Vitality redeems 3,280 Class "A" Preference Shares, Series 3



    Trading Symbol: VPI

    VANCOUVER, Jan. 31 /CNW/ - Vitality Products Inc. (the "Company") has
issued notices of redemption to four holders of the Class "A" Preference
Shares, Series 3 (the "Preference Shares") to redeem 3,280 Preference Shares
with a par value of $32,800 plus all unpaid dividends of $11,808 accrued
thereon to January 31, 2008. Three of the four holders are insiders of the
Company.
    The Preference Shares, with a par value of $10 each, have a 6% cumulative
dividend payable annually commencing January 31, 2003. The Company is entitled
to redeem at any time any outstanding Preference Shares by paying the holder
thereof the redemption price of $10 per Preference Share plus all unpaid
dividends accrued thereon to the date of redemption.
    Upon the completion of the redemptions, the Company has 36,220 Class "A"
Preference Shares, Series 3 outstanding with a par value of $362,200 plus all
unpaid dividends of $130,392 accrued thereon to January 31, 2008.

    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:

For further information: Douglas Grant, CFO, at (604) 683-6611 or
info@vitality.ca


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