MIAMI, FL–(Marketwired – Jun 24, 2013) – SK3 Group, Inc. (OTC Pink: SKTO) announces that the previously reported merger of the company into its wholly-owned subsidiary, that was approved by the Board of Directors of the company, will result in the SKTO shareholders receiving three shares of Medical Greens, Inc. (“Medical Greens”) common shares for each common share of SKTO held. The Medical Greens shares to be issued in the merger will be registered with the SEC and applicable state securities regulators. The parent-subsidiary merger was approved by the Board of Directors and does not require shareholder approval under state law. Medical Greens will be the surviving entity in the merger and as part of the transaction will request a new trading symbol from FINRA and a new CUSIP number.
Under the terms of the merger, shareholders of SKTO will be required to turn in their certificates for SKTO common shares in order to receive a new certificate for Medical Greens common shares.
SK3 is a healthcare logistics and fulfillment consultancy focused on the delivery of alternative care and medicine. With seasoned management, breakthrough technology and best practices, SK3 brings standardization and transparency to this rapidly growing segment of the alternative care field.