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

SkyPostal Networks, Inc. recently announced that their newest facility at Newark Airport, handling their mail and parcel post traffic to and from the UK and Europe, is in full operation. The company also completed a private placement financing totaling $10 million since becoming a publicly traded company. Falcon Capital, a boutique investment banking firm based in London, acted as a placement agent for the financing.

SkyPostal is an international wholesale mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC). The new facility will service existing customers throughout the Northeast and serve new business the company expects to gain from their recent key strategic marketing agreement with Deutsche Post’s U.S. Division – DHL Global Mail. By capitalizing on the ability to utilize Deutsche Post’s global network, the SkyPostal expansion into Newark will facilitate the introduction

Just before the closing bell, SkyPostal Networks, Inc. announced its financial results for the second quarter of 2008. Sales for the 6 months ended June 30, 2008 totaled $4,532,113, which is a 16.5% increase over the same 6-month period ended the previous year. The company also reported that total tonnage handled increased 20% for the 6 months ended June 30, 2008 compared to the same period ended June 30, 2007.

Gross margins were 17.2% in the first half of this year, compared to 23.9% in 2007. “As with all international mail operators, the high fuel surcharges imposed by the airlines during the second quarter could not be immediately passed along to our contracted mail clients. With the increase in fuel surcharges upwards of 30%, we are exploring ways to recover some of these incredibly high surcharges which have been unprecedented in our industry,” commented Albert P. Hernandez, SkyPostal’s