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Skins Inc. to Partner with First Capital Tuesday November 7, 10:03 am ET --Factoring Partner to Accelerate Skins Aggressive Marketing Efforts--
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- Skins Inc. (OTC Bulletin Board: SKNN - News), a developer of patent-pending revolutionary footwear, announced today that it has partnered with First Capital, a world class factoring and asset-based lending provider, to manage Skins' accounts receivable and inventory cash flows. First Capital has agreed to purchase up to 85% of all Skins' accounts receivable and to finance up to 50% of all Skins' inventory. The signed agreement will be effective on January 1, 2007. The new source of funds will enable Skins to continue its aggressive production and marketing efforts toward the upcoming commercial launch of its footwear.
Mark Klein, president and CEO of Skins, Inc. said, "First Capital is a valuable partner. It has both the professional staff and the financial strength to serve the financial needs of Skins."
About Skins Inc.
Skins Inc. created and is continuing to develop an innovative two-part, interchangeable footwear structure consisting of outer collapsible "Skins" and an inner orthopedic holistic support section called the "Bone." The design allows consumers to purchase one inner section, the Bone, and numerous outer Skins, resulting in multiple style variations from the same pair of quality Bones, always with the same feel and fit no matter which Skin is being worn. Skins' objective is to create a new attire concept that allows and encourages consumers to frequently change their footwear, which would uniquely position the Skins concept between footwear and apparel. For more information, visit http://www.skinsfootwear.com.
About First Capital
First Capital has been providing prompt, professional and reliable financing solutions since 1987. First Capital is focused on three distinct commercial products for clients with financing needs from $35,000 to $250 million: Traditional Factoring, Asset-Based Lending and Discount Factoring. Each of these products is tailored to meet the financing and service needs of its clients. First Capital is staffed with over 150 experienced and dedicated employees across the country. The company's competitive advantage is based on responsiveness and service to its clients when they need it most. For more information, visit http://www.firstcapital.com.
Statements in this news release that are not historical facts are forward- looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes," and words of similar import also identify forward- looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties beyond the reasonable control of the Company. These risks and uncertainties include, without limitation, those detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission, and include, among others, its limited operating history; lack of profits from operations; uncertain ability to raise additional funds on acceptable terms or at all; ability to successfully design, manufacture and commercialize its proposed product; its reliance on one unproven and undeveloped product type; rapidly changing consumer demands for footwear products; unestablished brands; degree and nature of its competition; ability to employ and retain qualified employees; and limited trading market for its common stock.
CONTACT: Skins Inc. Ryan Mulhern, Investor Relations (866) 633-1060, Toll-free ryan*skinsfootwear.com
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Skins Footwear to Launch in 50 Select Retail Stores Nationwide Wednesday December 13, 8:00 am ET - Spring Collection Available in Early 2007 -
NEW YORK, Dec. 13 /PRNewswire-FirstCall/ -- Skins Inc. (OTC Bulletin Board: SKNN - News), a developer of a revolutionary, patented, two-part interchangeable footwear structure, announced today that over 30 high-end retailers, representing 50 stores nationwide, will begin selling the Company's revolutionary footwear line in early 2007. The Company's "Skins and Bones" will be sold in a multitude of high-end retailers including Littles of Pittsburgh; Footwear Etc.; World Class Footwear; Abbadabbas; J Stephens Footwear and Sportie LA.
Leading retailers across the United States had the following to say:
"Skins is the most innovative, revolutionary concept I have seen since I have been in the shoe business." -- Joel Sigal, President Littles of Pittsburgh
"Gilbert and I are excited about Skins' brand new approach to footwear. It is revolutionary, yet practical. The consumer is looking for new and functional shoes. We believe very strongly in the concept and are willing to place a very substantial order to back it up." -- Elie Monarch, President Footwear Etc., Sunnyvale CA
"It's a one of a kind practical idea with functionality and engineering, the shoes have body and sole." -- Barry Hanna, President, World Class Footwear, Miami FL
"Skins is one of the most exciting and innovative concepts I have seen in the footwear industry. Nothing like it exists and the immense amount of time obviously spent in formulation and execution of product will assure the success of the line. Applause to all involved!!" -- Janice Abnernathy, President of Abbadabbas and CoolShoes.com, Atlanta GA
"Skins is the most unique footwear concept in years. They have combined fashion forward design with advanced comfort systems and delivered both on a remarkably innovative chassis. We have the points and features we need to engage our consumer in a meaningful dialogue. This helps separate our stores from the competition." -- Gary Hauss, President, Group Nine Associate d.b.a. J Stephens Footwear, West Hills CA
"Finally, a footwear brand that will stir up the industry not only by its sheer innovation, but by the critical understanding of what it is needed to elevate the game. Skins will be a serious player in this industry." -- Isack Fadlon -- President and Owner of Sportie LA
Mark Klein, President and CEO of Skins Inc., said, "From day one, our strategy was to launch our Spring Collection using a select group of high-end retailers in the U.S. We have achieved this goal. These retailers represent the cutting-edge of the footwear industry, and are adept at keeping a finger on the pulse of the latest in consumer fashion. Our next step will be to grow exponentially by targeting select department stores and retail chains in the Fall of 2007, with an eye on international distribution thereafter."
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Frank Zambrelli Appointed to Skins Board of Directors Wednesday January 10, 10:00 am ET
NEW YORK, Jan. 10 /PRNewswire-FirstCall/ -- Skins Inc. (OTC Bulletin Board: SKNN - News), a developer of a revolutionary, patented, two-part interchangeable footwear structure, announced today that Frank Zambrelli has been appointed to serve on the Company's Board of Directors. Based in Manhattan, Mr. Zambrelli is a founder of Banfi Zambrelli, a leading fashion footwear design firm. As a Skins strategic business partner, Banfi Zambrelli has helped lead the direction of the Skins brand and will coordinate production design and oversee production and manufacturing of Skins footwear in Italy.
"We are pleased to announce that Frank Zambrelli has been appointed to serve as a director. This appointment dovetails nicely with the retention of Banfi Zambrelli services, and is a strong vote of confidence from such a world-renowned footwear designer. We are particularly excited to have Frank oversee the design and production of our cutting edge footwear," said Michael J. Rosenthal, Chairman of the Board of Skins Inc.
Before founding Banfi Zambrelli in 2003 along with Silvano Banfi, Mr. Zambrelli has worked with a renowned group of clients including, Chanel, Cole- Haan and Coach. Currently, Mr. Zambrelli leads the creative direction for Calvin Klein and Judith Leiber as well as sitting on the Board of the prominent, New York based Fashion Institute of Technology.
Mark Klein, President and CEO of Skins Inc., added, "Frank has been instrumental in the development of our unique and exciting footwear designs, and we are thrilled to have him join our board. We look forward to having him serve the company and our shareholders."
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