|By Marketwired .||
|June 17, 2014 04:40 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/17/14 -- Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE:XYL) announced that Mr. Michael Boyd has resigned from the Board, effective June 12, 2014 in order to devote time to the requirements of his other business interests. The Board now consists of Mr. Thomas Kierans (Chairman), Mr. Pankaj Modi, Mr. Roger Daher, Mr. Brad Saville, Mr. Len Bykowski, Mr. Horst Heuniken and Mr. Andrew Reid (Xylitol Canada CEO). Messrs. Modi, Saville and Bykowski shall not be standing for re-election to the Board at its upcoming Annual General and Special Meeting of the Shareholders ("AGM") scheduled for July 17, 2014. On this basis and subject to approval at the AGM, the Company's Board shall then be comprised of four Directors, being Mr. Thomas Kierans, Mr. Roger Daher, Mr. Horst Heuniken and Mr. Andrew Reid.
Xylitol Canada Chairman Thomas Kierans stated: "The Board has valued the dedication, counsel and probity of Michael Boyd, Pankaj Modi, Brad Saville and Len Bykowski. We thank them for their service and extend best wishes in their current and future endeavors."
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 an 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.
President and CEO
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