Sipp Industries Signs Definitive Agreement to Acquire
Minority Stake in Wanderport Corporation, Jointly Introduces New
Hemp Beer
COSTA MESA, CA -- September 26, 2017 -- InvestorsHub NewsWire --
Sipp Industries, Inc. (OTC:
SIPC), a multifaceted corporation specializing in technology,
manufacturing, and distribution of commercial and consumer products
is pleased to announce that the Company has signed the definitive
agreement to acquire a minority stake of Wanderport Corporation
(OTC:
WDRP) via a stock swap.
Per the terms of the agreement, the Company will receive twenty
five million restricted common shares of Wanderport Corporation in
exchange for twenty five million restricted common shares of Sipp
Industries.
We are a strong believer of synergistic collaboration and
partnerships. We are confident that our collective efforts will
result in quality products and services which will benefit the
consumers and industry as a whole. We look forward to working with
Wanderports team in all future endeavors, commented Syman Vong, CEO
of Sipp Industries.
As part of a joint venture, the two companies will collaborate
to increase production of Major Hemp Brown Ale (MHBA) and expand
its distribution beyond Colorado, starting with California. The
Company has identified a local distributor who can place MHBA into
establishments in Southern California. Effort is underway to secure
and ship the initial order to start the expansion process.
The Company has also been working with a California craft
brewery to produce and package MHBA in kegs, cans and bottles for
nationwide distribution. As part of the process, the Company has
initiated the design of the labels which it expects to submit to
TTB sometime next month for approval.
Furthermore, Sipp and Wanderport will jointly produce a new beer
flavored with Hemp Coffee which the companies expect to launch next
quarter. A test batch of CBD Coffee beers will also be brewed for
evaluation and will be made available for distribution if
approved.
We are excited to work with Wanderport in executing the
expansion plan for our Hemp beer. Our Major Hemp Brown Ale has been
receiving rave reviews and is now ready for broader distribution.
We look forward to working with the California brewery and
Wanderport to make our great tasting beers available everywhere,
commented Ted Jorgensen, President of Major Hemp, Sipp Industries
wholly owned subsidiary.
Our various flavors of Hemp Sapa CoffeeTM have been selling well
both on and off line with great reviews. Coffee flavored craft
beers have always been popular so we are very optimistic that our
new Hemp Coffee beer will be well received. We could not be more
pleased than to work with a partner like Sipp Industries to launch
this new product, stated Ty Cha, Wanderport Chief Executive
Officer.
Sipp Industries Major Hemp Brown Ale is currently being sold in
over thirty locations in Denver, Colorado area.
Wanderports Sapa CoffeeTM product line consists of Hemp coffee
in five flavors, including Colombian Supremo, Decaf Colombian
Supremo, Italian Roast Espresso, Hazelnut and French Vanilla. Its
CBD coffee is available in the Colombian Supremo, Decaf Colombian
Supremo and Italian Roast Espresso flavors. The coffees are being
sold on Amazon and Sapa CoffeeTM online store.
About Wanderport Corporation
Wanderport Corporation is a premier distributor of food,
beverages and consumer products made with hemp. Its premium quality
coffee blends are currently being sold in a growing number of
grocery stores and small businesses in the Southern California
territory. Its products are also sold online at www.sapacoffee.com and www.amazon.com. For more
information, please visit http://www.wanderportcorp.com.
About Sipp Industries, Inc.
Sipp Industries is a multifaceted corporation that specializes
in technology, manufacturing and distribution of commercial and
consumer products. Through its wholly owned subsidiary, Major Hemp,
the Company provides high quality and competitively priced hemp
based products, bulk hemp, CBD supply, co-packing and private
labeling services.
Website: http://www.sippindustries.com
Facebook: https://www.facebook.com/SippIndustries
Twitter: @SippIndustries
Forward Looking Statements:
This release contains forward-looking statements within the
meaning of Section 27a of the Securities Act of 1933, as amended
and section 21e of the Securities and Exchange Act of 1934, as
amended. Those statements include the intent, belief or current
expectations of the company and its management team.
Forward-looking statements are projections of events, revenues,
income, future economics, research, development, reformulation,
product performance or managements plans and objectives for future
operations. Some or all of the events or results anticipated by
these forward-looking statements may not occur. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. Accomplishing the strategy described herein is
significantly dependent upon numerous factors, many that are not in
managements control.
Contact:
Ted Jorgensen
Major Hemp President
Sipp Industries, Inc.
Investor Relations
ir@sippindustries.com
949.220.0435
