Trading Symbol: VPI
VANCOUVER, July 21, 2015 /CNW/ - Vitality Products Inc. held its annual and special general meeting of shareholders ("AGM") on July 21, 2015. The board of directors is pleased to announce that all resolutions put to vote at the AGM passed with a 99.99% or higher approval from the votes cast. Colby L. Fackler and Cheryl A. Grant were elected to the board of directors for the first time at the AGM. Bruce J. McDonald (Chairman of the Board), Richard V. Gannon, Brian L. Gessner, W. Douglas Grant (President & Chief Executive Officer) and Stuart E. Pennington were re-elected to the board.
Colby L. Fackler is the Director, Sales & Service of Vancouver Whitecaps FC (Major League Soccer or MLS). Mr. Fackler was named 2014 MLS Ticketing Sales Executive of the Year. Mr. Fackler joined the Whitecaps FC in 2012 as Director, Corporate Partnerships before he moved over to lead the sales teams as Director, Sales & Service. He has over 15 years of experience in sales and promotion. Prior to joining the Whitecaps FC, Mr. Fackler worked as the Senior Director, Corporate Sales Western Canada for Comcast Spectacor's Front Row Marketing, providing commercial rights management for Abbotsford Heat of the American Hockey League (AHL). His other experience includes roles at Sport BC, Vancouver Canucks (National Hockey League), and Inventa Sales & Promotions. Mr. Fackler is a member of the executive committee and board of trustees for the BC Sports Hall of Fame.
Cheryl A. Grant is currently the Director of Business Development at Vitality Products Inc. She joined the Vitality team in 2012 and was instrumental in the Company's commencement of distribution of Vitality's new line of natural health products in September 2013 by introduction of four products in key growth categories to the market. She has over 15 years of experience in marketing and communications. Prior to joining Vitality, Ms. Grant worked as the Marketing Communications Manager, Customer Experience at TELUS. Her other experience includes positions at Best Buy Canada, first as a Communications Specialist, than as a Community Relations Manager, and at Canadian Diabetes Association as the Lead, Team Diabetes. Ms. Grant is the sister of W. Douglas Grant and she is an executor of the Estate of William Neil Grant, a significant shareholder of the Company. Ms. Grant graduated from the University of British Columbia with a Bachelor of Arts degree (double major in English and Geography).
VITALITY DIRECTOR ROBERT H. GRANT RESIGNS FROM THE BOARD
Vitality Products Inc. announces that Robert H. Grant has resigned from the Board of Directors for personal reasons effective July 21, 2015. Mr. Grant decided not to seek re-election at the AGM and was a director of the Company since 1992. Mr. Grant was also the Chief Financial Officer and Secretary of the Company since 2013. The Board wishes to express its appreciation for Mr. Grant's years of service to the Company.
VITALITY BOARD APPOINTS CHERYL A. GRANT AS VICE PRESIDENT & CFO
Cheryl A. Grant has been appointed Vice President, Chief Financial Officer and Secretary of the Company by the Board of Directors effective July 21, 2015, replacing Robert H. Grant.
VITALITY GRANTS 450,000 INCENTIVE STOCK OPTIONS
Vitality Products Inc. announces that, pursuant to its stock option plan, the Company has granted incentive stock options to directors, officers, and employees which will entitle the option holders to purchase up to 450,000 common shares of the Company at a price of $0.10 per share for a period of five years. These options are not subject to any vesting schedule and may be exercised at any time up to the expiry date of July 21, 2020. These options are subject to a four-month hold period commencing July 21, 2015. Shareholders ratified and approved, subject to regulatory approval, the continuance of the Company's 10% rolling stock option plan at the Company's AGM held on July 21, 2015.
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]