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$$SUTI

CHEYENNE, WY -- July 31, 2015 -- InvestorsHub NewsWire -- SutimCo Inc. (OTC PK: SUTI) ("The Company")



Today, the CEO and management of the company make the following updates to shareholders:

Share Buyback: We are pleased to announce that the company directors approved a plan to execute a buyback of shares on the open market beginning the week of August 3, 2015. These shares will be exchanged for certificates and classified as 144 restricted stock. Our transfer agent will ultimately identify these shares in the restricted share count of our company share structure. I am grateful that management agreed unanimously that a share buyback is a beneficial plan of action to attain our ultimate goals with the company. The intent of lesser market shares is to achieve a higher sustained stock price per share which generates stronger negotiating power during acquisitions. The timing of this company buyback is congruent with our exodus of convertible debenture agreements which exist from former commitments prior to my ceo position. The recent increases in our share structure are primarily attached to former 144 conversions becoming due (as evidenced in our previous company filings). Some of these notes have been satisfied directly by the company to avoid conversion onto the market. Management has agreed that no new note holders will exist at least through the end of the 2015 calendar year. At present Sutimco has sufficient access to funding as previously stated in our June 19, 2015 press release. In addition, as ceo, I have agreed to forfeit any salary for the remainder of 2015. To date, I have not received any compensation via cash or shares for my duties as ceo. I have voluntarily deferred all compensation until management and I can clean our books and bring our share structure to a manageable level which best benefits shareholders and the company. I intend to reap the benefits of our company along with shareholders, not prior to.

Accumulated Company Deficit: Management and I have been working diligently with our company accountant to substantially reduce our accumulated deficit on the books (as reflected in our quarterly filings). Our current plan in motion has allowed us to deplete a large portion of these liabilities. As previously mentioned in our June 4, 2015 and June 19, 2015 press releases, a spinoff of the company is in progress. Our private company is absorbing the majority of this deficit while our public trading company will retain the company assets with the benefit of a more tolerable overall liability amount. Although a reduction is anticipated to show in our upcoming 2nd quarter financials, the bulk of this reduction will be impacted in our 3rd quarter filing for 2015. I am quite pleased to report that management is estimating a total approximate 75% reduction of liabilities to be disclosed in our third quarter filing.



Name Change: As previously mentioned in our June 11, 2015 press release, the company is undergoing a name/ticker change. We filed for an official name change with FINRA. The Wyoming Secretary of State now recognizes us under our new name Marijuana Venture Capital Inc. Our new ticker symbol is expected to be MJVC. The change is expected to take effect in August 2015.

Dividends: As shareholders are aware, the dividend application (confirmation #2599731) was made and the copy of the paid receipt was issued as a company press release on July 1, 2015. Our first SutimCo dividend for Protek Capital has been reviewed by FINRA. We did receive a response with conditions. Much of the requested documentation necessary to execute this dividend is attached to information dating back to ProPalms Inc. (the former company). Management has been successful with obtaining all of the required information. Although the processing of this dividend took longer than expected, management intends to identify the dividend record date of July 15, 2015, as previously stated. The distribution date of this dividend is not expected to exceed 30 days of the July 30, 2015 stated date. The SutimCo outstanding share count already has a reserve for these shares (including those being retired as well). In addition, the second SutimCo dividend for ProTek shareholders is scheduled with a record date of September 15, 2015 (as stated in our June 10, 2015 press release). Last (as previously stated), SutimCo shareholders will receive their own 100 to 1 company dividend with a record date of October 1, 2015.



Canna and the City: We announced the completion of our venture with Canna and the City of July 8, 2015. I am extremely excited to inform shareholders that the doors are expected to open within the next few weeks. The timing is perfect as the Oregon governor just signed a bill, this past Tuesday, allowing retail sales of marijuana as of October 1, 2015. I would like to wish owners Scot and Lori a sensational grand opening. Since we are all in this together, lets help support them with their social media mission to obtain 1,000 twitter followers: https://twitter.com/cannantcity Jorge Saenz, SutimCo Ceo



About Canna and the City:



Canna and the City is a medical marijuana dispensary that is dedicated to providing their patients with the highest quality medicine with the most enjoyable experience. They provide flower, pre rolls, edibles and concentrates.



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