On 05/14/2008, Cross Atlantic Commodities Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

On 03/31/2008, Cross Atlantic Commodities Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Cross Atlantic Commodities Inc. announced the launch of their new division, Import Foods Division (IFD). 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. 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.