SUTIMCO International INC Progress On Its Entrance Into The Cannabis Sector.
CHEYENNE, WY – February 12, 2015, – SutimInternational Inc. (OTC PK: SUTI) ("The Company")
My Fellow Shareholders,
Im writing today to update you all on our current progress. We are rapidly expanding our business plan as various opportunities are being presented daily. Im pleased to announce our first large scale project and further developments in operations.
I am 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 usuable 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 energy, chill, 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 devlop 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 be 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 weeks 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 Suntimco/Protek
