FT. LAUDERDALE, Fla., Feb. 25, 2009 (GLOBE NEWSWIRE) -- Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC) is pleased to announce that it has retained a CPA firm to assist with full disclosure.
Jorge Bravo, President and CEO of CXAC, stated, "As part of our discipline of continuously bringing adequate current information to the investment community we have retained the accounting services of Kim Marks, CPA of Miami, FL to assist with the disclosure of our financials."
"In the best interest of our investors, CXAC will be fully transparent. Full disclosure is a must in today's economy," stated Bravo.
Moving forward CXAC will begin to report quarterly financials, amendments to its articles of incorporation, reports to shareholders, merger announcements, officer/director appointments and any other corporate information deemed relevant to full disclosure.
Bravo stated, "It is time for CXAC to walk the walk. We've been talking about what we are doing to bring shareholder value back to our investors; it is time to show the public what we are doing."
Within the next 45 days CXAC should have information disclosed with www.pinksheets.com that will put them at the status of CURRENT INFORMATION.
"We are very pleased to be working with Kim Marks, CPA. CXAC was last transparent during the second quarter 2008 and we believe this is a significant step in regaining the investment community's trust. We are moving forward and being transparent is very necessary. This is a very important step for CXAC; we are proud of what we have accomplished and want the community to be aware of what we are doing," concluded Bravo.
Other news: Launching of the commercial has commenced, and please go to our website www.crossac.com to see the complete schedule.
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc. manufactures, distributes and markets specialty food products and general merchandise to large food chains and clubs. 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. Rejuv by Caci(r) is our immediate results anti-aging cream. Cross Atlantic Commodities, Inc. is a publicly traded company under the symbol CXAC. For more information, visit http://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.