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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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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