[ACCESSWIRE]
CHEYENNE, WY / ACCESSWIRE / February 12, 2015 / Sutimco International Inc. (OTC PK: SUTI) ("The Company")
Dear Shareholders and Friends,
My Fellow Shareholders,
I'm writing today to update you all on our current progress. We are rapidly expanding our business plan as various opportunities are being presented daily. I'm pleased to announce our first large scale project and further developments in operations.
I'm very proud to start off with announcing our first major grow operations. We are entering into a JV agreement to fully operate large scale grow facilities in Nevada and Washington. Mr. Frey and Mr. Lytle have begun planning to outfit and run these operations at both location. Each location has over 10 acres of useable land and one has an existing 50,000 sq. ft. facility. Details on location and revenue sharing agreements will be released next week. This is a huge opportunity for our company with first year revenue projections at over $3,000,000.
I would also like to announce we have brought on capacity to formulate various cannabis infused drinks formulas such as functional beverages, energy, chill, pain relief etc. These formulas will be produced at one central location and shipped to finishing facilities in various legal states where cannabis infusion will take place. We are working to create and/or join current distribution channels in these districts to take these type products to market. We are working to develop relationships with various expertise in the cannabis niche product market and link them to create finished products and use the distribution channels to bring them to market. We are looking to rapidly expand our footprint into as many legal states as possible to give us an advantage once national legalization is attained.
I have also been receiving a great deal of questions about the prpm/suti dividend. Although it is not yet set in stone, it appears that we may be able to move up the record date for the dividend by 30 days. I will have a solid date by next week's update.
I will be updating everyone weekly here on Facebook and by PR as we have many exciting events happening in the near future.
Thank You,
Luther Jeffries
CEO Sutimco/Protek
Other Recent Events
I would like to update you all today on the progress of our entrance into the Cannabis Sector. We have spent a great deal of time and hard work over the last few months preparing our new company for entrance into the new sector. We have cumulatively cleaned up the company's shares structure, appointed and replaced key positions with industry professionals, polished our business plan to take advantage of ever changing opportunities in this new market and are now executing our plan to gain market share and generate revenues where we can establish leadership and dominance in the shortest period of time. The following are divisions of our new company that we are currently expanding:
- Supply (commercial scale grow operations)
- Partnerships and Acquisitions
- Venture Capital
- Unique Niche Sector Related Products and Services
- Coffee/Head Shops
We will now begin to share with you, weekly, the progress we are making in these "divisions" as our company moves rapidly into its execution phase.
We are very excited about new products we are developing and rolling out in the "New Product Niche" division of our company. We will be constantly experimenting and developing Edible Niche Products for retail. Our management team sees consistent growth in both the medical and recreational use edibles market. Edibles provide many benefits to the medicinal and recreational cannabis user. Benefits include a much more pleasant delivery system for the product, extended results from equal dosage, and a more anonymous way of consuming the product. Edible products also allow us to develop "brands" in a niche marketplace that help gain extended exposure for our company. Our first Eddibles product that we are currently developing is a full line of cannabis infused food seasons. The infused seasons will be able to be added to the consumer's current recipes to easily make cannabis infused meals and deserts. Current retail pricing on premade edibles is high making homemade items both unique and economically responsible idea. These products (infused seasonings) will be easily produced, delivered, and at a very favorable price point while still maintaining solid margins.
We are also developing a line of Cannabis Infused frozen novelty items which will include cones, frozen fruit pops, sandwiches, and fudge pops. Sutimco will provide the retail outlet with predetermined sized point of sale fridge/freezers that will guarantee floor space and make product expansion practical.
We believe edibles will prove to be very successful for our company and rapidly expand its division within. I will be updating all of you weekly with a closer look at each division of our company and an overview of where extended successes are being made.
Next week I will be announcing at least one new partnership/acquisition as we are in talks with no less than six new candidates. These are exciting times to be growing in such a new and promising sector that we believe will have a tremendous impact on economic growth in the United States over the coming decade.
Thank You,
Luther Jeffries
CEO Sutimco/Protek
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.
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SOURCE: Sutimco International Inc.
