William N. Grant increases Vitality common shareholdings to 22.22%

    Trading Symbol: VPI

    VANCOUVER, May 4 /CNW/ - Mr. William N. Grant, President & CEO of
Vitality Products Inc. ("Vitality"), wishes to announce that he acquired
ownership of 50,000 common shares in the capital of Vitality at an average
price of $0.05 per share on the TSX Venture Exchange today. The 50,000 common
shares of Vitality purchased by Mr. Grant represent 0.25% of the outstanding
common shares of Vitality. Mr. Grant, through either direct ownership or
indirect ownership, now beneficially owns and controls 4,419,734 common shares
of Vitality or 22.22% of the outstanding common shares of Vitality.
    Mr. Grant continues to rely on the normal course purchase exemption under
Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. Mr. Grant's
offer to acquire common shares of Vitality is an exempt take-over bid as it
satisfies all of the conditions of the normal course purchase exemption. These
conditions are:

    (1) Mr. Grant's bid is not more than 5% of the outstanding common shares
        of Vitality as he purchased 0.25% of the outstanding common shares;

    (2) The aggregate number of Vitality common shares acquired in reliance
        on this exemption by Mr. Grant within any period of 12 months does
        not exceed 5% of the outstanding common shares of Vitality at the
        beginning of the 12-month period;

    (3) There is a published market for Vitality common shares on the TSX
        Venture Exchange; and

    (4) The value of the consideration paid for any of the Vitality common
        shares acquired by Mr. Grant is not in excess of the market price at
        the date of the acquisition.

    Mr. Grant acquired the common shares for investment purposes and may,
depending on market and other conditions, increase or decrease his ownership
position in securities of Vitality through market transactions, private
agreements, treasury issuances or otherwise. A copy of the Early Warning
Report will be available on the SEDAR website at www.sedar.com.

    "William N. Grant" (signed)

    William N. Grant

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00005856E

For further information:

For further information: or to obtain a copy of the Early Warning
Report, please contact: William N. Grant at (604) 683-6611 or

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890