PetQuarters Gets Capital for Acquisitions

Lonoke, AR--Multichannel pet supplies marketer PetQuarters received a commitment from Los Angeles-based venture fund Zcapital for $2.5 million to be used for strategic acquisitions. ``While our primary objective is to achieve profitability, the commitment by Zcapital will provide us with resources to grow our revenue by acquiring other profitable operations,'' PetQuarters CEO Steve Dempsey said in a statement. ``We have no plans for any particular acquisition at this time, however.''