BROOKSVILLE, FLORIDA--(Marketwire - April 15, 2011) - Skybridge Technology Group, Inc. (PINK SHEETS:SKGO) (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.
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Skybridge Technology Group, Inc.