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SkyBridge Technology Group (SKGO) Reports Second Quarter Financials

SkyBridge Technology Group, Inc. (PINK SHEETS: SKGO) (http://www.skybridgetechgroup.com/) is pleased to disclose the financial statements for the second quarter, January 1 - June 30, 2010 period. These financials reflect Shot In The Gas Subsidiary only, as Sanhe Tech management takes a stand against the current value of the company's security and will not provide public with its financial statements.

At the end of Q2, the company's revenues totalled $6,300, with a net income deficit of $22,000. The company did not expect to accrue positive revenues at this time, since the company and both subsidiaries are in the start-up phase. All profits were reinvested into company growth, product development and marketing. With regards to subsequent quarters, as Shot In the Gas recently signed a marketing and distribution agreement, the company anticipates a move towards growth and accelerating revenues.

The company reminds its followers of the upcoming CEO address which will be posted by Monday August 2 on SKGO' IR web site www.minamargroup.com/skgo. The company wants to share its enthusiasm with its followers and unveil the corporate vision and plans moving forward. In addition the company brings attention to already announced upcoming shareholder teleconference.

Financial reports are now available on Pink Sheets for a review.

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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.