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Thursday, 11 Feb, 2010 (PR Newswire) -- Shot in the Gas (SKGO) $6,000,000 Industrial Revenue Bond
BUFFALO, NY, Feb 11, 2010 /PRNewswire via COMTEX/ -- SkyBridge Technology Group, Inc. (SKGO; http://www.skybridgetechgroup.com/) Shot in the Gas (SITG) division President Jeffery Burns and Chief Marketing Officer Mike Barbee met with John C. Cappellino Executive Vice President and Grant P Lesswing Business Development Officer of the Erie County Industrial Development Agency today to start the process for a $6,000,000 Industrial Revenue Bond.
Shot in the Gas has grown at a staggering pace since the merger with Sky Bridge Technology Group and plans to incorporate cross functions of Sanhe to build a strong company. "It just makes sense that as we continue to grow in leaps and bounds that we start looking at expansion," said Mike Barbee Chief Marketing Officer Sky Bridge Technology Group / Shot in the Gas. Sanhe is thriving in China with its patented ultra plastic wood. The United States has an abundance of industrial and agricultural waste. Shot in the Gas plans to position the company to take the Chinese model and integrate it into operations. The ability for rapid manufacturing growth and recycling is a natural fit for an Industrial Revenue Bond which will allow for the finance and retrofitting of a larger building at very favorable terms. The initial meeting with Erie County went very well. The ability to recycle waste, generate revenue, and put people back to work in droves is very desirable for the county.
According to Mr. Cappellino the bond initiative will take about six months to complete and the ECIDA recommends using Key Bank or Bank of America as the financial institution. The next step is to find a suitable building to cover expansion plans. Shot in the Gas will start the process right away. "The upcoming marketing campaigns planned for Shot in the Gas should require us to upgrade our space and our best strategy is to have a space that will allow us to use all the tools in our arsenal. The depressed real estate market and people ready to work make for an idea situation which we plan to take advantage of. We have had incredible interest from distributors of all sorts who we are signing up to distribute Shot in the Gas and we always looking to increase our sales arm. We also plan to revisit our cost of goods for packaging materials in the near future to ensure the best possible prices and quality." - Jeff Burns President of Sky Bridge Technology Group / Shot in the Gas.
In other company news and events images of Chief Marketing Officer Mike Barbee and Grant P Lesswing Business Development Officer of the Erie County Industrial Development Agency will be posted shortly on Pink Sheets under Filing section. In addition to this the company brings attention to the Sanhe Tech-SKGO- CEO message from China also posted as a separate filing with Pink Sheets today as well.
Ms.Yang Yu Fang, CEO of SKGO said "We are delighted to see the strides made by SITG. They were the driving factor for us and our decision to proceed with the SKGO Merger. As a company we have a policy not to comment on the price movement of our share price and rather focus our energy and drive towards running our business, making sales and providing great customer support to our clients. It is our opinion that the market has not accurately reflected the true value of SKGO as an entire organization. We are quite optimistic that once just some of the contracts recently finalized by us the big picture will emerge and some of these eroded values will be restored. We remind our shareholders and followers to monitor Pink Sheets.Com Filing Section and also our IR company web site section "CLIENT SUPPORT" TAB www.minamargroup.net or this direct link http://minamarmarketinggroup.helpserve.com. For any matters relating to retail investor queries or to send us a message here in China to Sanhe Tech; or our SITG division in USA please click on the INVESTOR SUPPORT TAB or this direct link www.minamargroup.net/helpdesk.
Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course.
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Sanhe Tech (SKGO) Seals Contract for World Expo 2010 in Shanghai
PR Newswire - Thursday, 11 Feb, 2010
Thursday, 11 Feb, 2010 (PR Newswire) -- Sanhe Tech (SKGO) Seals Contract for World Expo 2010 in Shanghai
NANCHANG, China, Feb 09, 2010 /PRNewswire via COMTEX/ -- SkyBridge Technology Group, Inc. (SKGO; http://www.skybridgetechgroup.com/) proudly announces its Chinese subsidiary Jiangxi Sanhe Science and Technology Co., Ltd. (Sanhe Tech; http://hgc11149.chinaw3.com/) signed a contract with Shanghai landscaping department.
Sanhe Tech signed a contract with a subsidiary of the Shanghai Pudong landscaping department to become a green product supplier for the upcoming Shanghai World Expo 2010 (May/October, 2010). The Shanghai EXPO's 'Pudong New Area' spreads over 5 square kilometers in the heart of Shanghai, and the organizers dedicated the exhibition, events and forums to: "Better City, Better Life." The event intends to build a powerful example of sustainable and harmonious urban living and Sanhe Tech's resilient and biodegradable green products will take part in this unique exhibition.
Sahne Tech had received initial order to supply 1000 flower containers for the event. To fill the order, the company will begin the Expo production starting February 15th, the first day after the Spring Festival (Chinese New Year). Sanhe containers will serve to decorate the Pudong New Area and the Expo. The containers will present Sanhe Tech's recycled and eco-friendly product to the world.
In other news and events the recent price movement of SKGO has not deterred the company from exploring other immediate expansion plans. Filings for this event are currently being countersigned and reviewed and will be filed with Pink Sheets 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 forward-looking 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.
Thursday, 11 Feb, 2010 (PR Newswire) -- Shot-in-the-Gas (SKGO) Recruited Its First Distributors
HENDERSON, NV, Feb 04, 2010 /PRNewswire via COMTEX/ -- SkyBridge Technology Group, Inc. (SKGO) (http://www.skybridgetechgroup.com) announced today that its Shot-in-the-Gas (www.shotinthegas.com) division signed up first 7 distributors in the US.
The company announced that over the past five days Shot-in-the-Gas has signed seven distributors from Florida, New York, North Carolina and California. As the company launches its sales in USA, the Company also negotiates with individual distributors in China, India and Bangladesh for Exclusive International License and sole rights to market Shot-in-the-Gas products.
The new US distributors created their own self-replicated website address using company's self-replicating www.shotinthegas.com website. The self-replicating websites streamline the development of national sales force for Shot-in-the-Gas, making it easy for anyone to become a distributor. All the candidates need to do is drive business to his/hers/its own web address that replicates the Shot-in-the-Gas website, allowing the distributors to track commissions and residuals at a glance.
Jeff Burns, the President of Shot-in-the-Gas, said, "Rising gas prices, customer requirement for higher MPGs, more power and emissions reduction make Shot-in-the-Gas' distributorship grow swiftly because our product offers America the sought for opportunity to become more fuel-efficient and cut down the national oil addiction."
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 forward-looking 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.
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keep watching this one. give it about 8 days or so. don't think it knows where its bottom is. good to get in around .0018/9 usually will run up to about .0024/5 within a day or so.
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SKYBRIDGE TECHNOLOGY GROUP FINANCIAL STATEMENTS (unaudited) For the period January 1, 2009 thru September 30, 2009 SKYBRIDGE TECHNOLOGY GROUP CONSOLIDATED BALANCE SHEET (unaudited) ASSETS CURRENT ASSETS Cash $121 Accounts Receivable 0 Prepaid Expenses & Deposits 1,654 FIXED ASSETS ‐ net 0 GOODWILL 0 $1,774 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable and Accrued Liabilities $31,812 Interest on Convertible Debt 260,335 Taxes payable 0 LONG TERM LIABILITIES Convertible Debentures 688,061 Preferred Stock 198,000 SHAREHOLDERS' DEFICIENCY CAPITAL STOCK Common Stock, authorized shares ‐ 1,900,000,000 Issued and outstanding ‐ @ Par value .00001 49,665 Preferred Stock, issued and outstanding ‐ 3,960,000 Paid in capital 13,083,792 RETAINED EARNINGS ‐14,309,891 $1,774 The accompanying notes are an integral part of these financial statements FOR THE PERIOD ENDED September 30, 2009 SKYBRIDGE TECHNOLOGY GROUP CONSOLIDATED STATEMENTS OF EARNINGS AND DEFICIT (unaudited) EARNINGS SALES Revenues $1,571 COST OF SALES Purchases 0 TOTAL COST OF SALES 0 GROSS PROFIT 1,571 OPERATING EXPENSES General and Administrative -422,495 Selling Expenses TAX PROVISION 0 NET PROFIT (LOSS) $424,066 Retained Earnings - Beginning of period Retained Earnings - End of period The accompanying notes are an integral part of these financial statements FOR THE PERIOD January 1 Thru September 30, 2009 SKYBRIDGE TECHNOLOGY GROUP CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) CASH FLOWS Cash flows from operating activities Profit/Loss from operations $424,066 Adjustments to cash flows from operating activities: Amortization of goodwill 0 Depreciation of fixed assets 0 Cash flows from operating activities 424,066 Cash flows from investing activities: Capital expenditures 0 Investment in inventory 0 Increase in accounts receivable 0 Increase in loans to related companies 0 Cash used in investing activities 0 Cash flows from financing activities: Increase in accounts payable and accrued liabilities 17,992 Increase in loans from related companies ‐596,065 Increase in loans payable ‐502,974 Issuance of capital stock 667,728 Cash used for financing activities ‐413,319 Net increase (decrease) in cash $10,747 Cash at beginning of period $10,868 Cash at end of period 121 $10,747 The accompanying notes are an integral part of these financial statements FOR THE PERIOD ENDED September 30, 2009
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this is just the initial part of the company, without its other companies earnings added in. it is probably making more thatn this!
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this one could be getting ready to run....might have hit bottom....they will be releasing more financial info soon....might want to jump on the gravy train while you can.
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CLEARWATER, FL, March 1 /PRNewswire-FirstCall/ - SkyBridge Technology Group, Inc. SKGO; http://www.skybridgetechgroup.com/) Shot in the Gas (SITG) division met with Kevin Harrington. This was the second round of talks with Kevin and TV Goods. The marketing approach with TV Goods will be for immediate international market penetration via infomercial. Kevin co-founded the Electronic Retailing Association, or ERA, alongside key industry entrepreneurs, including Greg Renker of Guthy-Renker, LLC. http://www.guthy-renker.com
This trade association represents the $125 billion electronic retailing industry and is comprised of over 450 member companies and subsidiaries worldwide that use the power of electronic retailing to sell directly to consumers via television, radio, Internet and wireless media in over 100 countries worldwide. The next step is Kevin drafting the contract out lining exactly all terms with the joint venture and signing the contract. Shot in the Gas estimates signing a joint venture within the upcoming few weeks. "Kevin is king of the infomercial and the levels he can drive our product in the upcoming months far exceeds our wildest projections. Kevin is willing to forego the usual consulting contingency and launch the promotion with a revenue split which tells us he is pretty sure of the potential of Shot in the Gas." - Jeff Burns, President of Shot in the Gas. "Our talks with Kevin couldn't have gone better or faster, he is ready to step on the gas! We are now looking to take the best testimonials from the ongoing free promotional give away and make some people TV stars" - Mike Barbee, Vice President of Sales Shot in the Gas.
The company reminds our shareholders and followers to monitor PinkSheets.Com Filing Section and also our IR company web site section "CLIENT SUPPORT" TAB http://www.minamargroup.net/ or this direct link http://minamarmarketinggroup.helpserve.com/ for further updates on this and other business matters. Non-newsworthy events are not press released however posted on these two separate support sites to keep our followers advised of day-to-day events. For any matters relating to retail investor queries or to send the company a message directly please click on the "INVESTOR SUPPORT" TAB or this direct link: www.minamargroup.net/helpdesk.
Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course. To be included in the company's email database for press releases, industry updates, and non-weekly activity at the company that may or may not be news released, please subscribe or opt in mailer at 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 forward-looking 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 www.minamargroup
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