Sugarmade Prepares to Revolutionize the Seasoning and Spice
Industry
City of Industry, CA -- September 14, 2017 -- InvestorsHub
NewsWire -- Sugarmade, Inc. (OTCQB:SGMD),
today announces an important product expansion within the $13
billion global seasoning and spice industry via the signing of an
Letter of Intent to significantly expand its product line and to
acquire some of the seasoning industrys most important patents.
Sugarmade today announces the signing of a Letter of Intent with
Seasoning Stix International, LLC to acquire the marketing rights
to all Seasoning Stix products. The LOI also includes an option to
purchase the entire company, its assets and rights to the three
issued U.S. patents behind the Seasoning Stix products.
Even though, according to industry analysts, the $13 billion
market for seasonings continues to grow at nearly 5% per year,
there have very few new product introductions in decades. We think
Sugarmades initiative with Seasoning Stix can changes this dynamic.
We are already successful marketing the Sriracha Seasoning Stix
version of this product, with real Huy Fong Foods Sriracha Hot
Chili Sauce, but through this pending arrangement we will be able
to significantly expand our product offerings to potentially
hundreds of additional blends, commented Jimmy Chan, CEO of
Sugarmade.
Under the terms of the proposed agreement, Sugarmade will
immediately begin marketing all of the additional Seasoning Stix
blends, which will significantly expand the number of products
offered by Sugarmade and its revenue base. Additionally, Sugarmade
will be placing a number of large orders to build the inventory
needed to meet expected demand.
Mr. Chan continued, This intellectually property is very
flexible and we feel represents the first revolution on the
seasoning market in decades. With the Seasoning Stix technology the
combination of blends is limited only by our imaginations. We will
even be able to encapsulate other leading seasoning and spice
blends into Seasoning Stix representing an entirely additional
potential revenue stream for Sugarmade.
Seasoning Stix are an innovative way to season meat, fish,
poultry and vegetables from the inside out. The product is so
unique it has been awarded three U.S. patents. The Stix are made of
seasoning and spices that are formed into a solid stick that are
inserted into food prior to cooking. During the cooking process,
Seasoning Stix change from a sold to a liquid, infusing flavor from
the inside out.
About Sugarmade, Inc. (OTCQB:SGMD)
Sugarmade, Inc. is a product and brand marketing company
investing in products and brands with disruptive potential.
Sugarmade is a party to a license with Huy Fong Foods, Inc. and has
and agreement with Huy Fong Foods, Inc. to use the licensed marks
for the limited products and purposes permitted by the license.
Seasoning Stix are protected by three issued U.S. patents, which
are utilized by Sugarmade under agreement from Wyoming-based,
Seasoning Stixs International, LLC. For more information on the
Company's products, please visit http://www.Sugarmade.com. Information on Sriracha
Seasoning Stix can be viewed at http://www.SrirachaStix.com. Information on Huy Fong
Foods, Inc. can be view at www.huyfong.com.
For inquiries please contact Sugarmade at (888) 982-1628 or
info@SrirachaStix.com.
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