New Funding structure for Market Expansion.
DALLAS, TX -- June 19, 2015 -- SutimCo
Inc. (OTC PK: SUTI)
("The Company") The company is on a fast track to empower its
management and the new CEO with a structured funding via line
of credit and asset based lending.
Today the company has entered into negotiations with a private
funding group BV Remenstein and its equity partners. Several
investors already hold a substantial position with the company and
its investors. The deal will allow the management and the CEO to
draw upon a first round of funding with a commitment of up to $ 1.2
million. The
Deal is structured so that the company is not pressured by any
toxic financing via convertible notes or debentures. The management
will travel to the NIBA convention June 24th thru 27th in Newport
Beach CA., in order to complete the deals and launch several
acquisitions.
We want to take advantage of the opportunities and deals that
the new and emerging Cannabis/MJ markets have to offer. I feel
confident that we can grow this company and complete the projects
that I bring to our shareholders without taking aggressive toxic
financing or heavy burden of debt. The timing for this development
is perfect, as it comes right on the heels of our management
reducing the current burden of debt and liabilities via spin off of
our SutiMco past business model and its business into the private
sector. These new investors support our business plan and want to
ensure that our financing structures do not pressure our stock and
our ability to grow the company while maintaining the shareholders
value and our PPS. Stated Mr. Saenz, CEO / Sutimco International
Inc.
Thank you,
The Management, Sutimco Inc.
Some of the best recent Quotes:
In strict medical terms marijuana is far safer than many foods
we commonly consume. For example, eating 10 raw potatoes can result
in a toxic response. By comparison, it is physically impossible to
eat enough marijuana to induce death. Marijuana in its natural form
is one of the safest therapeutically active substances known to
man. By any measure of rational analysis marijuana can be safely
used within the supervised routine of medical care.
[DEA Administrative Law Judge - 1988]
Francis Young
"When I was a kid I inhaled frequently. That was the point."
- Barack Obama, U.S. President quote on Marijuana
"I enjoy smoking cannabis and see no harm in it".
- Jennifer Aniston quote on Marijuana
"At the end of 2014, 15,992 people were licensed to work in the
marijuana industry in Colorado alone, an increase of 143% over the
previous year."
"A recent report from The ArcView Group, a cannabis research and
investment firm, dubbed legal marijuana the fastest-growing
industry in the U.S. and valued it at $2.4 billion in 2014 - the
year legal, recreational marijuana sales first started in Colorado.
ArcView is expecting the industry to grow by another 32% this
year."
I think people need to be educated to the fact that marijuana is
not a drug. Marijuana is a flower. God put it here Willie
Nelson
"'2014 was the year where the cannabis industry went from being
an interesting casual conversation to something any serious
business person has given a fleeting thought,' said Troy Dayton,
cofounder of The ArcView Group."
"Unlike other new industries, the demand for cannabis and
related products already exists, driving the sector's rapid growth.
The industry grew from $1.5 billion in 2013 to $2.7 billion in 2014
- a 74% increase in one year, according to The ArcView Group's
latest market analysis report."
Federal and state laws (should) be changed to no longer make it
a crime to possess marijuana for private use.
Richard M. Nixon
About Sutimco Inc.
Sutimco Inc., is a development corporation with a focus and
design to enter a new and emerging Medicinal and Recreational use
Marijuana and Cannabis market sectors. The company is developing
relationships and contracts with product and service providers that
cover all aspects of this new and emerging market sector.
Forward-Looking Statements: The information posted in this
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by use of the words "may," "will,"
"should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, delays
in completing various engineering and manufacturing programs,
changes in customer order patterns, changes in product mix,
continued success in technological advances and delivering
technological innovations, shortages in components, production
delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
This release includes forward-looking statements within the
meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Certain statements set forth in
this press release constitute "forward-looking statements.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future
results, performance or achievements, and
may contain the words "estimate", "project", "intend",
"forecast", "anticipate", "plan", "planning", "expect", "believe",
"will likely", "should", "could", "would", "may" or words or
expressions of similar meaning. Such statements are not guarantees
of future performance and are subject to risks and uncertainties
that could cause the company's actual results and financial
position to differ materially from those included within the
forward-looking statements. Forward-looking statements involve
risks and uncertainties, including those relating to the Company's
ability to grow its business. Actual results may differ materially
from the results predicted and reported results should not be
considered as an indication of future performance. The potential
risks and uncertainties include, among others, the Company's
limited operating history, the limited financial resources, and
domestic or global economic conditions -- activities of competitors
and the presence of new or additional competition and conditions of
equity markets.
Contact: stassan@sutimcointernational.com
