SUTI Inc., fulfills the definitive agreement with Canna and the
City by funding the Contract.
DALLAS, TX -- July 7, 2015 -- InvestorsHub NewsWire -- SutimCo
International Inc. (OTC PK: SUTI) ("The Company") The company
has completed the funding for the strategic partners in Oregon,
Canna and the City. The full 8K filings will post this Friday July
10th, and company will release updates for the website with the
information and pictures of the dispensary and all the relevant
information.
I'm extremely excited and feel very motivated by the recent
developments in our company. The company is completing the
milestones of development and is achieving its goals. We are
creating a tremendous momentum by doing what we said we would do
and by building an investor confidence in our management, our
directors, myself and our business plan. Although company is
pleased to announce the funding for Canna and the City has been
completed, we are not stopping there, and we are approaching and
negotiating more lucrative deals and relationships. Details of the
agreement will be included with the 8k PR later this week, but in
the meantime we will continue to announce our progress with the
other projects at hand. Stated Jorge Luis Saenz CEO/Sutimco
International Inc.
Recently the company posted following Shareholders Updates:
The company is poised to do great things! We are very focused on
executing the plan and expanding our presence in the Cannabis/MJ
market space. I believe that we are in a very unique position to
establish great branding for our company and vertically integrate
SUTI into several areas of this vastly expanding market segment.
Stated CEO, Jorge Saenz.
The company recently posted following updates:
The company is pleased to announce the confirmation of the
filing for the dividend with the sister company, ProTek Inc., and
the completion of the first MOU.
The company is in receipt of confirmation of the Dividend Filing
as well as the receipt from FINRA.
The management filed the request for Dividends with FINRA. As of
todays filings, the dates are as follows;
1.
Record date July 15th, (this is the date that determines what
amount of shares are held by the shareholders on July 15th, and
therefore the dividend will be issues on a 20 to 1 ratio from the
number of shares held on record date, for every 20 shares of
PRPM the shareholder will get 1 share of SUTI).
2.
Payment/distribution date July 30th: (This is when the dividend is
scheduled for payment)
3.
Declaration Date July 1st: This is the date when this filing was
announced to the public.
The management is currently waiting for the official approval
from FINRA, which will follow by a Press Release from both FINRA
and then both the dividend receiving company, ProTek Capital Inc.,
(PRPM ) and the dividend issuer SutimCo International Inc.
(SUTI)
I'm very excited that our dividend was filed and we can satisfy
our shareholders with another completed promise. It is also, a
great day for all of our companies, since today, July 1st is the
start of the new MJ law in Oregon. What makes this date so
significant, is that as promised, Im actually driving to visit and
sign the definitive agreement with our recent acquisition. Im
excited to report that we are on track to complete our goals and
finish the milestones of development that we set out. I will post a
definitive PR tomorrow. Stated Mr.Saenz, CEO of SutiMco
International Inc.
Some of the best recent Quotes:
In strict medical terms marijuana is far safer than many foods
we commonly consume. For example, eati ng 10 raw potatoes can
result in a toxic response. By comparison, it is physically
impossible to eat enoug h marijuana to induce death. Marijuana in
its natural form is one of the safest therapeutically active substa
nces known to man. By any measure of rational analysis marijuana
can be safely used within the supervis ed 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 mariju ana the fastest-growing
industry in the U.S. and valued it at $2.4 billion in 2014 - the
year legal, recreatio nal 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 sec tor's rapid
growth. The industry grew from $1.5 billion in 2013 to $2.7 billion
in 2014 - a 74% increase i n 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
rela tionships 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 f orward-looking statements within the meaning
of the Private Securities Litigation Re form Act of 1995. You can
identify these statements by use of the words "may," "wil l,"
"should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend
," and similar expressions. Forward-looking statements involve
risks and uncertaintie s that could cause actual results to differ
materially from those projected or anticipa ted. These risks and
uncertainties include, but are not limited to, general economic and
business conditions, effects of continued geopolitical unrest and
regional confli cts, competition, changes in technology and methods
of marketing, delays in compl eting 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 d ue to performance quality issues with
outsourced components, and various other fa ctors beyond the
Company's control.
This release includes forward-looking statements within the
meaning of Sec tion 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange A ct of 1934.
Certain statements set forth in this press release constitute
"forward-loo king statements. Forward-looking statements include,
without limitation, any stateme nt that may predict, forecast,
indicate, or imply future results, performance or achievem ents,
and may contain the words "estimate", "project", "intend",
"forecast", "anticipate", "plan ", "planning", "expect", "believe",
"will likely", "should", "could", "would", "may" or wo rds or
expressions of similar meaning. Such statements are not guarantees
of future p erformance 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 t he
forward-looking statements. Forward-looking statements involve
risks and uncertain ties, including those relating to the Company's
ability to grow its business. Actual result s may differ materially
from the results predicted and reported results should not be co
nsidered as an indication of future performance. The potential
risks and uncertaintie s include, among others, the Company's
limited operating history, the limited financia l resources, and
domestic or global economic conditions -- activities of competitors
an d the presence of new or additional competition and conditions
of equity markets.
