MOSCOW and MIAMI, April 28, 2011 (GLOBE NEWSWIRE) -- SkyShop Logistics, Inc. (OTCBB:SKPN), the largest private postal network in Latin America, today announced that it has entered into a co-marketing agreement for its online shopping facilitator under the GlobalShop brand, with the Joint Stock Company Russian Standard Bank. Russian Standard Bank is one of the leading consumer lenders in Russia and one of the country's most profitable privately held banks, offering world-class products and services to a broad range of customer audiences.
Under the agreement, GlobalShop (www.GlobalShop.net) provides Russian Standard Bank customers with the easiest and most secure way to shop from the U.S., by merging the convenience of comparison shopping through a searchable online shopping portal with a virtual U.S. address which they use to receive their online purchases. GlobalShop will allow Russian Standard Bank customers the opportunity to shop at more than 1.7 million leading American retail stores, catalogs and websites from the comfort of their own home. GlobalShop bridges the gap between the online international shopper and U.S.-based Internet merchants from the time of purchase through final international delivery to the customer's home or office.
GlobalShop offers the best selection and prices online, up-to-the-minute sales and promotions in the U.S., low shipping rates to Russia, guaranteed package delivery and full support for Russian Standard Bank customers. As part of the service, GlobalShop will provide customers with a Personal Shopper facility, locating products and stores, as well as tailored advice. GlobalShop resolves other typical cross-border challenges such as knowing the total cost of a product including Customs' charges and makes returning purchases trouble-free.
GlobalShop will offer the services to all Russian Standard Bank customers, a SkyShop Logistics owned, custom website with GlobalShop branding, for shopping, using their Amex credit cards to make purchases on the website.
A.J. Hernandez, SkyShop's COO, commented, "Russian shoppers want to shop in the USA without leaving home. SkyShop will be the first to offer this facility in Russia. We are looking forward to working with Russian Standard Bank to launch GlobalShop in this very large and growing cross border shopping market."
Selim Ergoz, Executive Director of Credit Cards Business, Russian Standard Bank, said, "GlobalShop provides our loyal customers a tremendous tool that allows them to experience shopping without borders."
About Russian Standard Bank
Joint Stock Company Russian Standard Bank was founded in 1999. Currently, Russian Standard Bank holds one of the leading positions in consumer lending and bank cards market with over 200 branches in 72 cities. Within ten years, the Bank has established new standards of consumption in the country. Russian Standard Bank's customers for consumer lending program count more than 23 million people and the volume of loans exceeds 30 billion U.S. dollars. Over the past four years, Russian Standard Bank has issued over 29 million bank cards. In addition to credit and savings products, Russian Standard Bank relies on the development of the payment products and services, namely: a set of services in respect of maintaining current accounts, payments and transfers and remote service channels. Russian Standard Bank pays special attention to innovative and technologically advanced services such as Internet Banking and Mobile Banking. Since 2005, Russian Standard Bank has the exclusive rights to issue and acquire American Express cards in Russia. For more information about Russian Standard Bank, please visit www.rsb.ru.
About SkyShop Logistics, Inc.
SkyShop Logistics is a shopping facilitator for international online buyers that enhances the shopping experience from the time of purchase through cross-border delivery. SkyShop 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. GlobalShop's offering includes product pricing comparison, secure online purchasing and overseas shipping, a landed cost calculator and merchandise return capability. Additionally, GlobalShop addresses many of the challenges of online cross-border shopping -- lack of familiarity with U.S. clothing sizes, expensive express-courier delivery services, U.S. merchants that do not accept foreign credit cards, lack of an integrated package return system, unexpected and high fees associated with customs duties and taxes, and poor parcel post service provided by the national postal service in their local country. For more information, visit www.skyshoplogistics.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.
CONTACT: Mary Rodriguez 305-599-1812Source: SkyShop Logistics
Released April 28, 2011