The PAWS Pet Company, Inc (OTCPK:PAWS) acquired Advanced Access Pharmacy Services, LLC from Rubicon Peak Capital LLC in preferred stock on March 9, 2013. The PAWS Pet Company issued 0.08 million series B convertible preferred stock to Advanced Access. Under the terms of the agreement, The PAWS Pet Company is obligated to file certain delinquent periodic reports with the Securities and Exchange Commission, on which the board will appoint two new board members designated by the former members of Advanced Access Pharmacy. Upon generating $0.45 million in revenue subsequent to the transaction, one of the current members of the board will resign. If PAWS Pet does not generate $0.9 million in revenue within nine months after filing its annual report for the year ended December 31, 2012 with the SEC, then the newly appointed members to the board will resign from the board and, if a current board member resigned as previously set forth, such board member or another designee of the remaining current director will be appointed to the board.

The PAWS Pet Company, Inc (OTCPK:PAWS) completed the acquisition of Advanced Access Pharmacy Services, LLC from Rubicon Peak Capital LLC on March 9, 2013.