Sky440 Increases Authorized Common and Preferred Shares

- Company also Authorizes Increased Voting Rights for Class B Preferred Stock -

Irvine, CA, October 24, 2018 – Sky440, Inc. (OTC PINK: SKYF) announced today that effective October 18, 2018 the Company amended its Articles of Incorporation providing for an increase in the authorized common and preferred shares. As a result, the total authorized shares are 30 Billion (30,000,000,000), with 29 Billion (29,000,000,000) common shares authorized and One Hundred Million (100,000,000) preferred shares authorized. The par value per common share remains the same at $0.0001 per share. The par value per preferred share remains the same at $0.001 per share.

In addition, effective October 18, 2018, the Company authorized an amendment to its Articles of Incorporation providing for an increase in the voting rights for holders of the Company’s $.001 par value Class B Preferred Shares. Each holder of the Class B Preferred Stock shall have the right to ten thousand (10,000) votes per share of Class B Preferred Stock held of record by such holder.

The Company also announced that as of October 24, 2018, the Company is in the process of having its Regulation A Tier 1 Filing qualified. The Company originally filed its Regulation A Tier 1 Offering Circular with the Securities and Exchange Commission (“SEC”) on July 26, 2018. Under the terms of the filing, as amended, the Company is looking to raise $2,000,000 at $.0001 per share once the filing becomes effective. Details of the Regulation A Tier 1 Filing are available through the Company’s filings with the SEC at www.sec.gov.   

The increase in the total amount of authorized shares was necessitated by the number of shares required to be issued in the event the Company’s Regulation A Tier 1 Offering is fully subscribed at the current price point per share.

For detailed information about Sky440, please see our annual and quarterly filings which are posted at www.otcmarkets.com/stock/SKYF/disclosure. Additional information about Sky440 will be available soon on the Sky440 website at www.sky440.com and current updates are posted on Twitter at www.twitter.com/sky440inc.

About Sky440:

Sky440, Inc. (the 'Company') a development stage company headquartered at 300 Spectrum Center Drive, Suite 400, Irvine California 92618. As of October 24, 2018, the Company’s planned principal operations have commenced at a minimal level, but have not generated revenue therefrom, and as a result Sky440 continues to be classified as a development stage company. The primary objective of Sky440 is to develop two planned divisions: (i) a Products Development Division (the 'PD Division') and (ii) a Horticulture Development Division (the “HDD Division”). In our PD Division, our primary focus and planning has been in three general disciplines, (i) The planned development, manufacturing, sales and servicing of portable housing units; (ii) Planned acquisition and development of consumer-ready products utilizing direct response; and (iii) Planned product development including publishing, marketing and distribution. In our HDD Division, our primary focus and planning have been in five general disciplines: (i) The planned development, manufacturing, sales and servicing of our Grow Vessel product line; (ii) Planned ancillary branded products and consulting services; (iii) Planned compliance, payment processing, medical billing, information portals and other Internet-based services; (iv) The planned acquisition of real property, including the leasing and purchase of real estate; and (v) International opportunities, specifically in planned potential acquisitions of data related companies.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.