SutimCo Announces the Merger of Kolbe Global Logistics and SutimCo Inc.
17 Octubre 2014 - 8:14AM
eTeligis
DALLAS, TX(Eteligis Inc.)
DALLAS, TX, United States, via ETELIGIS INC., 10/17/2014 - -
SutimCo (OTC Pink: SUTID) (PINKSHEETS: SUTID), would like to
announce the merger of KOLBE GLOBAL LOGISTICS LLC., as a newly
formed division of the company. Jorge Luis Saenz (CEO of Kolbe LLC)
was recently appointed to the Board of Directors of SutimCo and
will lead this new division. "Kolbe's business plan has grown
significantly since we first initiated contact with them back in
march 2014," stated Luther Jeffries, CEO of SutimCo, Mr. Jeffries
said further "With their strong unique product line and various
inroads into the Dispensary and Supply side of the sector we are
compelled to partner with them to supply adequate funding and open
doors to the public markets to ensure rapid growth and execution of
their plan."
Kolbe has developed various blends of cannabis oils or "vapes"
for cannabis vapor pens geared toward the medical use or
recreational use for cannabis consumers. Kolbe's blends are patent
pending and will feature various benefits over traditional cannabis
consumption. Some of the benefits include smokeless properties,
odorless, with or without the "high" that many medical users avoid.
Almost any flavor can be added offering consumers a personalized
approach to cannabis consumption. After extensive sampling of
comparable products in the marketplace The Company feels that
EcoVape is far superior product and has had favorable reviews by
all who have sampled.
Kolbe is also executing plans, moving into the dispensary and
grow side of the business allowing for expanded revenues and
vertical integration. Kolbe is particularly ready to move into the
Oregon marketplace immediately hoping to capitalize on recreational
use laws passing in November 2014.
The company firmly believes that Kolbe's superior product line,
EcoVape, will have mass appeal in all legal states. We understand
that it is necessary for Kolbe to be public in order fund rapid
expansion into various jurisdictions with a wide variety of
regulations in order to attain wide distribution of their high
quality brand. We believe in doing so EcoVape will grab wide scale
market share and brand recognition and become the leader in
Cannabis Infused Vapor, making it a valuable target for either
buyout or a large scale revenue producer.
SutimCo plans to fund the immediate roll out of Kolbe's product
line and expansion eventually "spinning out" its division and
offering a dividend to SutimCo shareholders.
"We are very excited about this opportunity in joining forces
for Jorge and Kolbe to bring their unique, very high quality
product to market on a wide scale that will greatly benefit both of
our companies and our loyal shareholders," stated Mr. Jeffries. "I
will be updating our shareholders frequently with our streamlined
business plan as well as current and future deals and projects @
https://www.facebook.com/Sutimco and through mainstream market
wires."
Thank You
Luther Jeffries
CEO/Sutimco/SUTID
Please Like and Follow us for frequent updates at:
https://www.facebook.com/Sutimco
Contact:
Luther Jeffries
sumitcoceo@gmail.com
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.
CONTACT:
For more information:
SutimCo
sutimcoceo@gmail.com
SOURCE: SutimCo
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28179
- Link to submission on http://www.eteligis.com
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