BROOKSVILLE, FLORIDA--(Marketwire - 04/19/11) - Skybridge Technology Group, Inc. (PINK SHEETS:SKGO - News) (http://www.skybridgetechgroup.com) and Textraw International (http://www.textrawinternational.com) announce that Textraw has completed installation of the Textraw product at the Tanglewood Condominiums at the Barefoot Golf Resort, North Myrle Beach, SC.
In April 2009, a devastating wildfire roared through the Tanglewood properties. In its wake, Barefoot's property management company OMNI Management Services (http://www.omni-property.com) decided that it would be their goal to keep all living in Tanglewood protected against future fires, and thus chose Textraw for its cost effectiveness and safety. While natural pine straw is immediately flammable, Textraw melts first, burning only with sustained exposure to flame.
SKGO President and CEO Jeff Burns stated, "We have successfully completed this contract, but we see this only as the beginning of our relationship with this new client. Upon reviewing the positive installation results of our patented product, the board of directors at OMNI is now considering Textraw for use at all of their properties. We are looking at new opportunities with OMNI."
Fire-resilient Textraw will last 7 to 10 years, unlike natural pine straw, which must be replaced twice a year. It will retain its color for years, thus adding value, beauty and safety with less maintenance for the community for years to come.
More details and developments will follow shortly.
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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.
Skybridge Technology Group Inc.
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