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CXAC C5 Acquisition Corporation

10.785
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Cross Atlantic Commodities Ships First Order of Durigon Gelato Ice Cream in Conjunction With Exclusive Distribution Agreement

04/06/2007 4:58pm

PR Newswire (US)


C5 Acquisition (NYSE:CXAC)
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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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