Skybridge Technology Group Inc. (SKGO) Provides Information on Textraw Core Business and Plans
October 28 2010 - 1:39PM
Marketwired
Skybridge Technology Group Inc. (PINK SHEETS: SKGO)
(www.skybridgetechgroup.com) and Textraw provide an update on the
Textraw merger in a recording from Mr. Mike Barbee. Mr. Barbee, VP
Sales and Marketing for both, SKGO's subsidiary Shot In The Gas,
and the SKGO's merger candidate Textraw, offered insights into the
Textraw operation, as Textraw merger negotiations are progressing
smoothly.
Textraw currently has 72 distributors throughout the southern
United States. The demand for the Textraw synthetic agricultural
product steadily increases. A single company recently ordered $1.5
million worth of the Textraw product.
Textraw started using 100% recycled plastic, instead of a blend,
to produce their product. The company plans on moving its operation
to Spring Hill, Florida. The company will be able to do their
shipping from Florida and deliver to the company's 15 master
distributors, and plans to set up new distribution centers.
Listen to the recording @ http://www.minamargroup.com/skgo and
see "Mike Barbee Addresses Textraw."
Textraw produces synthetic pine straw from recycled plastics,
making this company a green company. This revolutionary new product
designed for landscaping has a much higher burn temperature than
natural pine straw, which allows landscapers the ability to use
this product in markets that have outlawed original pine straw due
to posing a significant fire hazard (several southern states have
passed laws making it illegal to use the original pine straw).
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Technology Group Inc. that constitute forward-looking statements
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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
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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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