Business & Finance
Business and Finance
Business and Finance
Mon, December 22, 2008 Cross Atlantic Commodities Inc. To Retire 1 Billion Shares
FORT LAUDERDALE, Fla.--([ BUSINESS WIRE ])--Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC), a manufacturer and distributor of nationally branded commodities, including food and general merchandising for stores nation-wide, is proud to announce that affective immediately the company will decrease its authorized shares by 1 billion shares in he coming weeks.
On other company updates, CXAC through its Board of Directors and Management has decided to concentrate its total efforts on its Re Juv by Caci Line. "The Company will be holding in the coming weeks corporate meetings to discuss the potential sale of its other brands including Black White Coffee and Fruits2 Go. The funds from the sales of these subsidiaries will go to fund Re Juv," states Jorge Bravo, CEO of CXAC. World Anti-Aging Products Market to Reach U.S. $115.5 Billion by 2010, according to New Report by Global Industry Analysts. Driven by the aging world population, the desire to preserve youth, and the numerous advancements made in reversing the natural process of aging, the world market for anti-aging products is projected to reach U.S. $115.5 billion by the year 2010. "The need to stay young is a vortex that is dragging in ever-younger consumers, and this expansion in target audiences is expected to help drive the market's growth into the future. This is the ideal time to be concentrating all efforts marketing our Re Juv by Caci line," states Bravo.
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. The Import Foods Division assists overseas manufacturers in the conformities of US packaging and label standards. The Fruit 2 Go® 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. Cross Atlantic Commodities, Inc. is trading 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.
