SkyPostal Networks, Inc. (SKPN.OB) Enters Middle East with Punto Mio Internet Shopping Facilitator Services
Source: http://Blog.QualityStocks.net/?p=13990Posted on Monday, December 1st, 2008 | In Small & Micro Cap
SkyPostal Networks, Inc. (SKPN.OB) announced that it has signed a joint venture agreement with E-Commerce Ltd. (Kuwait) to expand the Punto Mio online shopping facilitator services to the Middle East. Punto Mio connects international online shoppers with U.S. ecommerce businesses and provides international transport, customs clearance and cross-border parcel delivery to Internet shoppers.
As terms of the agreement, E-Commerce Ltd., through its UShopWeShip.com service, offers U.S. ecommerce merchandise to its 120,000 registered online customers. Using its Punto Mio brand and infrastructure, SkyPostal will provide UShopWeShip.com web site management, processing of the parcels, and transport to the Dubai hub for delivery to most countries in the Middle East. Currently, E-Commerce Ltd delivers approximately 3,500 parcels per week into the region.
E-Commerce Chairman, Basel AlSawan stated, “We are pleased to enter into this partnership with SkyPostal to assist us in seamlessly managing online shopping orders from U.S. merchants to our customers in the Middle East. With Punto Mio, SkyPostal has proven experience in web site management and parcel logistics services that will mutually benefit our businesses.”
AJ Hernandez, COO of SkyPostal, commented, “This agreement fits into our strategy to broaden the Punto Mio brand beyond Latin America into other underserved regions. We plan to continue to secure strategic agreements that will expand our services into the growing cross-border parcel post delivery market and that further build on our core wholesale mail business.”
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