SkyPostal Networks, Inc., a young company that has been gaining national recognition as the world’s largest private postal network in Latin America, today announced that it has entered into a co-marketing agreement for its PuntoMio online shopping facilitator with the Brazilian Bank; Banco Itaucard. Banco Itaucard is controlled by Itau Unibancob which is one of the largest financial conglomerates in Latin America and one of the 15 largest in the world in terms of market capitalization.

PuntoMio provides Itaucard customers with the easiest and most secure way to shop from the U.S., by merging the convenience of comparison shopping through a searchable online shopping portal with a virtual U.S. address which they use to receive their online purchases. PuntoMio bridges the gap between the online international shopper and U.S. based Internet merchants from the time of purchase through final international delivery to the customer’s home or office.

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Today before the bell, SkyPostal announced that it has launched a new parcel logistics service under the PuntoMiobrand. PuntoMio.com provides online international shopping assistance, international transport, customs clearance and delivery to cross-border shoppers.

Albert Hernandez, SkyPostal President and CEO, stated, “In line with our growth strategy, we are leveraging our established private postal network to enter the parcel post market by facilitating cross-border Internet shopping. The worldwide parcel market has been growing 8% per year to 6.5 billion items in 2007. The economical parcel post service offered by the national posts lacks interconnectivity between the world’s Posts. It does not provide a visible and seamless merchant-to-consumer cross-border service as provided by the costly private express couriers like FedEx and UPS. PuntoMio.com combines proven B2C logistics know-how, mail delivery network and catalog marketing experience to offer on-line merchants the opportunity to market their products to international customers without