$KGKG .0135 SIPC .0081 NEWS SUPPLY-CONTRACTS
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Sipp Industries Awarded Supply Contract From Kona Gold Solutions, Inc. for Hemp Extract PowderKona Gold Solutions, Inc. to Release New Premium Drinks Infused With Sipp's Hemp Powder During the Third Quarter
MARKET WIRE 8:30 AM ET 5/25/2016
Symbol Last Price Change
SIPC 0.0081down -0.0003 (-3.57%)
KGKG 0.0135down -0.0002 (-1.46%)
QUOTES AS OF 10:00:55 AM ET 05/26/2016
COSTA MESA, CA -- (Marketwired) -- 05/25/16 -- Sipp Industries, Inc.(SIPC) , a diversified conglomerate corporation specializing in technology, manufacturing and distribution of commercial and consumer products announces it has been awarded a new contract with Kona Gold Solutions, Inc.(KGKG) for hemp extract powder. Kono Gold will use the hemp extract powder supplied by Sipp Industries(SIPC) in a new line of premium hemp beverages slated for launch in the third quarter.
Sipp Industries (SIPC) recently secured a North American hemp powder source that has market applications for functional foods, supplements, energy drinks, pet foods and dairy alternatives. Made with non-GMO ingredients this hemp powder allows for manufacturers to easily formulate and blend hemp powder into their products.
Sipp Industries' (SIPC) new partner Kona Gold is a premier hemp lifestyle brand of exclusivity and status. The company currently develops and markets energy drinks, shots, apparel, energy patches, and hydroponics equipment. Kona Gold's products can be found on Amazon and purchased at their website www.konagoldhemp.com.
Major Hemp, Sipp Industries(SIPC) wholly owned subsidiary, plans to work with Kona Gold's team on new hemp-based product concepts. President Ted Jorgensen commented, "We're thrilled to partner with an exciting brand such as Kona Gold. Their products are of very high quality and we look forward to supplying quality hemp ingredients for subsequent new product launches."
CEO Robert Clark of Kona Gold Solutions(KGKG), stated, "We are excited to announce Sipp Industries(SIPC) as our hemp extract supplier for our upcoming premium hemp energy drink. Sipp Industries(SIPC) has firmly established itself across several verticals within the hemp industry and we feel they are the ideal partner to bring our hemp energy drink to market, along with other future products, and look forward to working closely with their team."
About Sipp Industries, Inc.(SIPC)
Sipp Industries (SIPC) is a conglomerate corporation that specializes in technology, manufacturing and distribution of commercial and consumer products. Through its wholly owned subsidiary, Major Hemp, the Company provides high quality and competitively priced bulk hemp, CBD supply, co-packing and private labeling services. For more information, please visit http://www.sippindustries.com. Facebook: https://www.facebook.com/SippIndustries Twitter: @SippIndustries
Contact:
Syman Vong
CEO
Sipp Industries, Inc.(SIPC)
Investor Relations
ir@sippindustries.com
949.220.0435
Source: Sipp Industries, Inc.(SIPC)