SkyPostal Networks, Inc. (SKPN.OB) Continues to Expand Through Second Half of 2008
Source: http://Blog.QualityStocks.net/?p=12889Posted on Monday, October 13th, 2008 | In Small & Micro Cap
SkyPostal Networks, Inc. (SKPN.OB), a private mail distribution company, continues to experience steady growth in 2008. SkyPostal specializes in the hand-delivery of mail and periodicals into the Latin American-Caribbean (LAC) region.
SkyPostal started 2008 with a strong sales increase of 39.7% during the first quarter versus the same time period in 2007. As the U.S. economy slowed down during the second quarter, the company was still able to recognize an increase in sales of 16.5% that totaled $4,532,113. Additionally, SkyPostal was able to recognize a 20% increase in total tonnage handled through its facilities during the first half of the year.
SkyPostal entered the second half of 2008 with a plan to increase its market share through a number of acquisition possibilities in the non-time critical mail delivery niche. With its stable infrastructure in the LAC, the company is now able to focus on expanding its delivery service into Europe through its partnership with Deutsche Post’s DHL Global Mail. SkyPostal also plans to introduce a service for U.S. ecommerce retailers that will permit them to market their products to upscale consumers in the LAC. Finally, the company has opened a new sorting facility at the Newark Airport to handle the anticipated increase in tonnage.
Hernandez concluded, “We anticipate being able to substantially grow SkyPostal in the second half through several targeted acquisitions, introduction of service to Europe, introduction of new mailing solutions to LAC for internet marketers and the roll out of our GPS-PDA units, which will provide SkyPostal with a decidedly unique advantage over the state-owned public postal networks by offering automatic confirmation of delivery on mail at a fraction of the cost charged by Express operators.”
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