DALLAS, TX -- April 10th, 2015 -- InvestorsHub NewsWire --
SutimCo Inc. (OTC PK:
SUTI) ("The Company")
Today, the new CEO and Management of
the company announce the retirement of 500,000,000 (Five Hundred
Million) shares of the company’s current issued and outstanding
shares.
The shares will be surrendered to
the treasury in exchange for preferred stock. The move will become
effective as of Monday April 13th. The move comes as the new CEO
and management agreed to increase the shareholders’ value and
decrease the already small float and the overall issued and
outstanding shares.
“As the new CEO, I want to encourage
the rest of the management to continue the momentum that the
company is building by decreasing the Issued and Outstanding shares
(OS), and ungagging the Transfer Agent. I’m encouraged by the
enthusiasm of our management team, and will be adding more industry
veterans to help me grow this company and achieve objectives of the
current business plan. As the share reduction becomes effective
Monday April 13th, I will be announcing the addition of several new
executives that will enhance my team. We are starting with a new
President and a new Chairman of the Board, new product developers
and formulators as well as the new product designers. My objective
is to take this company to greater heights and become an industry
leader in this market sector.” Stated Mr. Jarrod Turned, new
CEO.
The company will continue to strive for
complete transparency with frequent updates and disclosures.
Thank you,
The Management, Sutimco International Inc.
……Some of the best recent Quotes:
"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 International Inc.
Sutimco Inc , is a development corporation with a focus and
design to enter a new and
emerging
Medicinal and Recreational use Marijuana market sectors. The
company is developing relationships and contracts with
product and service providers that cover all aspects of this 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
