$Pistol Pete$, $Mick$ & Friends Stock Picks /news, DD and charts

[TommyBoyTrader9460]

Press Release: America Prepares to Reopen and Needs Sanitary and Non-Medical Personal Protective Supplies -- Sugarmade Receives $10 Million in New Orders
8:00 AM ET 5/6/20 | Dow Jones
Related Quotes


3:59 PM ET 5/5/20
Symbol Last % Chg
SGMD
0.00 0.00%
Real time quote.



NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- America Prepares to Reopen

and Needs Sanitary and Non-Medical Personal Protective Supplies --

Sugarmade Receives $10 Million in New Orders

NEW YORK, May 6, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade,

Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), today

announces the receipt of over $10 million in new orders for consumable

sanitary supplies and non-medical personal protective items, as America

prepares to get back to work. Businesses across the country that are

preparing to reopen face both the moral and legal obligations to protect

their workers and customers. Many are scrambling for supplies as part

of this re-opening process. Sugarmade's CarryOutsupplies.com operating

unit is benefiting via receiving purchase orders in excess of $10

million.

"We have never seen anything like this situation. We believe we are in a

unique situation relative to the re-opening of America," commented Jimmy

Chan, CEO of Sugarmade. "Approximately two months ago we began importing

consumable sanitary supplies and non-medical personal protective gear.

As it turns out, this was a wise move. We sold out of nearly all of what

we received. Fortunately, we have the sourcing and trans-Pacific

logistical experience to bring in much larger quantities to help meet

the insatiable demand that is developing as business, universities, and

government institutions order supplies to protect their workers and

customers. We have a lot more product in the supply chain that will soon

be headed to our customers."

Over the past 15 years of operations, Sugarmade has gained considerable

experience relative to sourcing paper and consumable products from Asian

factories and importing these products into the United States. The

Company has drawn on these experiences and industry contacts to identify

multiple factory sources that indicate a willingness to supply millions

of dollars of products to Sugarmade. By way of this experience, the

Company believes it will be able to facilitate the movement of the huge

amounts of supplies that companies and government entities are now

demanding as they begin to execute plans to re-start operations.

Mr. Chan continued, "America is getting back to work and we are here to

help with many of the supplies businesses and other institutions are

demanding. We are quickly expanding our sourcing and importing efforts

to help U.S. businesses and other institutions protect their employees

and provide safe working environments. While the gating factor in

filling these orders, over the short term, will be the availability of

air freight, we also believe we are well position relative to the longer

term as our considerable experience in trans-Pacific logistics is

brought to bear."

Investors, the public, and other interested parties are advised to

reference the Company's recent filing with the U.S. Securities &

Exchange Commission on Form 8-K concerning these events and to reference

other disclosures and risk factors outlined in other filings put forth

by the Company, which are available on the Commission's website and via

other resources.

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing

company investing in operations and technologies with disruptive

potential. Our Brand portfolio includes

https://www.globenewswire.com/Tracker?data=IegdWlf5-O0e8uqJLjk51vPhFv6F68_1m-726MsUFsiHwSGTFmjb7E1XjsK4VMo8H3op055olGJv656L6ifbzMMT3GsQcy4ATt__LEXoyfOlium5QtwT8jSgWmP3muE_uLA8ozCHavZYo0ce983OfJRzrR8KkNVM-oPzyu5snNQ=

CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more

information please reference www.Sugarmade.com.

https://www.globenewswire.com/Tracker?data=IegdWlf5-O0e8uqJLjk51mwwEqxCmPpYEosgZ3ceslm2I-zMY2lG8fME-gyEeSPDu8kbmQ9ieC--VXjStL-Nify9ah10MReY5I0FVIy_wj_4OJe83SWS8018A81wNpXhHshAmDDRD-Dkm0bw9t0st7-edFeq4bn1AvKIiDZC7Ks=

CarryOutSupplies.com specialized in Sanitary supplies and disposable

take out supplies for the food service industry, we are all about having

the assurance of quality products, competitive pricing and reliable

customer service.

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking

statements" within the meaning of the safe harbor provisions of the U.S.

Private Securities Litigation Reform Act of 1995. Forward-looking

statements also may be included in other publicly available documents

issued by the Company and in oral statements made by our officers and

representatives from time to time. These forward-looking statements are

intended to provide management's current expectations or plans for our

future operating and financial performance, based on assumptions

currently believed to be valid. They can be identified by the use of

words such as "anticipate," "intend," "plan," "goal," "seek," "believe,"

"project," "estimate," "expect," "strategy," "future," "likely," "may,"

"should," "would," "could," "will" and other words of similar meaning in

connection with a discussion of future operating or financial

performance. Examples of forward looking statements include, among

others, statements relating to future sales, earnings, cash flows,

results of operations, uses of cash and other measures of financial

performance.

Because forward-looking statements relate to the future, they are

subject to inherent risks, uncertainties and other factors that may

cause the Company's actual results and financial condition to differ

materially from those expressed or implied in the forward-looking

statements. Such risks, uncertainties and other factors include, among

others. such as, but not limited to economic conditions, changes in the

laws or regulations, demand for products and services of the company,

the effects of competition and other factors that could cause actual

results to differ materially from those projected or represented in the

forward looking statements.

Any forward-looking information provided in this release should be

considered with these factors in mind. We assume no obligation to update

any forward-looking statements contained in this report.

Corporate Contact:

Jimmy Chan

[phone]

https://www.globenewswire.com/Tracker?data=krRvNHlNZ3Gn00wiSJ-W40GAGvWFAmGvNJvFbW5jtf4hXNGR6fakXb5A0wxzJPoiScYwofVI71wRlizgGM4fgwopAtiuY_wAdpn16Grxc78=

[e-mail]

Corporate Communications:

InvestorBrandNetwork (IBN)

Los Angeles, California

https://www.globenewswire.com/Tracker?data=JVlkeyEuc2im2kA7FldaDXBtxSz6iyT814SpyRdUBqnmiEnER0WlQQwEdf5Ya2ewZ9qxtA935Oq52aGiCS3293pKtjBnw-rPNQpL3T0UUv_cco_jXiopbyWYv5yms23l

www.InvestorBrandNetwork.com

310.299.1717 Office

https://www.globenewswire.com/Tracker?data=-PthaAe09_UfiI_V3Y9PUOY-ny0Msldsk0D_FSF1RzTHQe50Wukb5GP64L0Rdpc1x-B-30mdgKQPJfWASXSuQzPio0fqStE8U1Z4xfYnqvEfJCp_Thb675n9vSymYA1f_43eCa_3rKWa4lCb6cT0rBYj-S_PS-RdPhmilGqKZPOTLeUc36zTzJJLmA-mb_3i2nKevdYADY3KW4Zj2vACOhVUbyKK8ma0osSEValjL7F-QbUsRZs4z67KnprSt8FIOjHzkO6OSVeKrFPLnN6xQB3Yzms3QqyRbjjCNlo8PkolgM_NBXiEcC2bAcrpUUJL

[e-mail]





> Dow Jones Newswires

May 06, 2020 08:00 ET (12:00 GMT)

$sgmd