Pet Core, Inc

  • WKN: A0Q72D
  • ISIN: CA2302791017
  • Land: USA

Nachricht vom 02.02.2010 | 08:45

Pet Core, Inc: Cultural Exchange Network Corp. (CXT-Frankfurt and Xetra) announces acquisition of Pet-Core, Inc and appointment of New Officer and Directors


Pet Core, Inc / Mergers & Acquisitions

02.02.2010 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this
announcement.

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Encinitas California                              Jaeson Cayne
February 2, 2010                                  1+(760) 274 6888
                                                  jaeson@pet-core.com

Cultural Exchange Network Corp. (CXT-Frankfurt and Xetra) announces
acquisition of Pet-Core, Inc and appointment of New Officer and Directors

Jaeson Cayne, newly appointed Chairman of the Board and CEO of Cultural
Exchange Network Corp, advised the acquisition of Pet-Core, Inc., in
exchange for Class A Special shares of CXT has been successfully completed.
Mr. Cayne went on to state that a new Board of Directors with extensive
experience in product formulation and pet and large animal nutrition,
electronic marketing, finance and the successful management of emerging
growth businesses has been appointed to guide the Company through its
anticipated rapid market ascent.

Pet-Core, Inc.,  has developed a line of propriety products designed to
insure that Pet Owners can, with great confidence, provide their pets with
both healthy and nutritious food. Pet-Core plans to capitalize on two
factors:  the dramatic growth in the consumer driven pet health market-
especially the demand for upscale, natural and organic products and the
growing consumer awareness and concern over toxins in pet food.

Pet-core will begin its marketing through the electronic media as well as
television marketing and web-based advertising.  Direct Marketing is the
forte of the management team headed by Mr. Cayne. Mr. Cayne is a recognized
leader in the direct marketing /electronic marketing industry. Mr. Cayne
graduated from California State University at Northridge with a BA in
Sociology with a minor in marketing.  He received his Juris Doctorate
degree from La Verne Law School.  Mr. Cayne has owned an advertising agency
that specialized in game show and television placement of products.  He
produced and directed various television shows and commercials. In 1987 Mr.
Cayne co-founded ABFLEX USA which created the ABFLEX success story.  In 24
months over 4.5 million ABFLEX units were sold, in 54 countries, with sales
in excess of $400,000,000.

Mr. Cayne has been a chart topper (#1 Infomercial) in the Jordan Whitney
Green Sheet Reports (a rating system for the electronic retailing industry
similar to the Neilson ratings for television) for Pounds Off Meal
Replacement Bars, Bun Trainer and ABFLEX.  Spray FX, a children's toy Mr.
Cayne marketed, was voted the toy of the year by Family Fun Magazine.  All
in all, Mr. Cayne is responsible for almost a billion dollars in consumer
sales of products.

 Mr. Cayne went on to state: 'In order to permit product identity to become
synonymous with corporate identity , The Board of Directors have moved to
change the name of Cultural Exchange Network  to Pet-Core International
Inc. and will seek a new trading symbol to better identify the Company. 
Moreover transparency and integrity of product  will be the Hallmarks of
the Company.'

Statements contained in this press release contain the Company's or its
management's expectations and assumptions about future events are
forward-looking statements, and the results anticipated by any or all of
these forward-looking statements may not occur. In addition, these
statements are subject to risks and uncertainties that could cause actual
results to differ materially from those set forth in or implied by these
forward-looking statements.


02.02.2010  Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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