NEWS

COMPANY HEADLINE

Thursday, February 14, 2008

LifeVantage Corporation Announces 2Q FY 2008 Financial and Operating Results

LifeVantage Corporation (OTCBB: LFVN), http://www.lifevantage.com, maker of Protandim®, today announced results for its second quarter ended December 31, 2007. For the three month period ended December 31, 2007, the Company recorded net revenues of $0.8 million and a loss of $(0.4) million, or $(0.02) per share. For the three month period ended December 31, 2006, the Company recorded net revenues of $1.1 million and a loss of $(1.8) million, or $(0.08) per share.

For the six month period ended December 31, 2007, the Company recorded net revenues of $1.6 million and a loss of $(0.7) million, or $(0.03) per share comparing to net revenues of $3.2 million and a loss of $(2.6) million, or $(0.12) per share for the six month period ended December 31, 2006.

LifeVantage President and CEO, David W. Brown, commented, "The cost containment programs implemented during the prior fiscal year have significantly improved the Company's bottom line. The Company experienced positive cash flow from operations during both the three and six month periods ended December 31, 2007. This is the first time the Company had positive cash flow from operations in two years, since the Company's second quarter ended December 31, 2005." Mr. Brown added, "Our effort can now be directed to growing sales, enhancing distribution channels, and developing investor relations to enhance shareholder value."

The Company's Treasurer, Bradford Amman, continued, "In addition to the increase in cash flow from operations as a result of dramatic cost savings, the proceeds received from the issuance of convertible debentures in September and October 2007 provide LifeVantage with working capital to build sales and position the Company to achieve its goals."

About Protandim®

Protandim® is a unique approach to fighting the effects of cell-damaging free radical molecules which advance the aging process, including many of the diseases of aging. The patented dietary supplement increases the body's natural antioxidant protection by inducing the cells of the body to produce naturally occurring protective antioxidant enzymes, a process which is thousands of times more effective than traditional vitamin-mineral supplements. Free radical damage occurs when a person is subjected to environmental stresses and generally increases with age. Data from a peer-reviewed scientific study in men and women, sponsored by LifeVantage, show that after 30 days of taking Protandim®, the level of circulating toxins produced by free radicals decreased an average of 40 percent, slowing the progressive aging factors to the level of a 20 year old. With continued use, the decrease was maintained at 120 days. For more information, please visit the Protandim® product web site at www.protandim.com or contact Jan Strode at 619.890.4040.

About LifeVantage Corporation

LifeVantage Corporation is a publicly traded (OTCBB: LFVN), science based, natural products company, dedicated to helping people reach their health and wellness goals through science-based solutions to oxidative stress. Founded in 2003 and based in Colorado, LifeVantage develops nutraceutical products, including Protandim, that leverage the company's expertise and that are intended to deliver significant health benefits to consumers. For more information, visit www.protandim.com or contact Jan Strode at (619) 890-4040.

This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.The Company uses the words "anticipate,""believe,""could,""should,""estimate,""expect,""intend,""may,""predict,""project,""plan,""target" and similar terms and phrases, including references to assumptions, to identify forward-looking statements.These forward-looking statements are based on the Company's current expectations and beliefs concerning future events affecting the Company and involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein.These risks and uncertainties include, among others, the risk that government regulators and regulations could adversely affect our business; future laws or regulations may hinder or prohibit the production or sale of our existing product and any future products; unfavorable publicity could materially hurt our business; and the Company's ability to protect our intellectual property rights and the value of our product.These and other risk factors are discussed in greater detail in the Company's Annual Report on Form 10-KSB under the caption "Risk Factors", and in other documents filed the Company from time to time with the Securities and Exchange Commission.The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document.All forward-looking statements are based on information currently available to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this document, except as required by law.

LIFEVANTAGE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
December 31, 2007 		(Audited)

June 30, 2007

ASSETS
Current assets
Cash and cash equivalents $ 142,036 $ 160,760
Marketable securities, available for sale 1,475,000 -
Accounts receivable, net 151,567 398,463
Inventory 34,943 27,834
Deferred expenses 71,025 117,807
Deposit with manufacturer 329,236 388,791
Prepaid expenses 95,019 60,175
Total current assets 2,298,826 1,153,830
Property and equipment, net 80,036 108,915
Intangible assets, net 2,295,109 2,311,110
Deferred offering costs, net 236,089 -
Deposits 93,588 340,440
TOTAL ASSETS $ 5,003,648 $ 3,914,295

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
Accounts payable $ 187,778 $ 148,699
Accrued expenses 488,887 230,811
Deferred revenue 507,450 818,250
Capital lease obligations, current portion 2,037 2,301
Total current liabilities 1,186,152 1,200,061
Long-term liabilities
Capital lease obligations, net of current portion - 846
Convertible debt 221,193 -
Total liabilities 1,407,345 1,200,907
Commitments and Contingencies - -
Stockholders' equity
Preferred stock, par value $.001, 50,000,000 shares authorized; no shares issued or outstanding - -
Common stock, par value $.001, 250,000,000 shares authorized; 22,378,034 and 22,268,034 issued and outstanding as of December 31, 2007 and June 30, 2007, respectively
22,378 22,268
Additional paid-in capital 16,978,325 15,395,037
Accumulated (deficit) (13,404,400 ) (12,703,917 )
Total stockholders' equity 3,596,303 2,713,388
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,003,648 $ 3,914,295
LIFEVANTAGE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

For the three months ended
December 31,

For the six months ended
December 31,

2007 2006 2007 2006
Sales, net $ 796,409 $ 1,136,763 $ 1,603,733 $ 3,212,244
Cost of sales 186,019 249,164 363,322 624,715
Gross profit 610,390 887,599 1,240,411 2,587,529
Operating expenses:
Marketing and customer service 388,673 1,068,185 663,121 2,101,000
General and administrative 478,982 1,392,320 904,522 2,799,946
Research and development 28,259 72,653 218,889 138,336
Depreciation and amortization 59,394 30,582 98,885 60,014
Loss on disposal of assets - 93,854 - 93,854
Total operating expenses 955,308 2,657,594 1,885,417 5,193,150
Operating loss (344,918 ) (1,769,995 ) (645,006 ) (2,605,621 )
Other income and (expense):
Interest income (expense), net (56,861 ) 5,155 (55,477 ) 30,707
Other - (166 ) - (10,301 )
Net other income (expense) (56,861 ) 4,989 (55,477 ) 20,406
Net loss $ (401,779 ) $ (1,765,006 ) $ (700,483 ) $ (2,585,215 )
Net loss per share, basic and diluted ($ 0.02 ) ($ 0.08 ) ($ 0.03 ) ($ 0.12 )
Weighted average shares outstanding, basic and fully diluted 22,316,893 22,118,034 22,292,463 22,118,034

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