TORONTO, ONTARIO--(Marketwire - May 29, 2012) - Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSXV:XYL) today announces that it has released its financial and operating results for the three months ended March 31, 2012. Highlights of the results include:
-- For the three months ended March 31, 2012, sales increased by 80% to
$907,426, compared to the three months ended March 31, 2011;
-- For the three months ended March 31, 2012, gross profit increased by 78%
to $325,746, compared to the three months ended March 31, 2011.
The Company continues to see quarter to quarter revenue growth. The growth is attributed to the Xyla(TM) brand of North American xylitol and Xyla(TM) products becoming more available throughout North America into many major grocery chains and Natural grocers.
The Company continues to raise awareness of its Xyla(TM) North American brand of xylitol and Xyla(TM) products, which are all sweetened with the highest quality Xyla(TM) xylitol. The Company's products do not use any artificial sweeteners and are all sugar free or no added sugar without forfeiting flavor or taste. The Company has recently launched five new Xyla(TM) condiments, including a no sugar added ketchup, which are great for children, diabetics or just sugar free living.
The full text of the Company's audited consolidated financial statements and related management's discussion and analysis can be found under its profile at: www.sedar.com.
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.
|10:02 PM||Mise à jour-Danger pour la santé : Présence possible de la bactérie Salmonella dans certaines avelines (noisettes) en écales ou noix mélangées en écales|
|08:47 PM||Sangoma Reports Results for Third Quarter of Fiscal 2013|
|07:38 PM||Ivanhoe Australia Limited: Proposed Company Name Change to Inova Resources Limited|
|07:02 PM||Calibre Mining Corp. Announces Results of Annual General and Special Meeting|
|07:00 PM||Kariana Resources Inc. Appoints New CEO and Director|
|06:00 PM||Canadian Orebodies Announces Adoption of Advance Notice By-Law|
|05:37 PM||Energy Income Fund Appoints Vestcap Investment Management as Investment Manager|
|05:16 PM||Vanoil Acquires Fluormin Plc.|
|05:01 PM||VIQ Solutions Reports First Quarter 2013 Results|
|05:00 PM||Functional Technologies to Apply for Extension of Creditor Protection Period|
|04:49 PM||Avis aux médias : Le ministre de l'Industrie prononcera une allocution lors d'un événement organisé par Aéro Montréal|
|04:49 PM||Media Advisory: Minister of Industry to Speak at Aero Montreal Event|
|04:44 PM||Pro-Trans Ventures Inc. Announces Resignation of Its President and CEO|
|04:44 PM||Spur Announces Adoption of Advance Notice Policy for Future Shareholder Meetings|
|04:39 PM||Total Energy Services Inc. Reports on Voting from the 2013 Annual and Special Meeting of Shareholders|
|04:38 PM||Exploration Khalkos inc. : Réorientation de la mission corporative sur des projets plus avancés|
|04:38 PM||Khalkos Exploration Inc.: Corporation Mission Shifts Towards More Advanced Projects|
|04:10 PM||IIROC: Resume, Cornerstone Metals Inc.|
|04:03 PM||2013-0507 - Suspension - Ecosse Energy Corp. (ECS)|
|04:03 PM||Leader Energy Services Reports First Quarter 2013 Results|
|04:01 PM||Macro Enterprises Inc. Announces 2013 First Quarter Results and Appointment of Independent Director|
|04:00 PM||Reliant Gold Corp. Announces Filing of Condensed Interim Financial Statements as at and for the Three Months Ended March 31, 2013 and Related Management's Discussion and Analysis|
|03:44 PM||La nouvelle carte électorale fédérale de l'Alberta|
|03:34 PM||Amendes imposées pour omission de respecter une ordonnance du tribunal|
|03:15 PM||Les prix du Barreau pour honorer les meilleurs éléments de la profession|
|03:10 PM||White Tiger Mining Corp.: Review of Exceptional Drill Results to Date for Marshall Lake Property, Ontario|
|03:00 PM||SG Spirit Gold Inc.: Terms for Pangea Energy Corp. Private Placement Announced|
|02:51 PM||Evertz Technologies Limited to Announce Year End Results on June 12, 2013|
|02:36 PM||Avis aux médias : Le ministre Oliver fera la promotion des avantages économique du développement responsable des ressources naturelles|
|02:29 PM||CRS Electronics Announces Resignation of CFO|
|More Press Releases From Marketwired|