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.
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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.
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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