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SkyPostal Networks, Inc. (SKPN.OB) Reports Financial Results for 2009 First Quarter
QualityStocks (May 19th, 2009) Writes:
SkyPostal Networks, Inc., the largest private postal network in Latin America, this morning announced its financial results for the first quarter ended March 31, 2009.
Highlights include:
First quarter revenue of approximately $2.6 million and a net loss of $0.01 per basic and diluted share Completion of strategic acquisition of LEL to lower costs and increase SkyPostal’s competitiveness in the Latin America market Opening of a mail processing hub in Bogota, Colombia to reduce air transport, mail processing costs and improve mail delivery transit times“We are pleased with the progress we made on our business objectives in the first quarter of 2009. In spite of the current economic downturn, we experienced a 5% increase in revenues over the fourth quarter of 2008 and made solid strides in executing on our business plan to position the Company for long-term growth opportunities,” stated Albert Hernandez, SkyPostal President and CEO.
“We are starting to
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