News | March 27, 2008

Cross Atlantic Commodities Launches Import Foods Division

Miami, FL - Cross Atlantic Commodities, Inc. , manufacturers and distributors of nationally branded commodities, food and general merchandise to food stores, supermarkets and club stores, announced recently the launch of their new division, Import Foods Division ("IFD").

"The function of IFD is to assist foreign manufacturers with marketing and distribution of foods produced or manufactured outside the USA," stated Jorge Bravo, President of CXAC.

IFD will primarily focus on European manufacturers who desire to enter the US markets to sell products. Most foreign manufacturers are unfamiliar with US standards and require assistance with packaging, labeling, nutritional disclosures, distribution and sales.

"CXAC currently works with most of the major retailers, distributors and club stores and is very familiar with the conformities and standards required by the US. IFD already has the infrastructure in place. Assisting foreign manufacturers with packaging, labeling and US regulations is a natural fit because we are already doing it for ourselves," stated Bravo.

Bravo explains, "Our target clients are manufacturers that gross over $20M in revenues and contracts primarily with major retailers in their respective countries. These manufacturers desire to enter new markets but lack the knowledge and/or experience of producing compliant packaging or labeling when crossing borders. IFD is the agent and consultant that will create a ‘turn key operation' for these manufacturers to seamlessly sell their products to new markets abroad."

In addition to using their sourcing agents from around the world, IFD will advertise in Food & Beverage International, the information source for food and drink manufacturers in Europe. Food and Beverage International has a guaranteed circulation; the only magazine of its kind that has an audited circulation of over 13,000 for each of the past 5 years. "F&B is read by industry experts, producers, manufacturers and circulated only to the food and drink industry in Europe. It is THE magazine of choice for new products," stated Bravo.

IFD expects to generate revenue from three fronts; retainer, program development and percentage of sales. "We receive a $5,000 retainer from every manufacturer. We develop a six-month program, specific to the manufacturers needs, for $30,000. After the six months we receive 10% commission on the manufacturer's sales," stated Bravo.

SOURCE: Cross Atlantic Commodities, Inc.