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Vita Announces 2nd Quarter Results

July 24, 2008

CHICAGO, July 24 /PRNewswire-FirstCall/ — Vita Food Products (Pink Sheets: VFPI) today announced its financial results for the 2nd quarter ending June 30, 2008. The Company’s 2008 unaudited income statement is attached hereto.

The Vita Seafood division is a U.S. leader in the herring and retail packaged salmon markets, and is engaged in several other food segments, including cream cheese, cocktail sauce, tartar sauce and horseradish. The Company markets and sells these items under the Vita(R), Elf(R) and Grand Isle(R) brands. More than 95% of Vita Seafood’s sales are in kosher foods.

Vita Specialty Foods, Inc., the Company’s wholly owned subsidiary, markets and sells honey, salad dressings, barbecue sauces, salsas and other flavor enhancing products.

The Company’s common stock is currently quoted on the Pink Sheets, the electronic quotation and trading system for the OTC securities, under the symbol “VFPI”.

                             VITA FOOD PRODUCTS,INC                   Condensed Consolidated Statement of Income                    ( in thousands, except per share data )                                  (Unaudited)                              Three Months Ended       Six Months Ended                              June 30, June 30,       June 30, June 30,                              -------- -------- ----- -------- -------- -----                               2008     2007   Change  2008     2007   Change                              -------- -------- ----- -------- -------- -----    Net Sales                  $12,943  $11,744   10%  $25,594  $24,518    4%   Cost of Goods Sold           9,290    8,146   14%   18,338   16,958    8%                              -------- -------- ----- -------- -------- -----   Gross Margin                 3,653    3,598    2%    7,256    7,560   (4%)    Selling and Administrative    Expenses     Selling, Marketing and      Distribution              2,606    2,327   12%    4,973    4,531   10%     Administrative               867      927   (6%)   1,640    2,056  (20%)                              -------- -------- ----- -------- -------- -----     Total Selling and      Administrative Expenses   3,473    3,254    7%    6,613    6,587    0%                              -------- -------- ----- -------- -------- -----   Operating Income               180      344  (48%)     643      973  (34%)    Interest Income                (17)                    (17)   Interest Expense               193      295  (35%)     407      618  (34%)                              -------- -------- ----- -------- -------- -----   Income Before Income Taxes       4       49  (92%)     253      355  (29%)   Income Tax                       2       20  (90%)     102      141  (28%)                              -------- -------- ----- -------- -------- -----   Net Income                      $2      $29  (93%)    $151     $214  (29%)                              ======== ======== ===== ======== ======== =====    Earnings per common share:   Basic                           $-    $0.01          $0.02    $0.04                              ======== ========       ======== ========   Diluted                         $-    $0.01          $0.02    $0.04                              ======== ========       ======== ========   Weighted average shares    outstanding:   Basic                        7,367    4,970          7,367    4,953   Diluted                      7,367    4,974          7,367    4,956  

Vita Food Products

CONTACT: Clifford Bolen, President and Chief Executive Officer of VitaFood Products, +1-312-738-4500, cbolen@vitafoodproducts.com




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