LAS VEGAS, March 15, 2012 /PRNewswire/ -- (OTCBB:
SIPN.PK), SIPP International Industries, Inc., the
diversified parent company to several divisions in the food,
medical, hotel and broadcasting industries, has secured its
necessary financing commitment from First Fidelity, Inc. (deposit
broker and small business advisor) for the manufacturing of the
SIPP product lines. First Fidelity, Inc. will be secured by
SIPP preferred shares which would collateralize Letters of Credit
issued to SIPP product manufacturers. The amount secured is
$2.8 million.
"It isn't a surprise that many start-up manufacturing companies
fail due to being under financed. This commitment from First
Fidelity ensures we can continue our rapid growth and added
shareholder value to SIPP," states Gregg
Pearson, Chairman of SIPP. "We have been entrenched in
product development and licensing and now we have assembled an
incredible line of products that are fully developed, ready for
manufacturing and distribution."
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 1
(800) 524 2565 or visit the 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
ir@sippiii.com
www.sippiii.com
SOURCE SIPP International Industries, Inc.