CHEYENNE, WY / CRWEPRESSRELEASE / July 28, 2015 /SutimCo Inc. (OTCMKTS:SUTI) (“The Company”) Today, the CEO and Management of the company would like to provide shareholders with an update on the progress of a previously announced acquisition agreement. On May 22, 2015 the company issued a press release with respect to an acquisition with DMND Inc. www.dmndinc.net. After much negotiation, management is proud to announce that a purchase agreement was recently signed and finalized. The terms of the sale include SutimCo acquiring a block of Class A Preferred and 144 common stock in exchange for 150,000,000 shares of SutiMco International Inc., 144 common stock. The shares acquired equal over 100% of the common voting rights of DMND INC. DMND Inc., located in Newport Beach, California, are manufacturers of diverse hemp products and have the licensing and manufacturing rights for distribution. This will allow SutimCo to have the opportunity to brand such products. DMND Inc. will be our wholly owned subsidiary. A share exchange was the best method for this particular deal and was the best structure for our company and shareholders. The successful conclusion of this purchase agreement is a prime example of SutimCos mission to seek partnerships with established brands and provide venture capital funds to manufacturers, growers and retail franchise operations. The company continues to concentrate its efforts on aggressive acquisitions. – Jorge Saenz, SutimCo Inc. CEO.
Some of the best recent Quotes:
“In strict medical terms marijuana is far safer than many foods we commonly consume. For example, eating 10 raw potatoes can result in a toxic response. By comparison, it is physically impossible to eat enough marijuana to induce death. Marijuana in its natural form is one of the safest therapeutically active substances known to man. By any measure of rational analysis marijuana can be safely used within the supervis ed routine of medical care.” – [DEA Administrative Law Judge - 1988] Francis Young
“When I was a kid I inhaled frequently. That was the point.” – Barack Obama, U.S. President quote on Marijuana
“I enjoy smoking cannabis and see no harm in it.” – Jennifer Aniston quote on Marijuana
“At the end of 2014, 15,992 people were licensed to work in the marijuana industry in Colorado alone, an increase of 143% over the previous year.”
“A recent report from The ArcView Group, a cannabis research and investment firm, dubbed legal marijuana the fastest-growing industry in the U.S. and valued it at $2.4 billion in 2014 – the year legal, recreational marijuana sales first started in Colorado. ArcView is expecting the industry to grow by another 32% this year.”
“I think people need to be educated to the fact that marijuana is not a drug. Marijuana is a flower. God put it here.” – Willie Nelson
“2014 was the year where the cannabis industry went from being an interesting casual conversation to something any serious business person has given a fleeting thought,” said Troy Dayton, cofounder of The ArcView Group.”Unlike other new industries, the demand for cannabis and related products already exists, driving the sector’s rapid growth. The industry grew from $1.5 billion in 2013 to $2.7 billion in 2014 – a 74% increase in one year, according to The ArcView Group’s latest market analysis report.”
“Federal and state laws (should) be changed to no longer make it a crime to possess marijuana for private use.” – Richard M. Nixon
About Sutimco Inc.
Sutimco Inc., is a development corporation with a focus and design to enter a new and emerging Medicinal and Recreational use Marijuana and Cannabis market sectors. The company is developing relationships and contracts with product and service providers that cover all aspects of this new and emerging market sector.
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Re form 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.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange A ct of 1934. Certain statements set forth in this press release constitute “forward-loo king statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan “, “planning”, “expect”, “believe”, “will likely”, “should”, “could”, “would”, “may” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company actual results and financial position to differ materially from those included within t he forward-looking statements. Forward-looking statements involve risks and uncertain ties, including those relating to the Company’s ability to grow its business. Actual result s may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, and domestic or global economic conditions — activities of competitors an d the presence of new or additional competition and conditions of equity markets.
SOURCE: SutimCo International Inc.