XML parsing issue

<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<dynamic-data version="2.3" serial-number="201110192" name="index" xmlns="http://services.pangora.com/livexml">
    <params>
        <param name="poe">4</param>
    </params>
    <sub-categories-module>
        <params/>
        <sub-categories n="11">
            <sub-category n="5" total="5" nr-of-products="4132" nr-of-offers="177303" parent-cid="0" cid="52124">
                <label>Audio, Video & TV</label>
                <category nr-of-products="779" nr-of-offers="2094" parent-cid="61207" cid="47165">
                    <label>LCD TVs</label>
                </category>
                <category nr-of-products="289" nr-of-offers="2790" parent-cid="61122" cid="47091">
                    <label>MP3 Players & Media Players</label>
                </category>
                <category nr-of-products="284" nr-of-offers="3234" parent-cid="61161" cid="47124">
                    <label>Navigation Systems</label>
                </category>
                <category nr-of-products="321" nr-of-offers="3466" parent-cid="61207" cid="47163">
                    <label>Projectors</label>
                </category>
                <category nr-of-products="253" nr-of-offers="7800" parent-cid="61214" cid="47154">
                    <label>Hifi & TV Speakers</label>
                </category>
            </sub-category>
        </sub-categories>
    </sub-categories-module>
</dynamic-data>

<xsl:stylesheet version="1.0" xmlns:xsl="http://www.w3.org/1999/XSL/Transform">

<xsl:output method="xml" omit-xml-declaration="yes"/>

  <xsl:template match="/">

        <xsl:apply-templates select="dynamic-data/sub-categories-module/sub-categories/sub-category" />

  </xsl:template>

  <xsl:template match="dynamic-data/sub-categories-module/sub-categories/sub-category">

  	<strong><xsl:value-of select="label" /></strong>

  </xsl:template>

</xsl:stylesheet>