SK3 Group Announces Signing of Merger Agreement with Healthcare of Today, and Correction of Prior Acquisition Announcement
January 08 2010 - 2:04AM
Marketwired
SK3 Group, Inc. (PINK SHEETS: SKTO) today announces that it has
entered into a definitive Agreement and Plan of Merger with
Healthcare of Today, Inc., completing the terms of the previously
announced letter of intent. Closing of the merger is subject to the
completion of audits of SK3 and Healthcare of Today, Inc., the
effectiveness of an S-4 registration statement to be filed with the
SEC, and acceptance of a listing application with NASDAQ for the
common shares of the surviving entity in the merger. Under the
terms of the merger, Healthcare of Today, Inc. and SK3 Group will
both merge into a newly-formed Nevada corporation, Healthcare of
Today, Inc., which has been formed for that purpose and which will
be the surviving entity.
In addition, SK3 Group previously announced that Healthcare of
Today, Inc. has acquired MacuCLEAR, Inc., a pharmaceutical company
focused on discovering and developing novel solutions for vascular
disorders of the eye. That announcement was incorrect. Healthcare
of Today has, in fact, entered into a letter of intent for such an
acquisition, but has not yet completed a definitive acquisition
agreement or closed on the acquisition.
Healthcare of Today (http://www.healthcareoftoday.com), based in
Burbank, California, is a vertically-integrated healthcare holding
company. Founded in 2008, it has since acquired a number of
companies, many specializing in the senior care industry. Its
subsidiaries are engaged in a wide range of businesses including:
nurse staffing, residential care facilities for the elderly, home
healthcare services, home healthcare equipment sales, healthcare
information technology, medical equipment, healthcare consulting,
insurance, data security, advanced human tissue engineering, and
more.
About SK3 Group, Inc.
SK3 Group also markets preferred medical services through its
facilitation partners to its PEO client base. Corporate information
can be found at http://www.sk3groupinc.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release may contain forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipates" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements.
This news release speaks as of the date first set forth above and
the Company assumes no responsibility to update the information
included herein for events occurring after the date hereof.
Contacts: SK3 Group, Inc. Peter Bell President (760) 268-9611
info@sk3groupinc.com www.sk3groupinc.com
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