Vitality reports 2009 year end results

About this update from Vitality Products Inc.

[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, June 1 /CNW/ - The financial results of the Company for its\nyear ended January 31, 2009 show a net loss of $286,839 or $0.01 per share\ncompared to a net loss of $733,216 or $0.05 per share for the same period last\nyear. The Company's net loss decreased significantly in 2009 as the Company\nrecognized a stock based compensation expense of $5,719 (2008 - $380,460). The\n2008 stock based compensation expense was high due to the assumptions required\nin the Black-Scholes option-pricing model, specifically, the Company's stock\nprice volatility over the past five years.\n\n\nThe financial results of the Company for the three months ended January\n31, 2009 show a net loss of $60,448 or $0.00 per share compared to a net loss\nof $532,476 or $0.03 per share for the same period last year. The Company\nrecognized the stock based compensation expense of $380,460 during the fourth\nquarter of fiscal 2008.\n\n\nThe Company's audited financial statements and management's discussion\nand analysis for the year ended January 31, 2009 are available on SEDAR at\nwww.sedar.com.\n\n\nOn behalf of the Board of\nVITALITY PRODUCTS INC.\n\n\n"William N. Grant" (signed)\n\n-------------------------------------\nWilliam N. Grant, President & CEO\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005856E\n\n\n","length":1528,"tagName":"div"}]

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