COSTA MESA, Calif., June 9, 2015 /PRNewswire/ – Sipp Industries, Inc. (OTC Markets: SIPC), a diversified conglomerate corporation specializing in technology and distribution of consumer products, announces the formation of a new business unit dedicated to serving the growing Hemp industry.
The new Sipp Industries Hemp unit will have large-volume Hemp ingredients available including: Toasted Hemp Seeds, Hulled Hemp Seeds, Hemp Protein Powder, Cold-Pressed Hemp Oil, and Purely Refined Hemp Oil. Each ingredient will be available in both Organic and Natural. These Hemp ingredients can be used in various applications from packaged Hemp products, nutritional bars, smoothies, salad dressings, body creams and moisturizers.
"Hemp is in high demand especially in market segments such as Food & Beverage and Nutritional Supplements," stated CEO Syman Vong. "We have witnessed many new Hemp infused products coming to market such as Hemp-infused energy drinks, Hemp meal replacements and Hemp body creams. We anticipate this trend to continue and intend be the one-stop shop for U.S.-based high-volume commercial consumers and manufacturers of Hemp products."
Current estimates of retail Hemp sales in the U.S. exceeds $300 million per year and growing. As of today and for the foreseeable future, there is no current commercial production of Hemp in the U.S. and the market is dependent upon imports.
"There are a number of customs procedures, documentation and costs related to importing Hemp. Part of the value we deliver is taking care of this process for our customers by providing a fast, easy, and reliable method to order large volume of Hemp," noted CEO Syman Vong.
Sipp Industries will be providing further updates regarding the online store, product availability, ancillary services and branding for the new Hemp unit. "We've already experienced cross selling opportunities with our Advanced Plasma Lighting and Hemp related products, so we're excited to add Hemp to our product portfolio," stated CEO Syman Vong.
Prior to the launch of Sipp's online store, parties interested in bulk hemp ingredients and current availability and pricing are encouraged to email [email protected].
About Sipp Industries, Inc.
Sipp Industries is a conglomerate corporation that specializes in technology and distribution of commercial and consumer products. For more information, please visit 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 management's 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 management's control.
SOURCE Sipp Industries, Inc.