Vitality reports first quarter results
29 Jun, 2016, 19:31 ET
Trading Symbol: VPI
VANCOUVER, June 29, 2016 /CNW/ - The financial results of the Company for the three months ended April 30, 2016 show a net loss of $39,825 or $0.00 per share compared to a net loss of $52,838 or $0.00 per share for the same period last year. Sales for the three months ended April 30, 2016 increased 54% to $32,975 (2015 - $21,397). The Company's general and administrative expenses for the three months ended April 30, 2016 was $61,398 (2015 - $67,327) as the Company focused its efforts in expanding distribution, improving sales and developing a fifth product which launched into the market in May 2016.
Vitality products are available for sale in 290 retail stores (2015 - 180 retail stores) located in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Yukon. The retail stores include: Whole Foods, Choices, Nature's Fare, Amaranth, Planet Organic, Nutter's, Old Fashion Foods, Vita Health and Nature's Emporium. A full list of the retailers is available at www.vitality.ca.
The Company's condensed interim financial statements and management's discussion and analysis for the three months ended April 30, 2016 and 2015 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 [email protected]
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