Pinguin
06-05-2006, 10:53 PM
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SkyBridge Technology Group, Inc. ``SBTG'' Announces Taking Its Subsidiary (Sierra Pacific Aviation, Inc.) Public and Issuance of Stock Dividend to SBTG Shareholders
via COMTEX
Jun 5, 2006 9:00:00 AM
LAS VEGAS, Jun 05, 2006 (BUSINESS WIRE) --
SkyBridge Technology Group, Inc. (Formerly SkyBridge Wireless, Inc.) (OTC:SBTG) Board of Directors has announced today that they have approved its wholly owned subsidiary, Sierra Pacific Aviation, Inc. to become a public company. Sierra Pacific Aviation, Inc. will become a Publicly traded Pink Sheet company.
"We anticipate that Sierra Pacific Aviation, Inc. will complete the process of becoming a publicly traded company in the 1st quarter of 2007 after the year end audit," stated James Wheeler, CEO of SkyBridge Technology Group, Inc.
In addition shareholders of SBTG stock will receive a common stock dividend. All SBTG shareholders of record as of June 19, 2006, will receive one share of Sierra Pacific Aviation, Inc. for every 20 shares of SkyBridge Technology Group, Inc. common stock that they own at close of business on June 19, 2006. The shares will be issued once Sierra Pacific Aviation, Inc. has completed its Pink Sheet filings. "We are excited to issue this dividend to our loyal shareholders and show our appreciation," stated Wheeler.
About Sierra Pacific Aviation, Inc.
Sierra Pacific Aviation is a Service Company that offers Advanced Flight Training, Aircraft Brokerage, Consulting to the Aircraft Industry, and counseling and placement services. The Aviation Service Industry is a niche market that the Company believes will allow for continued growth and profitability.
About SkyBridge Technology Group, Inc.
SkyBridge Technology Group, Inc. has re-organized its business model and is currently looking for additional acquisitions in the Aviation and Telecom/Wireless Fields. The company website offers additional information: www.sbtginc.com.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
SOURCE: SkyBridge Technology Group, Inc.
SkyBridge Technology Group, Inc. (Formerly SkyBridge Wireless Inc.) James Wheeler, 702-897-8704 info@sbtginc.com investor@sbtginc.com http://www.sbtginc.com or Sierra Pacific Aviation http://www.sierrapacificaviation.com
Copyright Business Wire 2006
SkyBridge Technology Group, Inc. ``SBTG'' Announces Taking Its Subsidiary (Sierra Pacific Aviation, Inc.) Public and Issuance of Stock Dividend to SBTG Shareholders
via COMTEX
Jun 5, 2006 9:00:00 AM
LAS VEGAS, Jun 05, 2006 (BUSINESS WIRE) --
SkyBridge Technology Group, Inc. (Formerly SkyBridge Wireless, Inc.) (OTC:SBTG) Board of Directors has announced today that they have approved its wholly owned subsidiary, Sierra Pacific Aviation, Inc. to become a public company. Sierra Pacific Aviation, Inc. will become a Publicly traded Pink Sheet company.
"We anticipate that Sierra Pacific Aviation, Inc. will complete the process of becoming a publicly traded company in the 1st quarter of 2007 after the year end audit," stated James Wheeler, CEO of SkyBridge Technology Group, Inc.
In addition shareholders of SBTG stock will receive a common stock dividend. All SBTG shareholders of record as of June 19, 2006, will receive one share of Sierra Pacific Aviation, Inc. for every 20 shares of SkyBridge Technology Group, Inc. common stock that they own at close of business on June 19, 2006. The shares will be issued once Sierra Pacific Aviation, Inc. has completed its Pink Sheet filings. "We are excited to issue this dividend to our loyal shareholders and show our appreciation," stated Wheeler.
About Sierra Pacific Aviation, Inc.
Sierra Pacific Aviation is a Service Company that offers Advanced Flight Training, Aircraft Brokerage, Consulting to the Aircraft Industry, and counseling and placement services. The Aviation Service Industry is a niche market that the Company believes will allow for continued growth and profitability.
About SkyBridge Technology Group, Inc.
SkyBridge Technology Group, Inc. has re-organized its business model and is currently looking for additional acquisitions in the Aviation and Telecom/Wireless Fields. The company website offers additional information: www.sbtginc.com.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
SOURCE: SkyBridge Technology Group, Inc.
SkyBridge Technology Group, Inc. (Formerly SkyBridge Wireless Inc.) James Wheeler, 702-897-8704 info@sbtginc.com investor@sbtginc.com http://www.sbtginc.com or Sierra Pacific Aviation http://www.sierrapacificaviation.com
Copyright Business Wire 2006