Secured Encryption Software Acquisition and
Developments
DALLAS,
TX -- December 2, 2020 -- InvestorsHub NewsWire
-- SutimCo Inc. (OTC
PK: SUTI) ("The Company") The company is pleased to announce
updates to the new business plan and a master development program
for 2020 and 2021.
Online identity theft is a
multi-billion-dollar problem. According to some
sources it's around $16,000,000,000 and over
650,000 cases in 2019/2020. When researching the
problem,
it becomes very
apparent why it's such a massive problem and why
it hasn't gotten better.
Sutimco International Inc. has acquired
technology that could change the game forever. This technology is
groundbreaking and patent pending. The acquired technology
addresses 3 specific areas of why identity is
stolen. How data is collected, stored,
and retrieved.
When your data is gathered
by Sutimco, it will be encrypted with an
image-based, dynamically driven 2048+ bit next-generation
blockchain encryption prior to it ever being submitted through a
network or system, once the data arrives at the Sutimco AWS servers, it is distributed
throughout the AWS network of servers so that no single entity
other than the owner can ever access all of the data at one time,
and finally you will be assigned an identification number based on
a primary key from one of the Sutimco AWS server databases and that
number becomes the identification number to send or receive
payments. You will never provide debit,
credit card, or sensitive financial information to any person,
place, or thing again.
Sutimco has nearly completed
applications for both iOS and Android and will soon begin
testing. We look forward to introducing
you to our Sutimco line of next-generation online
security products developed with focus and
emphasis on the MJ and Cannabis Markets , and yet flexible and
adaptable to all general transactions and financial banking
processing needs.
Recently the management announced
the new deal with
PBS Holding Inc., and Greenbriar MJ Ventures.
The company and its
representatives had a very productive visit with the MJ growers in
Oklahoma,
and representatives of PBS Holding Inc. The deal is focused on SUTI
setting up financing, distribution and banking for the MJ industry
and the digital currency, banking and processing.
"Our company
originally started as a concept for the processing,
investing
and funding MJ
projects and related industry. We had a few false starts and
management changes, but finally, we feel that we found our niche'
and are ready to roll out 2020/2021 business plan. We plan to add a
new CEO and several business developers from MJ sector. Our self-financed
digital currency/crypto currency concept is being relaunched this
year due to enormous growth and expansion in the MJ industry. We
believe that our timing is right to introduce these concepts as the
states expand and grow
licensing
and distribution contracts for medical and recreational MJ
markets". Explained Mr.Vakser Chairman
SUTI
Inc.
The company will
use its current investments in dispensaries as well as the new
contract in Oklahoma with PBS Holding to distribute the MJ products
and develop new currency for the MJ markets. The digital currency
and trading will assist with facilitating and working with the
current banking and federal laws that would pave the way for future
ease for processing money and currency from the MJ related products
and industries. The current estimated $ 30 to $ 50 million dollar
deal that PBS Holding is projecting, should easily add at least
another 20 % to the top line for digital currency and retail
distribution revenues for SUTI INC.
Thank
you,
The
Management, Sutimco
Inc.
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 and
developing its own digital currency for the MJ trade.
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:
Edward Vakser
ev24903@gmail.com
214-418-6940
