Company Moving Forward with Horticulture Development Division & Planned Acquisitions
Irvine, CA, June 21, 2018 (GLOBE NEWSWIRE) -- Sky440, Inc. (OTC PINK: SKYF) announced today that it has regained its current reporting status with OTC Markets and is moving forward with the development of its planned Horticulture Development Division, including the Grow Vessel product line, planned acquisitions, and joint ventures.
In addition, Sky440 is taking steps to solidify expected operations in its planned Product Development Division, which includes the anticipated acquisition of one or more products that will enhance planned operations in its Horticulture Development Division.
Further, the company has announced that now that it is current, as part of its planned updated administrative structure, Sky440 has no plans to institute a reverse stock split of its common stock at this time.
As Sky440 revises its administrative structure, moves forward with its planned acquisitions, joint ventures and the continued roll-out of its business plan, it expects to provide regular updates to the general public and its shareholders through press releases and updates on social media. In addition, now that Sky440 is current, the company is working with its vendors to have the long awaited updated web site uploaded as soon as possible.
In our planned Product Development Division (“PD Division”), our primary focus and planning has been in the three general disciplines, including: (i) The planning to develop, manufacture, sell and service portable housing units; (ii) the planning to acquire and develop consumer ready products utilizing direct response; and (iii) the planning for product development including publishing, marketing and distribution to support the Company's planned product lines.
In our HDD Division, our focus has been in five areas: (i) the planning for the development, manufacturing, sales and servicing of the Grow Vessel product line; (ii) planning for future ancillary branded products and consulting services; (iii) planning for incorporation of modern technologies for the Company to provide compliance, payment processing, medical billing, information portals and other Internet-based services; (iv) planning for the future acquisition of real property; and (v) planning for the potential expansion internationally.
Sky440 appreciates the continued patience and support of its shareholders during what has been a long process to regain its current status and be in a position to move forward in implementing its business plan. The company will make every effort going forward to keep its shareholders informed whenever possible as it takes the necessary steps to become a successful company.
For detailed information about Sky440, please see our annual and quarterly filings which are posted at www.otcmarkets.com/stock/SKYF/disclosure. Additional information about Sky440 will be available soon on the Sky440 website at www.sky440.com and current updates are posted regularly on Twitter at www.twitter.com/sky440inc.
Sky440, Inc. (the 'Company') a development stage company with two planned divisions: (i) a Products Development Division (the 'PD Division') and (ii) a Horticulture Development Division (the 'HDD Division'), is headquartered at 300 Spectrum Center Drive, Suite 400, Irvine California 92618. As of June 21, 2018, the Company's planned principal operations have commenced at a minimal level, but there has been no significant revenue therefrom. In our PD Division, our primary focus and planning has been in three general disciplines, (i) The planned development, manufacturing, sales and servicing of portable housing units; (ii) Planned acquisition and development of consumer-ready products utilizing direct response; and (iii) Planned product development including publishing, marketing and distribution. In our HDD Division, our primary focus and planning have been in five general disciplines: (i) The planned development, manufacturing, sales and servicing of our Grow Vessel product line; (ii) Planned ancillary branded products and consulting services; (iii) Planned compliance, payment processing, medical billing, information portals and other Internet-based services; (iv) The planned acquisition of real property, including the leasing and purchase of real estate; and (v) International opportunities, specifically in planned potential acquisitions of data related companies.
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.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
CONTACT: Sky440 Public Relations 1-855-759-4400 IR@sky440.com
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