Skins Inc. to Partner with First Capital

--Factoring Partner to Accelerate Skins Aggressive Marketing Efforts-- 


NEW YORK, Nov. 7  /PRNewswire-FirstCall/ -- Skins Inc. (OTC:SKNN) (BULLETIN BOARD: SKNN) , a developer of patent-pending revolutionary footwear, announced today that it has partnered with First Capital, a world class factoring and asset-based lending provider, to manage Skins' accounts receivable and inventory cash flows. First Capital has agreed to purchase up to 85% of all Skins' accounts receivable and to finance up to 50% of all Skins' inventory.  The signed agreement will be effective on January 1, 2007. The new source of funds will enable Skins to continue its aggressive production and marketing efforts toward the upcoming commercial launch of its footwear.

Mark Klein, president and CEO of Skins, Inc. said, "First Capital is a valuable partner. It has both the professional staff and the financial strength to serve the financial needs of Skins."

About Skins Inc.

Skins Inc. created and is continuing to develop an innovative two-part, interchangeable footwear structure consisting of outer collapsible "Skins" and an inner orthopedic holistic 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. For more information, visit http://www.skinsfootwear.com/.

About First Capital

First Capital has been providing prompt, professional and reliable financing solutions since 1987. First Capital is focused on three distinct commercial products for clients with financing needs from $35,000 to $250 million: Traditional Factoring, Asset-Based Lending and Discount Factoring. Each of these products is tailored to meet the financing and service needs of its clients. First Capital is staffed with over 150 experienced and dedicated employees across the country. The company's competitive advantage is based on responsiveness and service to its clients when they need it most. For more information, visit http://www.firstcapital.com/.

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.

  CONTACT:
  Skins Inc.
  Ryan Mulhern, Investor Relations
  [phone], Toll-free
  

DATASOURCE: Skins Inc.



CONTACT: Ryan Mulhern, Investor Relations of Skins Inc., [phone],





Web site:  http://www.skinsfootwear.com/

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