|By Marketwired .||
|February 7, 2013 11:12 AM EST||
NEW YORK, NEW YORK -- (Marketwire) -- 02/07/13 -- SIPP Industries Inc. (PINKSHEETS:SIPC) - SIPC www.sippindustries.com is pleased to furnish its followers and shareholders with this positive general corporate update.
-- SIPC and the incoming merger company Spectre Worldwide is expected to execute the definitive agreement (merger agreement) within the next 7 to 10 business days. The merger is expected to be fully completed without any further advance notice. -- This is a significant event for the company. The anticipated event has caught the attention of many industry and company followers alike. The company is currently finalizing all the logistics. The definitive agreement will follow with a CEO Interview. The details of that interview including the audio content will be released as a separate release and announcement, together with links. -- SIPC current line of business is in the hot beverage industry, namely the procurement B2B space. The Palm Beach Coffee company has no plans of changing directions with this new merger. SIPC plans are to operate both the hot beverage B2B business, expand it further and enter into the private luxury liquor business with Spectre. -- SIPC plans to launch a new web site outlining the business activities of both operating subsidiaries in concert with the merger definitive agreement announcement.
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More details will follow on a timely and frequent 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.
SIPP Industries Inc.
Mr. William Von Lieberman
CEO in transition