May 25, 2010 (FinancialWire) — Teacher’s Pet, Inc. (OTCBB: TPET) was officially reinstated to the Over-the-Counter Bulletin Board today, trading in units of 100.

From Teacher’s Pet’s May 14, 2010, Form 10-Q Filing:

“We are in the business of selling products and providing services to assist teachers and parents further the education of children aged between kindergarten through sixth grade.  Our target market consists primarily of elementary schools and teachers of grades kindergarten through sixth initially in the Phoenix, Arizona and Las Vegas, Nevada metropolitan areas.  We also believe that parents who home-school their children may also be attracted to our proposed products.  We believe that children may benefit from being exposing to educational stimuli at an early age outside the classroom environment.

“During the first quarter of 2010, we begun to generate revenues from services provided to elementary educators.  Our services included assistance and consultation of lesson plan development and tutoring of elementary students.  In this period, we generated a total of $150 in revenues.  In comparable three month period ended March 31, 2009, we did not generate any revenues.  Since inception, we have only generated $150 in revenues, related specifically to revenues earned in the three months ended March 31, 2010.  Our management believes that, due to budget constraints imposed on school boards, often in the form of furloughs, educators are being asked to compress educational objectives into shortened time frames and larger student-to-teacher ratios.  Thus, educators have been seeking personal assistance, even at personal financial sacrifice, as all monies paid by teachers for supplies and assistances are typically not refunded by schools.  Therefore, our management believes we can provide the assistance teachers require at a reasonable cost.

“In pursuit of our business objectives, we have incurred expenses primarily consisting of accounting and consulting fees, as well as depreciation expense on our computer equipment.  Total operating expenses during the three months ended March 31, 2010 were $8,253, compared to $3,529 in the period ended March 31, 2009.  The increase in total expenses during the comparable periods from 2009 to 2010 is due primarily to our efforts to reinvigorate our business, through the hiring of third parties to assist and consult with various aspects of our business, such as strategic consulting, which cost us a total of $3,500 in the three months ended March 31, 2010.  We expect our operational expenses to increase materially in future periods, as we continue to seek avenues to generate sufficient revenues to sustain our operations organically.  Since our inception to March 31, 2010, total expenses were $44,757.”

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