Divine Skin Inc. announced on Friday, May 21, 2010, that they opened their first day of trading up at $0.30. The newly public company evolved out of their flagship brand, DS Laboratories. Growing quickly without investment capital until 2009, DS Laboratories then conducted a private placement.
Founder and Chief Executive Officer, Mr. Daniel Khesin, said the Company’s rapid expansion came through “exhaustive research, out-of-the-box thinking, and entrepreneurial drive.”
Divine Skin Inc. develops and markets cosmeceuticals under a few brands. DS Laboratories (NYSE:DS) specializes in restoring growth and radiance to hair; suppressing dandruff and unwanted hair; balancing natural flora to enhance feminine hygiene; reducing the appearance of cellulite, wrinkles, and double chins; and also specializes in controlling acne. DS focuses on high-performance topical products to men and women.
The Company’s second brand, Sigma Skin, sells via upmarket retailers. These include Saks Fifth Avenue in Mexico, Bergdorf Goodman in the U. S., and Harvey Nichols in the UK. The Company gears Sigma Skin to men. The design of their products is to reverse hair loss and the signs of facial aging. Divine Skin Inc. says that they will launch a fourth major line this year.
Mr. Khesin’s own personal experience made him realize that no topical product contained any technology to control a receding hairline. The best-known ingredient, minoxidil, regrows hair on the vertex of the scalp. Several Divine Skin products contain both minoxidil for the vertex as well as additional compounds shown clinically to work at the hairline.
“Great products result when entrepreneurs with specific needs cannot find good solutions in a market, thus exposing new business opportunities,” said Mr. Khesin.
Divine Skin, Inc. engages in the development, marketing, and distribution of high performance products encompassing the personal care market. Divine Skin’s products sell in more than 20 countries. The Company distributes their DS Laboratories, Polaris, and Sigma branded products through a network of specialty retailers, online stores, spas/salons, medical professionals, and wholesalers.
For more information visit DS Laboratories, dslaboratories.com; Sigma Skin, sigmaskin.com; and Polaris Research, polarisresearch.co.uk
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