SK3 Group, Inc. Announces Planned Stock Dividend
May 11 2010 - 10:16AM
Marketwired
SK3 Group, Inc. (PINK SHEETS: SKTO) today announced that it has
entered into an agreement with Healthcare of Today, Inc. (HOTI)
that will result in a distribution to SK3 shareholders of shares of
HOTI common stock held by it. SK3 shareholders will receive 1 share
of HOTI common stock for each 1,000 shares of SK3 common stock
outstanding. The distribution will be made upon the effectiveness
of the registration statement for the HOTI shares; this which is
expected to be filed by HOTI shortly, as soon as the audit of
HOTI's financial statements is completed. The anticipated
registration price for HOTI shares is $12.00 per share, subject to
adjustments for market conditions and other factors at the
effective date.
In March, 2010, the Company also announced its intention to
change its name to Healthcare of Today Services, Inc. in
preparation for its role as the services, facilities, education,
and health plan services holding company for Healthcare of Today's
services company portfolio, in addition to Angels of the Valley
Hospice Care (www.angelsofthevalley.com) and Medical Billing
Specialist (www.medbillspec.com).
The expected acquisition of the additional healthcare services
companies will be closed as soon as the Company, with the
assistance of Healthcare of Today, completes the audit of its
financial statements, re-establishes itself as a fully reporting
company under the Securities Exchange Act of 1934, and obtains
regulatory approval for the name change. Following the
effectiveness of those steps, SK3 Group also has declared its
intention to apply for NASDAQ listing of its common shares as soon
as the listing requirements are met.
About Healthcare of Today, Inc.
Healthcare of Today 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
direct and indirect 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 IT, medical devices, healthcare
consulting, insurance, data security, biotechnology, and
alternative energy. For further information please visit
www.healthcareoftoday.com.
About SK3 Group, Inc.
SK3 Group offers a range of services in the healthcare industry.
In addition to offering the most valued healthcare services in the
industry today, including hospice care, the company provides
supportive healthcare business services. Further 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 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 no
responsibility or obligation may be assumed or exists to update the
information included herein for events occurring after the date
hereof.
Contacts: SK3 Group, Inc. Kelvin Pan (866) 963-2417 x 805
info@sk3groupinc.com www.sk3groupinc.com
SK3 (CE) (USOTC:SKTO)
Historical Stock Chart
From May 2024 to Jun 2024
SK3 (CE) (USOTC:SKTO)
Historical Stock Chart
From Jun 2023 to Jun 2024