Pennies to Dollars! (fka )

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SKGO puts out even more news at eod today. Also blogged about in Stockroach: http://www.stockroach.com/skgo-is-on-breakout-watch/#more-5334

SKGO news: Skybridge Technology Group, Inc. (SKGO) Moves Textraw Factory to Florida



BROOKSVILLE, FLORIDA, Apr 14, 2011 (Marketwire via COMTEX) -- SkyBridge Technology Group, Inc. (PINK SHEETS:SKGO) (www.skybridgetechgroup.com) President/CEO Jeff Burns is proud to announce that its Textraw International subsidiary (www.textrawinternational.com) has moved its factory from Greer, South Carolina to Brooksville, Florida.
The new 13,000-square-foot facility in Brooksville will provide Textraw with the opportunity to grow to its full potential and increase its capacity for distribution. As Florida is one of the most reasonable states to ship product from, this new location will reduce costs and increase efficiency, resulting in positive spin-off effects for SKGO shareholders.

Negotiations are underway to build up Textraw's current network of 70+ distributors throughout the southeastern seaboard. Burns plans to position Textraw distributors within 100 miles of each other from Florida to New Jersey. With the passing of new US laws restricting the use of natural pine needles, and the proven sales records of Textraw's patented product, the company sees that Textraw has strong potential to be popular across the rest of the United States.

Textraw is a synthetic pine straw for landscaping use. It is made with recycled post-consumer scrap recovered from plastic milk bottles and appears identical to fresh, natural straw. Textraw maintains its color and fresh appearance for many years and does not decompose, eliminating the need for biannual replacement and pest-deterrence.

In other news and events, the company intends to shortly release forward guidance on Textraw and its past activities and currently pending orders which should assist SKGO shareholders in their assessment of the recently announced merger. An OTCVerify report will follow on SKGO as well.