FT. LAUDERDALE, Fla., March 16, 2009 (GLOBE NEWSWIRE) -- Cross Atlantic Commodities, Inc. (Other OTC:CXAC.PK - News), a distributor of specialty ``quality of life'' enhancement products, is proud to announce that the merger with T-3 Media is finalized. The merger was signed by both parties over the weekend by Todd Smith, President of T-3 Media, and Jorge Bravo, C.E.O. of CXAC.
Under the term of the merger, T-3 Media is now a wholly owned subsidiary of CXAC. T-3 will receive 10% of the outstanding shares of CXAC in restricted stock; these shares will be restricted for two years, with an earn-out when successful milestones are reached.
Todd Smith will head T-3 as president; and Jorge Bravo remains C.E.O. of Cross Atlantic Commodities. Kim Marks will be the CPA; he will prepare all financial information on both companies. Once financial statements and disclosures are completed, Jorge Bravo will upload the documents to pinksheets.com.
Jorge Bravo states, ``We are very excited about bringing in T-3 Media's product line under CACI's umbrella. OMG! Gel will be marketed as a stand-alone product, and follow the same business model as Rejuv by Caci. Our goal in a very short period is to get OMG! Gel sold through Direct Response and to get it to $100,000.00 per week in media buying.
``With the Emerge Lip Plumper, we plan on cross marketing this product with Rejuv by Caci. This product is a perfect fit with Rejuv by Caci and we will be adding it to our line in the near future.''
More details about the products, plans, and company developments are to follow in the media this week.
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc. is a publicly traded company under the symbol CXAC. For more information about our products and company, please visit http://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:
Rejuv by Caci(r) is our immediate results anti-aging cream.
OMG! Gel
Emerge Lip Plumper
Please review our PowerPoint presentations 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
And Rejuv by Caci.
http://www.crossac.com
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