Trading Symbol: VPI
VANCOUVER, Sept. 29, 2015 /CNW/ - The financial results of the Company for the three months ended July 31, 2015 show a net loss of $76,538 or $0.01 per share compared to a net loss of $51,195 or $0.00 per share for the same period last year. The Company's general and administrative expenses for the three months ended July 31, 2015 increased to $93,127 (2014 - $55,984) primarily due to the Company's efforts in improving sales.
Sales for the three months ended July 31, 2015 increased to $24,710 (2014 - $6,983). The Company commenced distribution of Vitality's new line of natural health products in September 2013 by introducing four products in key growth categories to the market. Vitality continues to investigate business opportunities to market and license the Company's other 88 natural health products and its website, www.vitality.ca. Each of the Company's 92 natural health products has a Natural Product Number (NPN) licensed by Health Canada.
The Company's products are available for sale in over 200 retail stores (2014 - over 80 retail stores) located in British Columbia, Alberta, Saskatchewan and Manitoba. 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 six months ended July 31, 2015 and 2014 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]