SkyShop Logistics Completes $3 Million Private Placement
19 Maggio 2011 - 1:30PM
SkyShop Logistics, Inc. (OTCBB:SKPN), trading as PuntoMio and
GlobalShop, announces the completion of a private placement
financing totaling $3 million in the form of senior secured
convertible debt. Littlebanc Advisors, LLC, a boutique investment
banking firm based in Boca Raton, Florida, acted as exclusive
placement agent for the financing.
The proceeds of the offering will be used to market to non-US
resident online shoppers SkyShop's unique Sales Tax Free Zone.
International shoppers using the Company's US address facility in
Miami, Florida will now be exempt from paying the 7% Florida State
and Miami Dade County Sales/Use tax. Under its recently signed
agreement with American Express, the Company will market its US
address facility to Amex cardholders in Eastern and Central Europe
and Middle East. These regions have a large growing internet
consumer base with disposable income and lack of products that is
seeking to shop from US online merchants.
About SkyShop Logistics - USA Shopping
Facilitator
SkyShop markets its services under the Globalshop, PuntoMio and
other brands to non US residents by providing a US address to
simplify shopping as if the buyer resided in the US. Its shopping
portals facilitate 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. SkyShop markets its services under agreements
with major world banks and credit card companies, among them
American Express, HSBC, Citibank, Santander, Itau in Brazil,
Banamex in Mexico. These marketing agreements offer the bank's
credit/debit card members shopping portals, under the bank's brand,
that facilitate their purchases at US merchant sites. Clients use
the SkyShop Tax Free Zone Address as their US shipping address.
Upon receipt at SkyShop's Miami Airport hub, the goods are
inspected, repacked and documented for shipping to the buyer's home
country. Upon arrival at destination, SkyShop arranges customs
clearance, pays applicable foreign duties and taxes and delivers to
the consumer's home. 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.
CONTACT: Mary Rodriguez
Investor Relations
305-436-6830
investorrelations@skypostal.com
Lyn Davis
Littlebanc Advisors
561-922-3700
ld@littlebanc.com
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