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XYL

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Share Name Share Symbol Market Type
TSXV:XYL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Xylitol Canada Inc. Financial Results for Three and Nine Months Ended September 30, 2013 and Results of Special Meeting of Sh...

26/11/2013 1:16pm

Marketwired Canada


Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE:XYL) today
announces that it has released its financial and operating results for the three
and nine months ended September 30, 2013. Highlights of the results include:




--  For the nine months ended September 30, 2013, sales increased by 52% to
    $3,953,472, compared to the nine months ended September 30, 2012; 
--  For the three months ended September 30, 2013, sales increased by 85% to
    $1,476,488, compared to the three months ended September 30, 2012; 
--  For the nine months ended September 30, 2013, gross profit increased by
    38% to $1,235,242, compared to the nine months ended September 30, 2012;
--  For the three months ended September 30, 2013, gross profit increased by
    77% to $421,355, compared to the three months ended September 30, 2012.



"The 3rd quarter of 2013 illustrates the growth trajectory we are experiencing
heading into our busiest selling season. The 85% top line increase (when
comparing Q3 2012 to Q3 2013) is indicative of the traction our products are
experiencing in the marketplace. The adoption of our best-selling lines at major
retailers throughout North America is starting to become quite transparent in
our financials, and we expect these contributions to be increasingly apparent as
we move forward and sales cycles and rollouts become more mature," commented
Andrew Reid, Chief Executive Officer of Xylitol Canada Inc.


The full text of the Company's interim consolidated financial statements and
related management's discussion and analysis can be found at: www.sedar.com.


The Company is also pleased to announce the results of a special meeting of
shareholders held on November 21, 2013 (the "Meeting"). At the Meeting,
disinterested shareholders who voted unanimously approved the creation of a new
Control Person (as that term is defined in the policies of the TSX Venture
Exchange) being Dundee Agricultural Corporation ("Dundee"). Common shares of the
Company held by Dundee were excluded from the vote. Subject to TSX Venture
Exchange approval, Dundee now has the option to convert the principal balance
and accrued interest on its $3 million loan to the Company into common shares of
the Company.


About Xylitol Canada Inc.

Xylitol Canada markets xylitol and xylitol based-products and is focused on
becoming a major low-cost manufacturer of xylitol and related products, serving
the global market from operations in North America. Xylitol Canada's business
strategy is to leverage novel proprietary technology and processes to become
North America's premier manufacturer of low cost, high quality xylitol from
readily available environmentally-sustainable biomass. Xylitol is a natural
sweetener which is marketed globally including Canada and the United States and
is accepted by the American Food and Drug Administration, the World Health
Organization and the American Dental Association. Xylitol contains 75% less
carbohydrates and 40% less calories than sugar, has a myriad of oral health
benefits including the prevention of tooth decay and is safe for diabetics. To
date, wider spread use of xylitol has been limited by the lack of a reliable,
low cost, high quality supplier. 


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Xylitol Canada Inc.
1-866-995-9952
IR@xylitolusa.com

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