LAS VEGAS, Dec. 22, 2011 /PRNewswire/ -- SIPP
International Industries, Inc. (OTCBB: SIPN), a diversified company
in the food, hotel and broadcasting industries, is pleased to
report the company has added an additional $4.2 million in short-term accounts receivables.
The receivable comes in the form of a note secured by the
Intellectual properties (patents, trademarks licensing agreements,
etc,) of the Cell Robotics brand Infant
Lasette, the Cell Robotics Pathology Work Station, the Cell
Robotics Imaging Work Station, the Cell Robotics Derma Laser, the
Laser Tweezers and Laser Scissors.
The Management of SIPP is currently discussing plans to
reorganize the technology and products to be introduced in 2012
related to the newly acquired intellectual properties under this
agreement. "The recent addition of $4.2
million in short-term receivables will enhance our financial
position in 2012 and show a greater value of our company. This
receivable is one of our many possible and diversified revenue
streams," states Gregg Pearson,
Chairman of SIPP International Industries, Inc.
About SIPP International Industries, Inc.:
SIPP International Industries, Inc. is the holding company
for "au" Le Cadeau Natural Mountain Spring Water, La Bon Table
Gourmet Dinner Entrees, the Z-CAC Controlled Atmosphere Container,
La Bon Table Productions (the Chef Homer
Lee Thomas Show), the Cell Robotics Infant Lasette and
affiliated medical products, and Newport Creek Hospitality.
For more information please contact Investor Relations at (973)
351-3868 or visit http://www.sippiii.com.
Safe Harbor Statement:
Statements about the Company's future expectations and all
other statements in this press release other than historical facts,
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that
such forward-looking statements be subject to the safe harbors
created thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact:
Investor Relations:
Taylor Capitol, Inc.
Stephen Taylor
(973) 351-3868
info@thestockalerts.com
www.thestockalerts.com
SOURCE SIPP International Industries, Inc.