SOURCE: Cross Atlantic Life & Science Technology

April 21, 2006 17:20 ET

Cross Atlantic Life Science Technology Inc. Shareholder Update

SINGAPORE -- (MARKET WIRE) -- April 21, 2006 --Cross Atlantic Life Science Technology Inc. (OTC: CTFE) ("the "Company") announces that further to the March 29, 2006 news release, management has begun due diligence on Oil and Gas properties in Arizona, Utah, New Mexico, Texas, Louisiana and Gold properties in Mongolia.

About Cross Atlantic Life Science Technology Inc.

Cross Atlantic Life Science Technology Inc. is a venture capital holding company focused on creating a network of strategic business alliances and corporate partnerships in order to identify and capitalize on emerging market opportunities. The Company's plan involves acquiring both majority and minority interests in various business operations in the commodities market that will prove beneficial to the Company's bottom line and shareholder value. More information on the Company can be found at www.crossatlanticglobal.com.

Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Cross Atlantic Life Science Technology Inc. believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statements.

Contact Information

  • For additional questions contact:

    Mehdi Mehryari,
    President
    Phone: 011 65 6248 4740
    Email: Email Contact