SkyPostal Networks Announces 2009 First Quarter Financial Results

MIAMI--(Business Wire)--
SkyPostal Networks, Inc. (OTCBB: SKPN), the largest private postal network in
Latin America, today reported financial results for the first quarter ended
March 31, 2009.

First Quarter and Recent Company Highlights

* Reported first quarter revenue increase year-over-year to approximately $2.6
million and a net loss of $0.01 per basic and diluted share.
* Completed a strategic acquisition of LEL in February 2009 in Colombia to lower
costs and increase SkyPostal`s competitiveness in the Latin America market. LEL
is the largest private cross border mail service company in Colombia.
* Opened a mail processing hub in Bogota, Colombia to reduce air transport, mail
processing costs and improve mail delivery transit times to major countries in
South America from the U.S. by two days.
* Opened a hub in Los Angeles, CA in May 2009 to handle mail originating in the
western U.S. bound for Latin America.
* Entered into a co-marketing agreement for PuntoMio.com online shopping
facilitator with TAM Airlines, the largest domestic airline in Brazil.

"We are pleased with the progress we made on our business objectives in the
first quarter of 2009. In spite of the current economic downturn, we experienced
a 5% increase in revenues over the fourth quarter of 2008 and made solid strides
in executing on our business plan to position the Company for long-term growth
opportunities," said Albert Hernandez, SkyPostal President and CEO.

"We are starting to see nice gains in our postal injection business into Europe.
In addition, one of our key strategies is to take advantage of the many
opportunities for consolidation in the Latin America-Caribbean (LAC)
international postal market and we successfully executed on an important,
strategic acquisition during the first quarter by acquiring 70% of the common
stock of LEL. This acquisition will result in lower operating costs, shorten
delivery times to Latin America by approximately two days in comparison to our
competitors, and consolidate greater tonnage with Avianca Airlines through the
newly established mail processing hub at El Dorado Airport in Bogota, Colombia,
which will result in better line haul rates, lower mail processing costs and
greatly improve our competitiveness.

"We expect that overall tonnage will modestly increase in 2009 over 2008 levels
due to our expanded hub network, including our recently opened hub in Los
Angeles, and the better delivery times to Latin America that we will see from
the opening of the mail processing hub in Bogota. For the remainder of 2009, we
will continue to pursue strategic acquisitions. Lastly, we remain excited about
the prospects for PuntoMio.com, our online Internet shopping facilitator. In the
first quarter, we executed on a co-marketing agreement for PuntoMio.com with TAM
Airlines, the largest domestic airline in Brazil, which opens us up to over 50%
of the air travel market in the country," Mr. Hernandez concluded.

First Quarter 2009 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 March 31, 2009 increased to $2.6 million,
compared with $2.4 million for the three months ended March 31, 2008. The
year-over-year increase in revenues was largely due to an increase in revenue
per kilogram, which helped offset a small decline in tonnage in the comparable
period. Revenue per kilogram increased year-over year due to a larger percentage
of revenue from the postal injection business in Europe. In addition, tonnage
for the first quarter of 2009 was slightly higher than fourth quarter 2008,
despite the softness in the U.S. market due to current economic conditions.

Total operating expenses for the first quarter of 2009 were $3.30 million,
compared with $3.31 million in the first quarter of 2008. Cost of delivery
increased on a per kilogram basis by 16.3% in the first quarter of 2009 compared
with the prior year, which is largely due to the increased percentage of
business from Europe. General administrative expenses increased in the quarter
due to an increase in sales and marketing activity, rental expenses for the
facility in Newark, NJ and increased costs associated with operating as a public
company. Salary and benefit expense was reduced significantly in the first
quarter of 2009 and was approximately 26% lower compared with the fourth quarter
of 2008. The Company recorded a gain of $316,800 with respect to the Redemption
Agreement liability in the quarter ended March 31, 2009.

For the first quarter of 2009, net loss totaled $491,255, or $0.01 per basic and
diluted share based on 65.1 million weighted average shares outstanding. This
compares with a net loss for the first quarter of 2008 of approximately $1.0
million, or $0.03 per basic and diluted share based on 31.5 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

The Company raised approximately $1 million in equity capital in the first
quarter of 2009 to fund our expansion initiatives and will be seeking additional
funding to support our acquisition strategy going forward. SkyPostal has
arranged a line of credit of $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.

About PuntoMio (www.puntomio.com)

PuntoMio is an online shopping portal that facilitates the experience of the
online international shopper and U.S.-based Internet merchants, from the time of
purchase through cross-border delivery. PuntoMio is designed to be the only web
address international shoppers need to be able to realize all of their online
purchases from the United States. PuntoMio provides its partners and potential
e-tailers everything they need to successfully launch an international shopping
service, including consistent promotional offers to existing customers to
promote year-round shopping and product expansion.

PuntoMio`s offering includes product pricing comparison, secure online
purchasing and delivery capabilities, cost estimator and merchandise return
capability. Additionally, PuntoMio addresses many of the challenges of online
cross-border shopping -- lack of familiarity with the U.S. purchase process,
expensive express-courier delivery services, U.S. merchants that do not accept
foreign credit cards, absence of an international return process, unexpected and
high fees associated with customs clearance and duties, and poor parcel post
service provided by the national postal service in their local country. For more
information visit www.puntomio.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.

--Tables Follow --

SKYPOSTAL NETWORKS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three Months Ended March 31
2009 2008
NET REVENUES $ 2,575,349 $ 2,440,801

OPERATING EXPENSES
Cost of Delivery 2,120,998 1,854,462
General and Administrative 1,064,080 801,890
Stock Based Compensation 106,126 608,639
Factoring Fees - 45,058
TOTAL OPERATING EXPENSES 3,291,204 3,310,049

OPERATING LOSS (715,855 ) (869,248 )

OTHER EXPENSES/(INCOME)
Interest - 164,212
Reversal of excess of value of put options over the estimated fair value of shares (316,800 ) -
Other 80,334 (2,961 )
TOTAL OTHER EXPENSES/(INCOME) (236,466 ) 161,251
Loss including noncontrolling interest (479,389 ) (1,030,499 )
Less: Income attributable to the noncontrolling interest 11,866 -
NET LOSS $ (491,255 ) $ (1,030,499 )

WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic 65,073,752 31,527,494
Effect of dilutive shares - -
Diluted 65,073,752 31,527,494

NET INCOME/(LOSS) PER SHARE:
Basic $ (0.01 ) $ (0.03 )
Diluted $ (0.01 ) $ (0.03 )

SKYPOSTAL NETWORKS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

ASSETS March 31, 2009 December 31, 2008
CURRENT ASSETS
Cash $ 257,871 $ 309,455
Accounts receivable, net 1,594,479 1,498,995
Prepaid expenses and other 119,341 177,968
TOTAL CURRENT ASSETS 1,971,691 1,986,418

DUE FROM STOCKHOLDER 82,315 69,569
PROPERTY AND EQUIPMENT, net 339,912 329,788
INTANGIBLES AND OTHER ASSETS 1,218,711 1,295,286
TOTAL ASSETS 3,612,629 3,681,061

LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities 1,753,315 2,125,108
Current portion of amount due on non-compete agreement 311,473 280,000
Customer deposits 3,139 -
Current portion of due to stockholders - 7,200
Current portion of put option payable 320,000 320,000
TOTAL CURRENT LIABILITIES 2,387,927 2,732,308
NON-COMPETE AGREEMENTS, less current portion 325,000 318,500
EXCESS OF VALUE OF PUT OPTIONS OVER THE ESTIMATED FAIR VALUE OF SHARES, less current portion 1,580,800 1,897,600
TOTAL LIABILITIES 4,293,727 4,948,408

COMMITMENTS AND CONTINGENCIES

EQUITY
Common stock par value $.001 67,828 56,735
Additional paid-in capital 20,077,894 19,031,418
Accumulated deficit (20,526,755 ) (20,035,500 )
Treasury Stock (320,000 ) (320,000 )
Noncontrolling interest 19,935 -
TOTAL EQUITY (681,098 ) (1,267,347 )
TOTAL LIABILITIES AND EQUITY $ 3,612,629 $ 3,681,061

Financial Profiles, Inc.
Jonathan Destler, 310-277-4711
jdestler@finprofiles.com

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