SkinzWraps Issues Q3 News Update
October 03 2012 - 2:08PM
Marketwired
SkinzWraps, Inc. (PINKSHEETS: SKZW), a founding father and
recognized vanguard of the vehicle wrap industry, issues its Q3
News Update:
Under the direction of the CEO, a program is underway to retire
to the company's treasury: up to 10 million shares of SkinzWraps
stock. SkinzWraps is confident that this program will be 100%
completed before middle of Q4.
SkinzWraps has been closely studying the massive,
self-inflicted, software-driven trading losses of Knight Capital
(TWAP algorithm/$440 million/August 1st/Facebook), Knight's
subsequent life-line restructuring was followed by heavy regulatory
scrutiny. SkinzWraps concludes that this entire chain of events may
be very positive for SkinzWraps, its shareholders, and other pink
sheet companies who have, for years, seen Knight Capital use their
signature algorithm-based rapid-fire type software to control both
sides of the trade.
SkinzWraps will begin in Q4 to upgrade its status with the OTC
Markets Group. The upgrade process may carry into Q1 2013. Its
decision to begin this process is a combination of several factors,
including the credentials of its new CFO and Controller, mixed with
chain of events that bested Knight Capital.
SkinzWraps confirms that it has launched an Ad Agency division.
This new division will have a multifaceted role, including:
leveraging the extensive resources of SkinzWraps (many of which
until now have operated behind the scenes); fostering an expanded
relationship with existing SkinzWraps customers that are seeing
tremendous growth as a result of the vehicle wrap programs created
by SkinzWraps; collaborating as peers with top agencies in the
United States as a sole source of bidding on large nationwide
projects for Fortune 1000, 500 & 100 brands; rolling out
cutting edge marketing/branding solution that has not yet been seen
by the Ad Agency community because they represent a fusion of
exclusive SkinzWraps experiences; and lastly, the Ad Agency will
always dedicate a % of its time and resources to grassroot
non-profits in the hopes that it can help to "democratize"
awareness campaigns currently dominated by large well known
non-profits.
SkinzWraps confirms that it is opting out of attending SEMA 2012
so that it focuses its efforts and resources towards supporting its
30+ clients' participation in the inaugural Circuit of The Americas
races in early November 2012. The 2012 race season marks the 3rd
consecutive year that SkinzWraps has been the official graphics
provider for the Ferrari Challenge. The reputation of SkinzWraps
within Ferrari Challenge is known for award-winning design, clutch
deliveries on hard deadlines, best-in-class workmanship, and a
hands-on management approach that has allowed SkinzWraps to broaden
its offerings within the Ferrari world to include the Ferrari 458
GT3 race program and the Ferrari Club of America's 50th Anniversary
Celebration. It has also allowed SkinzWraps to work an elite
Porsche team (racing in IMSA GT3 Cup), and an elite Le Mans
Prototype team. This collective body of work in 2012 should allow
for continued broadening of our place in the elite racing market
for 2013.
SkinzWraps confirms that it has finalized a refined and focused
strategy for working within the fast pace reality television
industry and the evolving food truck trend. At present, SkinzWraps
will not detail this strategy, but based on the work acquired thus
far, SkinzWraps is confident in its approach.
SkinzWraps announces that it has developed a national "Limited
Edition" wrap campaign for the Fiat 500, and has successfully been
market testing the program. The program includes award winning,
demographic specific designs that are offered on a limited basis
every six months through the dealerships. The wraps are
specifically priced to be "wrapped into the finance." Test
marketing of these Limited Edition wraps will accelerate in Q4 with
the intent of a full rollout in both the US and Europe in Q1 of
2013.
SkinzWraps confirms that FastSkinz Films has been awarded its
second patent.
SkinzWraps confirms that it expanded its land speed test rider
base from two riders to four riders and each of the four riders
broke a land speed record in their respective classes by
significant margin at the famed Bonneville Salt Flats. One rider,
Al Lamb, broke the record by such a significant margin that once
validated, will be pursued for Guinness World Records status. All
four riders are expert-level experienced land speed riders with
many years of riding on the Bonneville Salt Flats, at extremely
high speeds. Each rider is on record for stating that the FastSkinz
film greatly assisted them in their record runs. These statements
help confirm the most recent wind tunnel data analyzed on one of
the four riders in the summer of 2012.
SkinzWraps confirms that it has developed and tested a "kitting
process" for its FastSkinz Films. This kitting process is essential
to the scaling FastSkinz Films. This kitting process includes
detailed vehicle review by FastSkinz' aerodynamics expert (formerly
of NASA), a DIY install option (with in-house training for large
orders), and use of custom cutting tools.
SkinzWraps confirms that it has put into motion a European
rollout for FastSkinz. This rollout is premised by the fact that
fuel prices in Europe are significantly higher than in the US. The
rollout is designed to utilize the free flow travel feature of the
European Union, while not being directly affected by the EU nor
delayed by the current Eurozone crisis. This European rollout of
FastSkinz is not being staged in Italy; however, SkinzWraps Italia
will play an important role on the implementation side and has
already helped to lay important groundwork. The rollout is expected
to go through Q4 and will be required to meet certain milestones
before it is fully green-lighted.
SkinzWraps confirms that it has received steady interest from
third parties in the MENA region to open up a location in the
Middle East. The CEO of SkinzWraps has thoroughly studied the
market/market culture/market potential and defined a framework and
optimal location within the Middle East by which the company could
move forward in that market. That framework is currently being
presented to the interested parties in the MENA region and meets
the necessary criteria. Through this process, should an opportunity
come to fruition, a detailed analysis of current regional and
worldly events and their potential impacts will be completed prior
to a final decision.
"As we can see there a multitude of positive and exciting
projects in play at SkinzWraps. It is important to note that each
individual project is the result of tremendous work, and effort by
the team at SkinzWraps. Additionally, it is important to understand
that embedded within every project is The SkinzWraps Standards for
Excellence (The Standard). Meeting The Standard ensures success by
any measure," says Peter C. Salaverry, CEO of SkinzWraps. He adds,
"This format of quarterly news updated via a traditional medium
(e.g. press release) is a new approach for the company and will
likely continue because it allows us to properly balance the
development and delivery of new worthy projects with tell of such
events. That said, we will continue to give real-time updates using
the best social media tools available so make sure to follow us on
Twitter and Facebook and our Car Candy™ blog, links to which can be
found on our site www.skinzwraps.com."
About SkinzWraps, Inc.:
As the premier innovator of the vehicle wrap industry,
SkinzWraps, Inc. has spent a decade perfecting the craft of being a
full service vehicle wrap company. This dedication to superior
craftsmanship allows SkinzWraps to excel in every aspect of the
vehicle wrap. SkinzWraps has wrapped over 7800 vehicles, using the
best products available to the industry including Avery Dennison's
1005 EZ Apply RS and the Epson GS6000 Printers.
Forward-Looking Statements Disclosure:
Forward-looking statements involve risks and uncertainties. This
press release may contain "forward-looking statements" within the
meaning of the federal securities laws, commonly identified by such
terms as "believes," "looking ahead," "anticipates," "estimates"
and other terms with similar meaning. Although the Company believes
that the assumptions upon which its forward-looking statements are
based are reasonable, it can give no assurance that these
assumptions will prove to be correct. Actual events could differ
materially and substantially from those projected herein and depend
on a number of factors.
Contact: Amy Hoagland SkinzWraps, Inc. pr@skinzwraps.com
214.741.4529
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