CONCORD, Ontario, March 16, 2011 /PRNewswire/ -- Vital Products, Inc. (OTC Bulletin Board: VTPI), a multichannel innovator in the industrial packaging sector, announced today that they expect sales to exceed $750,000 for the first six month period ending January 31, 2011.
"We are delighted with the continued sales growth from our products, in the first half of our 2011 year. We have already surpassed last year's sales and we are well on our way to exceed our $1 million sales estimate issued last November," said Michael Levine, CEO of Vital Products Inc.
Levine continued, "With our new formulation of 100% natural and renewable Bio Foam we look forward to continued growth as we expand our market reach."
About Vital Products, Inc.
Vital Products, Inc. is a distributor of industrial packaging products. The company plans to identify and invest in emerging market segments in the industrial packaging sector as well as research and develop products it can patent and license in the environmentally sustainable packaging markets. For more information visit our website at www.vitalproductsinc.com.
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.
SOURCE Vital Products, Inc.