NANCHANG, China, April 1 /PRNewswire-FirstCall/ - SkyBridge
Technology Group, Inc. (SKGO;http://www.skybridgetechgroup.com/)
plans to proceed with a share reduction and or buyback program.
The company and its investors had been concerned with the
company's share price being grossly undervalued, the company sees
this as a great opportunity to shore up the float with a
commencement of a share buyback program. A source close to the
company said "Sanhe in China is of
the strong opinion that SKGO is a viable company whose share price
should be in a "penny land" not sub penny or sub sub penny zone".
The company does not like where its security is trading at. The
company intends to take drastic steps of a share buyback ahead of
the shareholder meeting by either using its own funds from
China and or selling its position
in the USA based Shot In The Gas
operations and division."
Neither the company nor its IR will comment on this topic
further. The company will announce the exact numbers as soon as
this is beneficially advantageous to itself and its
shareholders.
The company reminds its shareholders and followers to monitor
PinkSheets.com Filing section and also our IR company web site
section "PRESS RELEASES AND FILINGS" TAB
http://www.minamargroup.net/ for non newsworthy corporate
updates.
For any matters relating to retail investor queries or to send
the company or its IR a message please click on the "INVESTOR
SUPPORT" TAB, or the direct link
http://www.minamargroup.net/helpdesk.
Don't be a victim. Report a stock basher. The company is mindful
that short sellers, the company competitors and stock bashers stalk
small cap Pink Sheets listed companies with hidden agendas. Visit
http://www.stockbasher.com/ and find out what criminal and civil
actions the US authorities are taking against web sites like
investorshub.com and other posters, and the remedies available to
you as an individual investor.
Filings for this event are currently being reviewed and will be
filed with Pink Sheets and Client Support section in due course. To
be included in company's email database for press releases,
industry updates, and non-weekly activity in the company that may
or may not be news released, please subscribe or opt in mailer at
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
www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry, http://www.minamargroup.net (IR); For (M&A) and
Corporate Matters, http://www.minamargroup.com
SOURCE SkyBridge Technology Group Inc.