2010
09.02

Skybridge Technology Group (SKGO) General Corporate Update

Las Vegas, Nevada, September 2, 2010 — Sky Bridge Technology Group (SKGO; http://www.skybridgetechgroup.com) and its management is using this opportunity to address its shareholders and followers on various corporate matters. The company operates a US based green energy company, Shot in the gas.com. Shot in the Gas has recently completed a series of filings on Pink Sheets, and provided its IR company with various updates of pending major agreement. These are on the cusp of completion and additional news releases with details will be made shortly. SKGO is providing this general updates to shareholders, to address the non-reporting issues of its China based subsidiary, Sanhe Tech (Sanhe) Recycling. Sanhe has decided not to report its revenues or activities back to the parent company SKGO.  This non compliance stance of Sanhe management has caused stress on the values of SKGO share values. The dispute arises out of Sanhe’s demands for dilution and the need to raise capital which SKGO management and board members refuse to do.

SKGO Management has sent its agents and legal advisors to China to address this matter, and will report back to its shareholders shortly. Ultimately SKGO reserves the right to rescind its merger with Sanhe and have the issued shares of Sanhe return back to treasury.

Regarding previous filings, Shot in the gas continues to thrive in the gas energy business, and will make a public announcement shortly on over 7,000 distributors and locations, where some of its products can be purchased by the general public. The company is hopeful that this major development and announcement will bring attention to its suppressed share price values, coupled with the resolution of shares with Sanhe will restore its share values to a respectable level and or at least back to its original or proper price point.

The company will update the public with all developments regarding these news.

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  1. Does anyone know if there is any up coming projects?

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