Sanhe Tech (SKGO) Signs Investment Memorandum with US Investors

NANCHANG, China, March 15 /PRNewswire-FirstCall/ - SkyBridge Technology Group, Inc. (SKGO; http://www.skybridgetechgroup.com/) announces that its Chinese subsidiary Jiangxi Sanhe Science and Technology Co., Ltd. (Sanhe Tech; http://hgc11149.chinaw3.com/) signed Investment Memorandum with a group of US Investors. Ms. Yang Yu Fang CEO said, "This deal with US investors dates prior to the Sanhe merger in SKGO and has been in the works for months. The deal called for Sanhe principals to visit to the USA, in the middle of the merger process with SKGO and for US investors to visit the company.

Under the terms of the agreement; the investors and the company signed Investment Memorandum and intend to commit $5 million USD into Sanhe Tech.

Sanhe Tech will use this investment to expand their production to meet the market demand for Plastic Lumber in the USA. The company already started negotiation with the local government for land purchase to expand company facilities. The company expects to close this land purchase in good time and the results will be announced shortly.

Ms. Yang Yufang, concluded, "As a publicly traded company we are gaining tremendous exposure on the international market and this is one of the results. Our facility already reaches its maximum capacity and we need to move forward to satisfy market demand. Sanhe entered into expansion mode and we look forward to increase our profits, our company's market value and value for the investors."

Jiangxi Sanhe Science and Technology Co., Ltd. produces and distributes environmentally friendly and recyclable 'plastic wood'. This environmental product doesn't hold any toxic residues of benzene, ammonia or formaldehyde, and it's entirely environmentally friendly. This product suits flooring, ceilings, internal and external wall panels, furniture, and other urban and rural installations. The company products hold ISO9001-2000 quality certification and ISO14001-2004 environmental certification and the company received Jiangxi Province High-Tech Enterprise Certificate in 2006.

This US investment in Sanhe does not encumber SKGO share structure in any way, shape or form. All the share structure of SKGO with this investment remains undisturbed.

The company reminds our shareholders and followers to monitor PinkSheets.com Filing Section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/. Non-newsworthy events are not press released however posted on these two separate support sites to keep our followers advised of day-to-day events. For any matters relating to retail investor queries or to send us the company directly a message please click on the "INVESTOR SUPPORT" TAB or this direct link http://www.minamargroup.net/helpdesk.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of SkyBridge Technology Group Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. SkyBridge Technology Group Inc. cautions you that any forward-looking information provided by or on behalf of SkyBridge Technology Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. SkyBridge Technology Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SkyBridge Technology Group Inc.'s control. In addition to those discussed in SkyBridge Technology Group Inc.'s press releases, public filings, and statements by SkyBridge Technology Group Inc.'s management, including, but not limited to, SkyBridge Technology Group Inc.'s estimate of the sufficiency of its existing capital resources, SkyBridge Technology Group Inc.'s ability to raise additional capital to fund future operations, SkyBridge Technology Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SkyBridge Technology Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SkyBridge Technology Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,http://www.minamargroup.net (IR); For (M&A) and Corporate Matters, http://www.minamargroup.com

SOURCE SkyBridge Technology Group Inc.

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