Vitality reports first quarter results
Trading Symbol: VPI
VANCOUVER, June 30, 2014 /CNW/ - The financial results of the Company for the three months ended April 30, 2014 show a net loss of $41,661 or $0.00 per share compared to a net loss of $41,003 or $0.00 per share for the same period last year. The Company's general and administrative expenses for the three months ended April 30, 2014 increased to $50,801 (2013 - $41,484) primarily due to the launch of Vitality's new line of vitamins and supplements in September 2013.
Sales for the three months ended April 30, 2014 increased to $12,932 (2013 - $481). Revenue from the sales of products was expected as the Company commenced distribution of Vitality's new line of natural health products after years of development. The Company introduced four products in key growth categories to the market in September 2013. The Company continues to investigate business opportunities to market and license its 92 products and its website, www.vitality.ca.
The Company's products are now available for sale in over 60 retail stores located in British Columbia and Alberta. A list of the retailers is available at the Company's website, www.vitality.ca.
The Company's condensed interim financial statements and management's discussion and analysis for the three months ended April 30, 2014 and 2013 are available on the SEDAR website at www.sedar.com.
On behalf of the Board of
VITALITY PRODUCTS INC.
"W. Douglas Grant" (signed)
W. Douglas Grant, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Vitality Products Inc.For further information: W. Douglas Grant, President & CEO at (604) 683-6611 or firstname.lastname@example.org