Cross Atlantic Commodities Inc. (fka CXAC)

[es1]

The SEC email is my source who is yours?

Thank you for your recent email to the SEC and taking the time to alert us to your concerns regarding Cross Atlantic Commodities and Atlantis Technology Group. We appreciate the opportunity to review your concerns.

Please note that when an executive officer is barred from association with a particular SEC registrant, there are generally no direct consequences for the firm’s shareholders. And, unless specifically ordered by the SEC or a court with jurisdiction in the matter, the barred executive generally retains any shares that he may have acquired while employed by the firm.

Also, as you may know, Cross Atlantic Commodities terminated its registration with the SEC in October 2008. For additional information about the firm’s filing history with the SEC, please visit the following location on our website: www.sec.gov/cgi-bin/browse-edgar?company=Cross+Atlantic+Commodities&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany. Also, Cross Atlantic Commodities was named in a complaint filed by the SEC against Signature Leisure Inc. in September 2009. For your information, a copy of the complaint is available here: http://www.sec.gov/litigation/complaints/2009/comp21224.pdf. However, according to our public records, the SEC has not filed any complaints directly against Cross Atlantic Commodities. There is also no indication that Cross Atlantic Commodities is currently the subject of any claims fund associated with the SEC.

Atlantis Technology Group terminated its registration with the SEC in December 2009 (see: http://www.sec.gov/cgi-bin/browse-edgar?company=Atlantis+Technology+Group&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany). However, in September 2010, Atlantis Technology Group was charged by the SEC for an alleged violation of the antifraud provisions of the securities laws in connection with Atlantis's issuance of a series of false press releases. For additional information about the SEC’s complaint see: http://www.sec.gov/litigation/litreleases/2010/lr21674.htm. Unfortunately, at this time, it is too early to tell when or if funds that are recovered and available for investors will be distributed according to an approved plan in the Atlantis matter. However, in the interim, you will want to monitor the Division of Enforcement's webpage for updates on this matter: http://www.sec.gov/divisions/enforce.shtml.

However, you should know that both federal and state securities laws provide important legal rights and remedies if you have suffered wrongdoing. Acting on your own, you may be able to resolve your complaint through the courts. Please do not view any steps that we may take as a substitute for taking legal action on your own:; our efforts may not produce a satisfactory result, and by law we cannot act as your lawyer.

To take advantage of these laws, you must initiate legal action promptly or you will lose your legal rights to recover funds. These time restrictions, known as "statutes of limitations," vary by state, with some states allowing more time for investors to take action than others. The federal securities laws require that you must bring a court action within two years of the date when you should have reasonably discovered the wrongdoing, but in no case later than five years from the date the wrongdoing actually occurred. You may wish to consult a lawyer specializing in securities laws to determine what types of further recourse may be available to you in this situation.

The following link on our website contains information regarding possible sources of legal assistance if you need help finding a lawyer: http://www.sec.gov/answers/lawref.htm

Once again, thank you for your correspondence. Investor complaints alert the SEC to securities fraud and abuse and are often the first indicators of wrongdoing. I hope this information proves helpful to you.

Sincerely,

David Powers
Office of Investor Education & Advocacy
U.S. Securities & Exchange Commission
1-800-732-0330
[e-mail]