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$SIPC Huge news! Sipp Industries Acquires KCN Capital, Set Stage for Future Growth
eTeligis - 4 mins ago
Costa Mesa, CA, United States, via ETELIGIS INC., 09/17/2014 - - Sipp Industries, Inc. (OTC Pink: SIPC) (PINKSHEETS:SIPC), a conglomerate corporation that specializes in technology, import export and distribution of commercial and consumer products, is pleased to announce today that it has executed a purchase agreement to acquire KCN Capital, LLC., to further develop its acquisition and distribution strategy.

KCN Capital is a boutique firm that specializes in capital formation, acquisition and distribution of consumer products. KCN will assist Sipp in sourcing for acquisition candidates, due diligence as well as securing the financing needed for the acquisitions.

The Company is currently in the process of exploring and performing due diligence on several other potential acquisitions candidates.

"Through acquisitions, we aim to build a conglomerate in the area of technology, import export and product distribution" said Syman Vong, Chief Executive Officer. "KCN with its annual revenue in excess of one million dollars is a good accretive acquisition. This is the one of several acquisitions we will pursue in the near term to broaden our operation as well as to enhance our shareholder values" added Vong.

About Sipp Industries, Inc.

Sipp Industries is a conglomerate corporation that specializes in technology, import export and distribution of commercial and consumer products. Our goal is to capture market share in both established and emerging markets. For more information, please visit http://www.sippindustries.com.