SANTA ANA, Calif., Aug. 4, 2011 /PRNewswire/ -- SUTIMCo
International, Inc. (Pink Sheets: SUTI) is pleased to announce that
the Company has entered negotiations with WildCap Energy in which
it will receive up to 30% equity interest in WildCap Energy,
Inc.
WildCap Energy recently received approval on its S-1
Registration Statement from the United States Securities and
Exchange Commission (SEC). As a result, the Company expects
to begin trading at $1.00 per share
with an initial market capitalization of $10,600,000. WildCap Energy signed a three-year
Venture Accelerator Agreement with SUTIMCo International valued at
$2,790,000.
WildCap Energy's revolutionary vertical wind turbine design was
developed at the University of Arizona
by Dr. Israel Wygnanski. The turbine
design carries the potential to exceed the power of conventional
turbines while offering a significantly lower cost. According
to reportlinker.com, the world market for turbines and related
products is projected to increase 5.6 percent per year through 2010
to $135 billion. Growth will be
driven by the wind turbine sector, which consistently surpassed
industry growth estimates from 2004 through 2009.
"The effective registration gives SUTIMCo and its shareholders a
potential exit strategy and improves our asset value tremendously,"
stated Fred Rogers, Chairman of
SUTIMCo International, Inc.
For more information on WildCap Energy, please visit;
http://www.wild-cap.com
For more information on SUTIMCo, its portfolio companies, and
University partners, please visit; http://www.suti.com
About SUTIMCo International, Inc.:
SUTIMCo International Inc. is a holding company, which utilizes
a unique and established platform to launch new technology
enterprises based on world-class university research discoveries.
SUTIMCo International, through its wholly owned subsidiary SUTIMCo,
Inc., provides experienced management to early stage companies,
reducing risk and assuring the know-how in launching and growing a
new company. In addition to this skilled management team, SUTIMCo
can avail itself of the encyclopedic, informal knowledge of the
inventor, his experience and his research team.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the safe harbors created thereby. The
Company is a development stage company who continues to be
dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Source: SUTIMCo International, Inc.
Investor Relations
407-389-5900
SOURCE SUTIMCo International, Inc.