ProTek Capital Inc (PRPM)

[KoenigSalomon]

SutimCo Inc, Shareholders update.
Shareholders Update


DALLAS, TX – October 24th , 2014, –SutimCo Inc. (OTC PK: SUTID) ("the Company")
Shareholders Update


DALLAS, TX –October 24th, 2014, –ProTek Capital, Inc. (OTC PK: PRPM) ("the Company") announces today a shareholders updates.


The Management and the CEO would like to publish the details of the recent developments and company updates.

I would like to take this opportunity to cover a few issues that have been raised over the last couple of weeks and I have been unable to answer as I have been waiting for these issues to be finalized.

First and foremost the question of Mr. Vakser. Many people have asked about what place Mr. Vakser has in our new company SutimCo. I’m happy to announce that Mr. Vakser has tendered his resignation as he ill be moving on to other projects. The matter was finalized with the BoD yesterday and will be filed with the state on Monday. We are greatfull for Mr. Vaksers help in acquiring SutimCo for Proteks shareholders and wish him well on his future ventures.

Second I would like to explain the share transfer to Protek shareholders so they can better understand the process we are executing, they are as follows:

Both companies ProTek Capital Inc., (PRPM) and SutiMco International Inc., (SUTID) began a merger and management integration process. Combining the strength and marketing of both companies as soon as possible.

In exchange for the assets, the shareholders of PRPM will receive shares from SUTID as a dividend. The company anticipates the completion of merger and integration by the end of October. At which point, the company’s attorneys will file with FINRA for the “Ex-Dividend”.

We realize that there’s much speculation and lack of knowledge as to how the “Ex-Dividends” work. Here I will attempt to give a brief explanation, and help to explain the process as well as the potential time frame for the Dividends. (More information at www.finra.org )

The Process:
1. The company completes the Merger (October).
2. Attorneys file with FINRA for the dividend. (end of October)
3. The Ex-Dividend date is established and announced.
4. FINRA sends a request to DTCC with the “record date” for a dividend.
5. The “payable date” is announced and DTCC transfers SUTI shares to the shareholder of PRPM shares who is the record owner of the security.
6. The conversion formula: 1 share of SUTI for every 10 shares of PRPM.

We expect to have these dates shortly and immediately execute the share transfer.


To date these were the biggest concerns sent to me by the investing public. I am very pleased with our first deal with Kolbe and believe we will see revenue generation in the first months of operation. I will be updating you with our second deal by Wednesday or Thursday at the latest of next week. We will also be updating otcmarkets with management and reduced share structure changes by end of next week.


Thank You

Luther Jeffries

Please visit our Facebook page for frequent updates:

https://www.facebook.com/Sutimco



Luther Jeffries
CEO
SumitCo Inc.

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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