SutimCo Inc, Shareholders update.
SutimCo to announce new Management Team.
DALLAS, TX – October 12, 2014, –SutimCo Inc. (OTC PK: SUTI) ("the Company")
The company is proud to announce its new management team....
SutimCo is proud to announce its new management team effective immediately:
CEO – Luther Jeffries – Mr. Jeffries brings over 20 yrs experience of upper level management in such companies as Starter, 1-800-pro-team, Midland Foods, Aldi USA, Champion/Sara Lee and also owned a multi-unit chain of jewelry stores. His immediate focus will streamlining the acquired business plan from Luxuriant Holdings and continuing with the most cost effective areas. Mr. Jeffries stated “I’m very excited to pick up where we left off in April. I have been able to evaluate the many projects were involved with and expand on the best and drop some off the under producing ideas. I ill elaborate over the next couple of weeks and publish our new plan”.
Chairman Of The Board – Michael Ronchetti – SutimCo would like to announce the appointment of Michael Ronchetti to our Board of Directors. Michael brings over 20 years of retail sales in the mortgage and consumer lending industry working for both banking and non-banking institutions. The vast majority of his experience has been served in positions ranging from Area Manager, VP of National Sales, Regional VP, and Director of Secondary Markets. His talents of expertise are underwriting, marketing, product development, capital markets, P&L analysis, strategic planning, and loan servicing. Mr Ronchetti holds a B.A, in Business / Law Economic from San Diego State University graduating near the top of his class. Mr. Ronchetti has work for such firms as CitiFinancial Mortgage, Countrywide, Accredited HFD/Aames Home Loans, Chase, Paramount Equity Mortgage, Bank of England, and American Financial Network. "I am extremely excited to have Mr. Ronchetti join our Board of Directors, his vast mortgage and real estate experience fits perfectly in our business model from VC to Franchise" said Mr. Jeffries. Mr. Ronchetti appointment is effective immediately.
Board Member – Jorge Luis Saenz -.SutimCo is proud to welcome Jorge Luis Saenz to the BoD of our company. Mr. Saenz brings a wealth of experience to our company such as event organization and planning, widespread contacts in the Cannabis Industry, and excellent public communication skills. Mr. Saenz is holds a degree in business from Eastern Michigan University. He is Bi-Lingual Spanish/English and has a wealth of business and organizational experience stretching back 20 years. He is currently CEO of Kolbe Global Logistics hick produces their proprietary product EcoVape cannabis infused Vape Oil. Kolbe has been hard at work expanding their product line and vertical integration of their supply chain.
Board Member – Michael Frey – Over 25 years Horticulture and Botany experience. Maintained family owned business of 40 acres in Plant propagation, nursery growing 100's of species from flowers to evergreens. Recently moved to East Coast to start consultant operations covering horticulture, specializing in medical cannabis. Currently consulting on 5000 sqf grow 192 plants with 15 separate strains.
Board Member - Bruce Lytle – Over 15 years’ experience with Hydro and Soil consulting for California growers in the cannabis industry. Recently moved to East Coast to start grow operations in East Providence RI.
Mr Frey and Mr. Lytle bring a wealth of growth knowledge in hydroponics and soil production to help us fill the largest void existing in the Cannabis sector today, supply. As I stated above we ill be moving forward ith the areas of our existing plan which have the ability to produce explosive immediate growth such as supply, edibles, cutting edge technologies, and finance. We will further explain our streamlined plan within two weeks.
Please visit our Facebook page for frequent updates: https://www.facebook.com/Sutimco
About SutimCo, Inc.
New government laws regulating the sale and consumption of marijuana provide unprecedented opportunities for financial gain. This rapidly growing industry is expected to gross over $2 Billion dollars in 2014 from the sale of legal recreational cannabis. Across the USA, many states are legalizing and taxing the sale of cannabis for medical and recreational use, a trend likely to continue over the next decade. The 420 industry is attracting many talented professionals and enthusiastic investors seeking profits.
SumitCo is a leader in both the medical and recreational cannabis industries. The company will seek partnerships with established brands and provide venture capital funds to manufacturers, growers and retail franchise operations. Vertical integration will allow SumitCo control over the production, transportation and sale of cannabis in legal markets, such as Washington and Colorado..
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.
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