Earlier this month, Omega United Inc. acquired SkyPostal Inc. through a friendly reverse takeover deal. CNN Money reported the estimated value of the transaction to be around $27.6 million. With the acquisition, Omega has changed its business model and will build upon the foundation created by SkyPostal Inc. The company, now trading as OMGA on the over the counter bulletin board, has been renamed SkyPostal Networks Inc. The new name represents the company’s commitment to becoming a dominant international mail distribution company in Latin America, the Caribbean and Mexico (LAC).
SkyPostal already has a foothold in the LAC due to the acquisition of Spring Global Mail Latin America in August 2007. The acquisition resulted in creating the largest private mail service network in Latin America and the Caribbean. The company handles mail from Europe and the US into the LAC from European postal administrations, major publishers, financial institutions, and international mailers that require adherence to time-defined deliveries. Currently, SkyPostal has exclusive agreements with over 20 major private postal services for delivery throughout the LAC and handles over 25 million pieces of mail per month.
Albert P. Hernandez, President and CEO of SkyPostal, stated, “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.”
Not only does SkyPostal hand deliver mail, it also incorporates the use of technology with its service. The company has a propriety GPS-based tracking system, PosTrac™, which allows its customers to track their mailings via the Internet. The system provides customers with up-to-date status on their parcels or periodicals, including signature proof of delivery and the return of undeliverable items, which is a tremendous competitive advantage for SkyPostal.
According to Mr. Hernandez, “SkyPostal is in a unique position through our existing relationships to acquire and roll up the quality private postal carriers in the region and apply our proprietary GPS-based delivery technology, PosTrac™ under development, which will provide auto proof of delivery for regular post to a region where it is estimated that up to 30% of all mail never gets delivered.”
Let us hear your thoughts: SkyPostal, Inc. Message Board