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SkyBridge Technology Group, Inc. ''SBTG'' Announces Its Subsidiary Sierra Pacific Aviation, Sees Steady Growth Regardless of Gas Price SkyBridge Technology Group, Inc. (OTC:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., continues to see steady growth even with the high price of fuel that is causing many other operators to slow down. The key states, Brent Neville, President of Sierra Pacific is, "The disparity between aviation fuel and auto fuel has become less in terms of a percentage of cost. Five years ago a gallon of aviation fuel was about 100% more than a gallon of auto gas. Today aviation fuel is about 40-50% more than auto gas, so the cost of flying has become relatively more affordable when compared to ground forms of transportation." With an economy dependent upon oil for transportation, we are seeing a number of private individuals and businesses take advantage of these disparities, and Sierra Pacific is positioned to serve that specific market.
There have been significant technological advancements in aircraft design, more fuel efficient aircraft are being manufactured such at the Cirrus SR20 & SR22 models. The auto market is moving away from Hummers and on to Hybrids and that is also true in the aviation marketplace, and that is good news for Sierra Pacific. Neville continued, "The time element is also a factor. We act as personal trainers and corporate pilots for our clientele and help them shrink time and distance for their personal and business needs. A simple meeting in Los Angeles for someone here in San Diego may take a full day to accomplish by car, and now costs nearly as much in gas as a flight will, but the real difference is that we can accomplish the mission in one half to one quarter of the drive time. This holds true not only for business travel, but also for pleasure trips to places like Baja, Sedona AZ, or Catalina Island." With the commercial airlines continuing to struggle with the security delays, personal air travel in general aviation has a solid future.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
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