LAS VEGAS, March 26, 2012 /PRNewswire/ -- SIPP International
Industries, Inc. (OTCBB: SIPN), a diversified holding company in
the food and beverage, hospitality and medical technology
industries, announced today that it is in the process of looking
for hotel acquisitions on the west coast of the United States to complement its strategies
in Japan.
SIPP now holds the majority interest in FVJ Japan, which is
involved in identifying and facilitating hotel new build and
redesign projects. We have a project that should be underway toward
the end of the 3rd Quarter. As a result of our new build activity
in Japan and our emerging
confidence in the recovery of the hotel industry, we are pleased to
announce our renewed commitment of hotel acquisitions. We have
teamed up with financial partners and are in the process
of putting together proposals and offers on multiple hotels,
primarily on the West Coast of the United
States," states Chairman of SIPN Gregg Pearson.
"Acquisitions of this type are strategically aligned for our
overall vision of the company and we will participate in the
holding of the hard asset of the hotels improving shareholder
equity and benefitting from immediate cash flow which is critical
for our company at this stage," continued Pearson.
SIPP Recent Headline News:
http://finance.yahoo.com/q/h?s=SIPN.PK+Headlines
About SIPP International Industries, Inc.:
SIPP International Industries, Inc. is the holding company for:
"au" Le Cadeau Natural Mountain Spring Water, La Bonne Table
Gourmet Dinner Entrees, La Bon Table Productions of the Chef
Homer Lee Thomas Show/ Dax Glanzrock
Producer, Z-CAC Controlled Atmosphere Container, SIPP Affiliated
Medical Products and Newport Creek Hospitality.
SIPP, now in its post research & development stages, is a
uniquely diversified company with a stable of products in the Food,
Beverage, Television Productions, and Medical Products lines.
It was the vision of the company founders that La Bon Table
Productions be the vehicle to launch its products campaign.
The founders also believed that by utilizing their television
broadcast capabilities, the possible product exposure to the
consumer via in house productions, direct response ads, and
infomercials would be the springboard to gain the initial consumer
and brand awareness which is sorely needed in product launches
today.
Below is the current share structure of SIPP International
Industries, Inc.
|
Authorized:
|
250,000,000
|
|
Issued:
|
28,872,244
|
|
Restricted:
|
18,859,916
|
|
Float:
|
10,012,328
|
For more information please contact Investor Relations at
ir@sippiii.com
Please visit company web site at 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:
SIPP International Industries, Inc.
Investor Relations
1 800 524 2565
info@sippiii.com
ir@sippiii.com
SOURCE SIPP International Industries, Inc.