The senior management team of Cross Atlantic Commodities, Inc. (CXAC.OB), a manufacturer, distributor and marketer of nationally branded commodities, food and general merchandise, recently announced optimism regarding the second half of 2008 and further updated the company’s shareholders and the investment community of its continued progress and growth.
Cross Atlantic Commodities plans to aggressively produce and market the company’s core products, including Fruit 2 Go® and Spray n Shine during the short and long term. In addition, the company has continued to pay down its debt during the past two quarters, and management reported that operating momentum remains strong in the third quarter.
One shift in the business plan for Cross Atlantic Commodities is the company’s renewed concentration on specialty food and snack-related items, beauty care products and car care items, as opposed to coffee and coffee-related products. The president and chief executive officer, Jorge Bravo, stated that management will also continue to invest in the company as funding becomes available.
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