MIAMI, Nov. 27, 2006 (PRIME NEWSWIRE) -- Cross Atlantic Commodities, Inc. (OTCBB:CXAC), a diversified commodities importer, is pleased to announce the commencement of operations for our new wholesale foods division. We will be presenting products to all major retailers throughout the United States, through our extensive broker network, which, along with existing relationships, has enabled us to go direct to most major chains. We estimate serving at least the top 50 retailers, along with established distribution houses.
Michael Enemaerke, CEO, stated, "We are excited to commence operations for our wholesale foods division." Mr. Enemaerke continued, "This is the beginning of executing our business model and plan. Our management team has worked very diligently to achieve this goal. This division will also enable our company to achieve substantial revenue growth in our core business."
Jorge Bravo, VP Business Operations, added, "CXAC started WFD to import niche products from around the Globe, mainly Europe, where we have our European office sourcing products. We target food related items that are not currently being distributed in the United States, but will integrate easily into the American marketplace. The key is the product more than the customer, who are looking for items that are unique products, and that will bring added value to their stores. The key is sourcing products, and finding the right fit, and the right manufacturer who will work with us to develop the market. Finding these manufacturers is key to our success."
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.
For more information on investing or on Cross Atlantic Commodities, Inc. please visit http://www.crossac.com or contact its corporate headquarters at (754) 245-6453.