Divine Skin to sell units of shares, warrants through public offering

Funds slated for expansion, increased sales force, marketing, research

By Devika Patel

Knoxville, Tenn., Aug. 27 - Divine Skin, Inc. plans to sell units of common shares and warrants in a public sale, according to a Form S-1 filed Monday with the Securities and Exchange Commission.

Maxim Group, LLC is the agent for the best-efforts sale.

Proceeds will be used for expansion into international markets, increased sales force, marketing, research and development and general working capital.

Divine Skin did not specify a size for the sale but the registration covers up to $10 million of securities.

The company's stock is listed on the OTC Bulletin Board under the symbol "DSKX". It closed at $0.36 on Friday. Divine Skin's market capitalization is $38 million.

The biotech developer is based in Miami Beach, Fla.

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