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SIPP International Industries, Inc. Completes $2.8 Million Secured Financing

 
 

SIPP International Industries, Inc. and First Fidelity, Inc., a diversified deposit broker and small business advisor, have come to terms on the future financing structure of the SIPP product lines.

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.

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RELATED LINKS
http://www.sippiii.com

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