SANTA ANA, Calif., Aug. 8, 2012 /PRNewswire/ -- SUTIMCo
International, Inc. (Pink Sheets: SUTI) announced today plans to
acquire additional University based technologies in a "Letter to
Shareholders". The report is a direct communication from
Fred Rogers, the President and
Chairman of SUTIMCo International, Inc., offering an overview of
the Company's history to better understand its current core
business model as well as the Company's goals for the remainder of
2012.
The "Letter to Shareholders" (available at
http://www.otcmarkets.com/stock/SUTI/filings ) provides a snapshot
of the Company's activities in the emerging technologies market
since 2006 relating to the commercialization of technologies based
on University science research. The Company announced plans to
restructure its agreement with SUTI Holdings which will allow
SUTIMCo to negotiate and secure new University technologies as well
as finance and support the growth and product development of the
university developed technologies that SUTIMCo already manages.
Mr. Rogers further stated, "SUTIMCo has identified and
plans to execute options to acquire at least 20 new University
based technologies over the next 12 months."
As outlined in his letter, Mr. Rogers illustrates how SUTIMCo's
early stage management services and infrastructure are provided
through Business Units (parent companies that manage and support up
to four portfolio companies). The mission of each Business Unit is
to finance, grow and sell successful companies as they mature out
of the start-up stage and become attractive to larger
companies. SUTIMCo plans to operate Business Units in the
areas of Quality of Life, Alternative Energy, Food
Safety, Advanced Material, Water Technologies, Media and
Entertainment and Skin and Wound Care.
Each new technology startup benefits from SUTIMCo's early stage
management expertise and administrative services, often absent in a
traditional start-up company. SUTIMCo's well-defined systems infuse
technology startups with early stage management teams and
infrastructure, innovator-focused methodologies, processes and
strategies, and a supportive, creative environment designed to
reduce risk to stakeholders and accelerate large financial
returns.
SUTIMCo's robust portfolio of relationships with prestigious
American universities is unique and strategic. North American
universities invest over $42 billion
in science and technology research, with about 15,000 new
technologies disclosed annually. SUTIMCo's portfolio of technology
and innovation start-ups, in partnership with more than two-dozen
of the nation's premier research universities, includes operating
companies, companies in the pre-funding stage and projects in the
development process. Each of these business entities is being
advanced by the SUTIMCo management team and methodology.
Currently, SUTIMCo is working to fund and operate five Business
Units, Quality of Life, Water Technologies, which will include its
AquaStar Corporation, Media & Entertainment, Food Safety and
Skin & Wound Care. Although the new business model is
tremendously profitable, SUTIMCo's clients do not have the capital
necessary to pay SUTIMCo on a timely basis. SUTIMCo must wait
for its clients to either raise money or generate revenues in order
to receive money from its Venture Accelerator Agreements
(VAA). SUTIMCo's management believes that the short term risk
will pay off as the technologies behind the VAA are based upon both
University Research and Government support.
"I am pleased with the accomplishments the Company has achieved
in recent months and am steadfast to lead SUTIMCo as a public
company," stated Fred Rogers,
President and Chairman of SUTIMCo International, Inc. "Increasing
the commercial success rate of university developed technologies
has long been a passion of mine and I believe that SUTIMCo offers a
real opportunity to make significant progress toward that
goal."
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.
Investor Relations, 321-236-0240
SOURCE SUTIMCo International, Inc.
