New Acquisition Shareholders Updates.
CHEYENNE, WY -- July 28, 2015 -- InvestorsHub NewsWire
-- SutimCo Inc. (PINKSHEETS:SUTI)
("The Company") Today, the CEO and Management of the company would
like to provide shareholders with an update on the progress of a
previously announced acquisition agreement. On May 22, 2015 the
company issued a press release with respect to an acquisition with
DMND Inc. www.dmndinc.net. After much negotiation, management is
proud to announce that a purchase agreement was recently signed and
finalized. The terms of the sale include SutimCo acquiring a block
of Class A Preferred and 144 common stock in exchange for
150,000,000 shares of SutiMco International Inc., 144 common stock.
The shares acquired equal over 100% of the common voting rights of
DMND INC. DMND Inc., located in Newport Beach California, are
manufacturers of diverse hemp products and have the licensing and
manufacturing rights for distribution. This will allow SutimCo to
have the opportunity to brand such products. DMND Inc. will be our
wholly owned subsidiary. A share exchange was the best method for
this particular deal and was the best structure for our company and
shareholders. The successful conclusion of this purchase agreement
is a prime example of SutimCos mission to seek partnerships with
established brands and provide venture capital funds to
manufacturers, growers and retail franchise operations. The company
continues to concentrate its efforts on aggressive acquisitions.
-Jorge Saenz, SutimCo Inc. Ceo
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 companyactual 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.
Contact: stassan@sutimcointernational.com