SUTIMCO International INC Announces Its First JV Shared Grow Agreement.
CHEYENNE, WY - February 23rd, 2015 - SutimCo Inc.
(OTC PK: SUTI) ("The Company")
Sutimco International announced today that it has entered into its first JV MARIJUANA GROW agreement to plan, outfit, start up, manage, and handle distribution. The company plans to have its first greenhouses fully operational and growing within six months of breaking ground. "We are very excited about this tremendous opportunity to rapidly enter the supply market with a substantial ROI, and at a very low cost to our company and its shareholders.
Each greenhouse will have approximately 30,000 sq.ft under roof with approximately 21,000 of grow space. The company will develop 10 acre plots with these greenhouse expanding as rapidly as license issuance will support. The property is in the Moses Lake region as the locale offers an adequate water supply, featuring a reverse osmosis system, and the cheapest electricity rates in the United States @ .02 per Kwhr.
The company has formulated the following, per greenhouse, Revenue Forecast:
Revenue: Year 1. Year 2. Year 3
$8,000,000. $22,000,000. $25,000,000
Net Income Year 1. Year 2. Year 3
$6,000,000. $20,000,000. $23,000,000
Margins: Year 1. Year 2. Year 3
74% 80% 88%
Recently, the company negotiated several new “medicinal” distribution locations that the management have been developing since 2014. Along with the new JV’s for growing, this is on track to eventually have representation and a foothold in every state and province as the law allows.
The Company feels that a new and powerful social media and information web site would help the development and market expansion. Recently, the company acquired www.Hempster.club and www,Hempster.rocks . The company is financing the development of the new social media and phone apps that will enhance the member’s experience and information exchange in the Marijuana Market sectors.
“As the licensing ,rules and regulations become country wide and user friendly, we hope to become an early adapters and developers to share the information and develop platforms for communication in this exciting new market. We feel that people should have ready access to the information and the service community that represents the supply chain and vendor information in Marijuana Markets. The enhanced “social Network” like Hempster.club , will feature social commentary on the products and services available worldwide, as well as the products availability, current rules and regulations and product and services reviews. Some new and developed territories will connect the users and suppliers while others will offer information on the new and coming legislature and local voting processes and developments. This will position our company as the leader in this new and growing industry.”
Thank You
Luther Jeffries.
AI
