Cross Atlantic Commodities Forms Strategic Alliance with Leading European Import/Export Firm

Share Name	Share Symbol	Market	Type
C5 Acquisition Corporation	NYSE:CXAC	NYSE	Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	10.785				0	01:00:00

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Copenhagen, Denmark-Based Firm to Provide Cross Atlantic with General Merchandise Products from China MIAMI, June 27 /PRNewswire-FirstCall/ -- Cross Atlantic Commodities, Inc. (CXAC.OB), an emerging, multi-national importer and distributor of quality food items and specialty consumer products, has taken a major step in securing general merchandise products from the Peoples Republic of China. The Company announced today that it has formed a strategic alliance with a 94-year-old Copenhagen, Denmark-based company that has relationships with more than 5,000 Chinese manufacturing firms. This import/export company primarily sources products which it can have manufactured under its name or through a private label. It currently has more than 50,000 SKUs (stock keeping units) at its disposal. "We consider this strategic alliance to be a milestone event for our company," said Michael Enemaerke, CEO of Cross Atlantic Commodities. "Forming an alliance with an old-line company, which has one of the highest Dunn and Bradstreet ratings available, is great leap forward. The company has the unique ability of taking popular, mainstream products and adding a new twist to them. It's been a formula that's been very successful for them." Enemaerke said the strategic alliance will fast track the Company's entry into the General Merchandise Market. "Clearly it is essential that our company has the ability to source product from the world's largest country," Enemaerke added. "This relationship allows Cross Atlantic to establish a foothold in the Pacific Rim without the massive expenditure in dollars and manpower it would have required if we chose to create our own China-based operations center. Additionally, we know that with nearly a century of being in business they are well respected at all levels of the sourcing and distribution chain." According to Jorge Bravo, Cross Atlantic Commodities vice president of Operations, in order to jump start the relationship the European company has agreed to supply Cross Atlantic with the top products it has sold in the past. "By the beginning of next week we will be receiving samples of five, top- selling products," said Bravo. "We intend to have those samples out to our customers for presentation within the next two weeks. We believe this will accelerate our efforts to penetrate the general merchandise market and provide another revenue channel for the Company." 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, , for Cross Atlantic Commodities, Inc.

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CXAC C5 Acquisition Corporation