Cross Atlantic Commodities Durigon Gelato Ice Cream Makes United States Debut
09 Juillet 2007 - 2:00PM
PR Newswire (US)
Private Label Product with Approximate Retail Value of $250,000 Now
On Shelves in More Than 800 United States' Stores of One of the
Largest Food Store Chains in the World MIAMI, July 9
/PRNewswire-FirstCall/ -- Cross Atlantic Commodities, Inc.
(CXAC.OB), an emerging, multi-national importer and distributor of
quality food items and specialty consumer products, today announced
its Durigon Italian ice cream "gelato" is now on the shelves of
more than 800 U.S. stores of one of the largest food chains in the
world. The three containers of private label product, with a retail
value of approximately $250,000, is the initial order in
conjunction with Cross Atlantic Commodities' five-year exclusive
distribution agreement with Durigon Gelato Gmbh. According to the
Company three different SKUs of 5.75-ounce ice cream cups are being
offered by the chain. The products were a featured item in the
chain's in-store flyer this past Sunday. "The Durigon products are
on the shelves just in time for the peak ice cream season," said
Michael Enemaerke, CEO of Cross Atlantic Commodities. "But, because
these products are so unique in nature we believe they will be a
year-round specialty desert staple. They are also attractively
packaged and very competitively priced." Cross Atlantic Commodities
Vice President of Operations, Jorge Bravo said that because of the
quality and uniqueness of the products the Durigon Line has been
well accepted by a number of major retailers and distributors.
"We've made presentations to a number of major retailers and we
anticipate that several will take on the Durigon Ice Cream either
as a branded item or private label product," said Bravo. 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 wishes to sell their 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 with 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, Peter Nasca Associates,
Inc., +1-954-473-0677,
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