SIPP Industries Inc. (SIPC) Completes Merger With Palm Beach Speciality Coffee
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/03/12 -- SIPP Industries Inc. (PINKSHEETS: SIPC) brings attention to its previous press release of April 27, 2011 where amongst other things the company announced its intentions to acquire Palm Beach Specialty Coffee LLC () as its sole main subsidiary.
The company is pleased to announce that it has completed the merger successfully.
Palm Beach Specialty Coffee (Palm) operates in USA and Canada. Palm USA operation dates back to mid 1990's and supplies espresso/cappuccino machines to a variety of distributors. The Canadian arm of the company works with distributors to help them purchase and place machines in businesses and stores to provide consumers with convenient and delicious espresso and cappuccino. Palm offers the very finest espresso/cappuccino machines, the finest service and prompt delivery.
SIPC board members have elected Mr Al Shavel as its CEO of both SIPC and Palm, with further appointments expected shortly. With this news and looks to update investors and shareholders on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of SIPP Industries Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. SIPP Industries Inc. cautions you that any forward-looking information provided by or on behalf of SIPP Industries Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. SIPP Industries Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SIPP Industries Inc.'s control. In addition to those discussed in SIPP Industries Inc.'s press releases, public filings, and statements by SIPP Industries Inc.'s management, including, but not limited to, SIPP Industries Inc.'s estimate of the sufficiency of its existing capital resources, SIPP Industries Inc.'s ability to raise additional capital to fund future operations, SIPP Industries Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SIPP Industries Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SIPP Industries Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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Datum: 03.01.2012 - 14:45 Uhr
Sprache: Deutsch
News-ID 1069592
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"SIPP Industries Inc. (SIPC) Completes Merger With Palm Beach Speciality Coffee
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SIPP Industries Inc. and Palm Beach Speciality Coffee (Nachricht senden)
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