Trading Symbol: VPI
VANCOUVER, Sept. 28 /CNW/ - The financial results of the Company for the
three months ended July 31, 2007 show a net loss of $57,364 or $0.00 per share
compared to a net loss of $37,845 or $0.00 per share for the same period last
The Company's general and administration expenses for the three months
ended July 31, 2007 increased to $47,367 (2006 - $25,472) due, in part, to
Vitality working on a $200,000 study to determine the feasibility of
establishing an operating subsidiary, Vitality Fuels, to build and to operate
a proposed plant that will produce alternative non-fossil fuels including
ethanol, bio diesel and co-products such as animal feed and nutraceuticals.
The Company has not yet completed a sufficiently detailed feasibility study to
determine whether the proposed plant is economically feasible and therefore
the Company has not yet made a decision to pursue the construction of the
proposed plant. The purposes of the proposed $200,000 study are 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 in Whatcom County, Washington, to present to
potential investors and lenders who will be able to rely upon this report in
making an investment decision. Please see the Company's press release of
August 28, 2007 for further details.
Vitality management continues to work on the development of new
condition-specific formulated products, whole food nutraceuticals and related
The Company's financial statements and management's discussion and
analysis for the six months ended July 31, 2007 are available on the SEDAR
website at www.sedar.com.
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
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