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SkyPostal Networks, Inc. (SKPN.OB) Continues to Expand Through Second Half of 2008
QualityStocks (October 13th, 2008) Writes:
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
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