This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Divine Skin (DSKX) Secures $1.73M In New Equity Growth Capital To Fund Its Rapidly Growing Biotech Product Line

MIAMI BEACH, Fla., Oct. 5, 2011 /PRNewswire/ -- Divine Skin, Inc. (OTC Bulletin Board: DSKX) announced the completion of a $1.73 million equity capital raise. Littlebanc Advisors, LLC, acted as the sole placement agent and financial advisor for Divine Skin. The deal was funded by both private and institutional investors. The growing biotech developer will deploy the new capital to fill orders for its expanding pipeline of distributors in Europe, Mexico, and Japan, as well as in the United States.

"We chose Littlebanc because of its successful track record of providing unstructured equity growth capital to early-stage companies," said Daniel Khesin, CEO of Divine Skin. "We view Littlebanc's involvement as an endorsement of what we are achieving."

"Divine Skin's high-quality and proprietary products have allowed the company to achieve impressive revenue growth since inception," said Michael Margolies, CEO of Littlebanc Advisors. "This round of financing will allow Divine Skin to continue acquiring market share with their innovative products. We are very pleased to be working with another high-growth Florida company."

Divine Skin's recent achievements include:

  • A record-setting $2.3 million in quarterly revenue for Q2 2011.
  • The release of the world's first topical hair-growth treatment based on the breakthrough peptide astressin-B.  
  • The introduction of the new compound Nanoxidil, designed to surpass minoxidil for efficacy and tolerability, which will facilitate new international distribution agreements.

About Divine Skin

Divine Skin Inc. leads in the development of biotechnology for topical, nutritional, and pharmaceutical therapies. It markets worldwide through online and specialty retailers, cosmetics wholesalers, salons, and medical offices. The fast-growing company went public in 2009 ( www.dskx.biz).

DS Laboratories, its flagship brand, offers high-performance topical solutions to restore growth and radiance to hair, suppress dandruff and unwanted hair, control acne, improve hygiene, and reduce cellulite and wrinkles. Bioavailability is enhanced through encapsulation ( www.dslaboratories.com).

The Sigma Skin brand sells through upscale retailers like Neiman Marcus in the United States and Harvey Nichols in the United Kingdom. The topical products address hair loss and other signs of aging ( www.sigmaskin.com).

Polaris Research Laboratories makes high-potency minoxidil-based hair-growth formulas ( www.polarisresearchlabs.com).

The Pure Guild offers purity with performance: Botanical compounds proven effective in clinical trials are extracted without industrial solvents or damaging heat and are sold through premium retailers ( www.thepureguild.com).

NutraOrigin blends nutritional supplements that address the health concerns expressed by consumers, including fatigue, headache, obesity, mobility, menopause, erectile dysfunction, and others. In clinical trials for the US government, its Omega line proved to enhance mental function ( www.nutraorigin.com).

About Littlebanc Advisors

Littlebanc Advisors, a merchant and investment banking firm based in Boca Raton, Florida, specializes in funding high-quality small to mid-market growth companies. Littlebanc focuses on unstructured deals sold to fundamental growth-stock investment funds. With long-established Wall Street relationships, Littlebanc matches client companies with partner-minded investors. For more information, please visit www.littlebanc.com.

Contact: Abner SilvaInvestor Relations Divine Skin Inc.1.407.342.4112 investors@divineskin.com

SOURCE Divine Skin, Inc.

Stock quotes in this article: DSKX 
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs