Xylitol Canada Inc. Financial Results for Three and Twelve Months Ended December 31, 2014
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/30/15 -- Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE: XYL) today announces that it has released its financial and operating results for the Fiscal year ending December 31, 2014 in addition to the 4th Quarter results for the period of October 1, 2014 to December 31, 2014.
Highlights of the results include:
"We are very pleased to announce over $8,600,000 in revenue up from $6,500,000 last year. Continued new customer acquisition combined with SKU expansion into our existing customer base were both key contributors to our sales growth. While margins were compressed due to the strong US Dollar, we have adjusted pricing where we had this exposure and we are confident our margins will normalize in the coming quarters. The market continues to be very strong for our products due to the heightened concerns over refined sugar and artificial sweeteners. We continue to remain excited about the future for our Company and our premium natural products," commented Andrew Reid, CEO of Xylitol Canada.
The full text of the Company''s interim consolidated financial statements and related management''s discussion and analysis ("MD&A") can be found at: .
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. For further information about the Company, please contact 1-866-995-9952, or by email at .
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.
Contacts:
Xylitol Canada Inc.
1-866-995-9952
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Datum: 30.04.2015 - 14:23 Uhr
Sprache: Deutsch
News-ID 1355611
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