Sipp Industries Signs Letter of Intent to Acquire Minority Stake
in Wanderport Corporation, Enhancing Product Selection
Sipp Industries Diversifies Specialty Hemp Beverage Line with
the Addition of Sapas Premium Coffee Blends to its Portfolio of Top
Quality Hemp Beverages
COSTA MESA, CA(InvestorsHub NewsWire August 16, 2017) 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 partnership with Wanderport
Corporation (OTC: WDRP), initially established to supply Wanderport
with premium bulk hemp seed and oil, has advanced with a signed
Letter of Intent for a minority stake in Wanderport
Corporation.
According to the terms of the agreement, Sipp Industries will be
able to diversify and enhance the Companys reach into the growing
marketplace by adding Sapa CoffeeTM product line to its current
selection of CBD and Hemp derived products. As interaction
advances, Sipp Industries is structured to contribute to Sapas
retail distribution efforts in Colorado and other states.
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.
Demand continues to strengthen for Wanderport, with considerable
gains in retail order flow both on and offline. Sapas Hemp and CBD
Coffee blends continue gaining acceptance, fueled by growing
momentum from re-occurring sales coupled with broadening dispensary
and retail distribution. Orders from Amazon and other online shops
have resulted in a steady increase in sales quarter over quarter so
far.
We are very optimistic about the lucrative nature of this
reciprocal relationship. We believe that the synergies empower both
companies to enhance their respective positions in this evolving
and increasingly competitive industry, stated Ty Cha, CEO of
Wanderport Corporation.
Of the initial Major Hemp Brown Ale orders placed by Sipps
distributor, inventory was rapidly sold out. The latest reorder has
been placed by Colorado Craft Distributors and is expected to be
fulfilled this week.
Sipp has embarked on discussions with potential brewer and
distribution partners in California for the introduction of Major
Hemp Brown Ale into that market, and continues the exploration of
bottling and canning options for national distribution. Following
the successful establishment of 30 locations currently severing
Major Hemp Brown Ale in the Denver area, expectations are high.
This is a great opportunity for both companies to collaborate
for a strengthened respective position. The timing is excellent,
and we believe that working together we can reach further, achieve
more, and do it more efficiently. stated Sipp Industries Chief
Executive Officer, Syman Vong.
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.wanderportstore.com, 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