SIPP International Industries, Inc. reported that the Company added an additional $4.2 million in short-term accounts receivables. The receivable comes in the form of a note secured by the Intellectual properties (patents, trademarks licensing agreements, and more) of the Cell Robotics brand Infant Lasette, the Cell Robotics Pathology Work Station, the Cell Robotics Imaging Work Station, the Cell Robotics Derma Laser, the Laser Tweezers, and Laser Scissors. SIPP International Industries is a diversified company in the food, hotel, and broadcasting industries.
Company Management is currently discussing plans to reorganize the technology and products to be introduced in 2012 related to the newly acquired intellectual properties under this agreement.
Mr. Gregg Pearson, Chairman of SIPP International Industries, Inc., stated, “The recent addition of $4.2 million in short-term receivables will enhance our financial position in 2012 and show a greater value of our company. This receivable is one of our many possible and diversified revenue streams.”
Headquartered in Las Vegas, Nevada, SIPP International Industries is the holding company for “au” Le Cadeau Natural Mountain Spring Water, La Bon Table Gourmet Dinner Entrees, the Z-CAC Controlled Atmosphere Container, La Bon Table Productions (the Chef Homer Lee Thomas Show), the Cell Robotics Infant Lasette and affiliated medical products, and Newport Creek Hospitality.
SIPP reported last week that the Company has completed their acquisition of Newport Creek Hospitality Corp. This includes contracts to develop and manage hotels in Japan. SIPP anticipates generating revenue from this acquisition in the first quarter of 2012. The first of three new hotel projects is being completed in the first quarter of 2013. Upon completion of each hotel, SIPP International Industries will manage the locations. They will receive monthly revenues for the duration of the contracts via their newly acquired subsidiary. The first hotel located in Fujinomiya, Japan will hold 150 full service rooms.
For more information visit: www.sippiii.com
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