NEW YORK, April 18, 2006 (PRIMEZONE) -- Skins Inc. (OTCBB:SKNN) (formerly Logicom Inc. (OTCBB:LGIM)) is pleased to announce today that it has changed its corporate name from "Logicom Inc." to "Skins Inc." by the filing of Articles of Merger with the Secretary of State of the State of Nevada. In addition, Skins Inc.'s Over The Counter Bulletin Board (OTCBB) ticker symbol was changed from "LGIM.OB" to "SKNN.OB" effective at the open of business on April 18, 2006.
Skins Inc. effected the name and ticker symbol change to reflect the nature of its new business operations following the completion of a share exchange transaction with the stockholders of Skin Shoes, Inc. Skin Shoes, Inc., which became a wholly-owned subsidiary of Skins Inc. through the share exchange, changed its corporate name from "Skin Shoes, Inc." to "Skins Footwear Inc." on April 12, 2006.
Holders of stock certificates bearing the name "Logicom Inc." may continue to hold them and will not be required to exchange them for new certificates or take any other action. The CUSIP number for the company's common stock has changed to 830701108.
About Skins Inc.
Skins Inc. (the "Company") has designed and is continuing to develop an innovative two-part, interchangeable footwear structure consisting of outer collapsible "Skins" and an inner orthopedic 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. The Company intends to initially design, manufacture and market high quality men's and women's footwear and is finalizing the first Skins collection with an anticipated Fall 2006 commercial launch.
Forward Looking Safe Harbor Statement:
This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties. Actual results may differ materially from those indicated by these forward-looking statements as a result of various factors including, but not limited to, risks related to: our ability to obtain additional funding to support our business activities; the early-stage market for Skins' products and services; an expected dramatic rise in expenses; rapid growth and change in our business; as well as those risks more fully discussed in the Company's reports filed from time to time with the Securities and Exchange Commission. You may read and copy any reports, statements or other information that we file at the SEC's public reference room at 100 F Street, N.E., Washington, D.C., 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. You also may obtain copies of this information by mail from the Public Reference Section of the SEC, 100 F Street, N.E., Washington, D.C., 20549 at prescribed rates. Our public filings with the SEC also are available from commercial document retrieval services and at the web site maintained by the SEC at http://www.sec.gov. In addition, any forward-looking statements represent our views only as of today and should not be relied upon as representing its views as of any subsequent date. We do not undertake any obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.