SK3 Group, Inc. Announces Plans to Become a Fully Reporting Company
June 03 2010 - 11:56AM
Marketwired
SK3 Group, Inc. (PINK SHEETS: SKTO) announces that it has signed a
definitive agreement to merge with Eneftech Corporation
("Eneftech") to become a fully reporting company. The transaction
is subject to approval of the shareholders of SK3 Group ("SK3") and
Eneftech.
Following the merger of SK3 and Eneftech, the surviving entity
will be Eneftech Corporation, which is currently in its final
stages of becoming a fully reporting company and amending its
corporate name to Healthcare of Today Services, Inc. Upon closing
of the merger, shareholders of record of SK3 will receive 1 common
share of the surviving entity for each 300 shares of SK3 currently
held, and also will receive 1 share of common stock of SK3's parent
Company, Healthcare of Today, Inc. (HOTI), for each 1,000 shares of
SK3 common stock held pre-merger, which will be done after the
merger. SK3 currently has 150 million shares of common stock
authorized and 138,191,303 shares issued and outstanding.
The merger will be closed on the effectiveness of a registration
statement for the shares to be issued in the merger. The
registration statement will be filed as soon as the required audits
of the financial statements of all of the constituent companies
have been completed, a process which is already underway. Following
completion of the merger, the surviving entity will be the
identified healthcare services, facilities, education and health
plan holding portfolio for Healthcare of Today.
Eneftech has recently signed a definitive agreement to acquire
W&M Medical Management, Inc. ("W&M"), a medical services
and supply company selling and distributing directly to hospitals.
Founded in 2004, W&M provides full service medical management
contracting to pulmonary departments, offering personnel management
through respiratory therapist staffing. It also offers medical
supplies and equipment for direct sale to hospitals, surgical
centers, convalescent homes, and state facilities. W&M's client
list includes Tri-City Regional Medical Center, the California
Department of Corrections and Rehabilitation, and Bellflower
Medical Center.
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
This announcement is not an offer to sell any SK3 Group owned
company securities. Offers for any given security are made only
through applicable offering circulars and related supplements filed
with the SEC pursuant to Section 13(a), 13(c) or 14 of the
Securities Exchange Act of 1934.
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
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