And...New Business Developments and Dividend Updates. Jorge getting her done...WOW!!
DALLAS, TX – July 1, 2015 – SutimCo Inc.
(OTC PK: SUTI) ("The Company")
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 forpayment)
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 these 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.
Recently the Company announced:
The company and its representatives had a very productive visit with the investors and service providers at the NIBA convention at Newport Beach, California. NIBA, the National Investment Bankers Association, was a very productive and successful visit for the company’s management and consultants. The company continues to establish relationships and further enhance its position with Institutional Investors and Hedge Funds.
“We already have a good handle on the first tier early stage funding with our current investors and consultants. What contacts at NIBA allowed us to do, is to establish a higher level of investment and attract institutional investors. We have a great business plan and a story that attracts the investment community who is interested in investing and developing areas that are new and growing.The Cannabis/MJ sector is both unique and under developed. This is very attractive to those investors who feel that we have a great understanding of the market space and yet we are smart enough to arrange our own nontoxic financing for the early stages of our development. Our goal is to expand our reach into this ever growing market segment without compromising our principals,our shareholders value and our PPS.” Stated Mr.Saenz, CEO of SutimCo International
Recently, the company made following announcements:
The company and the management announced following shareholders updates: 1. The completion of the acquisition LOI, with a target date of July 1st to sign adefinitive agreement. Funding the deal by July 6 th, 2015.
2. Completed a negotiation with hemp edibles group in California, with an LOIsigning targeted for July 8th, 2015.
3. Began negotiations with a dispensary, growers group and a delivery services. Targeted completion date August 1st,2015.
4. New hemp energy drink and a hemp enhanced pills for wellness and male
enhancement, targeted for August 2015 release.
5. New Credit card processing and encryption software to protect against “identity theft” and safe transactions for the consumers. (Designed for the www.Hempster.club) Target date August 2015.
6. Our representatives are being well received at the NIBA conference in
Newport Beach. We are negotiating new acquisitions and have tremendous interest from the institutional investors and several hedge funds.
“I’m extremely excited about the recent developments and business expansions that our company already achieved in such a short time. I’ve made my commitments to the shareholders to complete the projects and grow this company and I’m excited to be surrounded by a very supportive management team and a shareholder base. The support behind my leadership and ideas that I bring is what’s energizing the very positive response from our investors and shareholders which enables me to expand and deliver on the commitments and promises that I made. I also would like to reiterate that we are acquiring the new deals with cash and stock. However, our shares that we use for acquisitions are 144 restricted (1 year restricted), and these deals will not interfere with our pending dividends nor will there be any need for any reverse splits. Our market capitalization is healthy and very manageable considering our plans for gr owth and acquisitions.” Stated Mr. Saenz, CEO/SutimCo International Inc.
Recently the company announced:
The company is in the process of launching a new website and is filing for the new name change as well as the ticker symbol change to reflect and define the company’s identity and the new business direction.
Recently, the Governor Abbott of Texas signed medicinal marijuana bill that will allow Texas to enter into the Cannabis/MJ market segment. This new development confirms and reinforces our company’s plan to establish operations and businesses in as many states as possible. Some of the states already approved medicinal use and some of the states are moving towards recreational use and even a full legalization.
“We want to establish a great foundation and become early adopters of this market space and “stake out” our territories while continue on the path of expansion and new business developments. We will focus on rebranding our company and focus on becom ing a new market leader in the Cannabis and Marijuana market sectors.” Stated Mr.Saez , CEO of Sutimco International Inc.
