FORT LAUDERDALE, Fla., March 10, 2009 (GLOBE NEWSWIRE) -- Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC), is proud to announce it has signed a Letter of Intent (LOI) to acquire T-3 Media Inc.
Jorge Bravo, President and CEO of CXAC, stated, "We are extremely thrilled to be announcing today's news. Management has worked tirelessly to bring value back to CXAC shareholders and today's news is without a doubt the biggest news we have had to report in a very long time. T-3 Media has two patents in which it generated an unprecedented $1 million in revenue in 2008 from the marketing and distribution of OMG!(tm) products. Stephan Todd Smith is the mastermind behind T-3 and CXAC is honored to have him as a new addition to our team."
"T-3 is a perfect fit; CXAC seeks to generate multiple streams of income from a variety of products that appeal to the masses. Both products offered through T-3 are unquestionably the perfect fit for the new CXAC and shall do very well for our bottom line," stated Bravo.
Stephan Todd Smith, CEO of T-3 Media, Inc., stated, "T-3 Media, Inc. (T-3) will become a wholly owned subsidiary of CXAC with the intention of marketing our patented lifestyle enhancement products for women. T-3 enters this arrangement with CXAC with high expectations that the quality products produced by T-3, coupled with the sales and marketing platform of CXAC, will result in outstanding earnings and investor return."
With T-3 as a wholly owned subsidiary of CXAC Jorge Bravo will remain CEO of CXAC and Stephan Todd Smith will become President of T-3 Media, Inc. and shall become a Director of CXAC.
"T-3 will maintain its relationships with key pharmaceutical personnel allowing for advisory panel input from industry experts with regards to product information and further research and development. The advisory panel consists of pharmaceutical experts who have launched products producing billions of dollars in revenue including Xanax, Depo Provera, Motrin, Viagra, and Lipitor just to name a few. T-3 enters this arrangement with full faith and confidence that this is the most advantageous strategic partnership with regards to product promotion and launch, effective corporate management and shareholder value," concluded Smith.
"Today's news does not impact our decision of a reverse split; I want to reiterate that CXAC will not conduct a reverse split of its stock during the second quarter, and our board of directors will meet in the near future to deliberate on announcing the extension of this policy to include the rest of 2009. We are talking the talk and have begun to walk the walk. Today is a new day for CXAC," Bravo said.
About T-3 Media, Inc.: Founded in 2008, T-3 Media Inc. is a Nevada corporation headquartered in Atlanta, Georgia that markets and distributes OMG!(tm) products; OMG!(tm) feminine gel and Lip Plump. T-3 Media has two patents for its OMG!(tm) feminine gel that was developed by a gynecologist, FDA cleared, and is clinically proven to be VERY effective! T-3 Media Inc. OMG!(tm) products can be viewed at http://www.omggel.com/products.htm.
About Cross Atlantic Commodities, Inc.: Cross Atlantic Commodities, Inc. (CXAC) manufactures Rejuv by Caci(r), an immediate results anti-aging cream. CXAC is a publicly traded company under the symbol CXAC. For more information, visit www.crossac.com
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