SIPP International Industries, Inc. (SIPN: OTC Link) | SIPP International Industries, Inc. Adds $4.2 Million to Short-Term Accounts Receivables

SIPP International Industries, Inc. Adds $4.2 Million to Short-Term Accounts Receivables

Dec 23, 2011

OTC Disclosure News Service

Las Vegas, NV –

SIPP International Industries, Inc. Adds $4.2 Million to Short-Term Accounts Receivables

Las Vegas, NV. – December 22, 2011—SIPP International Industries Inc. (OTCBB: SIPN), a diversified company in the food, hotel and broadcasting industries, is pleased to report the company has added an additional $4.2 million in short-term accounts receivables. The receivable comes in the form of a note secured by the Intellectual properties (patents, trademarks licensing agreements, etc,) of the Cell Robotics brand Infant Lasette, the Cell Robotics Pathology Work Station, the Cell Robotics Imaging Work Station, the Cell Robotics Derma Laser, the Laser Tweezers and Laser Scissors.   

The Management of SIPP is currently discussing plans to reorganize the technology and products to be introduced in 2012 related to the newly acquired intellectual properties under this agreement. “The recent addition of $4.2 million in short-term receivables will enhance our financial position in 2012 and show a greater value of our company. This receivable is one of our many possible and diversified revenue streams.” states Gregg Pearson, Chairman of SIPP International Industries, Inc.

About SIPP International Industries, Inc.:

SIPP International Industries, Inc. is the holding company for “au” Le Cadeau Natural Mountain Spring Water, La Bon Table Gourmet Dinner Entrees, the Z-CAC Controlled Atmosphere Container, La Bon Table Productions (the Chef Homer Lee Thomas Show), the Cell Robotics Infant Lasette and affiliated medical products, and Newport Creek Hospitality.

For more information please contact Investor Relations at (973) 351-3868 or visit http://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: 

Investor Relations:

Taylor Capitol, Inc. 

Stephen Taylor 

(973) 351-3868

info@thestockalerts.com

www.thestockalerts.com

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SIPN/news?id=40432

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