SIPP International Industries, Inc. Prepares for Strong Revenue
SIPP International Industries, Inc. Prepares for Strong Revenue Growth
SIPP International Industries, Inc. Projects Fifty Percent Profit Margin on all Newport Creek Hospitality Management Contracts
LAS VEGAS, Jan. 31, 2012 – 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
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.
Issued : 28,872,244
Restricted : 18,859,916
Float : 10,012,328
Please visit company web site at http://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.
SIPP International Industries Inc.
1 800 524 2565
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SIPP International Industries, Inc.
Web Site: http://www.sippiii.com