MIAMI, Jan. 23, 2007 (PRIME NEWSWIRE) -- Cross Atlantic Commodities, Inc. (OTCBB:CXAC), is pleased to announce the signing of an exclusive distribution agreement with a German-based manufacturer of unique ice cream products, Durigon Gelato GmbH. Cross Atlantic is now the sole United States distributor of all Durigon products, which consists of independently unique ice cream items that are specifically suitable for mainstream retailers.
Durigon has been an established family business for more than 30 years, with over 150 employees. Durigon's products are currently widely distributed throughout Europe with sales through major retailers in more than 4,000 stores. The company is excited about the opportunity to sell their products throughout the United States, which has an estimated $20 billion ice cream market. Cross Atlantic will showcase Durigon's line of ice cream products to all major retailers, industry specific wholesalers, along with our current regular distribution networks throughout the United States.
Cross Atlantic views the large but conservative ice cream market as an opportunity to penetrate the industry with unique, innovative products, and capture a market share of this $20 billion industry. "We essentially have taken a proven revenue producing product and enhanced it by creating new flavor variations, along with creative presentation," said Jorge Bravo, V.P business development. Mr. Bravo has 20 years of experience in the ice cream industry and he went on to say, "The products that Durigon manufactures have a natural space in the U.S. marketplace. We have the ability to deliver specialty ice cream products that can retail at average prices to the consumer, while retailers are increasing their margins, and therefore maintaining loyal customers."
Cross Atlantic is constantly expanding, and diversifying its business to coincide with various market trends. "We are excited about the addition of Durigon's ice cream products to our expanding Wholesale Foods Division," stated Michael Enemaerke CEO, "and having exclusive U.S. distribution rights leaves our company poised for exponential growth."
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc. (OTCBB:CXAC) is a diversified commodity importer and holding company, specializing in the coordination of bringing unique food products from the source to commercial worldwide markets. Cross Atlantic Commodities' offices in New York, Miami, Copenhagen and Kampala provide global reach and focus on product diversification. Cross Atlantic Commodities will, through its wholesale food division, work with major retailers in sourcing and importing unique food items for the U.S. markets. The company also plans to brand and manufacture its own line of commodity products and the company is just announcing its first retail product ready for distribution launched under its own brand name, BlackWhiteCoffee.
For more information on Cross Atlantic Commodities, Inc. or its investment opportunities please visit http://www.crossac.com or contact its corporate headquarters at (754) 245-6453.
Forward-Looking Statement Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.