LAS VEGAS, Jan. 31, 2012 /PRNewswire/ -- SIPP
International Industries Inc. (OTCPK: SIPN), the diversified parent
company to several divisions in the food, medical, hotel and
broadcasting industries announced today that the company
anticipates strong growth in 2012. The growth will be fuelled
by $4.2 million in short-term
accounts receivables, the latest acquisition of Newport Creek
Hospitality's growing list of hospitality management contracts,
SIPP products distribution, and through television exposure driven
by the launch of the "Chef Homer Lee Thomas
Show." SIPP International Industries (SIPP)
anticipates Newport Creek Hospitality to generate profit margins up
to 50 percent on all hotel property management contracts.
Currently, Newport Creek Hospitality has three hotel management
contracts in Japan.
"We are in a unique position to be able to leverage our
executive staff and infrastructure to keep our overhead costs at a
minimum and profit margins at a higher level," stated Mr. Pearson,
CEO and Chairman of SIPP. "Additionally we know that once we reach
critical mass in any region, the profit margins from our management
fees increase exponentially. We anticipate a strong 2012 partially
fuelled by our credit arrangements with First Fidelity, Inc., our
planned SIPP products distribution, television productions, and
Chinas emerging market in the hotel sector," concluded Mr.
Pearson.
SIPP anticipates this number to increase dramatically into
China, other neighbouring
countries, and the US in 2012. Growth is anticipated due to the
company actively seeking hotel opportunities in the areas of third
party management contracts or through acquisitions or leases.
SIPP Recent Headline News:
SIPP International Industries, Inc. to Acquire Controlling
Interest in FVJ Holdings out of Osaka
Japan (Jan 17)
SIPP International Industries, Inc. to Accelerate Revenues with
Acquisition of Cutting-Edge Biological Anti-terrorism Technology
(Jan 4)
SIPP International Industries, Inc Adds $4.2 Million to Short-term Accounts Receivables
(Dec22)
SIPP International Industries, Inc Acquires Hotel Management
Company with 3 Additional Hotel development and Management
Contracts in Japan (Dec 14)
A New Audio Interview With SIPP International Industries, Inc
Chairman and CEO, Gregg Pearson, is
Now at SmallCapVoice.com (Dec 8)
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, the Z-CAC Controlled Atmosphere Container,
La Bon Table Productions of the Chef Homer
Lee Thomas Show/ Dax Glanzrock Producer, SIPP Affiliated
Medical Products, and Newport Creek Hospitality.
Authorized: 250,000,000
Issued :
28,872,244
Restricted : 18,859,916
Float
: 10,012,328
For more information please contact Investor Relations at
ir@sippiii.com
Please visit company web site at www.sippiii.com
Safe Harbour 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
info@sippiii.com
ir@sippiii.com
SOURCE SIPP International Industries, Inc.