BOCA RATON, Fla., Oct. 5, 2011 (GLOBE NEWSWIRE) -- Littlebanc Advisors, LLC, Boca Raton, Fla., today announced the completion of a $1.73 million capital raise for Divine Skin, Inc. (OTCBB:DSKX), a high-growth company that develops, manufactures and distributes personal-care products that address hair loss, skin care and aging. The company is based in Miami Beach. The round was funded by both private and institutional investors. Littlebanc acted as the sole placement agent and financial advisor.
The $1.73 million capital raise will enable Divine Skin to continue to support its impressive growth and expand its growing base of large domestic and international distributors. Divine Skin's proven products and increasing brand recognition have led to high demand from online retailers, specialty salons and upscale department stores like Neiman Marcus and Bergdorf Goodman in the United States, Saks Fifth Avenue in Mexico, and Harvey Nichols in the United Kingdom.
"Divine Skin's high-quality and proprietary products have allowed the company to achieve significant revenue growth since inception. This round of financing will allow Divine Skin to continue acquiring market share. We are very pleased to be working with another high-growth Florida company."
-- Michael Margolies, CEO, Littlebanc Advisors, LLC
About Divine Skin
Divine Skin, Inc. (OTCBB:DSKX) develops, markets and distributes personal care products through a network of specialty and online retailers, wholesalers, salons and medical offices in more than 20 countries. Divine Skin's flagship brand, DS Laboratories, offers high-performance topical treatments for men and women to restore hair growth, suppress unwanted hair and reduce the appearance of wrinkles. Other brands include Sigma Skin, upscale men's products; Polaris Research, physicians' products; Pure Guild, an organic line; and NutraOrigin, a line of nutritional supplements.
"Littlebanc Advisors works with many of the most respected hedge funds and other financial institutions in business today — investors who expect exponential growth from the companies they fund. I take Littlebanc's involvement as a huge endorsement of what we are achieving at Divine Skin."
-- Daniel Khesin, CEO, Divine Skin, Inc.
For more information, please visit www.dslaboratories.com.
About Littlebanc Advisors, LLC
Littlebanc Advisors, a merchant and investment banking firm, specializes in funding high-quality small to mid-market growth companies. Littlebanc differentiates itself by focusing on unstructured deals sold to fundamental growth-stock investment funds. With its long-established Wall Street relationships, Littlebanc matches client companies with partner-minded investors. This fundamental focus fosters a stable and long-term shareholder base, minimizes capital dilution and enables Littlebanc to complete transactions quickly. For more information, please visit www.littlebanc.com.
Littlebanc Advisors LLC, securities offered through Wilmington Capital Securities LLC, Member FINRA/MSRB/SIPC.