Omega United acquires Sky Postal

Source: Supply Chain Digital

Date :4/21/2008 7:21:13 AM

US international mail distribution company SkyPostal Inc. plans major push in into the Latin-America, Caribbean and Mexico international mail market following its merger with Omega United Inc.

Omega United, the financially-troubled US online booking service, said that it would now cease its previous business activities and file to change its name to SkyPostal Networks Inc.

LAC international market

"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 (LAC)," stated SkyPostal president and CEO Albert Hernandez.

"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, standardisation of operating systems and the region-wide development of the SkyPostal brand," he continued.

April 21, 2008