Trading Symbol: VPI
VANCOUVER, Oct. 3 /CNW/ - Vitality Products Inc. (the "Company") has
issued to D.B.C. Financial Corporation ("D.B.C.") a total of 842,827 common
shares in the capital of the Company pursuant to the conversion by D.B.C. of
its 22,775 Class "A" Preference Shares, Series 4 at a deemed value of
$10.00 per share in the capital of the Company, plus all unpaid dividends
accrued thereon to the date of conversion, at the conversion price of
$0.35 per common share. The Class "A" Preference shares, Series 4, with a par
value of $10 each have a 6% cumulative dividend and are convertible into
common shares of the Company at a price of $0.35 per common share on or before
October 31, 2007. William N. Grant, a director and officer of the Company,
indirectly owns D.B.C.
Upon the completion of the conversion, the Company has 18,684,400 common
shares outstanding and no Class "A" Preference shares, Series 4 outstanding.
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.
For further information:
For further information: Douglas Grant, CFO, at (604) 683-6611, or