$SGMD 8K Out- Very significant, (HUY FONG FOODS,

$SGMD 8K Out- Very significant, (HUY FONG FOODS, INC. (“HFFI”), the maker of Sriracha Hot Chili Sauce. Under the terms of the Agreement, the Company is granted license to use the Licensed Marks of HFFI on and for products the Company is currently in process of designing and testing. The Company believes it is likely such products will be announced over the short term with marketing efforts commencing shortly thereafter.)

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