Press Release Source: SkyBridge Technology Group, Inc.
SkyBridge Technology Group, Inc. ''SBTG'' Announces Its Subsidiary Sierra Pacific Aviation, Adds Kodiak Turboprop to Its Managed Fleet Wednesday August 2, 9:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 2, 2006--SkyBridge Technology Group, Inc. (Pink Sheets:SBTG - News) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., has received a Letter of Intent (LOI) to manage new Turboprop, the Kodiak from Quest Aircraft Company LLC of Sandpoint, ID. The Kodiak is a new breed of heavy hauler bush planes ideal for the unimproved airstrips of the Pacific Northwest as well as Baja. The delivery date is still pending final FAA certification and production approval. This new design is poised to compete with Cessna Aircraft's hugely popular Caravan; one of the most reliable and best selling aircraft in the world for decades. "The single engine turboprop Kodiak fits right into our 'Personal Trainer' category of aircraft and the associated operations and management services arm of our business," said Brent Neville President of Sierra Pacific. The Kodiak retails for a base price around $1.4M, and comes in a variety of configurations including an Aircraft SUV version. More on the Kodiak can be found at www.questaircraft.com. ADVERTISEMENT
James Wheeler CEO of "SBTG" states, "we are extremely pleased with the advancements that Sierra Pacific is making and are very satisfied with the acquisition. We look forward to continued growth in the aviation field."
Certain Information
Posted by lukin4winners on :
Bounced off the lod .0031 now .0046 .... looking better ... market makers got some cheapies
Posted by kilikili on :
Float 27Mil
Posted by Johnwayne on :
level 2 is thin all the way to .007 Scratching my head on this one. Good news and the stock is down 20%?
Posted by Johnwayne on :
Bid .0036 - within a stones throw of the 52 week low on LOI news. I'm sure it's dillution but come on. I'm down almost 50% on this.
Posted by lukin4winners on :
The mm are all over the place on this one. Just can't help but think they need shares and when they have enough inventory they will run it again... 27M shares come on ...with a good pr today...doesn't make sense.
Posted by lukin4winners on :
Nice close .005 when it was .004x.005 and a 200k at the ask... the mm's just collected a lot of cheap shares today... tomorrow should be very interesting...good luck
Posted by vinnie1 on :
made good money on this baby last week.300%
Posted by Johnwayne on :
Strong close. Down alot but feeling better about this.
Posted by vinnie1 on :
kicking myself for not buying in at the low .0031 was out
Posted by vinnie1 on :
will buy if this dips in the morning may be ready for another run.
Posted by lukin4winners on :
Today looks like a rebound from yesterdays bid whacking holiday by the mm's . They wanted cheap shares , they got them . Their inventory is probably replenished now for the next run. .045x.055 pm ... looking forward to an up day today. good luck