Cyber Kiosk Solutions, Inc. to acquire 25% of XSKN, Inc.
Net Sales of XSKN are projected to be $80 million for 2013 for North America
CORAL SPRINGS, Fla., Feb. 27, 2013 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (PinkSheets: CYBK) is pleased to announce it has reached terms to acquire 25% of XSKN, Inc. (www.xskn.com) a Delaware company in the business of manufacturing silicone products for iPhones, iPads, iPods, and computer keyboards.
XSKN is a computer, mobile phone and mobile media player accessories enterprise that has sold more than 3 million iPhone, iPod, and keyboard shortcut skins to date. XSKN, using a premium quality Japanese silicone skin, has become a leading provider for skins to both Apple and Samsung customers.
XSKN, with its partner Cyber Kiosk Solutions, Inc. expects to transition distribution to North America and establish XSKN as the leading provider for computer, mobile phone, and mobile media player accessories. XSKN plans on obtaining official licensing for college and major league sports to further brand their products and increase sales.
Cyber Kiosk Solutions through its partnership with Preway™ and its 20,000 plus retail distribution outlets will assist XSKN in becoming the leader in its market within North America.
Cyber Kiosk Solutions has a fully executed agreement with XSKN outlining the terms of the transaction. The Company has completed its due diligence and its counsel is working on the final documents to be completed within the next 30 days.
About Cyber Kiosk Solutions, Inc.
Cyber Kiosk Solutions, Inc. distributes Company owned kiosk machines and tablets under the brand name Cyber-Thingy™ to earn residual revenues and/or sell kiosk machines to earn up-front and residual revenues. Cyber-Thingy™ is divided into two divisions, Domestic and International. Cyber-Thingy's™ Domestic division distributes Company owned kiosk machines and tablets to earn residual revenues and/or sell kiosk machines to earn up-front and residual revenues. Cyber-Thingy's™ multiple revenue streams are derived transaction and fee based programs running within the kiosks such as; Digital Advertising, Mobile Phone Top-up Minutes (reload), Online Bill Pay, Money Transfers, International Calling Cards, Events-Sports-Movie Tickets, Gift Card Programs, Prepaid Cards, Prepaid Cell Phone Service and New Products Advertising Wraps. ALL services come with an immediate purchase option. Each Kiosk machine comes with a cash bill acceptor and a credit card reader for ease of payment. Tablets are connected to existing POS systems. These multi-functional kiosks and tablets not only earn Cyber-Thingy™ residual revenues but create residual revenue opportunities for the multiple companies involved. Cyber-Thingy™ International division distributes sports book, gaming and lottery software to the international markets as well as its multi-functional kiosks and tablets.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE Cyber Kiosk Solutions, Inc.
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