The acquisition represents the next step to the development and success for SkyPostal. President and CEO of the company, Albert P. Hernandez said of the acquisition, “Going public through this merger is the next step in our evolution, as SkyPostal strives to become the dominant mail distribution company in Latin America, the Caribbean and Mexico.”
He continued to say, ““We are now in a position to implement an aggressive growth strategy that features internal growth as well as growth through the acquisition of key postal delivery companies within the region. The highly fragmented postal delivery industry in the LAC region is ripe for consolidation and offers economies of scale related to cost reduction and the elimination of redundant services. The market is ideal for the application of current technologies, standardization of operating systems and the region-wide development of the SkyPostal brand.”
Now that the company is publicly traded, it offers a great deal of capital to its already proven and successful business. The company is currently handling over 25 million pieces of mail per month and has very few comparable competitors. The services provided to customers are unparalleled by either private or government postal services, and averages an incredible 7.5 days transit time with nearly 100% success, or else the mail is returned to sender free of charge.
With the April 18th, 2008 completion of the acquisition, the new company, SkyPostal Networks Inc. is now trading as OMGA on the over the counter bulletin board. With their new open access to capital as well as their proven history of success, this company is now a force to be reckoned with in the postal delivery services industry. Investors will want to keep an eye on this company in both the immediate and long-term future.
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