Skybridge Technology Group, Inc. (SKGO) to Acquire USA based Shot in the Gas

Jan 04, 2010, 13:55 ET from SkyBridge Technology Group Inc. (SKGO)

HENDERSON, NV, Jan. 4 /PRNewswire-FirstCall/ - Skybridge Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com) introduces the targeted USA merger company Shot in the Gas, Inc. Shot in the Gas (http://www.shotinthegas.com)

"We are looking forward to a profitable future of working with Skybridge Technology and are happy to be part of their team," said Michael Barbee, Shot in the Gas' President, (and incoming SKGO CEO) who added; "The more you begin to imagine what the future holds for our company, the more you can easily see that we are on the path to rapid expansion here."

Shot in the Gas (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.

This merger will be based on the targeted merger companies being able to meet and exceed both management and long-term shareholders reasonable expectations. The SKGO management works in concert with its preferred shareholders and its M&A advisors on this merger and develops a complex preferred share exchange arrangement. The result will see SKGO's current (both common and preferred) share structure unchanged and undisturbed after the merger, including its recent non-dilution and non-recapitalization policy.

Discussions with a second merger for SKGO, a China industrial based company, continues. Details will be announced shortly. SKGO intends to provide timely updates to its shareholders as its first line of business will be to complete full transparency with Pink Sheets and complete its adequate disclosure documents in concert with the completed merger.

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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. (SKGO)