SIPP Industries, Inc.
PINK SHEETS : SIPC

October 11, 2010 07:46 ET

Sipp Industries, Inc. (SIPC) Evaluates Possible Merger with Premier Beverage Company

(RMDM) RMD Entertainment Group Beneficial Recipient

HENDERSON, NEVADA--(Marketwire - Oct. 11, 2010) - Sipp Industries, Inc. (PINK SHEETS:SIPC) is providing the following update to its shareholders and followers.

  1. SIPC recently came out of a custodianship and filed its financials on OTCMarkets-10Q Edgar
  2. SIPC is currently engaged in a proposed merger with a premier beverage manufacturer, Cooper & Porter, Inc. (CP). RMDM Entertainment Group, as the beneficial owner of CP, will be paid in cash and stock for the assets of CP by SIPC. RMDM intends to make a separate announcement regarding the use of proceeds.
  3. SIPC is in the process of arranging satisfactory debt to complete this acquisition.
  4. SIPC will shortly launch a new web site http://www.sippindustries.com/ in concert with this anticipated new merger.
  5. SIPC is also looking to amalgamate with HKBV Beverages to absorb its Coffee Business division. HKBV intends to make a separate announcement regarding the use of proceeds, and how this will affect its shareholders. 

Cooper & Porter (http://www.cooper-porter.com/) is a manufacturer based in Brooksville, Florida. The Company has two subsidiaries, United Liquor Alliance and United Beverage Alliance. United Liquor Alliance is the owner of a proprietary technology known as HyperAging, a process by which dark liquor is aged in a fraction of the time of traditional aging. United Beverage Alliance has access to the cleanest and purest water source available, which is bottled and sold under the brand name "Youth".

Shane Cooper, CEO of Cooper & Porter says, "We are excited about a possible merger with SIPC. We originally planned an IPO strategy but the costs associated and new laws being put in place don't fit with our desire to move now. We are on the edge of major product launches beginning with our newly branded water "Youth". The advantages of being publicly traded will help us secure the funding needed for our tremendous growth. We plan to be as transparent as possible with our updated business model and plans for growth to insure our shareholders have the knowledge necessary to buy with confidence."

SIPC management respectfully requests its shareholders and followers not to contact any representative of CP until the transaction is complete.

Jeff Allen, IR for SIPC said, "Just so that our followers are clear on the process, SIPC is working hard with its solicitors to complete the merger documents and handle both RMDM and HKBV matters. Both RMDM and HKBV shareholders have seen some of their values eroded for some ex-management mishandlings of certain matters. As an IR and MA firm, we are of the opinion that this merger and amalgamation will restore some of these eroded values of the shareholders of these issuers. 

We caution the readers that merger opportunities are presented to various compatible issuers and each issuer bids for acquisition of the assets, and in no way does this constitute a "done deal" until such time that all the paperwork is completed."

The management of interim of SIPC feels that this is a significant and a material event in the company that requires a public announcement.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of SIPP Industries 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 cautions you that any forward-looking information provided by or on behalf of SIPP Industries 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 SIPCcontrol. 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, SIPC'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 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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