The PAWS Pet Company, Inc (OTCPK:PAWS) acquired Impact Social Networking, Inc. for $2.7 million in stock on February 23, 2012. The PAWS Pet Company will issue approximately 7.4 million shares of common stock, and may issue additional stock based on sales of products and services of the PAWS Pet Technologies achieving certain revenue goals over the next 48 months. The additional shares to be issued would be 1.4 million shares on achieving revenues of $2.5 million, 4.6 million shares on achieving revenues of $17.5 million and 11.6 million on achieving revenues of $22.5 million, $27.5 million and $32.5 million each. The PAWS Pet Company, Inc (OTCPK:PAWS) completed the acquisition of Impact Social Networking, Inc. on February 23, 2012.