Sweet Natural Trading Co. Ltd. (XYLTF)

[fast.money]

$XYLTF XYLITOL CANADA INC. Q3 2014 FINANCIAL RESULTS

COMPANY ANNOUNCES 60% REVENUE GROWTH FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014

November 14, 2014 – Toronto, Ontario – Xylitol Canada Inc. (“Xylitol Canada”, or the “Company”)(XYL-TSX Venture) today announces that it has released its financial and operating results for the Fiscal 3rd Quarter and nine months ending September 30, 2014.

"We are pleased that the commercial acceptance for our products continues to be at an all-time high as indicated by our 60% year over year revenue growth. The strong U.S. Dollar combined with geographic sales mix led to some margin compression during the quarter. Our product division intends to implement measures in Q4 to enhance gross margins as we enter our busiest season. We look forward to continued expansion of our product division as the negative pressure on refined sugar and artificial sweeteners continue to accelerate" commented Andrew Reid, CEO of Xylitol Canada.

The Company also wishes to thank Frank Iadipaolo for his services as interim CFO during the 2nd and 3rd quarters of 2014. Mr. Iadipaolo was instrumental in setting up a robust internal control system, daily and weekly divisional reporting, and he architected an across the board costing and margin analysis program. Mr. Iadipaolo’s structural initiatives under a tight timeline are applauded. During this transition, the Company would like to welcome Kyle Appleby back to Xylitol Canada as CFO.

The full text of the Company’s interim consolidated financial statements and related management's discussion and analysis ("MD&A") can be found at: http://www.sedar.com