Pet Core, Inc
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. --------------------------------------------------------------------------- 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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