Costa Mesa, CA, United States, via ETELIGIS INC., 09/17/2014 - - Sipp Industries, Inc. (OTC Pink: SIPC) (PINKSHEETS: SIPC), a conglomerate corporation that specializes in technology, import export and distribution of commercial and consumer products, is pleased to announce today that it has executed a purchase agreement to acquire KCN Capital, LLC., to further develop its acquisition and distribution strategy.
KCN Capital is a boutique firm that specializes in capital formation, acquisition and distribution of consumer products. KCN will assist Sipp in sourcing for acquisition candidates, due diligence as well as securing the financing needed for the acquisitions.
The Company is currently in the process of exploring and performing due diligence on several other potential acquisitions candidates.
Through acquisitions, we aim to build a conglomerate in the area of technology, import export and product distribution said Syman Vong, Chief Executive Officer. KCN with its annual revenue in excess of one million dollars is a good accretive acquisition. This is the one of several acquisitions we will pursue in the near term to broaden our operation as well as to enhance our shareholder values added Vong.
About Sipp Industries, Inc.
Sipp Industries is a conglomerate corporation that specializes in technology, import export and distribution of commercial and consumer products. Our goal is to capture market share in both established and emerging markets. For more information, please visit http://www.sippindustries.com.
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 management's plans and objectives for future operations.In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. 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 management's control. Sipp Industries, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
CONTACT:
Sipp Industries, Inc.
Investor Relations
949.220.0435
ir@sippindustries.com
www.sippindustries.com
SOURCE: Sipp Industries, Inc.