SkyBridge Technology (SKGO) CEO Addresses 150 Million Share Reduction Program

NANCHANG, China, April 13 /PRNewswire-FirstCall/ - SkyBridge Technology Group, Inc. (SKGO; http://www.skybridgetechgroup.com/) announced on April 1 2010 its plans to proceed with a share reduction and or buyback program. The targeted amount is 150 million shares.

Ms. Yang Yu Fang, CEO of SKGO said "Many of our shareholders and followers do not relize the potential and the unexplored value of SKGO. For example as the acquisition of Jiangi Sanhe Technology Co. Ltd was not announced to the public until January 2010, the related year end numbers were not included in the year end results for SKGO. Sanhe retained earnings as at Dec 31, 2009 is in the significant amount of $1,655,371 USD. These will be reflected in the Q1 2010 Balance Sheet as Shareholder Equity along with the complete financial results for the Q1 2010 period. Our shareholders will be pleasantly impressed.

As for our share price we are not happy where it currently sits. I have remained in Toronto for a few days following the appearance of the Shareholder and Business Expo to meet with our advisors. We wish to explore various options available to us as a company to restore some value to SKGO. We believe this share buyback program is one of many steps we will undertake to see this remedied. We also wish to use this opportunity to thank Mr Barbee and the Shot In The Gas team for their wonderful and powerful presentation at the Conference.

To our shareholders we say we are with you and once our financials are posted plus some of the other measures we intend to shortly undertake, by all accounts SKGO values should realign and make a positive correction. We intend to post shortly our financial work sheet followed by our financial statements.

Our previously announced China based amalgamation plans continue.

We will report back to the markets in a timely manner"

For any matters relating to retail investor queries or to send the company or its IR a message please click on the "INVESTOR SUPPORT" TAB, or the 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

SOURCE SkyBridge Technology Group Inc.

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