SK3 Group Inc. (SKTO)

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Concorde Gruppe and Healthcare of Today to Build the First Stem Cell Research and Treatment Facility in RomaniaFont size: A | A | A
2:46 PM ET 5/17/10 | Marketwire
Concorde Gruppe GmbH ("Concorde Gruppe") and Healthcare of Today, Inc. jointly announce that Concorde Gruppe has secured EUR50 Million Euros from its own funds, Private Investors, the European Community, and Institutional Investors, to build the first stem cell research and treatment facility in Romania.

Concorde Gruppe and Healthcare of Today will work together to establish a 200,000 sq. foot state-of-the-art stem cell research center to be surrounded by a 460,000 sq. foot treatment facility. The facility will be managed and operated by Healthcare of Today through SK3 Group, Inc. (Ticker symbol: SKTO.pk), which has been tapped to be the facilities and services holding portfolio of Healthcare of Today. CEO of Healthcare of Today, Henry Jan says, "We are excited to grow our facilities offerings in the international arena, and are committed to bringing our best biotechnology to Romania and the patients who come there."

The funding to be provided for the project is larger than the $50M amount originally included in the Letter of Intent announced in February between Concorde Gruppe and Healthcare of Today (www.healthcareoftoday.com). Concorde Gruppe's Managing Director Alex Taranu says, "Healthcare of Today is positioned to bring cutting edge healthcare technology and treatments to Romania. We are proud to build this new venue for Healthcare of Today where their specialists can continue their advanced research while offering patients compelling new treatment options."

The facility will be located in Adunatii Copaceni, Romania, ten miles south of Bucharest.

ABOUT CONCORDE GRUPPE

Concorde Gruppe GmbH is a holding company with four subsidiaries, operating on four continents: Groupe Concorde Developments Inc., handling Real Estate Developments; Concordia Asset Management, providing Asset Management for institutional and personal clients; Concorde Capital, an investment banking and investment advisory firm; and Concorde New Energy - developer of alternative green energy.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and no responsibility or obligation may be assumed or exists to update the information included herein for events occurring after the date hereof.

Contacts:
Concorde Gruppe GmbH
Diana Metiu
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