FT. LAUDERDALE, Fla., May 4, 2009 (GLOBE NEWSWIRE) -- Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC), a distributor of specialty "quality of life" enhancement products, has come to an agreement with T3 Media, this agreement will enable both companies to reach there goals and will give better value for the shareholders.
Dear Shareholders, It is our pleasure to announce to all of you that after many hours of hard work and negotiation, T3 and Cross Atlantic Commodities have reached an agreement to further our relationship in what we collectively believe will be the best long-term business model for productivity and shareholder value. T3 will remain a private company operating in autonomy to CXAC. CXAC will, however, serve as the operations mechanism for T3's product lines. To be more descriptive and place this in terms that describe the benefit to shareholders and the two companies, I offer the following, stated by Todd Smith President T3 Media: "It was not the banking or reverse merger capabilities that T3 sought from CXAC. It was the expertise of Jorge Bravo, Jr and company at CXAC that T3 requires for successful product launch." T3 will continue to research, develop and acquire quality lifestyle enhancement products for men and women who seek to achieve fulfilling personal lives. CXAC and their expert management team will provide the foundation for sales, marketing and logistics for T3. Under this arrangement, both companies will receive revenue from OMG! and Emerge Lip Enhancement Therapy. The particulars of the revenue share will be released in an official press release and pink sheet filing. Since revenue sharing will be similar to the arrangement contemplated by the original banking agreement, the bottom line result will remain the same for the two entities separately. Therefore, an investment in CXAC or a purchase of T3 preferred debt will still net the same result for the shareholder as originally planned. T3 has secured funding for the launch of OMG! via Stephan Todd Smith and Pyramid Financial Group and associated investment banking groups. Any celebrity endorsement will be signed with T3 and the particulars of the arrangement are therefore private, as T3 remains an autonomous private entity. Future business plans for both companies will be announced through reputable national publicists and news mediums. For now let it be said that the Re Juv by Caci launch and the celebrity endorsed OMG! product launch will occur over the next month. Thank you for your patience and support during our time of change and for allowing us to derive the best possible relationship for both companies and shareholders. Again, based on revenue flow, the impact on shareholders will not be affected by the organizational structure. Thank you again and please expect further details over the coming few days.
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc. is a publicly trading 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:
Re Juv by Caci(r) is our immediate results anti-aging cream. OMG Gel Lip Plumper
Please review our PowerPoint presentation 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 Re Juv by Caci 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.