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SkyPostal Networks Inc. (OMGA.OB) is an international mail company that specializes in providing hand delivery of mail and periodicals into Latin America and The Caribbean (LAC). SkyPostal is the largest private mail network in Latin America and handles over 25 million pieces of mail per month.
National postal services from Europe to LAC are historically unreliable. These national services take at least 17 days for items to be delivered. Also, 30 percent of all mail into some countries in the region does not make it to its destination. The transit time and loss rate utilizing this method is a key reason why consumers are looking towards other international mail options.
There are other options to the national postal service including express services, remailers, and the USPS. Express services, such as DHL, FedEX, and UPS, provide reliable, traceable service but are very costly per item. Remailers are less expensive, but the mail is intermingled into the national postal service once it enters the region. USPS is reliable but its international services (IPA/ISLA) are costly, and like remailers, the mail is placed into the national postal service once it enters the LAC.
Rather than build its own system, SkyPostal signs the “best in class” messenger services in each country to hand deliver mail and parcels, which offers significant advantages. The company provides senders and recipients the ability to track their mail via its website, and provides signature proof of delivery service.
Why would someone use any other service when SkyPostal provides a more economic and reliable option throughout Latin America and the Caribbean?
SkyPostal Networks, Inc. (OMGA.OB) Announces Solid First Quarter Results
SkyPostal Networks, Inc. (OMGA.OB) announced financial results from its Q1 2008 operations today. Based in Miami, SkyPostal specializes in the hand delivery of commercial mail and periodicals from Europe and the US into Latin America and the Caribbean (LAC).
Sales for the first quarter were reported at $2,440,801, which is a 40 percent increase over the same period in 2007, where sales were $1,747,765. The reported numbers indicate improved total operating margins from 17 percent in 2007 to 24 percent in 2008. EBITDA numbers also indicated an 11 percent increase.
President and CEO Albert Hernandez said, “We are very pleased to see our margins increasing together with the EBITDA and record revenue growth. The Company is committed to further expanding while keeping operational expenses as low as possible. We anticipate that margins will continue to increase as we further establish our presence in the LAC and improve our operational efficacy.”
Although the company saw increased tonnage and revenue, higher revenue per kilogram, lower delivery cost per kilogram and the resultant better margin between revenue and delivery cost per kilogram, net loss for Q1 2008 increased to $1,030,499 from $445,418 reported for Q1 2007. The net loss increase was in part due to non-recurring and non-cash expenses.
SkyPostal currently has exclusive agreements with over 20 major private postal services in 20 countries in the LAC. Over the last five quarters, the tonnage delivered has continually increased.
Hernandez stated, “Quite simply, we have achieved the best quarter over quarter results in the Company’s history based on revenues and profitability.” He continued, “Our investment in 2007 has provided a solid groundwork for a strong 2008.”
At this time, more than 130 tons of mail per month is being delivered into the LAC. The company projects continued growth through the remainder of 2008. The UPU estimates the region can potentially produce $1 billion for the company. A study in 2004 found that the LAC has a population of over 530 million, which results in an estimated 11 billion items of mail.
Hernandez concluded, “We are continuing to execute and improve upon our business model, and we believe that the Company will continue to aggressively grow its revenue and efficiencies in 2008. Our management team has done an extraordinary job positioning the Company to continue increasing its penetration in the industry. Simultaneously, they have created a powerful entrepreneurial spirit to enable the Company to generate strong revenue and net income growth while providing the best service possible.”
Omega United Inc. dba SkyPostal Inc. (OMGA.OB) Improving Latin America Shipments for All Industries
International mailers and postal services depend on the speedy and successful delivery alternatives that SkyPostal Incorporated provides, and so can a number of other industries. SkyPostal is an international mail distribution company that specializes in offering hand delivery of mail and periodicals into Latin America. Their mission is to provide customers with the highest standards of consistent, secure and reliable mail delivery service into Latin America through the use of innovative logistics solutions and state of the art information technology.
Small businesses, financial institutions, direct marketers, publishers, catalog companies, letter shop and fulfillment companies are just a sample of the industries that can benefit from SkyPostal’s services. Financial institutions and small businesses both depend on reliable and time-efficient delivery sources, since their delivery needs are often time-sensitive and confidential. SkyPostal can provide these services and guarantee that they will be both secured and cost effective, and can even provide the sender with delivery statements and signature confirmation for crucial deliveries such as checkbooks and credit cards.
Larger customers that depend on circulation can also benefit from SkyPostal’s catalog distribution services. This will give the sender confidence that their full customer list will receive the desired materials and this confidence is backed up with real-time GPS tracking of packages. Additionally, SkyPostal now offers an un-addressed delivery service which targets highly rated consumers in the region via their tag-along service. These pieces will reach locations covered in SkyPostal’s regular delivery areas, even when the address is unknown or previously unavailable by other conventional delivery services. No matter what the business need, SkyPostal has the timely and inexpensive solution.
Omega United, Inc. (OMGA.OB) dba SkyPostal Networks announces the Nomination of David Fineman to its Board of Directors
Omega United, Inc. dba SkyPostal Networks, Inc. announced that it has nominated Mr. S. David Fineman to its Board of Directors. The company stated that he will later be formally appointed to the board at the forthcoming shareholder meeting.
Mr. Fineman is currently a senior partner of the law firm Fineman, Krekstein & Harris in Philadelphia. His clients have varied greatly, including governmental authorities and private clients dealing with government. He was nominated by the President of the United States and confirmed by the United States Senate as one of nine Governors of the U.S. Postal Service and served as Chairman of the Board of Governors.
Albert P. Hernandez, SkyPostal’s President and CEO, stated, “We are honored that Mr. Fineman has agreed to join our Board of Directors. With his history and experience, Mr. Fineman brings extensive knowledge of the postal industry and leadership qualities that will help us continue expanding as we provide consistent, secure and reliable mail delivery service into Latin America.”
Mr. Fineman has been selected for “Who’s Who in American Law,” “Who’s Who in Emerging Leaders in America,” and was titled a Pennsylvania “Super Lawyer” for his expertise in Business Litigation. He was also a member of the Industry Policy Advisory Committee, a CEO-level committee that advises the Secretary of Commerce and U.S. Trade Representative on international trade, as well as served on the Boards of a number of private companies and non-profit entities.
Commenting on the nomination, Mr. Fineman stated, “By offering reliable, low cost, and trackable mail services, SkyPostal has quickly grown to become one of the largest private mail networks in Latin America. I am very pleased to be a part of this progressive Company and look forward to contributing to its rapid growth.”
Omega United, Inc. (OMGA.OB) dba SkyPostal Networks Announces 40% Increase in Q1 Revenue; Appointment of Prestigious New Member to Board of Directors
SkyPostal Inc. is an international mail distribution company specializing in the hand delivery of commercial mail, periodicals and parcels in the Latin American - Caribbean region (LAC). The company has established itself as one of the largest private mail networks in Latin America, executing the delivery of mail from European entities with time-sensitive deliveries, such as major publishers, mail consolidators, international mailers and financial institutions.
The company recently announced its first-quarter results, posting sales at $2.4 million, a 40-percent increase over the $1.7 million reported last year. The company also reported an increase in gross margin, at 25 percent for the first quarter of 2008, up from 17 percent for the same period last year. EBITDA increased 11 percent within the period.
“We are very pleased to see our margins increasing together with the EBITDA and record revenue growth. The company is committed to further expanding while keeping operational expenses as low as possible. We anticipate that margins will continue to increase as we further establish our presence in the LAC and improve our operational efficacy,” Albert P. Hernandez, SkyPostal’s president and CEO stated in the press release.
The company has established exclusive agreements with more than 20 major private postal services in 20 different countries through the LAC region. The company anticipates growth in the upcoming year and expects to increase its market share of the non-critical time segment.
SkyPostal also announced the nomination of S. David Fineman to its board of directors. He will be formally appointed at the upcoming shareholder meeting. Fineman is a senior partner of Fineman, Krekstein & Harris in Philadelphia and is experienced with governmental authorities and private clients. Fineman’s experience drew him the respect of several government officials: he was nominated by the president of the United States and confirmed by the United States Senate as one of nine governors of the U.S. Postal Service and has served as chairman of the board of governors.
“We are honored that Mr. Fineman has agreed to join our board of directors,” Hernandez stated. “With his history and experience, Mr. Fineman brings extensive knowledge of the postal industry and leadership qualities that will help us continue expanding as we provide consistent, secure and reliable mail delivery service into Latin America.”
Omega United Inc (OMGA.OB) dba SkyPostal Networks’ New Board Member Boasts Impressive Credentials
On May 28, 2008, Omega United Inc (OMGA.OB) dba SkyPostal Networks elected Mr. S. David Fineman to its board of directors. Mr. Fineman is a distinguished attorney and senior partner in the law firm of Fineman, Krekstein and Harris, located in Philadelphia. The law firm represents a wide variety of clients, including governmental authorities and private clients dealing with government. He has an active litigation practice, and represents clients throughout the United States, Europe and Japan.
Mr. Fineman has represented several political and business organizations during his career, and has served as counsel to various federal, state and municipal candidates and elected officials in Pennsylvania. He has served as special counsel to Pennsylvania’s Secretary of Banking and Insurance Commissioner. At a national level, he has been a member of the Industry Policy Advisory Committee, a CEO-level committee that advises the U.S. Secretary of Commerce and U.S. trade representatives on international trade. Finally, he has served on the boards of other private companies and non-profit entities.
The most valuable attribute Mr. Fineman brings to SkyPostal’s Board of Directors is that, from 1995 to 2004, he served on the U.S. Postal Service’s (USPS) Board of Governors, an appointment given him in 1995 by President Clinton. According to USPS Postmaster General and Chief Executive Officer John E. Potter, “Chairman Fineman set extraordinarily high standards for the Postal Service, and then urged us to exceed them. He guided and supported Postal Service achievement, and publicly advocated postal reform.” During Mr. Fineman’s tenure as chairman, the Postal Service moved aggressively to identify and capture opportunities to cut costs, and improve efficiency and customer service.
A review of SkyPostal’s Q1 financial results shows that the company must concentrate on two main areas. First, it must generate profitability by improving the efficiency of its operations. Second, it must continue to expand its business in Latin America. It is clear from Mr. Fineman’s experience as USPS Board of Governor Chairman and his international trade policy advisory experience that he will provide expert guidance to SkyPostal.
SkyPostal Inc. (OMGA.OB) Making Sure Businesses No Longer Fear Shipping to Latin America
Omega United Inc., dba SkyPostal Networks Inc., offers more to its customers than just timely delivery of mail and periodicals into Latin America. SkyPostal offers several specialized services for businesses and individuals in need of delivery services and direct mail solicitations in the often uncertain market of Latin America. These services are offered at a significantly discounted cost and represent the first cost-effective solution that can guarantee a package reaching its destination.
SkyPostal mail ensures a timely delivery to its destination anywhere between 7 and 10 days of the package being received in Miami, Florida. The package is then transported and delivered by hand by a SkyPostal employee. If hand delivery is not enough, SkyPostal tracks all shipments with their unique PosTrac GPS system that allows for real-time monitoring of packages from the time they leave Miami until they reach their destination.
SkyPostal’s services also include return mail and undeliverable mail returns either electronically or physically. If a client is able to barcode each mail item, SkyPostal will scan in all undeliverable or return items and provide a reason for the return. This information will be available to the client via PosTrac, and allows the client to correct the address and prevent the problem from recurring in the future. For an additional charge based on package weight, SkyPostal will also physically return undeliverable items to the sender.
For larger businesses with mass marketing needs, SkyPostal now offers an un-addressed delivery service. This targets highly-rated consumers in the region via their tag-along service. These pieces will reach locations covered in SkyPostal’s regular delivery areas, even when the address is unknown or previously unavailable by other conventional delivery services. Finally SkyPostal can now provide signature proof of delivery in most cities.
Omega United, Inc. dba SkyPostal Networks, Inc. (OMGA.OB) Announces $10M Financing
Omega United, Inc. dba SkyPostal Networks, Inc. (OTCBB:OMGA), an international mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), announced it has completed arrangements for $10 million in private placement financing through Falcon Capital, an international group of consulting firms providing business development, change management advice and financing through their client base of more than 1,500 banks, institutions and private individuals.
This $10 million, added to the approximately $3.2 million equity conversion from common shares already completed, gives the company a capitalization of more than $13 million, which will enable SkyPostal to move ahead with its plans of improving and extending its mail delivery network in the Latin America-Caribbean region.
Utilizing its now totally debt-free balance sheet, SkyPostal is perfectly aligned to pursue beneficial acquisitions to solidify its market presence and improve and expand its service via deployment of its GPS delivery confirmation service. According to SkyPostal President and CEO Albert P. Hernandez, “With recent developments and the closing of this private placement, SkyPostal will be able to consolidate its network in LAC and expand its service offering to Europe. With this additional capital, we will be able to fast track the growth of the company both organically and through strategic acquisitions.”
SkyPostal is one of the leading private mail networks in Latin America, handling commercial mail, periodicals and parcel post from European postal agencies, major publishers, international mailers and financial institutions. Thanks to its exclusive agreements with more than 20 major private postal services in 20 different countries in the LAC region, SkyPostal is able to deliver mail packets that demand on-time, reliable delivery, and can even offer tracking options for clients via its web-based, proprietary tracking system. The GPS confirmation service is one final step in insuring complete customer satisfaction.
Omega United, Inc. (OMGA.OB) dba SkyPostal Networks, Inc. is Focused on Constantly Improving Their Already Stellar Shipping to Latin America
Omega United Incorporated, dba SkyPostal Networks Incorporated, is one of the leading private mail networks in Latin America, handling commercial mail, periodicals and parcel post from European postal agencies, major publishers, international mailers and financial institutions. A combination of careful reinvesting in the company and a team of leadership with more than 150 years of combined industry experience has them well position for the challenges to come. The investments made in the past have given them a solid foundation and a strong business model for the future.
Earlier this week, SkyPostal announced completed arrangements for $10 million in private placement financing through Falcon Capital, an international group of consulting firms providing business development, change management advice and financing through their client base of more than 1,500 banks, institutions and private individuals. This financing will be used to improve the company’s existing infrastructure as well as extend their current mail delivery network throughout the Latin America-Caribbean region.
SkyPostal’s unique GPS tracking system, PosTrac, offers real time GPS tracking of packages, and recently the service has been upgraded to show digital signatures of packages. As advanced as this technology is, SkyPostal still has room to improve this service and make it the best in the industry bar none. With this new infusion of capital and a rapidly expanding and improving business model, more additional and improved services are anticipated to come.
Omega United, Inc. (OMGA.OB) dba SkyPostal Networks, Inc. Completes $10 Million Funding Agreement, Anticipates Growth
Earlier this week, SkyPostal Networks, Inc. (OMGA.OB) announced the completion of $10 million of private placement financing. Falcon Capital, a London-based boutique investment banking firm, acted as placement agent for the financing.
Falcon Capital is an international group of consulting firms that provide a wide range of services to businesses. For small and medium-sized companies, Falcon provides business development and change management advice across a variety of industries in both established and emerging markets. Falcon serves over 1500 banks and financial institutions in over 70 countries across six continents.
In the last year, SkyPostal has been able to grow its customer-base along with the services it provides. The company’s first quarter 2008 sales results were reported at $2,440,801, which was a 40 percent increase over the same period in 2007. Improvements were also seen in total operating margin, which increased from 17 to 24 percent, and EBITDA, which increased 11 percent over the same period.
SkyPostal intends to use the funds to improve the hand-delivery network in the Latin America-Caribbean region (LAC) through: the deployment of its GPS delivery confirmation system; the expansion of the services offered to customers; and the possibility of future acquisitions. At this time, the company has exclusive agreements with over 20 private postal services through 20 different countries in the LAC. The current infrastructure allows for the delivery of more than 130 tons of mail per month.
“We believe this financing will enable SkyPostal to substantially accelerate progress toward our key strategic initiatives and solidify our market presence,” stated president and CEO of SkyPostal, Albert Hernandez. “With recent developments and the closing of this private placement, SkyPostal will be able to consolidate its network in LAC and expand its service offering to Europe. With this additional capital, we will be able to fast track the growth of the company both organically and through strategic acquisitions.”
SkyPostal, Inc. (OMGA.OB) Has a Well Experienced Management Team Leading its Growth
SkyPostal, Inc. (OMGA.OB) is an international mail distribution company specializing in offering hand delivery of mail and periodicals into Latin America. The company looks to provide customers with the most consistent, secure, and dependable mail delivery service while utilizing innovative logistics solutions and technologically advanced information. As of today, they are the largest private mail network in Latin America handling mail from European postal administrations, major publishers, international mailers, and financial institutions. The company’s services are supported by a web-based proprietary tracking system that provides clients with the ability to track their mailings.
The management team founded the first courier and mail delivery service in Latin America back in 1972 called SkyNet-Choice. SkyPostal was founded in 2002 to create a higher and more modern standard for “time defined” mail delivery in the Americas. The company’s established “outsourced” private messenger network combined with their proprietary software enables SkyPostal to satisfy a vast market need for reliable and affordable “time defined” mail service throughout the region. Hand delivered mail by SkyPostal takes an average of 7.5 days, while it takes national postal services around 17 days. It’s not only the transit time of the national postal service that is much longer but their undeliverable rate is as high as 30% in some countries.
Albert P. Hernandez, CEO of SkyPostal has accumulated over 38 years of mail and messenger delivery experience. He was a pioneer in developing the private courier and mail delivery business in Latin America, opening his first operation in Venezuela in 1972. He has worked with FedEx with package distribution in the region during the 80’s, handling express mail shipments for several European posts, and hand-delivery of mail for Deutsche Post’s Global Mail in the 90’s.
Michael J. Knorr, President of SkyPostal, brings a wide array of expertise and experience to the company’s board. Having worked in the strategic planning, development and management of large-scale express transportation and mail operations for over 20 years, his well-rounded knowledge makes him a great asset to the company. He was previously the executive vice president at Swiss Post International (USA), Inc. in New York, a wholly owned subsidiary of Swiss PostAG. Prior to that, he held senior positions at Express Messenger Systems, Inc. (EMS), and TNT Express Worldwide, the world leader in global express, logistics and mail services.
Omega United, Inc. dba SkyPostal Networks, Inc. (OMGA.OB) Files 8-K Announcing Expanded Partnership with Deutsche Post’s DHL Global Mail
In an 8-K filed on July 1st, Omega United, Inc., dba SkyPostal, announced that it has agreed with Deutsche Post’s DHL Global Mail to extend their current partnership. The new contract will allow SkyPostal to expand its service offering to Europe, which may further increase revenues.
SkyPostal already has a foothold in the LAC due to the acquisition of Spring Global Mail Latin America in August 2007. This acquisition resulted in the creation of the largest private mail service network in Latin America and the Caribbean. The company handles mail from European postal administrations, major publishers, financial institutions, and international mailers that require adherence to time-defined deliveries. Currently, SkyPostal has exclusive agreements with over 20 major private postal services for delivery throughout the LAC, and handles over 25 million pieces of mail per month.
Recently SkyPostal announced financial results from its Q1 2008 operations. Sales for the first quarter were reported at $2,440,801, which is a 40 percent increase over the same period in 2007, where sales were $1,747,765. The reported numbers indicate improved total operating margins from 17 percent in 2007 to 24 percent in 2008. EBITDA numbers also indicated an 11 percent increase.
President and CEO Albert Hernandez said, “We are continuing to execute and improve upon our business model, and we believe that the company will continue to aggressively grow its revenue and efficiencies in 2008. Our management team has done an extraordinary job positioning the Company to continue increasing its penetration in the industry. Simultaneously, they have created a powerful entrepreneurial spirit to enable the company to generate strong revenue and net income growth while providing the best service possible.”
Omega United, Inc. dba SkyPostal, Inc. (OMGA.OB) Recently Signed a Key Strategic Marketing Agreement with DHL Global Mail
Last week, Omega United, Inc., dba SkyPostal, signed a contract with Deutsche Post’s DHL Global Mail, which allows the company to expand its service coverage to Europe. Previously, SkyPostal was only focused on delivering mail to the Latin American-Caribbean region.
This monumental contract is anticipated to significantly increase SkyPostal’s revenues. Current statistics of mail delivery indicate that 12% of the international mail coming from the United States goes to the Latin America-Caribbean (LAC) region. In contrast, an estimated 35% of U.S. international mail is delivered into Europe. SkyPostal may now capitalize on the combined postal demand of both major regions.
DHL Global Mail is a leader in worldwide cross-border mail business, with 4,000 employees, 50 processing centers, and 35 sales offices located throughout the globe. DHL Global Mail offers expertise in express, air and ocean freight, overland transport, contract logistics solutions and international mail services, combined with worldwide coverage and an in-depth understanding of local markets. DHL’s international network links more than 220 countries and territories worldwide.
The agreement further validates SkyPostal’s stated strategic initiative to continue to expand revenues and earnings by maximizing capacity and output to meet the demand for door-to-door reliable international mail service. SkyPostal will now be able to market their service as a wholesaler throughout Europe and into the entire DHL international network.
SkyPostal Inc. (OMGA.OB), a Miami-based international mail distribution company, recently signed an agreement with Deutsche Post’s DHL Global Mail to expand services throughout Europe. With a solid footprint in Latin America and the Caribbean, SkyPostal will now be able to provide expanded service to its established client base in Europe.
Interestingly enough, FedEx has indicated interest in mimicking SkyPostal’s business decision. Many consider FedEx to be the premier parcel network here in the U.S., but it is actually attempting to recover from a fourth quarter loss of $241 million. To help alleviate the loss, FedEx is looking at expanding its international operations into Europe by purchasing TNT, a smaller delivery service based in the Netherlands.
Where FedEx is only thinking about the plan, SkyPostal has already committed itself to strengthening its presence in Europe. The agreement with DHL Global Mail is a logical business decision, as DHL is considered a leader in world-wide, cross-border mail delivery. SkyPostal can capitalize on DHL’s solid infrastructure and continue to provide reliable service for its established and new clients in Europe.
It is estimated that about 12 percent of U.S. international mail is currently delivered to the Latin America-Caribbean (LAC) region. Additionally, about 35 percent of U.S. international mail is being delivered to European countries. With a large target market in two specific regions, SkyPostal can focus its efforts and continue to build its reputation for on-time delivery throughout the LAC and Europe.
Omega United Inc. dba SkyPostal Networks Inc. (OMGA.OB) Serving a Growing List of Countries in Latin America and Europe
Omega United Inc., dba SkyPostal Networks Inc., is one of the leading private mail networks in the Latin America – Caribbean region. Thanks to a recently signed strategic marketing agreement with Deutsche Post’s DHL Global Mail, SkyPostal has now expanded its services into Europe. The expansion into Europe through a joint venture with DHL Global, drastically increases SkyPostal’s service area.
Previously, SkyPostal serviced only the following countries in the Latin American – Caribbean area: Brazil, Mexico, Argentina, Columbia, Chile, Peru, Venezuela, Dominican Republic, Guatemala, Ecuador, Costa Rica, Cuba, Uruguay, El Salvador, Paraguay, Bolivia, Panama, Honduras, Trinidad and Tobago, Nicaragua, Haiti, Jamaica, Bahamas, Barbados, Guyana, Suriname, Belize, Saint Lucia, Antigua and Barbuda, Grenada, Dominica, and the Netherlands Antilles.
After signing the contract with DHL Global Mail, services to Europe will more than double the number of countries served. The following countries will be potentially added to European service: Germany, United Kingdom, France, Italy, Spain, Russia, the Netherlands, Turkey, Sweden, Belgium, Switzerland, Poland, Norway, Austria, Greece, Denmark, Ireland, Finland, Portugal, Czech Republic, Romania, Ukraine, Hungary, Slovakia, Croatia, Luxembourg, Slovenia, Belarus, Serbia, Bulgaria, Lithuania, Latvia, Azerbaijan, Cyprus, Estonia, Iceland, Bosnia, Albania, Georgia, Armenia, Macedonia, Moldova and Montenegro.
These new areas represent a larger stream of potential revenues and increased services. SkyPostal was already delivering over 800,000 pieces of mail per day. That is an astounding total of 25 million pieces of mail per month. The new, increased delivery area and additional service options in Europe will surely create a rise in demand for the services of SkyPostal.
Omega United, Inc. dba SkyPostal (OMGA.OB) Networks Continues Expansion to the Northeast Region with Newark Airport Facility Addition
SkyPostal Networks, Inc. announced the opening of a new facility at Newark Airport to handle its mail and parcel post traffic to and from the UK and Europe. The new facility will service existing customers throughout the Northeast and serve new business the company expects to gain from its recent key strategic marketing agreement with Deutsche Post’s U.S. Division – DHL Global Mail.
Albert P. Hernandez, SkyPostal’s president and CEO, stated, “The operations at Newark will help us gain new business by having a local presence in the Northeast region. By changing and expanding our shipment processing locations, we reduce line haul costs and improve transit times. Mail shipments normally processed through our Miami hub can now be routed more efficiently to Europe and certain LAC destinations through the Newark location. This development allows SkyPostal to increase the rate of international expansion while improving service quality. We anticipate even greater growth potential in the near future with the addition of hand delivery service to Europe.”
By capitalizing on the ability to utilize Deutsche Post’s global network, the SkyPostal expansion into Newark will facilitate the introduction of service to Europe. Newark Liberty Airport last year handled over 1 million tons of cargo and is a major hub for large international mailers.
Omega United, Inc. (OMGA.OB) Announces Name and Symbol Change to SkyPostal Networks, Inc. (SKPN.OB)
Before the bell today, Omega United, Inc. dba SkyPostal announced that it will officially change its corporate name to SkyPostal Networks Inc effective today. The new trading symbol will be listed on the OTCBB Bulletin Board Exchange under the ticker SKPN.
Albert P. Hernandez, SkyPostal’s President and CEO, stated, “We are very pleased to complete the name change to SkyPostal Networks, a name that we believe will enable us to be more marketable on a global scale with a cohesive, instantly-recognizable identity. Additionally, the name change comes at an opportune time when we are making significant expansions to our product and service offerings.”
The name change better reflects the mission of the company to be a global leader in the non-time critical mail and parcel post delivery market. Additionally, the change is expected to support the anticipated promotion of a readily identifiable brand name for the company’s products.
SkyPostal, an international mail distribution company that specializes in offering the hand delivery of mail and periodicals into Latin America (LAC), currently has service agreements with the French, German and Swiss postal services to deliver mail in the LAC region. The company is also providing reliable, time-defined, international “intelligent” private postal services at lower costs than the United States Postal Service and the major European postal agencies, with higher customer satisfaction.
$1.3 (05/15/08)
