(New CEO to Skybridge Technology Group, Inc Address)
HENDERSON, NV, Jan. 14 /PRNewswire-FirstCall/ - Skybridge Technology Group, Inc.'s (SKGO; http://www.skybridgetechgroup.com) new management would like to address several issues regarding the recent merger developments, and share updates on company's Pink Sheets', administrative and financial standing with the shareholders.
(The new CEO to Skybridge Technology Group, Inc.,) The president and CEO of Shot in the Gas, Jeffrey Burns, said, " SkyBridge Technology has successfully merged with Shot in the Gas and we are ready to finalize our merger with Sanhe Thech, the 'plastic wood' manufacturer; with our agents scheduled to arrive in China this week. This is all great news for the shareholders as SKGO approaches a new dawn, we have worked hard to clear out all that held us in the dark, and the company wants to update the public on the company's administrative, Pink Sheets' and financial standings.
We are happy to announce that we have arranged funding for SKGO. We are in the final stages of our, Pink Sheets current review with our Adequate Disclosure (AD). SKGO doesn't expect any problems regarding this issue. The company is also completing all the required filings to achieve full transparency with Pink Sheets.
Further, we actively negotiated the settlement of all debts accumulated by previous managements that operated different business models under SKGO symbol. SkyBridge technology intends to clear these debts in good time by utilizing non-toxic financing. We have entered a new era of growth and we wish to keep in good standing with the authorities and investors.
Also, in our efforts to promote SKGO and its exciting environmental business model, we are happy to announce that we have launched the new SkyBridge website, http://www.skybridgetechgroup.com/, that will list information on all our activities and subsidiaries, and we invite all investors, present and potential, to review our solid business model and future plans for our enterprise. We are currently working to improve the www.shotinthegas.com website as well.
The company will keep shareholders informed about the progress on the aforementioned issues and all new developments within the company on a timely basis.
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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.
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SOURCE SkyBridge Technology Group Inc.