SkyPostal Completes $2.3 Million Private Placement for Its E-Commerce Logistics Subsidiary
20 Mai 2010 - 5:11PM
Marketwired
SkyPostal Networks, Inc. (OTCBB: SKPN), the largest private postal
network in Latin America, announces the completion of a private
placement financing totaling $2.26 million in the form of senior
secured convertible debt. Littlebanc Advisors, LLC a boutique
investment banking firm based in Boca Raton, Fl, acted as exclusive
placement agent for the financing.
The proceeds of the offering will be used to rollout SkyShop's
merchant technologies that give online merchants the ability to
accept international orders without taking on the inherent risks of
cross-border shopping. "We believe this financing will enable us to
substantially accelerate our progress towards expanding our current
consumer parcel business marketed under the PuntoMio brand to
include a greater emphasis on merchant oriented e-commerce
logistics," said A.J. Hernandez, President of SkyPostal's SkyShop
Logistics division. Hernandez added, "Our flexible integrated
landed cost technology takes the guess work out of calculating
shipping fees, customs duties, taxes, and insurance, protect the
merchant from the risk associated with accepting international
transactions, and our low cost international logistics network
provides global delivery without the high cost of express delivery.
It makes it easier for the consumer so that he knows exactly what
his purchase will cost delivered to his door including guaranteed
customs duties and taxes."
About SkyShop Logistics
SkyShop Logistics is a wholly owned subsidiary of SkyPostal
focused on integrated, landed cost delivery of online crossborder
purchases. Management's 40 years experience in international
courier logistics allows SkyShop to offer online merchants and
international consumers the ability to manage cross-border
e-commerce without the inherent challenges of international credit
cards, customs clearance, foreign taxes and delivery. Its private
postal network provides online track and trace visibility at lower
costs than the express integrators.
About PuntoMio (www.puntomio.com)
PuntoMio is a shopping portal that facilitates the experience of
the online international shopper from the time of purchase through
cross-border delivery. It allows U.S.-based Internet merchants to
accept international orders without the risks. PuntoMio provides a
U.S. address for foreign shoppers to use when shopping online, thus
their purchase is made as if they resided in the U.S.
PuntoMio is promoted in Europe, Middle East and Latin America
through co-marketing partnerships with American Express, Banco
Santander, Brazil's Banco Itau, Scotiabank, and other credit card
and banking institutions.
PuntoMio's offerings include secure online purchasing and
delivery capabilities using its low cost postal network, customs,
duties and tax cost calculator, product pricing comparison, and
merchandise return capability. Additionally, PuntoMio addresses
many of the challenges of online cross-border shopping -- lack of
familiarity with the U.S. purchase process, expensive express
courier delivery services, U.S. merchants that do not accept
foreign credit cards, absence of an international return process,
unexpected and often high fees associated with customs clearance
and duties, and poor parcel post delivery service provided by the
national postal service in their local country. For more
information visit www.puntomio.com
Forward-Looking Statement:
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof.
Risks and uncertainties applicable to the Company and its business
could cause the Company's actual results to differ materially from
those indicated in any forward-looking statements.
Contacts: Jackie Valldejuli SkyPostal Networks, Inc. Investor
Relations 305-436-6830 investorrelations@skypostal.com Lyn Davis
Littlebanc Advisors 561-922-3700 ld@littlebanc.com
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