TORONTO, Nov. 18 /PRNewswire-FirstCall/ - SkyBridge Technology Group Inc. (SKGO) is providing its followers and shareholders with a brief update vis a vis general business matters.
The company is introducing its new corporate domain name WWW.SKYBRIDGETECHGROUP.COM together with a small interim corporate web site. A full, elaborate, professionally built web site will be launched in concert with the upcoming targeted merger.
The interim CEO Marc Pintar said "SKGO lead merger advisor Mina Mar Group (http://www.minamargroup.com/) has presented to the newly elected board of SKGO several merger candidates, including a USA based automotive industry candidate, and a China based manufacturing company. Both targeted companies have significant assets and revenues. SKGO representatives will be in China from Nov 24 to Nov 28 for the purpose of conducting due diligence of the China targeted company. Notwithstanding, discussions are continuing with both targeted merger candidate companies. The SKGO board is aiming to have all the mergers and corporate organization complete by the end of the year, which will allow SKGO' to have a running start in 2010."
In other company news, the company continues with its aspirations for the end of November to complete its financial filings with Pink Sheets including its Q3 report which should earn the company a "Yield" or the top 2 tier ranking with Pink Sheets.
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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.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com
SOURCE SkyBridge Technology Group Inc. (SKGO)
