MIAMI, FLORIDA--(Marketwire - 12/15/09) - SK3 Group, Inc. (PINK SHEETS:SKTO - News) announced today that it has signed a letter of intent to merge with Healthcare of Today, Inc. (www.healthcareoftoday.com) through a new consolidated holding company to be formed in Nevada under the Healthcare of Today name.
The letter of intent is non-binding and is subject to the preparation and execution of a definitive Agreement and Plan of Merger. The closing of the merger is conditioned upon a number of items to be included in the definitive agreement, including:
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1. SK3 shall be reinstated as a reporting company under Section 12g of the
Securities and Exchange Act of 1934;
2. The shareholders of Healthcare of Today and SK3 shall have approved the
merger and consolidation as required by the respective laws of their
places of incorporation.
3. Healthcare of Today and SK3 shall have filed a Form S-4 registration
statement with the SEC for the new consolidated holding company to
register the shares to be issued in the merger, and that registration
statement shall have been declared effective;
4. Healthcare of Today and SK3 shall have filed a listing application for
listing of the common shares of the new consolidated holding company on
the NASDAQ stock market, and the application shall have been granted.
"I join Peter Bell (President of SK3 Group, Inc.) in being excited about this strategic alliance and the potential that exists in the synergies of these two companies," said Healthcare of Today, Inc. CEO Henry Jan.
Healthcare of Today (http://www.healthcareoftoday.com), based in Burbank, California, is a vertically-integrated healthcare holding company. Founded in 2008, Healthcare of Today has acquired a number of businesses, many of them within the senior care industry. Its 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 information technology, medical equipment, healthcare consulting, insurance, and more.
About SK3 Group, Inc.
SK3 Group has two divisions that provide medical related services to its customers. Nurses On-Line is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. Nurses On-Line provides a 24/7 telephone triage system for employees and employers, which helps reduce overall exposure to financial risk and has been demonstrated to reduce reportable claims to insurance companies by as much as 61%. SK3 Group also markets preferred medical services through its facilitation partners to its PEO client base.
Corporate 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 of the Company 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 the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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