MIAMI, March 12, 2007 (PRIME NEWSWIRE) -- Cross Atlantic Commodities, Inc. (OTCBB:CXAC), is pleased to announce that the company has started art work development for a private label ice cream to be sold in more than 800 stores across the North East, South East and Mid West regions of the United States from July 1, 2007.
"We are launching three private label Italian style ice cream cups during the national ice cream month and we are excited about the opportunity to develop a line of private label products for this particular customer," said Jorge Bravo, V.P. business development. In January of 2007, Cross Atlantic announced an exclusive distribution agreement with German based Durigon Gelato Gmbh, a manufacturer of unique ice cream products with over 150 employees.
"Working directly with the major U.S. retailers is an important step in building our line of products into an established business. We are expanding and diversifying our business to coincide with various market trends and we will continue to source products around the world. We launched our Wholesale Food Division in November and announced our exclusive distribution agreement with Durigon Gelato in January. With the announcement of our private label customer we are pleased that our strategy has been successfully implemented into our business," CEO Michael Enemaerke stated.
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 food 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. Cross Atlantic Commodities will through its wholesale food division work with major retailers in sourcing and importing unique food items for the US markets. The company also plans to brand and manufacture its own line of commodity products and the company is just announcing its first retail product ready for distribution launched under its own brand name, BlackWhiteCoffee.
For more information on Cross Atlantic Commodities, Inc. or its investment opportunities please visit http://www.crossac.com or contact its corporate headquarters at (754) 245-6453.
Forward-Looking Statement
Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.