SkyPostal Networks, Inc., an international mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), announced it has completed arrangements for $10 million in private placement financing through Falcon Capital, an international group of consulting firms providing business development, change management advice and financing through their client base of more than 1,500 banks, institutions and private individuals.
This $10 million, added to the approximately $3.2 million equity conversion from common shares already completed, gives the company a capitalization of more than $13 million, which will enable SkyPostal to move ahead with its plans of improving and extending its mail delivery network in the Latin America-Caribbean region.
Utilizing its now totally debt-free balance sheet, SkyPostal is perfectly aligned to pursue beneficial acquisitions to solidify its market presence and improve and expand its service via deployment of its GPS delivery confirmation service. According to SkyPostal President and CEO Albert P. Hernandez, “With recent developments and the closing of this private placement, SkyPostal will be able to consolidate its network in LAC and expand its service offering to Europe. With this additional capital, we will be able to fast track the growth of the company both organically and through strategic acquisitions.”
SkyPostal is one of the leading private mail networks in Latin America, handling commercial mail, periodicals and parcel post from European postal agencies, major publishers, international mailers and financial institutions. Thanks to its exclusive agreements with more than 20 major private postal services in 20 different countries in the LAC region, SkyPostal is able to deliver mail packets that demand on-time, reliable delivery, and can even offer tracking options for clients via its web-based, proprietary tracking system. The GPS confirmation service is one final step in insuring complete customer satisfaction.
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