From the company`s Quarterly Report,there is such a huge potential for SIPN. The company`s various businesses are projected to bring in north of $95M in revenues and an estimated gross profit of $48M.
Let`s do some basic math. $48M of revenues for 10M shares on the public float. We are talking $4.80 of revenue per share on the float. SIPN trades at $0.02 right now.
Recent news from the company.
April 30th, 2012: SIPP International Industries, Inc. Announces Federal Vendor Number Secured LAS VEGAS, April 30, 2012 /PRNewswire via COMTEX/ — SIPP International Industries, Inc., (PINKSHEETS: SIPN) parent company to four divisional entities has announced today that they have received a Federal Vendor number to begin selling (through bid process) their beverage, medical products, and their Z-CAC Controlled Atmosphere Container to U. S. government agencies.
“In obtaining our Federal number, it will allow us to advertise and brand our products and services directly with city, state and federal purchasing agencies,” states Gregg Pearson Chairman of SIPP. “Our main focus will be to concentrate on the food service needs of the armed forces, federal bureau of prisons, state and county detention centres, and government buildings that have self contained cafeterias for their employees etc. We will also be recruiting a medical sales staff to begin the soliciting and advertising of our host of medical products to these agencies as well.” It was reported, that in 2011 there were 82 billion dollars alone, in food service sales to government agencies and their branches.
March 15th, 2012: SIPP International Industries, Inc. Completes $2.8 Million Secured Financing LAS VEGAS, March 15, 2012 /PRNewswire via COMTEX/ — (OTCBB:
SIPN.PK), SIPP International Industries, Inc., the diversified parent company to several divisions in the food, medical, hotel and broadcasting industries, has secured its necessary financing commitment from First Fidelity, Inc. (deposit broker and small business advisor) for the manufacturing of the SIPP product lines.
First Fidelity, Inc. will be secured by SIPP preferred shares which would collateralize Letters of Credit issued to SIPP product manufacturers. The amount secured is $2.8 million.
January 12th, 2012: SIPP International Industries, Inc. Prepares for Strong Revenue Growth Las Vegas, NV. – January 31, 2012—SIPP International Industries Inc. (OTCPK: SIPN), the diversified parent company to several divisions in the food, medical, hotel and broadcasting industries announced today that the company anticipates strong growth in 2012. The growth will be fuelled by $4.2 million in short-term accounts receivables, the latest acquisition of Newport Creek Hospitality’s growing list of hospitality management contracts, SIPP products distribution, and through television exposure driven by the launch of the “Chef Homer Lee Thomas Show.” SIPP International Industries (SIPP) anticipates Newport Creek Hospitality to generate profit margins up to 50 percent on all hotel property management contracts. Currently, Newport Creek Hospitality has three hotel management contracts in Japan.
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