[ACCESSWIRE]
DALLAS, TX / ACCESSWIRE / July 8, 2015 / SutimCo International Inc. (PINKSHEETS: 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 today's 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, I'm actually driving to visit and sign the definitive agreement with our recent acquisition. I'm 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, eating 10 raw potatoes can result in a toxic response. By comparison, it is physically impossible to eat enough marijuana to induce death. Marijuana in its natural form is one of the safest therapeutically active substances known to man. By any measure of rational analysis marijuana can be safely used within the supervised 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 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, co-founder 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 relationships 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 forward-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," "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 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 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 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 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 an d the presence of new or additional competition and conditions of equity markets.
Contact:
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SOURCE: SutimCo International Inc.
