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SIPP Industries Inc. (SIPC) Set to Complete Merger with Private Luxury Liquor Business

ACCESSWIRE

Henderson, Nevada - July 26, 2013 - SIPP Industries Inc. (SIPC) - SIPC management is pleased to provide this general update for its shareholders and followers.

Further to the press release February 7, 2013, where amongst other things, the company is in the process of finalizing the anticipated Spectre Worldwide merger. SIPC expected to finalize the merger in February, however, the company ran into an unexpected overhang with certain majority shareholders. After long negotiations and a 5 month quiet period, the company is pleased to announce the overhang and dispute has been resolved. The Spectre Worldwide merger is expected to complete as previously announced.

SIPC is working on launching a new website, outlining the new subsidiary while updating the contents of the current subsidiary Palm Beach Coffee. The Palm Beach Coffee company has no plans of changing directions with this new merger. SIPC plans are to operate both the hot beverage B2B business, expand it further and enter into the private luxury liquor business with Spectre Worldwide.

Sipp Industries would like to take the opportunity to apologize to its shareholders and followers for the complete darkness of no news and updates since February. The management is of the opinion that any updates could have derailed the merger. Spectre Worldwide merger is imminent and management is delighted that SIPC will focus all of its’ energy on building shareholder value instead of disputes and litigations. More detail will follow shortly and on a timely basis.

About Spectre Worldwide

Spectre Worldwide is an authorized company to license private label liquors and wines through its agreement with the licensed US import company. Through Spectre's agreement with the import company which was established in 2005, Spectre has the ability to offer and produce private label vodkas, tequilas, liquors, wines, prosecco, cognac and every other liquor under a private label brand. The Company believes that 25,000 to 100,000 cases would be a reasonable sales number for year 1 of a private label brand in association with Spectre's association to the Event and Concert industry. The Company is also participating with producing a private label for companies with global hotel and resort projects. Spectre also works directly with its own distilleries to distill its own vodkas - both potato vodka and wheat vodka.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of SIPP Industries Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. SIPP Industries Inc. cautions you that any forward-looking information provided by or on behalf of SIPP Industries Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. SIPP Industries Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SIPP Industries Inc.'s control. In addition to those discussed in SIPP Industries Inc.'s press releases, public filings, and statements by SIPP Industries Inc.'s management, including, but not limited to, SIPP Industries Inc.'s estimate of the sufficiency of its existing capital resources, SIPP Industries Inc.'s ability to raise additional capital to fund future operations, SIPP Industries Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SIPP Industries Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SIPP Industries Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact:

Magna Biz Consultants
investors@magnabizconsultants.com