Xylitol Canada Inc.

Xylitol Canada Inc.

April 29, 2013 16:59 ET

Xylitol Canada Inc. Financial Results for Year Ended December 31, 2012

TORONTO, ONTARIO--(Marketwired - April 29, 2013) - Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE:XYL) today announces that it has released its financial and operating results for the year ended December 31, 2012. Highlights of the results include:

  • For the year ended December 31, 2012, sales increased by 58% to $3,473,053, compared to $2,200,610 for the year ended December 31, 2011;
  • For the year ended December 31, 2012, gross profit increased by 49% to $1,168,630, compared to $784,011 for the year ended December 31, 2011.

The full text of the Company's audited consolidated financial statements and related management's discussion and analysis ("MD&A") can be found 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. For further information about the Company, please contact 1-866-995-9952, or by email at IR@xylitolusa.com.

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.

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