CITY OF INDUSTRY, California, November 10, 2017 /PRNewswire/ --
Sugarmade, Inc. (OTCQB: SGMD), today comments on its recent product launch of Sriracha
Seasoning Stix, a new culinary seasoning technology, using the real Sriracha Hot Chili
Sauce from Huy Fong Foods, Inc. Thus far, online revenues on the
http://www.SrirachaStix.com website are significantly exceeding expectations. Further
acceleration in revenue, mainly led by the Company's Holiday gift packs, is expected as
the important Holiday gift giving seasoning commences.
"We are pleased to announce our Sriracha Seasoning Stix launch is a tremendous success,
" commented Mr. Jimmy Chan, CEO of Sugarmade. "Sriracha Seasoning Stix Holiday gift
packages are already becoming a huge hit with consumers. Online sales are greatly
exceeding our expectations and we are pulling out all the stops to build inventory to meet
the growing holiday season demand. We expect the positive revenue impact on our Company
to be significant."
Sriracha Seasoning Stix are an innovative way to season meat, fish, poultry and
vegetables from the inside out, using the real Sriracha Hot Chili Sauce from Huy Fong
Foods, Inc. The product is so unique it has been awarded three U.S. patents. The Stix are
made of seasoning and spices that are formed into a solid stick that is inserted into food
prior to cooking. During the cooking process, Sriracha Seasoning Stix change from a solid
to a liquid, infusing delicious flavors from the inside out.
In addition to Sriracha Seasoning Stix, the Company is also marketing several products
from the Seasoning Stix product line also, under license from Seasoning Stixs
International, LLC. Several other products are scheduled to be added to the product
portfolio available online at http://www.SrirachaStix.com.
Sugarmade filed an important disclosure with the U.S. Securities & Exchange Commission
concerning these events. The filing can be seen at:
About Sugarmade, Inc. (OTCQB: SGMD)
Sugarmade, Inc. is a product and brand marketing company investing in products and brands
with disruptive potential. Sugarmade is a party to a license with Huy Fong Foods, Inc. and
has an agreement with Huy Fong Foods, Inc. to use the licensed marks for the limited
products and purposes permitted by the license. Seasoning Stix are protected by three
issued U.S. patents, which are utilized by Sugarmade under agreement from Wyoming-based,
Seasoning Stixs International, LLC. For more information on the Company's products, please
visit http://www.Sugarmade.com. Information on Sriracha Seasoning Stix can be viewed
at http://www.SrirachaStix.com. Information on Huy Fong Foods, Inc. can be view at
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements also may be included in other publicly available
documents issued by the Company and in oral statements made by our officers and
representatives from time to time. These forward-looking statements are intended to
provide management's current expectations or plans for our future operating and financial
performance, based on assumptions currently believed to be valid. They can be identified
by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would,"
"could," "will" and other words of similar meaning in connection with a discussion of
future operating or financial performance. Examples of forward looking statements include,
among others, statements relating to future sales, earnings, cash flows, results of
operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent
risks, uncertainties and other factors that may cause the Company's actual results and
financial condition to differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other factors include, among
others such as, but not limited to economic conditions, changes in the laws or regulations,
demand for products and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from those projected or
represented in the forward looking statements.
Any forward-looking information provided in this release should be considered with
these factors in mind. We assume no obligation to update any forward-looking statements
contained in this report.
For inquiries please contact Sugarmade at (888)982-1628 or info@SrirachaStix.com .
SOURCE Sugarmade, Inc.