FORT LAUDERDALE, Fla., March 2, 2009 (GLOBE NEWSWIRE) -- Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC), a manufacturer and distributor of nationally branded commodities, including food and general merchandising for stores nationwide, confirms today that their nationwide commercials for its Rejuv by Caci(r) beauty products are well on their way. CXAC also updates shareholders on its business plans for the second quarter.
Jorge Bravo, President and CEO of CXAC, comments, "We launched our Rejuv by Caci commercials at the beginning of last week. Rejuv by Caci commercials are being seen on 5 channels nationwide by approximately 250 million subscribers."
CXAC has confirmed that both the web site and call center are taking orders. "It is too soon to begin gauging the merits of the campaign," stated Bravo. "Yes, we are excited so far, and will be begin evaluating the results of the test at the beginning of this week, and keep the public advised of the results. These commercials are simply a test bed for what we plan on campaigning in the near future," continued Bravo.
In Other Business: Jorge Bravo comments, "I want to put an end to the rumors about a reverse split." "There wasn't a need to reverse split our stock in the first quarter nor will there be a need in the second quarter," stated Bravo. "We are moving along just fine and don't see the need to get involved with a reorganization of the company's stock. A reverse is not going to happen in Q2," continued Bravo.
Bravo concluded by stating, "We will continue to fight for a better stock price but at this very moment our sole focus is revenue. As I have stated before, the revenue will drive our stock's price. I am not overly concerned with the daily stock activity; currently we believe traders are taking advantage of our volatility. As soon as we are fully transparent the stock should take care of itself."
About Cross Atlantic Commodities, Inc.:
Cross Atlantic Commodities, Inc. manufactures, distributes and markets specialty food products and general merchandise to large food chains, clubs, and mass merchants. Fruit 2 Go(r) brand is a unique and healthy fruit snack packaged in a squeezable pack from our own design. Spray n Shine is our environmentally friendly waterless wash & wax that will clean up to five cars in a single can without the use of water or soap. Rejuv by Caci is our immediate results anti-aging cream. Cross Atlantic Commodities, Inc. is a publicly trading company under the symbol CXAC. For more information, visit www.crossac.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This document contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after.
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (I) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.