MIAMI, Oct. 13, 2006 (PRIMEZONE) -- Cross Atlantic Commodities, Inc. (OTCBB:CXAC) announced today that it has received NASD approval to commence trading on the NASDAQ OTC Bulletin Board effective Monday, October 9th 2006. The company's common stock will trade under the symbol CXAC.OB.
Michael Enemaerke, CEO, stated, "Our business plan for Cross Atlantic Commodities, Inc. ("CXAC") is a diversified commodity importer and commodity holding company." Mr. Enemaerke continued, "The management team's goal is to increase shareholder value by achieving substantial revenue growth in our core business and through potential acquisitions."
Jorge Bravo, VP Business Operations, added, "Our wholesale/retail food brokerage business is based on providing consumers the highest quality specialty food and ice cream products produced efficiently and profitably using the latest manufacturing techniques and specialized equipment."
The company business plan discusses both a short- and a long-range strategy for developing this market niche and demonstrates its long-term viability of our new and unique product selections. Cross Atlantic Commodities, Inc. currently wholesales a high-quality East African Arabica coffee at a highly competitive price. CXAC's goal to use this roasted coffee as a secure source, giving us a highly competitive private label brand Black White Coffee(tm). The company is working in close conjunction with farmers and suppliers to ensure the finest quality of our new retail coffee products. We are involved in the process from "bean to cup," giving farmers and suppliers a favorable way to sell their products to consumers.
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 commodity 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. Our supply chain is designed to provide customers worldwide, high-quality, low-priced products through our sophisticated network of farmers, suppliers and state-of-the-art United States FDA testing facilities. Cross Atlantic Commodities, Inc. management's goal is to deliver a well-financed, high-volume broker/dealer and import operation. We are always focused on high quality, price and sustainability of business when looking for future acquisitions for our subsidiary portfolio companies.
Spartan Securities Group, Ltd. was very instrumental in CXAC receiving regulatory clearance for the NASD and is the market maker of record. Spartan Securities Group, Ltd. is a privately held, full service investment banking firm with a dedicated team of professionals serving the needs of emerging growth companies.
For more information on investing or on Cross Atlantic Commodities, Inc. please visit www.crossac.com or contact its corporate headquarters at (754) 245-6453.