MOMO'S BREAKOUT BOARD

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SKTO - SK3 Group's Hospice Subsidiary Expands Across Southern California
On Tuesday March 16, 2010, 9:33 am EDT

MIAMI, FL--(Marketwire - 03/16/10) - SK3 Group, Inc. (Pinksheets:SKTO - News) announces that Angels of the Valley Hospice Care (http://www.angelsofthevalleyhospice.com/) now offers complete palliative services at its Artesia, California branch, the company's second location. This extends Angels of the Valley's hospice care coverage into Artesia, Long Beach, and Orange County. The original Montrose location currently offers care to patients across the greater Los Angeles area.

The hospice industry is predicted to grow favorably in the coming years as more patients use the service, and experience longer stays. This growth is the result of a number of factors, including a rising public awareness of the service, which allows patients to focus on comfort and quality of life, rather than curative treatments, supported by an interdisciplinary team of professionals. Hospice is an attractive option for patients because charges per day are substantially lower than hospitals and skilled nursing facilities. A recent report published by the Department of Health and Human Services indicates that reimbursement rates for Medicare and Medicaid hospice patients will increase as of January 2010. Labor statistics further support the growth of the industry: since April 2009, the demand for professionals in the hospice industry has increased by 314%, despite the economic recession.


http://finance.yahoo.com/news/SK3-Groups-Hospice-Subsidiary-iw-3137496587.html?x=0&.v=1