CITY OF INDUSTRY, California, November 27, 2017 /PRNewswire/ —
Sugarmade, Inc. (SGMD) today announces significant success for the Black Friday Weekend for Sriracha Seasoning Stix, a new culinary seasoning technology, using the real Sriracha Hot Chili Sauce from Huy Fong Foods, Inc. Over the weekend, new sales records were achieved with revenues continuing to build moving into Cyber Monday. As a result, Sugarmade is bringing in all staff to assist with the hundreds of shipments that will need to go out each day.
“All of us at Sugarmade are expecting a huge Holiday season for Sriracha Seasoning Stix and Seasoning Stix. We are breaking all records on our site at http://www.SrirachaStix.com,” commented Jimmy Chan, CEO of Sugarmade. “Our four blend gift packages are a big hit for those looking for an innovative Christmas gift for their favorite Sriracha lover or Foodie and our Stix inserter is already on back order for later delivery. It’s too early to predict sales levels for the holiday season, but at this rate it will have a significantly positive impact on our December quarter. Fortunately, we are set up for high volume shipments and we have been able to keep up with fulfillment with only minimal additional temporary staff.”
As a result of brisk online sales, the Company is continuing to build inventory in anticipation of sales building further as the heart of the Christmas sales season moves closer.
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.
About Sugarmade, Inc. (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 http://www.huyfong.com.
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 +1(888)982-1628 or info@SrirachaStix.com
