New Business and Products developments.
DALLAS, TX -- June 26, 2015 -- SutimCo
Inc. (OTC PK:
SUTI) ("The Company") Today, the company and the
management announces following shareholders updates: 1. The
completion of the acquisition LOI, with a target date of July 1st
to sign a definitive agreement. Funding the deal by July 6th,
2015.
2. Completed a negotiation with hemp edibles group in
California, with an LOI signing targeted for July 8th, 2015.
3. Began negotiations with a dispensary, growers group and a
delivery services.
Targeted completion date August 1st,2015.
4. New hemp energy drink and a hemp enhanced pills for wellness
and male enhancement, targeted for August 2015 release.
5. New Credit card processing and encryption software to protect
against identity theft and safe transactions for the consumers.
(Designed for the www.Hempster.club)
Target date August 2015.
6. Our representatives are being well received at the NIBA
conference in Newport Beach. We are negotiating new acquisitions
and have tremendous interest from the institutional investors and
several hedge funds.
Im extremely excited about the recent developments and business
expansions that our company already achieved in such a short time.
Ive made my commitments to the shareholders to complete the
projects and grow this company and Im excited to be surrounded by a
very supportive management team and a shareholder base. The support
behind my leadership and ideas that I bring is whats energizing the
very positive response from our investors and shareholders which
enables me to expand and deliver on the commitments and promises
that I made. I also would like to reiterate that we are acquiring
the new deals with cash and stock. However, our shares that we use
for acquisitions are 144 restricted (1 year restricted), and these
deals will not interfere with our pending dividends nor will there
be any need for any reverse splits. Our market capitalization is
healthy and very manageable considering our plans for growth and
acquisitions. Stated Mr. Saenz, CEO/SutimCo International Inc.
Recently the company announced:
The company is in the process of launching a new website and is
filing for the new name change as well as the ticker symbol change
to reflect and define the companys identity and the new business
direction.
Recently, the Governor Abbott of Texas signed medicinal
marijuana bill that will allow Texas to enter into the Cannabis/MJ
market segment. This new development confirms and reinforces our
companys plan to establish operations and businesses in as many
states as possible. Some of the states already approved medicinal
use and some of the states are moving towards recreational use and
even a full legalization.
We want to establish a great foundation and become early
adopters of this market space and stake out our territories while
continue on the path of expansion and new business developments. We
will focus on rebranding our company and focus on becoming a new
market leader in the Cannabis and Marijuana market sectors. Stated
Mr.Saez , CEO of 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
