully implement its strategic
initiatives and whether such strategic initiatives will yield the expected
benefits; competitive conditions in the businesses in which the Company
participates; changes in consumer spending; the outcome of legal proceedings
as they arise; general economic conditions and normal business uncertainty;
the availability of suitable store locations; customer preferences towards
product offerings; adverse climate changes; the occurrence of a pandemic or
other catastrophic event which could create shortages of labour, products or
services required to operate the business profitably; fluctuations in foreign
currency exchange rates; changes in the Company's relationship with its
merchandise and service suppliers; interest rate fluctuations and other
changes in borrowing costs; and changes in laws, rules and regulations
applicable to the Company or the markets in which the Company operates. The
Company cautions that this is not an exhaustive list of factors that may
affect the forward-looking information in this news release. Potential
investors and readers are urged to give careful consideration to all of these
factors in evaluating any forward-looking information and are cautioned not to
place undue reliance on such information. While the Company believes that its
forecasts and assumptions are reasonable, results or events predicted in this
forward-looking information may differ materially from actual results or

For further information:

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

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