SIPP International Industries, Inc. to Acquire Controlling Interest in FVJ Holdings out of Osaka Japan
Acquisition to Generate Residual Revenues for SIPP within 3 Months
LAS VEGAS, Jan. 17, 2012 /PRNewswire via COMTEX/ -- SIPP International Industries Inc. (OTCBB: SIPN), a diversified holding company in the food and beverage, hospitality and medical technology industries announced today that they are in final stages of acquiring FVJ Holdings, a Japanese Consulting firm based in Osaka Japan. Upon completion of acquisition, SIPP International Industries will begin generating additional residual revenues within three months. FVJ is a Consulting firm that works directly with property owners, construction companies, architectural firms, banks and other financial institutions, specific to the hospitality industry.
FVJ currently has a pipeline of over 20 hotel projects or deals that they are working on from the Kansai region of Japan to the northern parts of Japan including a project in Sapporo which calls for a mixed use development project which will be a Condominium, Hotel and Retail project.
"This acquisition will really solidify our focus and presence in Japan," stated Gregg Pearson, Chairman and CEO of SIPP International Industries Inc. We intend to leverage Newport Creek as the management arm for many of these projects and can see tremendous positive synergy emerging." http://www.otcmarkets.com/stock/SIPN/news