Wonder how long this has been going on?
Here's response from one of the other parties mentioned. Looks like SEC had went over there situation pretty good looking at records and testifying.
From CXAC
October 1, 2009
Dear Shareholders:
Many of our shareholders have waited patiently during the course of the last two weeks while
rumor and speculation dominated our corporate profile.
Today's shareholder letter will dispel any further speculation and set the course for the Company
over the next few months.
One of the most successful entrepreneurs in today's business world, Mr. Steve Jobs, founder of
Apple stated:
“Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma -
which is living with the results of other people's thinking. Don't let the noise of other's opinions
drown out your own inner voice. And most important, have the courage to follow your heart and
intuition. They somehow already know what you truly want to become. Everything else is
secondary.”
As your CEO I am following my business plan and will not waste my energy or corporate
resources on anything else.
First issue: The SEC Investigation and subsequent Lawsuit
1. Yes, we conducted the transactions with those named defendants.
2. Yes we received the funding from those defendants.
The SEC reviewed all of our books and records and I testified before their investigatory
committee, without hesitation. When the SEC filed action against the defendants, the Company
or Myself was not named in the lawsuit. It has virtually no importance to the future of this
Company besides creating rumor and false speculation. I urge all shareholders to move on; we
have a company to run, and will we not comment on this again!
Second Issue: Monthly Sales of Re-Juv by Caci
As promised in my prior letter, I am thrilled to report that we sold 485 Anti Aging Systems. We
came in just a tad below our 500 unit target, but remember we lost 4 days with the Labor Day
Holiday weekend. All in all, the first month of Internet Marketing produced the results we
anticipated. Next month commercials will air and funding is in place to increase sales to at least
750 units but we want 1000 units by October 31st, 2009.
p. 305.970.7039 | f. 707.371.7039 | email: jb@crossac.com | www.crossac.com
Third Issue: Pink Sheet Preferred Listing
In this post “Madoff” era, the government is worried about its exposure and is scrutinizing all
applications to the minutest degree. I assure all shareholders that we have filed every document
on a timely basis and will be fully transparent to the Pink Sheets. The agency is just double
checking information. They do not want to wake up with “egg on their faces”. In the future when
we announce a filing, accept the fact that I will deliver what I have promised! It may take some
time but we will deliver the desired results.
Fourth Issue: Reverse Split
Again, many shareholders have speculated on this matter.
The Company has no immediate plans for a reverse split nor a stock buyback. Cash is the
lifeblood of the Company at this juncture. If sales dramatically increase we will roll that cash-flow
into more advertising and media. We have our snoring product launch set for the middle of the
month and attenuate National press release.
I concur with Mr. Jobs that “I have the heart to follow my dreams” and make CXAC a great and
wonderful Corporation. One that sells wonderful products to the public and carries itself in an
ethical and truthful manner.
Thank You for your continued support.
Sincerely,
Jorge Bravo
CEO / President
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