• 4 novembre 2008 18:15
  • - Finances
  • - Médicine intégrative

Feasibility study for ethanol plant on hold


    Trading Symbol: VPI

    VANCOUVER, Nov. 4 /CNW/ - Vitality Products Inc. (the "Company") reports
that due to current credit market and ethanol market conditions, the Company
deems it is prudent and strategic to suspend the feasibility study as reported
in the Company's Press Release dated September 16, 2008. The Company remains
committed to completing the feasibility study of its proposed plant in Whatcom
County, Washington once market conditions improve.
    The purposes of the feasibility study was to provide the Company with a
definitive conclusion as to the economic viability of the proposed plant and
to assist the Company in raising the necessary funds to build the proposed
plant, to present to potential investors and lenders who will be able to rely
upon this report in making an investment decision. The feasibility study
contains very detailed information about the proposed plant, including
location, design, operation, timing of completion, budgets, permitting
processes, marketing and projections and the like, as well as the risks
involved in embarking on such an enterprise. Some of these risks include, but
are not limited to, (1) financing; (2) the availability of feedstock, water,
electrical power and natural gas; (3) access to rail, all weather roads and
personnel; (4) permits; (5) changes to government regulations; (6) adverse
sales; and (7) competition.

    Forward-Looking Information Statements: This release may contain
forward-looking information based on management's expectations, estimates and
projections. All statements that address expectations or projections about the
future, including statements about the Company's strategy for growth, product
development, market position, expected expenditures and financial results are
forward-looking statements. These statements are not guarantees of future
performance and involve a significant number of risks, uncertainties and
assumptions.On behalf of the Board of
    VITALITY PRODUCTS INC.

    "William N. Grant" (signed)
    ---------------------------------
    William N. Grant, President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.%SEDAR: 00005856E



For further information: Investor Relations Contact: Robert Young, RAYA
Group at (604) 682-5123 or 1-877-626-2121