SUTIMCo International Inc (SUTI)

[dukeb]

Does this mean that the magical liability spin-off is canceled? I was really looking forward to that.

Prior PR signed by (ex) CEO Saenz

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.