SANTA MONICA, Calif., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Wanderport Corporation (OTC:WDRP), is pleased to announce that advancements continue to develop, as the Company prepares to establish a footprint in the alcoholic beverage sector. With the appointment of distinguished executive, Luis Cota, current President of World Food & Beverage Management Group, management structures to collaborate on the business development, financing, sales and marketing of WFB’s proprietary product line starting with an award winning ultra premium tequila, “Comisario”.
As current President of WFB Management Group, Mr. Cota brings a wealth of experience and established corporate relationships that are expected to exponentially heighten the potential for combined success in this sector. Mr. Luis Cota brings to the Company over four decades of experience in the wine and spirits industry. His tenure began with the Gallo Winery where he became well versed in various territories, including San Diego, Florida, Oregon, and Colorado. He continued his career with Heublein/Inglenook Napa Valley Co. (now Diageo), managing distributorship and running the Central Pacific Region. He also worked with a number of notable establishments like Rutherford Hill Winery, Inglenook Napa Valley, Christian Brothers, and the Henry Wine Group. He served as the National Sales Director of EOS Estate Winery for seven years before forming his own wine and spirits distributor and importer company, The Wilkes Wine Group.
Wanderport will collaborate with WFB Management Group on the business development, financing, sales and marketing of WFB’s proprietary product line consisting of various liquors, beers, and flavored beverages. The two companies have initiated a collaboration effort on the production and distribution of WFB’s award winning ultra premium tequila, “Comisario”.
Wanderport has recently formed a partnership with a craft brewer in San Diego, CA to brew Sipp Industries (OTC:SIPC) Major Hemp Brown Ale which will be packaged in kegs, bottles and cans, in preparation for nationwide sales beyond the existing thirty six locations. The Company continues forming partnership with national distributors for the anticipated distribution of Sipp's and Wanderport's beers.
Management has also been diligently working with the brewery to develop Wanderport's exclusive Hemp and CBD Coffee Beers, also exploring options with the brewery to jointly acquire or build a brewing facility for contract brewing of additional craft beers.
Finalization of details is underway on the initial Hemp Sapa Tea flavors slated for unveiling sometime next month. This highly anticipated release of Wanderport’s premium infused tea is expected to have great potential for significant growth. On a global scale, tea leads boldly in the beverage industry. With an average of 1.5 million pounds of tea consumed in the US every day, import demand averages 540 million pounds of tea to the US annually.
Tea represents a segment of the beverage industry which is projected to reach $19 billion in the US by 2020. When combined with forecasts for CBDs projected growth over the same timeframe, growing to a $2.1 billion market in consumer sales by 2020, the success potential for this new line is significant.
The Company has also initiated the development and evaluation of a hemp infused hot chocolate mix that could be launched next month if results are favorable.
As an additional revenue stream, Wanderport has been developing the infrastructure to support the private labeling of the Company’s coffee and tea products. This program is expected to be available late this year or early next year.
“This is an incredibly exciting time for the Company as we embark on new ventures to expand our offerings as well as position ourselves properly for the marijuana legalization in California next year. We continue to form solid strategic alliances with various industry players which we firmly believe will yield significant values for the Company and our shareholders,” commented Ty Cha, Chief Executive Officer.
About Sipp Industries, Inc.
Sipp Industries is a multifaceted 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 hemp based products, bulk hemp, CBD supplies, co-packing and private labeling services. The Company owns a Hemp beer selling under the label Major Hemp Brown Ale.
About Wanderport Corporation
Wanderport Corporation is a premier distributor of food, beverages and consumer products made with hemp. Its premium quality hemp Sapa CoffeeTM blends are currently being sold in a growing number of grocery stores and small businesses in the Southern California territory. Its products are also sold online at www.sapacoffee.com and www.amazon.com. For more information, please visit http://www.wanderportcorp.com.
Forward Looking Statements:
Statements made herein constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company’s stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management’s plans and objectives for future operations. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release.