April 30, 2009
Dear Shareholders and Interested Parties,
It is my pleasure to announce to all of you after many hours of hard work and negotiation T3 and Cross Atlantic Commodities have reached an agreement in principle to further our relationship in what we collectively believe the best long term business model for productivity and shareholder value.
T3 will remain a private company operating in autonomy to CXAC.
CXAC will however serve as the operations mechanism for T3's product lines.
To be more descriptive and place this in terms that describe the benefit to shareholders and the two companies, I offer the following:
It was not the banking or reverse merger capabilities that T3 sought from CXAC. It was the expertise of Jorge Bravo, Jr and company at CXAC that T3 requires for successful product launch.
T3 will continue to research, develop and acquire quality lifestyle enhancement products for men and women who seek to achieve fulfilling personal lives.
CXAC and their expert management team will provide the foundation for sales, marketing and logistics for T3.
Under this arrangement both companies will receive revenue from OMG!, Emerge Lip Enhancement Therapy, and Rejuv.
Stephan Todd Smith will serve as a Director of CXAC and Jorge Bravo will retain the position of CEO and have an advisory role with T3.
The particulars of the revenue share will be released in an official press release and pinksheet filing. Since revenue sharing will be similar to the arrangement contemplated by the original banking agreement, the bottom line result will remain the same for the two entities separately.
Therefore, an investment in CXAC or a purchase of T3 preferred debt will still net the same result for the shareholder as originally planned.
With respect to funding, CXAC has raised the Authorized Shares to facilitate payment of the Rejuv product launch. CXAC will not use this raise to fund T3 in any way. With exception of salary owed to Directors of CXAC the money will be used for operations requirements of CXAC and its product line.
T3 has secured funding for the launch of OMG! via Stephan Todd Smith and Pyramid Financial Group and associated investment banking groups.
Any celebrity endorsement will be signed with T3 and the particulars of the arrangement are therefore private as T3 remains an autonomous private entity.
Future business plans for both companies will be announced through reputable national publicists and news mediums.
For now let it be said that the Rejuv launch and the celebrity endorsed OMG! product launch will occur over the next month.
Thank you for your patience and support during our time of change and allowing us to derive the best possible relationship for both companies and shareholders. Again, based on revenue flow, the impact on shareholders will not be affected by the organizational structure.
Thank you again and please expect further details over the coming few days.
Kindest Regards,
Stephan Todd Smith
President\CEO
T3 Media Holdings, Inc
Jorge Bravo
President/CEO
CXAC