Trading Symbol: VPI
VANCOUVER, Sept. 29, 2016 /CNW/ - The financial results
of the Company for the three months ended July 31, 2016 show a net loss of $36,360 or $0.00
per share compared to a net loss of $76,538 or $0.01
per share for the same period last year. Sales for the three
months ended July 31, 2016 increased
172% to $67,369 (2015 - $24,710). The Company's general and
administrative expenses for the three months ended July 31, 2016 was $85,884 (2015 - $93,127) as the Company focused its efforts in
expanding distribution, improving sales and launching a fifth
product into the market in May
2016.
Vitality attended and exhibited at CHFA East - Canada's largest
natural health trade show and conference in September 2016 in Toronto, Ontario. The Company had the
opportunity at the trade show to meet with brokers, distributors
and retailers at its own booth, sell its products and provide
information regarding Vitality's products.
Vitality products are available for sale in 300 retail stores
(2015 - 200 retail stores) located in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Yukon. A full list of the
retailers is available at www.vitality.ca.
The Company's condensed interim financial statements and
management's discussion and analysis for the six months ended
July 31, 2016 and 2015 are available
on the SEDAR website 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.