First merger news...
http://dotnet.sys-con.com/node/1245485
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SkyBridge Technology Group Inc. (SKGO) Completes Merger With USA Based 'Shot in the Gas'
HENDERSON, NV, Jan. 13 /PRNewswire-FirstCall/ - Skybridge Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com) management announces that the company had finished its due diligence and the company acquired the USA company Shot in the Gas, Inc. (http://www.shotinthegas.com)
This now paves the way for the merger negotiations with Chinese 'Sanhe'.
SKGO successfully acquired 'Shot in the Gas' for 400 million restricted shares. The company sees this acquisition as relatively inexpensive one as SKGO management sees a great potential for this company in the future.
Shot in the Gas (http://www.shotinthegas.com) sells a fuel additive that cuts the fuel consumption and provides cleaner combustion. Its products are tested, environmentally friendly and EPA registered. They will not harm engines, catalytic converters and oxygen sensors, and will not void vehicle warranties.
Further on the SKGO's mergers news, the successful merger with Shot in the Gas allows SKGO to continue merger negotiations with the Jiangxi Sanhe Science and Technology Co., Ltd (http://www.sanhetech.com). Sanhe representatives decided that their company would only enter into the business relationship or a merger with SKGO under the condition that SKGO would successfully acquire Shot in the Gas. With the current rising prices of oil and gas, Sanhe management believes that Shot in the Gas has a tremendous upside for SKGO as a whole and will effectively raise the shareholder value.
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)
The 400 million shares to be issued to Shot in the Gas will be held in escrow pending Shot in the Gas meeting pre determined revenues and targeted goals. 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 for certain financing as per Pink Sheets filings. The company M&A advisors developed a complex preferred share exchange arrangement which should eliminate any toxic financing and provide a streamlined cashflow for the company to grow and meet its objectives. The result will see SKGO's current (both common and preferred) share structure unchanged and undisturbed after the merger.
In summary, the merged candidate would acquire the preferred shares over time and have an option to convert these preferred shares at a significantly higher strike price than what SKGO is currently trading at. The targeted merger candidates hope to benefit from this merger and increase their revenues and value of the entire organization.
In other company news, the company will name Mike Barbee as Marketing Director and Jeffrey Burns as the Shotinthegas.com president.
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If the "Shotinthegas.com" acquisition was a requirement for the merge with "Sanhetech" then everything is on schedule and waiting for the 3rd one to complete the little monster.
Seems the ride is starting right now. DYOD
Yupp China Merger news will come soon as per the filings on Pinksheets.com..with $25 million company PPS will be much higher !!
http://www.skybridgetechgroup.com/
Jiangxi Sanhe Science and Technology GREEN IN MANY WAYS FOR SKGO
Check out some of the products these people make.
http://hgc11149.chinaw3.com/ac…ault1.asp?lan=en&catid=28
The PR release does not do them TOTAL justice in my opinion. They make all kinds of building products, flooring, Ibeams, building blocks, wall covering or sheeting and so on. They also have a few US patents already.
They also List 2006 annual sales of $10 mil so they have been doing well for sometime now.
They provided lots of there products towards the recent Olympics in China and other buildings as well.
Looks like a VERY SOLID WINNER TO ME WITH MORE TO COME. Remember the terms list advertising for SKGO and shotinthegas. We will get lot of return
out of this.
SKGO 3 way merger CHINA STEEL COMPANY LOI USA- China- SKGO and Super Conglomorate.
Steel Company named to announced when completed.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=skgo
exactly..we will sure move to .05+ once China Merger news are out and think abt uplist to OTCBB...this is sure exploding soon
NEW FILING ON PINKSHEETS.COM
http://www.pinksheets.com/otci…alReportById.pdf?id=27902
Skybridge Tech (SKGO) Pink Sheets
----Filing Non News worthy Event ---
HENDERSON, NV, Jan. 14 - Skybridge Technology Group, Inc. (SKGO)
(http://www.skybridgetechgroup.com) USA company Shot in the Gas, Inc.
(http://www.shotinthegas.com) brief weekly update. The company is pleased to have completed its
merger with SKGO. This event has created a tremendous demand for our product, by the virtue of the
publicity generated. Shot In The Gas management is awaiting final legal opinion from preferred
shareholders and others to draw down on the 1st $50,000.00 tranche of its non toxic financing.
A source close to the company confirms that that shotinthegas.com is awaiting its funds which are
expected to be released shortly in order for the company to place its order for more inventory needed.
The internet traffic generated recently will most certainly show up on company books bottom line soon.
The company will send release on marketing dates in Philly shortly .
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/.
Skybridge Tech (SKGO) Pink Sheets
----Filing Non News worthy Event ---
HENDERSON, NV, Jan. 14 - Skybridge Technology Group, Inc. (SKGO)
(http://www.skybridgetechgroup.com) USA company Shot in the Gas, Inc.
(http://www.shotinthegas.com) brief weekly update. The company is pleased to have completed its
merger with SKGO. This event has created a tremendous demand for our product, by the virtue of the
publicity generated. Shot In The Gas management is awaiting final legal opinion from preferred
shareholders and others to draw down on the 1st $50,000.00 tranche of its non toxic financing.
A source close to the company confirms that that shotinthegas.com is awaiting its funds which are
expected to be released shortly in order for the company to place its order for more inventory needed.
The internet traffic generated recently will most certainly show up on company books bottom line soon.
The company will send release on marketing dates in Philly shortly .
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 forwardlooking
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;
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