SANTA ANA, Calif., Nov. 22, 2011 /PRNewswire/ -- SUTIMCo
International, Inc. (Pink Sheets: SUTI) is pleased to announce that
the Company filed its Financial Report for Period Ending 9/30/2011.
SUTIMCo previously announced the acquisition of SUTIMCo Holdings
and as a result, the Company has dramatically increased its sales
and is now profitable.
SUTIMCo International finished the period, 9 months ending 9/30,
with revenues of $2,292,500 and a Net
Profit of over $61,000. The
Company's increase in sales are a result of Venture Accelerator
Agreements signed with various University based technologies.
"The Company has invested considerable resources in the
development of its technology partners. We believe in the long term
success of our business model and we believe our profitability will
continue as the Venture Accelerator Agreements represent mutual
long-term commitments," stated Fred
Rogers, Chairman of SUTIMCo International, Inc.
For more information on SUTIMCo, its portfolio companies, and
University partners, please visit; http://www.suti.com
About SUTIMCo International, Inc.:
SUTIMCo International Inc. is a holding company, which utilizes
a unique and established platform to launch new technology
enterprises based on world-class university research discoveries.
SUTIMCo International through its wholly owned subsidiary SUTIMCo,
Inc., provides experienced management to early stage companies,
reducing risk and assuring the know-how in launching and growing a
new company. In addition to this skilled management team, SUTIMCo
can avail itself of the encyclopedic, informal knowledge of the
inventor, his experience and his research team.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the safe harbors created thereby. The
Company is a development stage company who continues to be
dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Source: SUTIMCo International, Inc.
Investor Relations
407-389-5900
SOURCE SUTIMCo International, Inc.