SkyBridge Technology Group Inc. (SKGO) Sanhe Financials
2010年2月5日 - 5:12AM
PRニュース・ワイアー (英語)
12 month revenue $4.3 million with a pretax profit of just over
$911K NANCHANG, China, Feb. 4 /PRNewswire-FirstCall/ -- Skybridge
Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com/)
management and its operating subsidiary Sanhe Tech
http://www.sanhetech.com/acomjx_com/wz/jxshkj/default1.asp
concerned about the recent and unexpected share price decline are
releasing Sanhe Tech financial statements only. Note: These figures
do not include the company's other operating subsidiary Shot In The
Gas (USA based operation) and are not consolidated statements. The
report will be filed on Pink Sheets today. The report from China
actually has the 12 months operations ending Dec 31, 2009. We have
converted the 12 month total to USD (highlighted in yellow). The
numbers overall look good with revenue for the year close to $4.3
million with a pretax profit of just over $911K. The company also
puzzled as to the reasoning of the recent share price decline,
attributes this to some long time restricted stock (approximately
275 million shares) which have recently became free trading. The
company believes its current float to be in the 600 million share
range now. Company will update its listing on Pink Sheets
accordingly. The company advisors monitoring the company share
price and trading patterns are of the opinion that once (if the
sale not already complete) 275 million surge flushes out, the
market will absorb these aggressive sells and normality should
resume. The company confirms that its insiders, advisors and
affiliates are not and have not sold any shares nor taken any part
of any sales of their respective positions. Any acquisition by the
company or its agents will be disclosed with Pink Sheets filing
service. Jiangxi Sanhe Science and Technology Co., Ltd. is a
manufacturer and a distributor valued at about $25 million USD. It
occupies about 15,000 sq feet of operating and manufacturing
capacities and employs approximately 100 full and part time
employees. The candidate manufactures Environmentally Friendly
Recyclable "Plastic Wood". The end product is sold as park benches,
storage sheds and various outdoor durable gardening utilities etc.
(see filing Jan 12, 2010)
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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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