Press Release
Healthcare of Today Announces Intention to File for NASDAQ ListingBURBANK, CA – December 14, 2009 – Healthcare of Today, Inc. announces that it has signed a letter of intent to merge with the publicly traded SK3 Group, Inc. (ticker symbol: SKTO) through a new consolidated holding company to be formed in Nevada under the Healthcare of Today name. This announcement follows Healthcare of Today’s recent acquisition of a controlling interest in SK3 Group.
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.
“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.
SK3 Group has two medical services divisions. Nurses On-Line is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. Nurses On-Line provides a 24/7 telephone triage system for employees and employers, which helps reduce overall exposure to financial risk and has been demonstrated to reduce reportable claims to insurance companies by as much as 61%. SK3 Group also markets preferred medical services through its facilitation partners to its PEO client base.
About Healthcare of Today
Healthcare of Today, formed in 2008, acquires and develops companies primarily within the healthcare industry. Through its many subsidiaries, Healthcare of Today owns and operates a number of vertically-integrated businesses including: adult stem cell research and development technology, advanced human tissue engineering, medical device technology, medical and home healthcare equipment sales, hospice care, residential care facilities for the elderly, home healthcare services, nurse and therapist staffing, healthcare information technology, healthcare consulting, insurance, medical billing, data protection and security.
This announcement is not an offer to sell any Healthcare of Today securities. Offers for any given security are made only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934.
Healthcare of Today press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements will be found in the company's Registration Statement to be filed with the SEC.
Media Contact:Lilly Ghahremani
1-866-963-2417 ext 802
mediacontact@healthcareoftoday.com
www.healthcareoftoday.com
Online newsroom: www.healthcareoftoday.com/MediaRoom