It's All Hands on Deck at
Sugarmade to Meet Sriracha Seasoning Stix Demand
Citi of Industry, CA -- November 27, 2017 -- InvestorsHub
NewsWire -- Sugarmade, Inc. (SGMD) today announces significant
success for the Black Friday Weekend for Sriracha Seasoning Stix, a
new culinary seasoning technology, using the real Sriracha Hot
Chili Sauce from Huy Fong Foods, Inc. Over the weekend, new sales
records were achieved with revenues continuing to build moving into
Cyber Monday. As a result, Sugarmade is bringing in all staff to
assist with the hundreds of shipments that will need to go out each
day.
"All of us at Sugarmade are expecting a huge Holiday season for
Sriracha Seasoning Stix and Seasoning Stix. We are breaking all
records on our site at www.SrirachaStix.com," commented
Jimmy Chan, CEO of Sugarmade. "Our four blend gift packages are a
big hit for those looking for an innovative Christmas gift for
their favorite Sriracha lover or Foodie and our Stix inserter is
already on back order for later delivery. It's too early to predict
sales levels for the holiday season, but at this rate it will have
a significantly positive impact on our December quarter.
Fortunately, we are set up for high volume shipments and we have
been able to keep up with fulfillment with only minimal additional
temporary staff."
As a result of brisk online sales, the Company is continuing to
build inventory in anticipation of sales building further as the
heart of the Christmas sales season moves closer.
Sriracha Seasoning Stix are an innovative way to season meat,
fish, poultry and vegetables from the inside out, using the real
Sriracha Hot Chili Sauce from Huy Fong Foods, Inc. 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 is
inserted into food prior to cooking. During the cooking process,
Sriracha Seasoning Stix change from a solid to a liquid, infusing
delicious flavors from the inside out.
In addition to Sriracha Seasoning Stix, the Company is also
marketing several products from the Seasoning Stix product line
also, under license from Seasoning Stixs International, LLC.
Several other products are scheduled to be added to the
product portfolio available online at http://www.SrirachaStix.com.
About Sugarmade, Inc. (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 an 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 http://www.huyfong.com.
FORWARD-LOOKING STATEMENTS: This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such
as "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward looking
statements include, among others, statements relating to future
sales, earnings, cash flows, results of operations, uses of cash
and other measures of financial performance.
Because forward-looking statements relate to the future, they
are subject to inherent risks, uncertainties and other factors that
may cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited
to economic conditions, changes in the laws or regulations,
demand for products and services of the company, the effects of
competition and other factors that could cause actual results to
differ materially from those projected or represented in the
forward looking statements.
Any forward-looking information provided in this release should
be considered with these factors in mind. We assume no obligation
to update any forward-looking statements contained in this
report.
For inquiries please contact Sugarmade at (888)982-1628
or info@SrirachaStix.com .