HENDERSON, NV, Jan. 19 /PRNewswire-FirstCall/ - Skybridge Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com) announced today that its Shot-in-the-Gas www.shotinthegas.com division was forced to triple the production order from what was previously planned because of the traffic on the Shot-in-the-Gas Internet site since the news of the merger with (SKGO).
The company has secured a non secured bridge loan of about $50,000.00 ahead of certain pre arranged financing to accommodate the surge in orders. The bridge loan is being provided by a Canadian based private equity finance company. The share structure will remain undisturbed.
As planned, Shot in the Gas (SITG) will be launching its media blitz as soon as it enters into a joint venture scheduled to happen within the next two weeks with one of the world's best renowned marketing firms. The name of the marketing company will be released separately. Just to provide a backdrop, one of the principals is the owner and founder of The Ultimate E-Marketing Consortium and now the Ultimate Kuwaiti, Korean, Arab, India, Made in Italy Group, Made in Belgium, Made in Greece, Made in Turkey, etc. consortia that will be guiding this campaign for SKGO's Shot in the Gas.
"I am looking forward to be doing business again with my old business colleagues," said SITG head of marketing Mike Barbee. "I believe they have more mass marketing access than anyone in the world, and we can do great things for our consumer products. Using television and radio media we will educate the viewers and listeners about the improvement in Miles Per Gallon (MPG), financial savings, and benefits of our products as well as the benefits to help our environment," said Mr. Barbee.
SITG believes the global advertising will make the product recognizable, branded and therefore acceptable as the norm. This is very important, as when the product is gaining acceptance through the consumer market, SITG should receive many leads/inquires from large commercial accounts that are desperate for relief in their fuel costs.
Shot in the Gas (SITG) (http://www.shotinthegas.com) sells a fuel additive for gasoline that cuts the high cost of fuel and provides cleaner combustion. Its products are tested, environmentally friendly and EPA registered. They will not harm engines, catalytic converters or oxygen sensors and will not void vehicle warranties.
In other company updates, The China merger is on target. The principals of Sanhe Tech in a traditional Chinese way are scheduling a major press release for the China market and announcement will coincide with the filing of the adequate disclosure documents on Pink Sheets. A source close to the company said "This is a well run well organized company. They want to do things right and on their time table. This company by all accounts is over qualified to be on Pink Sheets as a it is in a higher league and will eventually graduate to that point. The company is currently resolving all logistical matters before the formal announcement is made. They are pleased that the USA SITG is involved and see a great upside potential and the synergies both companies bring to the table. All parts are slowly coming together with both sides looking forward to a good and prosperous future"
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SOURCE SkyBridge Technology Group Inc.