Cross Atlantic Commodities Ships First Order of Durigon Gelato Ice Cream in Conjunction With Exclusive Distribution Agreement
2007年6月5日 - 12:58AM
PRニュース・ワイアー (英語)
Private Label Product with Approximate Retail Value of $250,000
Bound for More Than 800 United States' Units of One of the Largest
Food Store Chains in the World MIAMI, June 4 /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 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. Cross Atlantic entered the
multi-billion dollar ice cream market in December 2006 when it
signed an exclusive, five-year distribution agreement with
German-based Durigon Gelato Gmbh. "The Durigon products are unique
in nature and to our knowledge no other major ice cream
manufacturer in North America produces similar items," said Michael
Enemaerke, CEO of Cross Atlantic Commodities. "One of the items, a
'Spaghetti Ice Cream,' is particularly distinctive with vanilla ice
cream shaped like noodles, strawberry for sauce and white chocolate
chunks for the Parmesan cheese." Enemaerke said all Durigon
products are attractively packaged and very competitively priced.
"Aside from the uniqueness of the products they are presented in
highly attractive and functional packaging," Enemaerke added. "They
are also being offered at price points one would expect from
generic products without the shelf appeal of the Durigon line so we
anticipate the combination will produce the desired sell through."
According to Cross Atlantic Commodities Vice President of
Operations, Jorge Bravo, during initial presentations the Durigon
Line was well accepted by a number of major retailers and
distributors who appreciate the quality and uniqueness of the
product, the eye-catching packaging and the extremely attractive
price points. "Durigon ice cream fits our philosophy of providing
unique products that have not previously been offered in North
America which can bring added value to supermarket chains and other
major retailers," said Bravo. "We are on a never ending quest to
source out such products and bring them to market as expeditiously
as possible." 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, ; or David Donlin of The Cervelle Group,
Inc., +1-407-475-9966,
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