BROOKSVILLE, FLORIDA--(Marketwire - 04/15/11) - Skybridge Technology Group, Inc. (PINK SHEETS:SKGO - News) (www.skybridgetechgroup.com) is proud to announce that its Textraw International subsidiary (www.textrawinternational.com) has been contacted by Busch Gardens about using Textraw's patented product in its amusement parks.
SKGO President/CEO Jeff Burns says Textraw was contacted by Joe Parr, the horticulture director of Busch Gardens' (www.buschgardens.com) Tampa, FL park, about using Textraw in their landscaping. Textraw is a synthetic pine straw that is made with recycled post-consumer scrap recovered from plastic milk bottles and appears identical to fresh, natural straw. The park has been ground-testing Textraw's patented product for the last two years. The results are now in, and Textraw has passed with flying colors.
Parr is negotiating pricing and stated that he would like to supply all of the company's parks with Textraw. One caveat was related to the price of shipping the product from Textraw's former facilities in Greer, South Carolina to the park in Tampa, Florida; however, with the recent relocation of Textraw's factory to Brooksville, Florida, this deal now looks promising.
The retail sale of pine needles is a multi-million-dollar industry in the southeastern United States. Pine needles are used for landscaping, in which they function as ground cover, replacing mulch. Contractors also spread them at building sites to reduce soil disturbance by equipment. The amount of money spent on landscaping has tripled in the last five years, creating an exciting industry with lots of room for expansion and growth.
In other company news, SKGO is in the process of subscribing to OTC Markets filing service, which should become effective within the next 7 to 10 days. The company will start releasing information thorugh this service, and should raise its OTC Markets tier status from "Stop" to "Yield" shortly. Until the OTC filing service is unlocked, the company intends to release important updates using its IR representative's website over the course of the weekend (April 16-17, 2011). SKGO management urges its followers to review company filings @ http://www.minamargroup.net/support/index.php?_m=downloads&_a=view.
More details to follow.
Safe Harbor Statement
Information in this news release may contain statements about 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.
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