Cross Atlantic Commodities, Inc. has completed its acquisition with T-3 Media. Cross Atlantic develops, acquires, markets and distributes specialty `quality of life” enhancement products and general merchandise to the public via direct response marketing, direct marketing and mass retail/wholesale distributors.
Under the term of the merger, T-3 Media is now a wholly owned subsidiary of Cross Atlantic. T-3 shareholders will receive 10% of the outstanding shares of Cross Atlantic in restricted stock; these shares will be restricted for two years, with an earn-out when successful milestones are reached.
Todd Smith will head T-3 as president; and Jorge Bravo remains C.E.O. of Cross Atlantic Commodities.
“We are very excited about bringing in T-3 Media’s product line under Cross Atlantic’s umbrella,” said Bravo. OMG! Gel will be marketed as a stand-alone product. Our goal in a very short period is to get OMG! Gel sold through direct response and to get it to $100,000 per week in media buying.”
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