LAS VEGAS, Jan. 17, 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 they are in final stages of acquiring FVJ Holdings, a Japanese Consulting firm based in Osaka Japan. Upon completion of acquisition, SIPP International Industries will begin generating additional residual revenues within three months.
FVJ is a Consulting firm that works directly with property owners, construction companies, architectural firms, banks and other financial institutions, specific to the hospitality industry.
FVJ currently has a pipeline of over 20 hotel projects or deals that they are working on from the Kansai region of Japan to the northern parts of Japan including a project in Sapporo which calls for a mixed use development project which will be a Condominium, Hotel and Retail project.
"This acquisition will really solidify our focus and presence in Japan," stated Gregg Pearson, Chairman and CEO of SIPP International Industries Inc. We intend to leverage Newport Creek as the management arm for many of these projects and can see tremendous positive synergy emerging."
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 Homer Lee Thomas Show), Cell Robotics Lazette 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.
SOURCE SIPP International Industries, Inc.
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