SECURITIES AND EXCHANGE COMMISSION
             WASHINGTON, D.C. 20549
                      FORM 10-QSB

[x]     Quarterly Report Pursuant to Section 13 or 15(d) Securities
Exchange Act of 1934 for Quarterly Period Ended June 30, 2006

-OR-

[ ]     Transition Report Pursuant to Section 13 or 15(d) of the
Securities And Exchange Act of 1934 for the transaction period from
_________  to________

Commission File Number             333-1311294


Cross Atlantic Commodities, Inc.
--------------------------------------------
(Exact name of registrant as specified in its charter)


   Nevada                                          76-0768756
--------------------------------------------------------------------
(State or other jurisdiction    (I.R.S. Employer Identification Number)
of incorporation or organization

1282 Camellia Circle, Weston, Florida 33326
--------------------------------------------
(Address of principal executive offices, Zip Code)

754-245-6453
------------------------------------------
(Registrant's telephone number, including area code)


Check whether the registrant (1) filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

Yes  [ X ]  No [   ]

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).   Yes [   ]  No  [ x ]

The number of outstanding shares of the registrant's common stock,
June 30, 2006:  Common Stock  -  22,549,200






<PAGE>2


 PART I -- FINANCIAL INFORMATION

Cross Atlantic Commodities, Inc.

Item 1. Financial Statements

Balance Sheet, June 30, 2006(unaudited)
Statements of Operations for the three months and six months ended June
30, 2006 and 2005 (unaudited)
Statements of Cash Flows for the three months and six months ended June
30, 2006 and 2005 (unaudited)
Notes to financial statements




<PAGE>3

                    Cross Atlantic Commodities, Inc.
               (Formerly Business Advantage No.17, Inc.)
                      (A Development Stage Company)
                        Condensed Balance Sheet
                             June 30, 2006
                              (Unaudited)

ASSETS

Current Assets:
  Cash                                                     $   71,296
  Cash - restricted                                            49,800
                                                           ----------
    Total current assets                                   $  121,096
                                                           ==========

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities:
  Accounts payable and accrued expenses                    $    3,725
  Loans payable - stockholders                                146,958
                                                           ----------
    Total current liabilities                                 150,683
                                                           ----------

Stockholders' (Deficit):
  Common stock, $0.001 par value; 25,000,000 shares
   authorized, 22,549,200 shares issued and outstanding        20,549
  Additional paid in capital                                  412,191
  (Deficit) accumulated during development stage             (462,327)
                                                           ----------
                                                             (29,587)
                                                           ----------
                                                           $  121,096
                                                           ==========





See accompanying summary of notes to unaudited condensed financial
statements.




<PAGE>4

                    Cross Atlantic Commodities, Inc.
               (Formerly Business Advantage No.17, Inc.)
                      (A Development Stage Company)
                   Condensed Statements of Operations
   For the Three Months and Six Months Ended June 30, 2006 and 2005,
  and for the Period From March 12, 1998 (Inception) to June 30, 2006
                             (Unaudited)
<TABLE>
<CAPTION>
                         From March
                          12, 1998
                        (Inception)     For the Three Months      For the Six Months
                        to June 30,        Ended June 30,            Ended June 30,
                            2006         2006         2005         2006         2005
                         ----------   ----------   ----------   ----------   ----------

                      <c>          <c>          <c>          <c>          <c>
Revenue                  $  571,604   $  307,985   $   39,445   $  342,485   $   39,445
Cost of goods sold          561,050      312,697       45,524      351,160       38,932
                         ----------   ----------   ----------   ----------   ----------
Gross profit (loss)          10,554       (4,712)      (6,079)      (8,675)         513
                         ----------   ----------   ----------   ----------   ----------

Expenses:
General and
 administrative expenses    454,319       37,748        5,665       76,680       33,819
Purchased research and
 development                  8,950            -            -            -            -
                         ----------   ----------   ----------   ----------   ----------
                            463,269       37,748        5,665       76,680       33,819
                         ----------   ----------   ----------   ----------   ----------
Operating (loss)           (452,715)     (42,460)     (11,744)     (85,355)     (33,306)

Other Expenses:
Interest expense (net)        9,612            -            -            -            -
                         ----------   ----------   ----------   ----------   ----------
Net (loss) before
 income taxes              (462,327)     (42,460)     (11,744)     (85,355)     (33,306)

Provision for income taxes        -            -            -            -            -
                         ----------   ----------   ----------   ----------   ----------
Net (loss)               $ (462,327)  $  (42,460)  $  (11,744)  $  (85,355)  $  (33,306)
                         ==========   ==========   ==========   ==========   ==========

(Loss) per common share
 Basic and fully diluted              $   ($0.00)  $    (0.00)  $    (0.00)  $    (0.00)
                                      ==========   ==========   ==========   ==========
Weighted average number of shares outstanding
 Basic and fully diluted              20,549,200   20,400,000   20,549,200   20,400,000
                                      ==========   ==========   ==========   ==========
</TABLE>



See accompanying summary of notes to unaudited condensed financial
statements.

<PAGE>5

                    Cross Atlantic Commodities, Inc.
               (Formerly Business Advantage No.17, Inc.)
                      (A Development Stage Company)
                   Condensed Statements of Cash Flows
     For the Six Months Ended June 30, 2006 and 2005, and for the
       Period From March 12, 1998 (Inception) to June 30, 2006
<TABLE>
<CAPTION>
                                          From March
                                            12, 1998
                                           (Inception)
                                           to June 30,
                                              2006         2006         2005
                                           ----------   ----------   ----------

                                        <c>          <c>          <c>
Cash flows from operating activities:
Net cash (used by) operating activities    $ (147,962)  $  (16,166)  $   (4,761)
                                           ----------   ----------   ----------

Cash flows from investing  activities:
Restricted cash                               (49,800)         350            -
                                           ----------   ----------   ----------
Net cash provided by (used by)
 investing activities                         (49,800)         350            -
                                           ----------   ----------   ----------

Cash flows from financing activities:
  Proceeds from issuance of common stock      122,100            -            -
  Increase in shareholder loan                146,958       22,923      146,483
                                           ----------   ----------   ----------
Net cash provided by financing activities     269,058       22,923      146,483
                                           ----------   ----------   ----------

Net increase in cash                           71,296        7,107      141,722
Cash beginning of period                            -       64,189           95
                                           ----------   ----------   ----------
Cash end of period                         $   71,296   $   71,296   $  141,817
                                           ==========   ==========   ==========

Supplemental cash flow information:
Cash paid during the period for:
Interest                                   $        -   $        -   $        -
                                           ==========   ==========   ==========
Income taxes                               $        -   $        -   $        -
                                           ==========   ==========   ==========
</TABLE>





See accompanying summary of notes to unaudited condensed financial
statements.

<PAGE>6

                   CROSS ATLANTIC COMMODITIES, INC.
              (Formerly Business Advantage No. 17, Inc.)
                     (A Development Stage Company)
                NOTES TO UNAUDITED FINANCIAL STATEMENTS
                             JUNE 30, 2006


(1)  Basis Of Presentation

The accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles (GAAP) for
interim financial information and Item 310(b) of Regulation S-B. They
do not include all of the information and footnotes required by GAAP
for complete financial statements. In the opinion of management, all
adjustments (consisting only of normal recurring adjustments)
considered necessary for a fair presentation have been included.

The results of operations for the periods presented are not necessarily
indicative of the results to be expected for the full year.  For
further information, refer to the financial statements of the Company
as of December 31, 2005, and for the years ended December 31, 2004 and
2005, and the period from inception (March 12, 1998) to December 31,
2005.


(2)  Earnings Per Share

The Company calculates net income (loss) per share as required by
Statement of Financial Accounting Standards (SFAS) 128, "Earnings per
Share." Basic earnings (loss) per share is calculated by dividing net
income (loss) by the weighted average number of common shares
outstanding for the period. Diluted earnings (loss) per share is
calculated by dividing net income (loss) by the weighted average number
of common shares and dilutive common stock equivalents outstanding.
During periods when anti-dilutive commons stock equivalents are not
considered in the computation.


(3)  Loans Payable ? Related Parties

During period ended June 30, 2006, an officer advanced the Company an
aggregate of $22,923 for working capital purposes. As of June 30, 2006,
an aggregate of $146,958 was due to this officer. The advances are due
on demand and accrue interest at 5 percent per annum.


(4)  Stockholders? (Deficit)

During the period ended June 30, 2006, an officer contributed services
with a fair market value of $30,000 to the capital of the Company which
has been charged to operations during the period.




<PAGE>7

(5)  Commitments, Concentrations and Contingencies

During the period ended June 30, 2006, the Company derived 100 percent
of its revenue from two customers.

During the periods covered by these financial statements the Company
issued shares of common stock without registration under the Securities
Act of 1933. Although the Company believes that the sales did not
involve a public offering of its securities and that the Company did
comply with the ?safe harbor? exemptions from registration, if such
exemptions were found not to apply, this could have a material impact
on the Company?s financial position and results of operations.

The Company has entered into agreements to purchase approximately
300,000 pounds of coffee for approximately $300,000.  Approximately
310,860 pounds costing $304,697 was delivered in April 2006 and May
2006 and no balance is left.


(6)  Basis of Reporting
The Company?s financial statements are presented on a going concern
basis, which contemplates the realization of assets and satisfaction of
liabilities in the normal course of business. The Company has
experienced a significant loss from operations from inception
aggregating $462,327. In addition, the Company has no significant
revenue generating operations.

The Company?s ability to continue as a going concern is contingent upon
its ability to secure additional financing, increase ownership equity
and attain profitable operations. In addition, the Company?s ability to
continue as a going concern must be considered in light of the
problems, expenses and complications frequently encountered in
established markets and the competitive environment in which the
Company operates.

The Company is pursuing financing for its operations and seeking
additional investments. In addition, the Company is seeking to expand
its revenue base by adding new customers and increasing its
advertising. Failure to secure such financing or to raise additional
equity capital and to expand its revenue base may result in the Company
depleting its available funds and not being able pay its obligations.

The financial statements do not include any adjustments to reflect the
possible future effects on the recoverability and classification of
assets or the amounts and classification of liabilities that may result
from the possible inability of the Company to continue as a going
concern.





<PAGE>8

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.

Trends and Uncertainties.  We are a development stage company.  Our
auditors have raised substantial doubt as to our ability to continue as
a going concern.  We have experienced a significant loss from
operations from inception aggregating $(462,327) and have limited
working capital and a stockholders? deficit of $(29,587) at June 30,
2006. In addition, we have no significant revenue generating
operations.

Our ability to continue as a going concern is contingent upon our
ability to secure additional financing, increase ownership equity and
attain profitable operations.  In addition, our ability to continue as
a going concern must be considered in light of the problems, expenses
and complications frequently encountered in established markets and the
competitive environment in which we operate.

We are pursuing financing for our operations and seeking additional
investments and we will need a minimum of $200,000 over the next twelve
months to continue operations.  In addition, we are seeking to expand
our revenue base by adding new customers and increasing our
advertising.  Failure to secure such financing or to raise additional
equity capital and to expand its revenue base may result in Cross
Atlantic depleting our available funds and not being able pay our
obligations.

There are several known trends that are reasonably likely to have a
material effect on our net sales or revenues alongside our income from
continuing operations and profitability.

Coffee at June 30, 2006 and in other different periods of time is
relatively more expensive at origin due to a difficult supply and
demand situation.  It is likely that we will be forced to pay a higher
price for coffee in order to obtain the volumes described in our
contract.  It is likely that we will be able to collect a higher price
from our customers in such periods, however if we are not able to
collect a higher price we may be forced to turn down coffee deliveries
which will negatively effect our revenues or accept to make a smaller
profit which may effect our profitability.

Coffee is highly dependant on the right weather conditions.  It is
likely that we experience lower volumes throughout our 10-year contract
due to unfavorable weather conditions.

The price of oil may lead to a higher freight cost for both inland
trucking and shipping by vessel.  It is likely that our cost of freight
may go down or go up according to the world price of oil.  We will try
to forward a higher transportation cost to our buyers, however if we
are not successful in doing so a higher or lower cost of transporting
goods to the final destination will affect our profitability.

We expect our profits will be generated by selling our coffee at cost,
insurance and freight plus 10 cents per pound.

<PAGE>9

Our profits could be negatively affected if any of the following occur:

   -   If we are not able to find a private buyer or we need to sell
our coffees on the Coffee, Sugar, Cocoa Exchange, we will make less
profit or we might not be able to bring in a profit at all.
   -   If Victoria Coffees are no longer capable or willing to supply
us, weather financially able or psychically able.
   -   If the price of transportation goes up
   -   If there is an embargo on Uganda or Kenya
   -   If there is civil insurrection
   -   If one of our competitors are able to buy up all the coffee from
farmers
   -   If production in other countries exceed the world market demand
prices may go down without our ability to get cheaper products.
   -   If there is a war or force majure situation

Capital and Source of Liquidity.

For the six months ended June 30, 2006, Cross Atlantic had an increase
inrestricted cash of $350 resulting in net cash provided by investing
activities of $350.

For the six months ended June 30, 2005, Cross Atlantic did not pursue
any investing activities.

For the six months ended June 30, 2006, Cross Atlantic had an increase
in cash of $22,923 obtained through shareholders loans.  As a result,
Cross Atlantic had net cash provided by financing activities of $22,923
for the six months ended June 30, 2006.

Comparatively, for the six months ended June 30, 2005, Cross Atlantic
had an increase in cash of $146,483 obtained through shareholder loans
resulting in net cash provided by financing activities of $146,483.

Our internal and external sources of liquidity have included the
issuance of common shares for goods and services and cash generated
from proceeds raised from stock purchases and advances from related
parties.  During the period ended June 30, 2006, Michael Enemearke, an
officer and director, contributed services with a fair market value of
$30,000 to the capital of Cross Atlantic.

We will rely on revenues, additional issuances of common shares for
services and advances from our officers and directors to fund our
current operations until successful completion of this offering.

On March 22, 2006, we terminated our public offering without selling
any securities.  It will take considerably longer to successfully
establish a market for our coffee, delay our ability to establish a
market, or we may not be successful at all.

Results of Operations

Prior to the change of control in October 2004, Cross Atlantic was a
blank check company with no operations.  From October 2004 through June
30, 2006, new management has been seeking financing and developing

<PAGE>10

strategic alliances with coffee brokers, suppliers, etc.  The coffee
purchase made during this period was a test leading up to the point of
our first contract shipment with Victoria Coffees in October 2005.

For the three months ended June 30, 2006, we had revenues of $307,985
with a cost of goods sold of $312,697 resulting in gross loss of
$(4,712).  Comparatively, we received revenue of $39,445 for the three
months ended June 30, 2005 with a cost of goods sold of $45,524
resulting in gross loss of $(6,079).

For the three months ended June 30, 2006, we had general and
administrative expenses of $37,748 which consisted of basic operating
expenses spent to set up business operations and conduct our public
offering.  Comparatively, for the three months ended June 30, 2005,
Cross Atlantic incurred general and administrative expenses of $5,665.
The increase in expenses over the prior year was due to the public
offering and implementation of our business plan after the change of
control in October 2004.

For the six months ended June 30, 2006, we had revenues of $342,485
with a cost of goods sold of $351,160 resulting in gross loss of
$(8,675).  Comparatively, we received revenue of $39,445 for the six
months ended June 30, 2005 with a cost of goods sold of $38,932
resulting in gross income of $513.

For the six months ended June 30, 2006, we had general and
administrative expenses of $76,680 which consisted of basic operating
expenses spent to set up business operations and conduct our public
offering.  Comparatively, for the six months ended June 30, 2005, Cross
Atlantic incurred general and administrative expenses of $33,819.  The
increase in expenses over the prior year was due to the public offering
and implementation of our business plan after the change of control in
October 2004.

Plan of Operation.  Cross Atlantic has experienced a loss from
operations during its development stage as a result of its investment
necessary to achieve its operating plan, which is long-range in nature.

We only have sufficient cash on hand to meet funding requirements for
the next three to six months.  We do not have sufficient cash on hand
to meet funding requirements for the next twelve months.  Although we
eventually intend to primarily fund general operations with revenues
received from the sale of coffee, our revenues are not increasing at a
rate sufficient to cover our monthly expenses in the near future.  Our
recent offering was not successful and we will have to seek alternative
funding through additional advances, debt or equity financing in the
next twelve months that could result in increased dilution to the
shareholders.  No specific terms of possible equity or debt financing
have been determined or pursued.

<PAGE>11

Cross Atlantic expects to generate further revenues by purchasing green
coffee from our supplier Victoria Coffees in volumes described in the
supply agreement signed August 9 of 2005.  Cross Atlantic has agreed to
purchase green coffee and Victoria Coffees has agreed to sell to Cross
Atlantic green coffee at a discounted differential to the price of
coffee daily listed on the Coffee, Sugar, and Cocoa Exchange in New
York.

During the period ended June 30, 2006, Cross Atlantic derived 100% of
its revenue from two customers.  Cross Atlantic has entered into
agreements to purchase approximately 300,000 pounds of coffee for
approximately $300,000.  Approximately 310,860 pounds costing $304,697
was delivered in April 2006 and May 2006 and no balance is left.

Once Victoria Coffees has procured a container of coffee and made it
ready for export, Cross Atlantic and VC will agree on a set date or
time to hedge/fix the price by Cross Atlantic acquiring a futures
contract.

The price of coffee on the Coffee, Sugar, and Cocoa Exchange at the
time of the hedge becomes the purchase/selling price between Cross
Atlantic and VC.

The price is by agreement discounted at a fixed differential that can
vary from product to product.  For washed Uganda arabica green coffee
the differential is by contract set to be 14 United States cents per
LBS.

Once the coffee has been purchased and the price hedge is in place,
Cross Atlantic can make use of the futures contract and make delivery
to the Coffee, Sugar, and Cocoa Exchange.  Cross Atlantic will upon a
successful hedge policy have a gross profit of 14 cent per lbs.  We
estimate the cost of delivery from Uganda to an Exchange warehouse to
be 10 cent with a net profit of 4 cent per lbs.

It is the specific strategy of Cross Atlantic to sell all of our
purchased coffee to a private industry buyer.  We expect to be able to
sell our coffee at a differential to the New York coffee contract price
of minus 3 cent to plus 3 cent at the port of Mombassa, Kenya.  This
will give us a gross profit of 11 to 17 cent per lbs, but with a
delivery cost of only 3 cent, giving us a net profit of 8 to 14 cent
per pound of coffee.

We will initially only make deliveries to the Coffee, Sugar, Cocoa
Exchange.


Item 3. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, under the supervision and with the participation of our
chief executive officer, conducted an evaluation of our "disclosure
controls and procedures" (as defined in Securities Exchange Act of 1934

<PAGE>12

(the "Exchange Act") Rules 13a-14(c)).  Based on his evaluation, our
chief executive officer and chief financial officer have concluded that
as of the Evaluation Date, our disclosure controls and procedures are
effective to ensure that all material information required to be filed
in this quarterly report on Form 10QSB has been made known to him in a
timely fashion.

Changes in Internal Controls

There have been no significant changes (including corrective actions
with regard to significant deficiencies or material weaknesses) in our
internal controls or in other factors that could significantly affect
these controls subsequent to the Evaluation Date set forth above.





<PAGE>13

PART II - OTHER INFORMATION

Item 1. Legal Proceedings. not applicable.

Item 2. Changes in Securities and Use of Proceeds.
        not applicable

Item 3. Defaults Upon Senior Securities.
        not applicable.

Item 4. Submission of Matters to a Vote of Security Holders.
         not applicable.

Item 5. Other Information. not applicable.

Item 6. Exhibits and Reports on Form 8-K.

(a)   Reports on Form 8-K.   none
(b)   Exhibits.    none


                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

Dated:  August 14, 2006

Cross Atlantic Commodities, Inc.

By  /s/Michael Enemaerke
    ------------------------
    Michael Enemaerke
    President and Director