SK3 Group, Inc.

SK3 Group, Inc.

April 05, 2011 09:02 ET

SK3 Group (SKTO) To Acquire Northwood's Village Assisted Living

MERRITT ISLAND, FLORIDA--(Marketwire - April 5, 2011) - Today SK3 Group, Inc. (PINK SHEETS:SKTO) announces that it has signed a definitive agreement to acquire Northwood's Village Assisted Living, LLC of Tomahawk, Wisconsin.

Northwood's Village is a planned assisted living facility intended to meet the healthcare needs of a rapidly-growing senior demographic in a region that has too few such facilities. A recent study from the University of Wisconsin-Extension Lincoln County indicates that the area's aging demographic curve is ahead of the United States as a whole.

Northwood's Village is to be housed in the building and grounds of the former Sacred Heart Hospital. The building and parking areas of the proposed Northwood's Village campus encompass more than one city block and includes approximately 100,000 square feet under roof. A Community Development Block Grant applied for by the Lincoln County Economic Development Agency identified the facility as an excellent candidate for redevelopment.

Marc Lietha, President of Northwood's Village, says, "This development project has the potential to create important, long-lasting jobs as well as offer a haven for the seniors of the community. Our plan is to do so while revitalizing a cherished regional asset that will contribute to this unique living environment for our clients."

While the majority of the space will be dedicated to quality assisted living facilities, plans for Northwood's Village also include an international travel nurses agency and training center, associated community services, and an Emergency Disaster Center. In addition, American Red Cross personnel have toured the facility and indicated potential for it to be stocked and staffed by the American Red Cross.

This acquisition is the fourth recently-announced addition to SK3's growing portfolio of healthcare businesses. Today's announced acquisition, along with the acquisition of W&M Medical Management, Inc., PRN Registry, and HealthStaff Training Institute, is another step in the execution of the company's previously announced plans to become the healthcare services and facilities portfolio for parent company Healthcare of Today

SK3's Kelvin Pan says, "Northwood's business plan is aligned well with SK3's mission to include the most dynamic healthcare services and facilities, particularly those responsive to the needs of our senior population. Northwood's Village will allow us to expand our services reach into a new Midwestern market while supporting the establishment of a vertically-integrated assisted living system on a scale never seen before in the region."

SK3 Group, Inc.

SK3 Group offers a range of comprehensive health care services to meet its clients' needs. The SK3 Group of healthcare services and facilities includes PRN Registry (, HealthStaff Training Institute (, and W&M Medical Management. By providing excellent services to both medical professionals and the individuals they care for, SK3 Group is making its mark in the healthcare industry today. For more information please visit


This announcement is not an offer to sell any SK3 Group ("SKTO") securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of SKTO may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding SKTO's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Also, our management may make forward-looking statements orally to investors, analysts, the media and others. Forward-looking statements express our expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond our control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of our forward-looking statements in this report or in any other public statements we make may turn out to be wrong. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

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