FT. LAUDERDALE, Fla., March 16, 2009 (GLOBE NEWSWIRE) -- Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC), a distributor of specialty "quality of life" enhancement products, is proud to announce that the merger with T-3 Media is finalized. The merger was signed by both parties over the weekend by Todd Smith, President of T-3 Media, and Jorge Bravo, C.E.O. of CXAC.
Under the term of the merger, T-3 Media is now a wholly owned subsidiary of CXAC. T-3 will receive 10% of the outstanding shares of CXAC in restricted stock; these shares will be restricted for two years, with an earn-out when successful milestones are reached.
Todd Smith will head T-3 as president; and Jorge Bravo remains C.E.O. of Cross Atlantic Commodities. Kim Marks will be the CPA; he will prepare all financial information on both companies. Once financial statements and disclosures are completed, Jorge Bravo will upload the documents to pinksheets.com.
Jorge Bravo states, "We are very excited about bringing in T-3 Media's product line under CACI's umbrella. OMG! Gel will be marketed as a stand-alone product, and follow the same business model as Rejuv by Caci. Our goal in a very short period is to get OMG! Gel sold through Direct Response and to get it to $100,000.00 per week in media buying.
"With the Emerge Lip Plumper, we plan on cross marketing this product with Rejuv by Caci. This product is a perfect fit with Rejuv by Caci and we will be adding it to our line in the near future."
More details about the products, plans, and company developments are to follow in the media this week.
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc. is a publicly traded company under the symbol CXAC. For more information about our products and company, please visit www.crossac.com
Cross Atlantic Commodities, Inc. develops, acquires, markets and distributes specialty "quality of life" enhancement products and general merchandise to the public via direct response marketing, direct marketing and eventually mass retail/wholesale distributors. Products the company is currently focusing on include:
Rejuv by Caci(r) is our immediate results anti-aging cream. OMG! Gel Emerge Lip Plumper
Please review our PowerPoint presentations for a complete description of our new products.
Lip Enhancing Therapy.
http://www.t3-media-inc.com/T3_Lip_Enhancing_Therapy_June_08.ppt
Stimulating Personal Lubricant.
http://www.t3-media-inc.com/T3_Stimulating_Personal_Lubricant.ppt
And Rejuv by Caci.
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.