SkyBridge Technology (SKGO) Finalizes Merger with Chinese Manufacturer
2010年1月30日 - 6:00AM
PRニュース・ワイアー (英語)
NANCHANG, China, Jan. 29 /PRNewswire-FirstCall/ -- SkyBridge
Technology Group, Inc. (SKGO; http://www.skybridgetechgroup.com/)
today, after the market closed announced that the company had
finalized the merger with the Chinese Jiangxi Sanhe Science and
Technology Co., Ltd. ('Sanhe'; http://hgc11149.chinaw3.com/ English
site). SKGO has been in the process of evaluating strong and
strategically balanced partners for their plans to successfully
raise the shareholder value and secure a solid future growth for
the company. SKGO completed the Jiangxi Sanhe Science and
Technology Co., Ltd. merger with a common share exchange
(restricted shares) of approximately 600 million shares. Sky Bridge
Technology welcomes and introduces Jiangxi Sanhe Science and
Technology Co., Ltd. to its shareholders and followers. Jiangxi
Sanhe Science and Technology Co., Ltd. produces and distributes
environmentally friendly and recyclable 'plastic wood'. This
environmental product doesn't hold any toxic residues of benzene,
ammonia or formaldehyde, and it's entirely environmentally friendly
and biodegradable. This product suits flooring, ceilings, internal
and external wall panels, furniture, and other urban and rural
installations. The company's products hold ISO9001-2000 quality
certification and ISO14001-2004 environmental certification and the
company received Jiangxi Province High-Tech Enterprise Certificate
in 2006. New incoming SKGO Ms. Yang Yu Fang CEO said, "This is
tremendous news for both Sanhe and SKGO. I think the shareholders
must appreciate the work of the SKGO management and its corporate
advisors in raising this company from the dust. Sanhe brings value
to SKGO shareholders, and we can't wait to get down to business.
The 'plastic wood' lays at the center of Sanhe production and the
company seeks ways to expand and find export opportunities for
North America. Besides the plastic wood, the company also holds
patents for earthquake-resistant building design and an effective
wind turbine dynamo. We believe the shareholders greatly appreciate
what's happening with SkyBridge today as we will strive to
continuously increase the value of the company." This merger is
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, certain accredited investors and its
M&A advisors on this merger and has developed a complex
preferred share exchange arrangement. The result will see SKGO
current (both common and preferred) share structure unchanged and
undisturbed for an estimated 12 to 24 months after the merger date.
Within the next 5 to 7 business days the company plans to issue a
CEOs message, video and still images of the Sanhe factory and
infrastructure in China. Copies of patents will be filed with Pink
Sheets along with other relevant documents relating to Sanhe
shortly. Ms. Yang Yu Fang CEO, Ms.Sun Xi Managing Director and Ms.
Peng Yan Director of Sanhe intend to attend Shareholders Business
and Expo Conference hosted by SKGO's M&A firm Mina Mar Group to
be held in Toronto Canada April 9, 2010. Sanhe and SKGO management
invite their shareholders and followers to visit the SKGO booth at
the conference. Sanhe along with reps from SKGO's USA based
operating subsidiary Shot In The Gas http://www.shotinthe/ gas.com
will be available to answer any questions relating to their
business, where both companies will demonstrate some of their
technology and will make available samples of their products. 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
http://www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry, http://www.minamargroup.net/ (IR); For (M&A) and
Corporate Matters, http://www.minamargroup.com/ DATASOURCE:
SkyBridge Technology Group Inc. CONTACT: For any investor relations
matters, please contact http://www.minamargroup.net/helpdesk;
Investor Relations Department Inquiry, http://www.minamargroup.net/
(IR); For (M&A) and Corporate Matters,
http://www.minamargroup.com/
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