HENDERSON, NV, Jan. 29 /PRNewswire-FirstCall/ - SkyBridge Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com) announced today that its Shot-in-the-Gas www.shotinthegas.com division sent a shipment of their Shot in the Gas fuel additive to Bangladesh for a field testing.
Shot-in-the-Gas signed an exclusive MOU in Bangladesh to conduct a large field-test of the Shot in the Gas fuel additive. The company supplied a local transit system in Bangladesh to use the additive in transit buses for a period of one month, and transit's operators will monitor the overall transit's diesel consumption during this period, comparing it with the previous months. Shot-in-the-Gas expects the test results by the end of February 2010.
Mr. Barbee said, "This is a large scale test for us and we gladly share our product to see it in use on such a scale. Some of Asia's transit systems use outdated automobile technology and greatly contribute to the poor air quality and pollution in the cities. Our product can lower the emissions by 60% and increase gas mileage by over 15%, especially in diesel engines. We expect positive test results from this cooperation, and we also hope that this test will also open new business and cooperation opportunities for Shot in the Gas in South Asia.
We also intend to present these test results as a part of our marketing campaign that we launched to market our Shot in the Gas products. Our campaign starts on the East Coast and we plan to expand it over the US soon after."
In other company news and events, in accordance with Chinese customary business etiquette, ahead of any major or significant business event (merger Sanhe Tech); last night the company agents and representatives attended a ceremonial celebration with the provincial government of Jianxi in China. In attendance were Vice Mayor of Nanchang City, Vice minister of Foreign Affairs Jianxi Province Deputy Secretary Nanchang City. The event featured two Jianxi companies Sanhe Tech destined for SKGO and Jiang Xi Rongyu Pharmaceutical Group, Inc subsidiary of HIRU. Other business leaders found the event a great networking venue for the businesses of the Jianxi region.
To be included in SKGO's email database for press releases and industry updates, please subscribe at or opt in with your email address at this link 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.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, http://www.minamargroup.net (IR); For (M&A) and Corporate Matters, http://www.minamargroup.com
SOURCE SkyBridge Technology Group Inc.