SkyPostal Networks Announces 2008 Third Quarter Financial Results
MIAMI and SANTIAGO – November 14, 2008 – SkyPostal Networks, Inc. (OTC BB: SKPN), the largest private postal network in Latin America, today reported financial results for the third quarter ended September 30, 2008.
Third Quarter and Recent Company Highlights

1. Reported third quarter revenue increase year-over-year to approximately $2.2 million and a net loss of $0.02 per basic and diluted share.
2. Entered the cross-border parcel post market with the launch of PuntoMio.com, an online shopping facilitator.
3. Initiated PosTrac GPS addressing and mail tracking system prototype production in Colombia.
4. Expanded mail processing capabilities in the North Eastern U.S. with Newark International Airport hub opening.
5. Signed a distribution agreement with Deutsche Post’s DHL Global Mail to extend its wholesale postal mail delivery network to Europe.
6. Completed reverse merger, changed Company name to SkyPostal Networks and ticker symbol to SKPN.

“Through our established private postal network, we are well positioned to grow our business and capitalize on the international postal market opportunities in the Latin America-Caribbean (LAC) region as well as the emerging private postal European market,” said Albert Hernandez, SkyPostal President and CEO. “We are making steady progress toward our growth strategy to expand our market reach and strengthen our business.
“In October, we entered the estimated $1.8 billion cross-border parcel post delivery market through the introduction of PuntoMio.com. PuntoMio.com facilitates U.S. Internet shopping by offering foreign consumers a U.S. address to receive Internet purchases, and providing low-cost trackable, cross-border parcel post delivery of the order from the U.S. to LAC. We expect to begin generating revenue from this new business segment as early as the fourth quarter of this year. We also plan to extend our private postal network to Europe from the U.S. and LAC through our distribution agreement with Deutsche Post DHL Global Mail, which gives us access to the world’s largest international mail network.
“We are currently seeking additional capital to fund our expansion initiatives and aggressive acquisition strategy. Our plans are designed to consolidate and manage the highly fragmented private postal network in LAC and continue expansion of our private postal network throughout
Europe. As we move forward, we continue to develop strategic logistic and co-marketing partnership agreements in Europe and LAC. We will also work to increase our business with existing customers by offering innovative mail distribution solutions, such as our proprietary GPS and mail tracking PosTrac technology, to augment tonnage and achieve our ultimate profitability objective,” Mr. Hernandez concluded.
Third Quarter 2008 Financial Results
SkyPostal generates revenue based on the tonnage of mail delivered, measured in kilograms, based on the distance to deliver, contract terms for committed annual tonnage or service and volume discounts.
Revenue for the three months ended September 30, 2008 increased to $2.2 million, compared with $2.1 million for the prior quarter and $1.9 million for the three months ended September 30, 2007. The year-over-year increase in revenues was largely due to an increase in tonnage of 21.5% year-over-year, partially offset by a 7.8% decrease in revenue per kilogram due to competitive pricing pressure.
Gross margin for the third quarter of 2008 was 18.9%, compared with 9.2% in the prior quarter and 22.1% in the third quarter of 2007. The year-over-year decrease in gross margin was primarily due to an increase in the price of petroleum. The increase in gross margin on a sequential quarter basis was primarily due to price increases in the second quarter of 2008 from the Company’s largest provider of air services to Latin America.
Total operating expenses for the third quarter of 2008 were $3.4 million, compared with $3.1 million in the 2008 second quarter and $2.4 million in the third quarter of 2007. The year-over-year increase in total operating expenses primarily resulted from an increase in general administrative expenses related to increased salaries and benefits from the addition of senior management and administrative staff and increased costs associated with operating as a public company. Operating expenses included stock-based compensation charges of approximately $415,000 in the third quarter of 2008, approximately $202,000 in the second quarter of 2008 and approximately $69,000 in the third quarter of 2007. SkyPostal expects to report quarterly charges associated with stock-based compensation at approximately the same level of its 2008 reported periods as the Company amortizes the cost of a new equity-based compensation plan for employees, directors and advisors on vesting dates over the next three years.
For the third quarter of 2008, net loss totaled approximately $1.4 million, or $0.02 per basic and diluted share based on 55.9 million weighted average shares outstanding. This compares with a net income for the second quarter of 2008 of approximately $378,000, or $0.01 per basic and diluted share based on 54.9 million weighted average shares outstanding. Net loss for the third quarter of 2007 totaled approximately $654,000, or $0.04 per basic and diluted share based on 15.7 million weighted average shares outstanding. The year-over-year increase in total shares outstanding was related to the completion of the SkyPostal Networks’ reverse merger and private placement in April 2008.
Capitalization
From March 7, 2008 through September 29, 2008 SkyPostal sold approximately 20.7 million shares of its common stock at $0.50 per share in a private placement for gross proceeds of approximately $10.3 million. The Company used this capital to repay $0.9 million in loans from third parties and amounts owing to shareholders totaling approximately $438,000, as well as for working capital purposes. At September 30, 2008 the Company had no indebtedness.
In October, SkyPostal Networks arranged a commercial/revolving line of credit for up to $1.2 million. The Company will be able to borrow up to 80% of the value of eligible receivables.
About SkyPostal Networks, Inc.
SkyPostal is an international wholesale mail distribution company that specializes in hand delivery of commercial mail, periodicals and parcel post into the Latin America-Caribbean (LAC) region. SkyPostal is the largest private postal network in Latin America, delivering more than 60 million mail items each month through its network of local private postal operators. SkyPostal handles mail from European postal administrations, major publishers, mail consolidators, international mailers and financial institutions that require time-defined and reliable delivery of their mail, magazines and mail order parcels. For more information visit www.skypostal.com.
Forward Looking Statements
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the Company and its business could cause the Company's actual results to differ materially from those indicated in any forward-looking statements.

Contacts:
Financial Profiles, Inc.
Brandi Floberg
(310) 277-4711
bfloberg@finprofiles.com

SKYPOSTAL NETWORKS, INC.
(FORMERLY OMEGA UNITED, INC.)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

SkyPostal Networks Continues

Expansion to the North East Region with Newark Airport Facility

Addition

MIAMI Jul 23, 2008 --(BUSINESS WIRE)-- SkyPostal Networks, Inc.

(OTCBB:SKPN), an international wholesale mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), announced today the opening of a new facility at Newark Airport to handle its mail and parcel post traffic to and from the UK and Europe. The new facility will service existing customers throughout the North-East and serve new business the company expects to gain from its recent key strategic marketing agreement with Deutsche Post’s US Division – DHL Global Mail.

By capitalizing on the ability to utilize Deutsche Post’s global network, the SkyPostal expansion into Newark will facilitate the introduction of service to Europe. Newark Liberty Airport last year handled over 1 million tons of cargo and is a major hub for large international mailers. "The operations at Newark will help us gain new business by having a local presence in the North East region. By changing and expanding our shipment processing locations, we reduce line haul costs and improve transit times. Mail shipments normally processed through our Miami hub can now be routed more efficiently to Europe and certain LAC destinations through the Newark location,” said Albert P. Hernandez, SkyPostal’s President and CEO. “This development allows SkyPostal to increase the rate of international expansion while improving service quality. We anticipate even greater growth potential in the near future with the addition of hand delivery service to Europe.”

About SkyPostal, Inc.

SkyPostal, Inc., based in Miami, Fla., is an international wholesale mail distribution company that specializes in offering hand delivery of commercial mail, periodicals and parcel post into the LAC region. SkyPostal is one of the largest private mail networks in Latin America, handling mail from European postal administrations, major publishers, mail consolidators, international mailers and financial institutions that require timedefined and reliable delivery of their mail, magazines and mail order parcels.

Forward-Looking Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the Company and its business could cause the Company's actual results to differ materially from those indicated in any forward-looking statements.

Contact:

SkyPostal, Inc.

Investor Relations, 305-436-6815

investorrelations@skypostal.com

SkyPostal Networks Completes $10 million Private Placement

Funding will be used to improve the SkyPostal private postal network with the rollout of it GPS delivery confirmation system

MIAMI June 17, 2008 --(BUSINESS WIRE)-- SkyPostal Networks, Inc. (OTCBB:SKPN - News), an international mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), proudly announces the completion of a private placement financing totaling $10 million.  Falcon Capital, a boutique investment banking firm based in London, acted as placement agent for the financing.

The Company also announced it converted approximately $3.2 million of debt into equity in the form of common shares. The new combined capitalization of over $13 million strengthens SkyPostal’s now totally debt free balance sheet.

The net proceeds of the offering will be used to improve the hand delivery network in LAC with the deployment of its GPS delivery confirmation system, expand services to customers, and for potential acquisitions. "We believe this financing will enable SkyPostal to substantially accelerate progress toward our key strategic initiatives and solidify our market presence” said Albert P. Hernandez, SkyPostal President and CEO. “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 has exclusive agreements in place with over 20 major private postal services in 20 different countries throughout the LAC region for the delivery of commercial mail, periodicals and parcel post .

About Falcon Capital

SkyPostal, Inc.

Investor Relations, 305-436-6815

SkyPostal Networks Announces Record Revenue Growth

SkyPostal Delivers Private Postal Delivery Service to Latin-America, Caribbean and Mexico Regions

MIAMI May 16, 2008 --(BUSINESS WIRE)-- SkyPostal (OTCBB: SKPN - News), an international mail distribution company specializing in hand delivery of commercial mail and periodicals to the Latin America-Caribbean region (LAC), today announced record financial results for the first quarter of 2008.

The results include sales of $2,440,801 a 40% increase over the previous year's first quarter revenues of $1,747,765, demonstrating the success of the Company's initiatives to become one of the largest facilitators of mail delivery from Europe and the US into LAC, reliably delivering more than 130 tons of mail per month into the region.

Financial results also showed an improvement in total operating margins. Margins increased from 17% to 24% compared to the first quarter last year. EBITDA also improved 11% in the same period. “We are very pleased to see our margins increasing together with the EBITDA and record revenue growth. The Company is committed to further expanding while keeping operational expenses as low as possible. We anticipate that margins will continue to increase as we further establish our presence in the LAC and improve our operational efficacy,” states Albert P. Hernandez, SkyPostal’s President and CEO.

Although financial results reflected increased tonnage and revenue, higher revenue per kilogram, lower delivery cost per kilogram and the resultant better margin between revenue and delivery cost per kilogram, net loss for the first quarter of 2008 increased to $1,030,499 from $445,418 reported for the first quarter of 2007. The net loss increase was in part due to non-recurring and non-cash expenses.

The Company has exclusive agreements in place with over 20 major private postal services in 20 different countries throughout the LAC region for the delivery of commercial mail, periodicals and parcel post. “Our investment in 2007 has provided a solid groundwork for a strong 2008.” Mr. Hernandez commented.

SkyPostal anticipates continued growth in the coming year, expecting to increase its market share of the non-time critical segment. The UPU estimates that the potential LAC market, on a regional basis, currently exceeds $1 billion. . In 2004, LAC population exceeded 530 million, and received an estimated 11 billion items of mail.

Mr. Hernandez adds, "We are continuing to execute and improve upon our business model, and we believe that the Company will continue to aggressively grow its revenue and efficiencies in 2008. Our management team has done an extraordinary job positioning the Company to continue increasing its penetration in the industry. Simultaneously, they have created a powerful entrepreneurial spirit to enable the Company to generate strong revenue and net income growth while providing the best service possible.”

About SkyPostal, Inc.

SkyPostal, Inc., based in Miami, Florida, is an international mail distribution company that specializes in offering hand delivery of commercial mail, periodicals and parcel post into the LAC region. SkyPostal is one of the largest private mail networks in Latin America handling mail from European postal administrations, major publishers, mail consolidators international mailers and financial institutions that require time-defined and reliable delivery of their mail, magazines and mail order parcels.

Forward-Looking Statement:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the Company and its business could cause the Company's actual results to differ materially from those indicated in any forward-looking statements.

Contact:

SkyPostal, Inc.

Investor Relations, 305-599-1812

investorrelations@skypostal.com