Trading Symbol: VPI
VANCOUVER, June 1, 2015 /CNW/ - The financial results of the Company for its year ended January 31, 2015 show a net loss of $177,712 or $0.01 per share compared to a net loss of $184,774 or $0.01 per share for the same period last year. The Company's general and administrative expenses for the year ended January 31, 2015 increased to $217,452 (2014 - $188,395) primarily due to the Company's efforts in improving sales.
Sales for the year ended January 31, 2015 increased to $63,916 (2014 - $5,301). 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 financial results of the Company for the three months ended January 31, 2015 show a net loss of $48,369 or $0.00 per share compared to a net loss of $46,870 or $0.00 per share for the same period last year. Sales for the three months ended January 31, 2015 were $27,469 (2014 - $252).
The Company's products are available for sale in over 150 retail stores (2014 - over 50 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 audited financial statements and management's discussion and analysis for the years ended January 31, 2015 and 2014 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 protected]