NEW YORK, June 22, 2006 (PRIMEZONE) -- Skins Inc. ("Skins") (OTCBB:SKNN), an emerging footwear company, is pleased to announce that Jake Kamuonka has been appointed as Vice President of Finance and Operations. Mr. Kamuonka was previously a senior associate of Moody's Investors Service, a rating agency. From 2000 to 2002 he was an associate with Banc of America Securities, an investment banking firm. From 2003 to 2005 he served as a controller for Hotbar.com, Inc., an Internet company, and from 2003 to 2005 he was the CFO for Park Terrace Properties, a real estate firm. Mr. Kamuonka was an honors graduate from Baruch College, and received his MBA from New York University Stern School of Business.
"We are pleased that Jake is joining our senior management team. His entrepreneurial and financial background with world class, global companies will serve to strengthen our organization's capabilities," said Mark Klein, CEO and President. "His broad-based operational and financial experience will be especially advantageous as Skins prepares for the commercial launch of its product."
About Skins Inc.
Skins has created 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. Skins' objective is to create a new attire concept that allows and encourages consumers to frequently change their footwear, which would uniquely position the Skins concept between footwear and apparel.
Forward-Looking Statements
Statements in this news release that are not historical facts are forward- looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties beyond the reasonable control of the Company. These risks and uncertainties include, without limitation, those detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission, and include, among others, its limited operating history; lack of profits from operations; uncertain ability to raise additional funds on acceptable terms or at all; ability to successfully design, manufacture and commercialize its proposed product; its reliance on one unproven and undeveloped product type; rapidly changing consumer demands for footwear products; unestablished brands; degree and nature of its competition; ability to employ and retain qualified employees; and limited trading market for its common stock.