U.S. Markets open in 8 hrs 40 mins

Sugarmade Completes 2015 Audit - Prepares to Enter New Market Segments

INDUSTRY, CA / ACCESSWIRE / August 3, 2016 / Sugarmade, Inc. (SGMD) today announces the completion of its 2015 financial audit. The Company's financial team is now in the process of preparing SEC filings to return the Company to fully reporting status.

"In addition to completing the 2015 audit, we have completed the accounting to return the Company to fully reporting status, which we believe will occur over the short term," commented Jimmy Chan, CEO. "We are also now working on entering new segments of the packaging business, which we will be discussing with our investors upon returning to fully reporting status."

About Sugarmade, Inc. (SGMD)

Sugarmade, Inc.'s primary operating entity is CarryOutSupplies.com, which markets generic and custom printed paper supplies to the quick-service restaurant industry. The Sugarmade division markets environmentally friendly office and multipurpose paper made from sugarcane waste and bamboo. For more information on the Company's products, please visit www.Sugarmade.com.

For inquiries please contact:

Katherine Zuniga at (888) 982-1628 or Katherine@sugarmade.com

SOURCE: Sugarmade, Inc.