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TORONTO, ONTARIO--(Marketwired - Feb 5, 2016) - Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE:XYL) announced today that Andrew Reid has resigned from his duties as President, Chief Executive Officer, and a director of the Company, effective immediately. The Board of Directors has initiated a search process to identify an appropriate replacement for Mr. Reid as President and Chief Executive Officer.
Mr. Daher, a director of the Company, stated, "On behalf of the Board of Directors and the Company, I would like to thank Andrew for his commitment and many contributions to Xylitol Canada over the years, and wish him well in his future endeavours."
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.
Xylitol Canada Inc.