Business
Vitality reports 2007 year end results
Vitality reports 2007 year end results.
About this update from Vitality Products Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, May 31 /CNW/ - The financial results of the Company for its\nyear ended January 31, 2007 show a net loss of $338,355 or $0.03 per share\ncompared to a net loss of $140,330 or $0.01 per share for the same period last\nyear.\n\n\nThe Company's net loss increased significantly in 2007 as the Company\nwrote off $206,369 of the development costs due to the existence of\nuncertainty regarding the recovery of the deferred costs through future income\nstreams. Development costs are expenditures incurred in the development of\nwhole food nutraceuticals, condition-specific formulated products, along with\nother new products prior to the commencement of commercial production. The\nCompany is still confident that it will be able to obtain Natural Health\nProduct Numbers and commence commercial production of its new vitamin products\nin the future.\n\n\nThe Company's audited financial statements and management's discussion\nand analysis for the year ended January 31, 2007 are available on SEDAR at\nwww.sedar.com.\n\n\nOn behalf of the Board of\n\n\nVITALITY PRODUCTS INC.\n\n\n"W. Douglas Grant" (signed)\n\n\n---------------------------------------\n\n\nW. Douglas Grant, Vice President & CFO\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005856E\n\n\n","length":1491,"tagName":"div"}]