Xylitol Canada Inc.: Financial Results for Three Months Ended March 31, 2015
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/28/15 -- Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE: XYL) today announces that it has released its financial and operating results for the three months ended March 31, 2015.
Highlights of the results include:
Commented Andrew Reid CEO of Xylitol Canada: "While our year over year Q1 numbers were down slightly, it is easily attributed to the West Coast port strike that made it difficult for us to get timely delivery of our Organic Coconut Palm Sugar. We were forced to push some deliveries and commitments into Q2, however we don''t expect this strike, which has now been resolved, to have any material impact on our 2015 numbers. On a positive note, the Company deployed its new pricing structure on March 31 to customers throughout North America. This pricing adjustment came as a response to raw material price adjustments, and more so to compensate for the strong US dollar that negatively affected the part of our USA based product business that billed Canadian customers in Canadian dollars."
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: 28.05.2015 - 14:35 Uhr
Sprache: Deutsch
News-ID 1362141
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