EXHIBIT 10.4

                        LETTER FOR APPLICATION FOR SHARES


From:      Pet Health Systems,Inc.
           4400 Route 9, 2nd Floor
           Freehold, NJ 07728

The Board of Directors
Europe Investor Direct.com Limited ("the Company")
27 Green Street
London

WE HEREBY APPLY for the issue of 100 ordinary shares of (pound)1.00  each in the
capital of the  Company  ("the  Shares")  to be issued and  (pound)1,522.47  per
shares  fully  paid and  hereby  request  you to allot  such  shares to us.  The
subscription funds totaling (pound)152,247 have already been transferred to you.

We agree to take the said  shares  on the  terms  set out  below  and  otherwise
subject to the  Memorandum  and  Articles  of  Association  of the  Company  and
authorize  you to enter my name in the  register of members as the holder of the
said shares.

In this letter,  the term "Flotation"  means the admission of ally or any of the
equity  share  capital of the Company to trading on the  alternative  Investment
Market of the London  Stock  Exchange  or the  admission  of the same to, or the
grant of permission for the same to be dealt in, any other  recognized  exchange
or share market.

We agree that until such time as a flotation takes place (if at all) we will not
dispose, charge or otherwise deal with the Shares.

In the event of the listing of a Flotation, we will:

(1)  Vote in favor of any  resolutions  which may be required to facilitate  the
     same;

(2)  Enter into  irrevocable  undertakings as to the subsequent  disposal of the
     shares on such terms as the  directors  of the Company may require so as to
     comply with the regulatory  requirements of the relevant exchange or as the
     brokers or advisors to the Company may require.

Dated:     January 19, 2000

PET HEALTH SYSTEMS, INC.


By:   /s/ Richard I.  Anslow
      RICHARD I.  ANSLOW, President