LAGUNA WOODS, Calif., April 5, 2013 /PRNewswire/ -- Vital Products, Inc. (OTCBB: VTPI), a business to business supplier of printer cartridges, is pleased to provide the following update to its shareholders.
As of February 27, 2013 DTC has lifted the Deposit Chill and has resumed accepting deposits of our stock for depository and book-entry transfer services. As well over the past year, the company has progressed well with the development of a solid business model as reflected in our most recent 10q for the period ended January 31, 2013 with sales for the six months ended January 31, 2013 of $1,089,522 and a gross profit of $144,939 an increase from $10,425 in sales and gross profit of $2,994 a year earlier
Our net loss has also been reduced from $95,188 to $72,779 for the same period.
"Our goal is to continue to grow the business so we can enhance the top line and produce solid results to the bottom line," commented James McKinney, CEO of Vital Products. McKinney continued "The past few weeks have been a particularly exciting period for us, we are working with an exceptional team and continue to gain momentum exploring niches and developing exciting revenue streams. I look forward to keeping you updated on our progress."About Vital Products, Inc. Vital Products, Inc. is a business to business supplier of remanufactured and compatible LaserJet and inkjet cartridges. This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-KSB. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
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