Trading Symbol: VPI
VANCOUVER, May 31, 2013 /CNW/ - The financial results of the Company for its year ended January 31, 2013 show a net loss of $168,084 or $0.01 per share compared to a net loss of $184,883 or $0.01 per share for the same period last year. The Company's general and administration expenses for the year ended January 31, 2013 decreased to $168,245 (2012 - $184,884) due, in part, to the Company managing its working capital by reducing cash flows used in its operating activities. The Company is currently investigating opportunities to market and distribute its 90 Natural Health Products (NHPs) with Natural Health Product Numbers (NPNs) issued by Health Canada, including products with time release vitamins and minerals formulations, and its website, www.vitality.ca.
The financial results of the Company for the three months ended January 31, 2013 show a net loss of $40,398 or $0.00 per share compared to a net loss of $42,482 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, 2013 and 2012 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.
SOURCE: Vitality Products Inc.
For further information:
W. Douglas Grant, President & CEO at (604) 683-6611 or email@example.com