SK3 Group (PINK SHEETS: SKTO) recently announced that it has signed a letter of intent to merge with Healthcare of Today, Inc. through a new consolidated holding company to be formed in Nevada under the Healthcare of Today name.
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"I join Peter Bell (President of SK3 Group, Inc.) in being excited about this strategic alliance and the potential that exists in the synergies of these two companies," said Healthcare of Today, Inc. CEO Henry Jan. The letter of intent is non-binding and is subject to the preparation and execution of a definitive Agreement and Plan of Merger. The closing of the merger is conditioned upon a number of items to be included in the definitive agreement, including: SK3 shall be reinstated as a reporting company under Section 12g of the Securities and Exchange Act of 1934; The shareholders of Healthcare of Today and SK3 shall have approved the merger and consolidation as required by the respective laws of their places of incorporation. Healthcare of Today and SK3 shall have filed a Form S-4 registration statement with the SEC for the new consolidated holding company to register the shares to be issued in the merger, and that registration statement shall have been declared effective; Healthcare of Today and SK3 shall have filed a listing application for listing of the common shares of the new consolidated holding company on the NASDAQ stock market, and the application shall have been granted.
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