Xylitol Canada Inc.
TSX VENTURE : XYL

Xylitol Canada Inc.

February 11, 2016 11:45 ET

Xylitol Canada Announces Appointment of Andrew Reid as President of Plant Development

TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE:XYL) announced today that Andrew Reid, founder and former chief executive officer of the Company, has been retained by the Company as President of Plant Development with respect to the Company's xylose plant building initiatives.

Mr. Reid said, "I've stepped down from the position as CEO and director of the Company in order to focus my time and efforts on our goal of building the first-of-its-kind xylose facility from sustainable biomass in Canada."

Mr. Reid went on to state that, given the changing needs of the Company's maturing product division, which has grown from less than CDN $0.5 million in fiscal 2010 to well over CDN $8 million in fiscal 2014, "I recognize the importance of bringing in a CEO who is well versed in the natural sweetener and product markets and business in order to continue to maximize the Company's product division over the coming years". Year over year consumption of natural sweeteners is growing at approximately 22% per annum, and management of the Company sees the increasing ability of the consumer to educate themselves on healthy choices and products, as well as the ongoing trends towards healthy living, will continue to grow the natural sweetener market for the foreseeable future. Xylitol has been called a "super food" and is a frequently chosen product in the natural sweetener market.

Mr. Reid closed by noting that "start- up businesses are extremely hard to build at any time, but doing so while running two separate divisions requires a lot of effort from many individuals of the highest quality. I'm pleased to be able to focus now on what I'm passionate about and I look forward to dedicating myself to the Company's xylose plant building efforts."

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.

Contact Information

  • Matt Willer
    Director of Xylitol Canada Inc.
    303.991.1999
    Toll free: 1.866.995.9952
    matt@xylitolusa.com