SKY440 INC (OTCMKTS:SKYF) disclosed that it is moving forward with execution of its business program and is set to begin launch of its Products and Marijuana Divisions. For the purpose, it will bring the company on current status on the OTC Markets platform, a mission that has been witnessing groundwork for well over a year.
The division
Products Division has been an integral part of the SKY440 since inception. The company intends to expand it in order to cover direct response marketing. It will associate with existing firms, including firms active in the electronics sector, and help in expanding profile and revenue for outstanding products. The plan of direct response marketing is meant to get an immediate response through internet marketing and television. It will be from the side of customers on various aspects like whether to place an order, request information or opt-in to a database.
Marijuana segment
SKY440’s Marijuana segment is executing a branded plan that will incorporate real estate and online assets along with marijuana related products. Although there are certain legal uncertainties, the management believes recent regulatory advancements have resulted in an attractive opportunity for market entry. The company sees considerable synergies between its two prime segments and intends to expand its businesses both internationally and domestically through organic growth. It also wants to acquire existing entities to get the benefits of a public company.
The risk
SKY440 INC (OTCMKTS:SKYF) said that it will provide additional updates as it makes progress with its business plan. As of now, it seems that the stock prices are driving up on speculation. There are no press releases and the company released its last financial report for 2H2008. The old report stated that the company had total assets of $35. No revenue was generated in the six months while net loss for the period was $678,000. The total liabilities were $904,000.
