Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE Sky440, Inc.
---SKY440 CONTINUES DEVELOPMENT OF SKY TECHNOLOGIES AND SKY440 PRODUCTS DIVISIONS---
IRVINE, Calif., May 16, 2014 /PRNewswire/ -- Sky440, Inc. (OTC PINK: SKYF), a development stage company, announced today that it has begun preparations to file its 2013 Annual Report, including financial statements for the past two years and through the first quarter of 2014, which should result in the company regaining its current status on the OTC Pink Marketplace. The company is working on the development of its Sky Technologies and Sky440 Products divisions, and plans to look at potential acquisitions in the electronics, equipment and commercial real estate sectors to further that development, including exploring the potential acquisition of similar assets in the Cannabidiol (CBD) and Medical Marijuana (MMJ) industries.
As of May 16, 2014, the company had 1,567,922,087 common shares issued and outstanding. The public float, those shares being held in street name, known as "CEDE", is 393,708,963 shares. The total restricted shares are 818,427,996. The total non-restricted shares are 749,494,091, including those in CEDE. Other than management, who own approximately 52% of the common stock issued and outstanding, and whose stock is considered affiliate/control stock and is not available for resale, there are no other affiliates and/or control persons connected to the company. The company has not issued any shares since early 2009.
Sky440, Inc. (OTC: SKYF), is a publicly traded development stage company with two initial divisions, Sky Technologies, which plans to focus on the distribution and marketing of electronic related products and services, including the development of new technologies; and Sky440 Products, which plans to focus on the acquisition of small technology and technology related companies in the electronics, equipment and commercial real estate sectors, including the acquisition of similar assets in the Cannabidiol (CBD) and Medical Marijuana (MMJ) industries.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
©2012 PR Newswire. All Rights Reserved.