Skybridge Technology Group (SKGO) General Corporate Update
Las Vegas, Nevada -- September 3, 2010 -- Sky Bridge Technology Group (SKGO) http://www.skybridgetechgroup.com and its management is using this opportunity to address its shareholders and followers on various corporate matters. The company operates a US based green energy company, Shot in the gas.com. Shot in the Gas has recently completed a series of filings on Pink Sheets, and provided its IR company with various updates of pending major agreement. These are on the cusp of completion and additional news releases with details will be made shortly. SKGO is providing this general updates to shareholders, to address the non-reporting issues of its China based subsidiary, Sanhe Tech (Sanhe) Recycling. Sanhe has decided not to report its revenues or activities back to the parent company SKGO. This non compliance stance of Sanhe management has caused stress on the values of SKGO share values. The dispute arises out of Sanhe's demands for dilution and the need to raise capital which SKGO management and board members refuse to do.
SKGO Management has sent its agents and legal advisors to China to address this matter, and will report back to its shareholders shortly. Ultimately SKGO reserves the right to rescind its merger with Sanhe and have the issued shares of Sanhe return back to treasury.
Regarding previous filings, Shot in the gas continues to thrive in the gas energy business, and will make a public announcement shortly on over 7,000 distributors and locations, where some of its products can be purchased by the general public. The company is hopeful that this major development and announcement will bring attention to its suppressed share price values, coupled with the resolution of shares with Sanhe will restore its share values to a respectable level and or at least back to its original or proper price point.
The company will update the public with all developments regarding these news.
About Mina Mar Group:
Mina Mar Group pioneered the "Go Public Free" program, the first firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations and maintenance investor awareness.
To be included in company's email database for press releases, "Friday Tips", industry updates, and company activity that may or may not be news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of SkyBridge Technology Group Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. SkyBridge Technology Group Inc. cautions you that any forward-looking information provided by or on behalf of SkyBridge Technology Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. SkyBridge Technology Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SkyBridge Technology Group Inc.'s control. In addition to those discussed in SkyBridge Technology Group Inc.'s press releases, public filings, and statements by SkyBridge Technology Group Inc.'s management, including, but not limited to, SkyBridge Technology Group Inc.'s estimate of the sufficiency of its existing capital resources, SkyBridge Technology Group Inc.'s ability to raise additional capital to fund future operations, SkyBridge Technology Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SkyBridge Technology Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SkyBridge Technology Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Source:
SkyBridge Technology Group Inc.
1-647-426-1640; www.minamargroup.net/helpdesk, corporate@skybridgetechgroup.com Investor Relations: SkyBridge Technology Group Inc.: Investor Relations Department Inquiry, www.minamargroup.net (IR), for (M&A) and Corporate Matters, www.minamargroup.com
SKGO Management has sent its agents and legal advisors to China to address this matter, and will report back to its shareholders shortly. Ultimately SKGO reserves the right to rescind its merger with Sanhe and have the issued shares of Sanhe return back to treasury.
Regarding previous filings, Shot in the gas continues to thrive in the gas energy business, and will make a public announcement shortly on over 7,000 distributors and locations, where some of its products can be purchased by the general public. The company is hopeful that this major development and announcement will bring attention to its suppressed share price values, coupled with the resolution of shares with Sanhe will restore its share values to a respectable level and or at least back to its original or proper price point.
The company will update the public with all developments regarding these news.
About Mina Mar Group:
Mina Mar Group pioneered the "Go Public Free" program, the first firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations and maintenance investor awareness.
To be included in company's email database for press releases, "Friday Tips", industry updates, and company activity that may or may not be news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of SkyBridge Technology Group Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. SkyBridge Technology Group Inc. cautions you that any forward-looking information provided by or on behalf of SkyBridge Technology Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. SkyBridge Technology Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SkyBridge Technology Group Inc.'s control. In addition to those discussed in SkyBridge Technology Group Inc.'s press releases, public filings, and statements by SkyBridge Technology Group Inc.'s management, including, but not limited to, SkyBridge Technology Group Inc.'s estimate of the sufficiency of its existing capital resources, SkyBridge Technology Group Inc.'s ability to raise additional capital to fund future operations, SkyBridge Technology Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SkyBridge Technology Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SkyBridge Technology Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Source:
SkyBridge Technology Group Inc.
1-647-426-1640; www.minamargroup.net/helpdesk, corporate@skybridgetechgroup.com Investor Relations: SkyBridge Technology Group Inc.: Investor Relations Department Inquiry, www.minamargroup.net (IR), for (M&A) and Corporate Matters, www.minamargroup.com
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