01.04
HENDERSON, NV, Jan 04, 2010 /PRNewswire-FirstCall via COMTEX/ — Skybridge Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com) introduces the targeted USA merger company Shot in the Gas, Inc. Shot in the Gas (http://www.shotinthegas.com)
“We are looking forward to a profitable future of working with Skybridge Technology and are happy to be part of their team,” said Michael Barbee, Shot in the Gas’ President, (and incoming SKGO CEO) who added; “The more you begin to imagine what the future holds for our company, the more you can easily see that we are on the path to rapid expansion here.”
Shot in the Gas (http://www.shotinthegas.com) sells a fuel additive for gasoline that cuts the high cost of fuel and provides cleaner combustion. Its products are tested, environmentally friendly and EPA registered. They will not harm engines, catalytic converters or oxygen sensors and will not void vehicle warranties.
This merger will be 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 and its M&A advisors on this merger and develops a complex preferred share exchange arrangement. The result will see SKGO’s current (both common and preferred) share structure unchanged and undisturbed after the merger, including its recent non-dilution and non-recapitalization policy.
Discussions with a second merger for SKGO, a China industrial based company, continues. Details will be announced shortly. SKGO intends to provide timely updates to its shareholders as its first line of business will be to complete full transparency with Pink Sheets and complete its adequate disclosure documents in concert with the completed merger.
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