SANTA ANA, Calif., Jan. 3, 2012 /PRNewswire/ -- SUTIMCo
International, Inc. (Pink Sheets: SUTI) is pleased to announce that
the Company is well positioned for growth in the new year.
SUTIMCo International, having just completed its recapitalization
plan for the balance of 2011, is now in position for long-term
sustained profitability moving forward in 2012. SUTIMCo
International completed the acquisition of SUTIMCo, Inc. in 2011
and as a result, the company has increased its sales and is now
profitable.
In order to complete the acquisition and the necessary equity
financing of its new business model, the board of directors elected
to recapitalize in 2011. SUTIMCo International finished the nine
months ended September 30, 2011, 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 Acceleration Agreements
signed with various university based technologies.
"SUTIMCo International doesn't plan on slowing down in 2012,"
stated Fred Rogers, Chairman of
SUTIMCo International.
Currently SUTIMCo International and SUTI Holdings have
relationships with over 35 universities and is currently working on
adding projects from the University of
Texas at Dallas, the University
of Arizona, the University of
California at Santa Barbara, Old Dominion, the
University of Maryland, the
University of New Mexico, Temple University, George
Mason University, the University of Utah, the
Wisconsin Alumni Research Foundation, the University of Pittsburgh, and the University of Missouri.
In addition, while no active technology is being evaluated
today, Penn State University, the
University of Michigan, Michigan State University, Clemson University, Texas
Tech, Vanderbilt University,
Purdue University, Boston University, Cornell
University and the Virginia Institute of Technology are all
schools that have working relationships with SUTI Holdings and
SUTIMCo International.
Mr. Rogers added, "These relationships with prestigious
universities across the country give SUTIMCo International a
significant edge."
SUTIMCo chooses universities to contribute the technology based
on the following theory:
- The Federal Government provides significant funds for research
and has chosen the universities as the official entities to do
research thus the technology development has been adequately
funded;
- Academic freedom and tenure requirements mean that university
researchers are more likely to discover paradigm shifting
technologies than other similar sources of technology;
- Research is the primary focus of university professors. It is
their job to produce discoveries;
- There is a law that governs how this technology should be
handled.
SUTIMCo International management believes that its key to
success is reduced cycle time, not just time to market, but actual
time to profitability.
For more information on SUTIMCo International, its portfolio
companies, and its university relationships, 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
International can avail itself of the encyclopedic, informal
knowledge of the inventor, his experience and his research
team.
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications that may arise could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The company is a development stage company that continues to
be dependant on outside capital to sustain its operations.
The company cautions that these forward-looking statements are
further qualified by other factors including, but not limited to,
those set forth in the company's filings with the OTC Markets Group
(available at http://www.otcmarkets.com). The company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events, or
otherwise.
Contact:
Investor Relations
407-389-5900
SOURCE SUTIMCo International, Inc.