PostNet Goes to Panama

Panama City Location Jumpstarts Central America Expansion

Denver, CO, August 17, 2007 --( Since opening its first location in 1993, PostNet has been a one-stop shop for the small business owner. Fourteen years later, the Denver-based company is bringing their signature services to Panama – the first step in the brand’s expansion into Central America.

Pranas Lukauskis, CEO of Panaoutsource & Mail S.A., has acquired the master franchise for PostNet in Panama and will have a soft opening for PostNet Panama on September 20th with a grand opening tentatively scheduled for October 11th. Panaoutsource has done everything to customize their business for the Panamanian market: in addition to global shipping companies such as FedEx, DHL and UPS, Panaoutsource will also utilize the services of regional companies Copa Airlines Courier and Grupo Zoom. Once the Panama City business is running smoothly, Panaoutsource plans to open four additional locations across the country by 2010.

“Our presence in Central America begins in Panama but certainly won’t end there,” said Brian Spindel, PostNet’s co-founder and COO. “Over the next few years, we plan to expand into several other Central American countries including Guatemala, Belize, El Salvador and Honduras.”

PostNet offers a worldwide network of full-service, diversified business centers to serve the increasing business services needs of small, home-based and start-up entrepreneurial business ventures. Franchised PostNet locations offer digital copy and document services, printing and finishing services, computer/Internet services and more designed to provide one-stop service to the SOHO (small office/home office) market. PostNet’s goal is to have 1,500 global franchises within three to five years. Estimates call for 50 locations to be added in 2007.

Courtney Thomas