Cross Atlantic Commodities Enters Into Canadian Marketing Relationship
June 11 2007 - 8:43AM
PR Newswire (US)
Company Enters Marketing Relationship with Montreal-Based Oui Pack,
Inc. MIAMI, June 11 /PRNewswire-FirstCall/ -- Cross Atlantic
Commodities, Inc. (OTC:CXAC.OB) (BULLETIN BOARD: CXAC.OB) , an
emerging, multi-national importer and distributor of quality food
items and specialty consumer products, today announced it has
entered into a marketing relationship with Oui Pack, Inc. to
represent its products in Canada. Oui Pack, which is based in
Montreal, is a multi-line food and general merchandise distributor.
The seven-year old company specializes in presenting food and
non-food related items to major national accounts including retail
chains and wholesalers throughout Canada. "Oui Pack was
particularly impressed with our approach of securing high- quality
products from European manufacturers who heretofore have not had
distribution in North America," said Michael Enemaerke, CEO of
Cross Atlantic Commodities. "Initially, they will focus on our
proprietary Black White coffee for distribution in Canada."
According to the Tony Cocco, vice president of Oui Pack, Cross
Atlantic's current products and targeted product acquisitions fit
well with his company's distribution philosophy. "We like the
direction Cross Atlantic is taking," said Cocco. "They not only
obtain the rights to quality products, but items that are in demand
and priced very competitively. We're encouraged by the reactions
we've received from our initial presentations of Black White
coffee. We believe the combination of quality, attractive packaging
and great pricing is a formula for success." Cross Atlantic
recently announced it has shipped its first order of Italian ice
cream "gelato" in conjunction with its five-year exclusive
distribution agreement with Durigon Gelato Gmbh. The two containers
of private label product, with a retail value of approximately
$250,000, will shortly be on the shelves of more than 800 U.S.
stores of one of the largest food chains in the world. About Cross
Atlantic Commodities: Cross Atlantic Commodities has developed a
unique business model that allows it to develop relationships with
foreign manufactures from primarily, Europe, East Africa and The
Americas who wish to sell its products in the large and volume
intense U.S. marketplace but heretofore have been reluctant to
directly export their goods. Cross Atlantic accomplishes this by
mitigating the risk for both parties leveraging their relationships
with major North American retailers thus assuring a market for the
goods prior to taking an ownership position. The company targets
manufacturers in the $25 - $75 million range that have unique,
marketable products with the production capacity and financial
capability to support expansion. Company principals, who have more
than four decades of experience in the field, are committed to
sourcing out the finest products throughout the world that can gain
immediate acceptance by North American consumers. By creating
partnerships with these companies and continually providing proven
winners, Cross Atlantic can accelerate its growth and profitability
with minimal capital expenditure. The Company is headquartered in
South Florida and has offices in Copenhagen and Kampala. Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release contains forward-looking information
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements that include the words "believes,"
"expects," "anticipate" or 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 differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof. DATASOURCE: Cross Atlantic
Commodities, Inc. CONTACT: Peter Nasca of Peter Nasca Associates,
Inc., +1-954-473-0677, ; David Donlin of The Cervelle Group, Inc.,
+1-407-475-9966, , both for Cross Atlantic Commodities, Inc.
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