SKTO Announces Stock Dividend of AEGY Shares
MIAMI, FL -- (Marketwired) -- 05/28/13 -- SK3 Group, Inc. (OTC Pink: SKTO) today announces that it will be distributing 100 million common shares of Alternative Energy Partners, Inc (OTCBB: AEGY) to its shareholders of record at the close of business on the date of filing of a registration statement to register the shares to be distributed. The AEGY shares which will be distributed represent the consideration SKTO will receive from AEGY for the recently granted exclusive marketing agreement under which AEGY will be the exclusive on-line and smart phone ordering platform for the medical marijuana collectives managed through SKTO. SKTO will receive the AEGY common shares as soon as AEGY has completed the amendment to its Articles of Incorporation to increase its authorized common shares, a process which is already underway.
The shares to be distributed to the SKTO shareholders must be registered with the SEC (SCUR) and applicable state securities regulators before the shares can be distributed, which is expected to take several weeks. The shareholders of SKTO who will receive the AEGY common shares will be determined based on the shareholders of record of SKTO at the date the registration statement is first filed with the SEC, and will take place as soon as that registration statement is declared effective. The number of shares of common stock of AEGY to be distributed to each SKTO shareholder will be based on the total number of SKTO shares issued and outstanding at the record date, and the distribution will be made pro rata based on the applicable voting power of the outstanding SKTO stock.
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.
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Source: SK3 Group, Inc.