IRVINE, Calif., May 16, 2014 /PRNewswire/ -- Sky440, Inc. (OTC
PINK: SKYF), a development stage company, announced today that it
has begun preparations to file its 2013 Annual Report, including
financial statements for the past two years and through the first
quarter of 2014, which should result in the company regaining its
current status on the OTC Pink Marketplace. The company is working
on the development of its Sky Technologies and Sky440 Products
divisions, and plans to look at potential acquisitions in the
electronics, equipment and commercial real estate sectors to
further that development, including exploring the potential
acquisition of similar assets in the Cannabidiol (CBD) and Medical
Marijuana (MMJ) industries.
As of May 16, 2014, the company
had 1,567,922,087 common shares issued and outstanding. The public
float, those shares being held in street name, known as "CEDE", is
393,708,963 shares. The total restricted shares are 818,427,996.
The total non-restricted shares are 749,494,091, including those in
CEDE. Other than management, who own approximately 52% of the
common stock issued and outstanding, and whose stock is considered
affiliate/control stock and is not available for resale, there are
no other affiliates and/or control persons connected to the
company. The company has not issued any shares since early
2009.
About Sky440:
Sky440, Inc. (OTC: SKYF), is a publicly traded development stage
company with two initial divisions, Sky Technologies, which plans
to focus on the distribution and marketing of electronic related
products and services, including the development of new
technologies; and Sky440 Products, which plans to focus on the
acquisition of small technology and technology related companies in
the electronics, equipment and commercial real estate sectors,
including the acquisition of similar assets in the Cannabidiol
(CBD) and Medical Marijuana (MMJ) industries.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's reports and filings at
http://www.OTCMarkets.com.
SOURCE Sky440, Inc.