Skybridge Technology Group, Inc. (SKGO) Moves Textraw Factory to Florida
April 14 2011 - 3:55PM
Marketwired
SkyBridge Technology Group, Inc. (PINK SHEETS: SKGO)
(www.skybridgetechgroup.com) President/CEO Jeff Burns is proud to
announce that its Textraw International subsidiary
(www.textrawinternational.com) has moved its factory from Greer,
South Carolina to Brooksville, Florida.
The new 13,000-square-foot facility in Brooksville will provide
Textraw with the opportunity to grow to its full potential and
increase its capacity for distribution. As Florida is one of the
most reasonable states to ship product from, this new location will
reduce costs and increase efficiency, resulting in positive
spin-off effects for SKGO shareholders.
Negotiations are underway to build up Textraw's current network
of 70+ distributors throughout the southeastern seaboard. Burns
plans to position Textraw distributors within 100 miles of each
other from Florida to New Jersey. With the passing of new US laws
restricting the use of natural pine needles, and the proven sales
records of Textraw's patented product, the company sees that
Textraw has strong potential to be popular across the rest of the
United States.
Textraw is a synthetic pine straw for landscaping use. It is
made with recycled post-consumer scrap recovered from plastic milk
bottles and appears identical to fresh, natural straw. Textraw
maintains its color and fresh appearance for many years and does
not decompose, eliminating the need for biannual replacement and
pest-deterrence.
In other news and events, the company intends to shortly release
forward guidance on Textraw and its past activities and currently
pending orders which should assist SKGO shareholders in their
assessment of the recently announced merger. An OTCVerify report
will follow on SKGO as well.
More details will follow.
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future expectations, plans, prospects or performance of Skybridge
Technology Group Inc. that constitute forward-looking statements
for purposes of the Safe Harbor Provisions under the Private
Securities Litigation Reform Act of 1995. The words or phrases "can
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
control. In addition to those discussed in Skybridge Technology
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.
Skybridge Technology Group Inc.
Contacts: Investor Relations 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department
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