DGAP-News: SkyShop Announces Florida Sales Tax Free Zone for International Shoppers
ID: 399815
05.05.2011 13:30
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MIAMI, 2011-05-05 13:30 CEST (GLOBE NEWSWIRE) --
SkyShop Logistics, Inc. (OTCBB:SKPN), trading as PuntoMio and GlobalShop,
announces creation of a Florida Sales/Use Tax Free Zone for internet purchases
made on line by non US resident consumers and exported by SkyShop. The Florida
Department of Revenue has established a zero percent tax rate for purchases
shipped to SkyShop's Miami Airport parcel processing facility, thus creating a
Sales/Use Tax Free Zone. Consumers shopping through SkyShop's various portals
will not be required to pay the 7% Florida State and Miami Dade County
Sales/Use tax. Most of the nation's largest sales tax table providers to
internet merchants have implemented the Tax Free Zone change.
SkyShop Logistics offers international internet shoppers:
1. A US address for international clients to ship their online purchases from
US merchants
2. Online applications and solutions to facilitate shopping for clients
3. Economical shipping with total online tracking visibility
4. International credit card processing
5. Purchases not subject to 7% Florida Sales/Use Tax
For Online US merchants SkyShop provides the following benefits:
1. Ability to sell to foreign buyers without the inherent shipping and credit
card risks
2. Landed cost for client's on-line purchases (product cost, shipping, customs
duties/taxes)
3. Avoid customer product abandonment at destination resulting from unknown
duties/taxes
4. Reliable low cost international delivery with shipment tracking
5. New upscale international customers with high purchasing power
6. Sales tax savings pass along making the merchant's product less expensive
About SkyShop Logistics - USA Shopping Facilitator
SkyShop markets to non US residents under agreements with major world banks and
credit card companies among them American Express, HSBC, Citibank, Santander,
Itau in Brazil, Banamex in Mexico and Scotia Bank in Peru. These marketing
agreements offer the bank's credit/debit card members shopping portals, under
the bank's brand, that facilitate their purchases at US merchant sites.
SkyShop's services are marketed under the GlobalShop, PuntoMio and GlobeBox
brands in Latin America, Europe and Middle East. Clients use the SkyShop Tax
Free Zone Address as their US shipping address. Upon receipt at SkyShop's Miami
Airport hub, the goods are inspected, repacked and documented for shipping to
the buyer's home country. Upon arrival at destination, SkyShop arranges customs
clearance, pays applicable foreign duties and taxes and delivers to the
consumer's home. 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 materiallyfrom those indicated in any
forward-looking statements.
Mary Rodriguez
305-599-1812
News Source: NASDAQ OMX
05.05.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SkyShop Logistics
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US83086M1045
WKN:
End of Announcement DGAP News-Service
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News-ID 399815
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