Trading Symbol: VPI
VANCOUVER, May 30, 2012 /CNW/ - The financial results of the Company for its year ended January 31, 2012 show a net loss of $184,883 or $0.01 per share compared to a net loss of $227,441 or $0.01 per share for the same period last year. The Company's general and administration expenses for the year ended January 31, 2012 decreased to $184,884 (2011 - $227,455) due, in part, to the Company managing its working capital by reducing cash flows used in its operating activities. The Company is primarily focused on investigating opportunities to market and license its 89 Natural Health Products (NHPs) with Natural Health Product Numbers (NPNs) issued by Health Canada.
The financial results of the Company for the three months ended January 31, 2012 show a net loss of $42,482 or $0.00 per share compared to a net loss of $67,460 or $0.00 per share for the same period last year.
The Company's audited financial statements and management's discussion and analysis for the years ended January 31, 2012 and 2011 are available on SEDAR 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.
For further information:
W. Douglas Grant, President & CEO at (604) 683-6611 or email@example.com