SUTIMCO International INC Announces Its First Acquisition for
2015.
CHEYENNE, WY -- February 25th, 2015 -- InvestorsHub NewsWire --
SutimCo Inc. (OTC PK:
SUTI) ("The Company")
The Company signed an acquisition
agreement with www.hempster.club and www.hempster.rocks . These new concepts Social
Networks and Phone Apps, once developed, will enhance the
communication and information gathering, sharing and dissemination
among its members, users and supply chain vendors. The Company
plans to launch these for Q3 and Q4 2015. The Company paid 150
million in free trading 144 common stock shares and 100 million in
restricted 144 stock.
“These shares are under a lock up agreement for 2 years,
and are subject to all “insider” leak out and sale
restrictions.
The intent for getting in
early on the social media and software part of the marketing is to
“stake out” our own territories in this new and emerging market
space. It is not known how the Federal Government will address all
these issues with more and more states legalizing the medicinal and
recreational use. We, however, feel that being an early stage
developer and adopters of these technologies can enhance our
companies’ efforts to become a major players in this field. ”
stated Luther Jeffries, CEO
In 2014, Luxuriant Holdings Inc., (an
acquisition that SUTIMCO Inc made), began developing “pilot”
programs and locations for the anticipated roll out of more states
legalizing the medicinal and then recreational use. The new Dallas
location and company’s new Medical Tsar will be announced at
February 27th, Press Release and Interviews.
“Friday (February 21st, 2015) marked the day that two
congressmen, Rep. Jared Polis (D-Colo.) and Rep. Earl Blumenauer
(D.Ore.) Introduced two bills that would essentially legalize,
regulate and tax marijuana at the federal level and thus ending the
U.S. government’s prohibition of the plant.Rep. Polis
introduced the Regulate Marijuana Like Alcohol Act,
which looks to take marijuana off of the Controlled Substances
Act’s schedules, transfers oversight of the substance from the Drug
Enforcement Administration (DEA) over to the Bureau of Alcohol,
Tobacco, Firearms and Explosives, and regulates marijuana in the
same ways that alcohol and tobacco is currently
regulated. Furthermore, Rep. Blumenauer introduced his own
Marijuana Tax Revenue Act, which would set up a federal excise tax
for regulated marijuana…”
The company’s management feels
vindicated and is even more excited about its direction and plan.
Over 23 new states have now passed legislation for legalizing and
more are announcing on their intent to do likewise. As the business
developers, we are constantly reminded of the possibilities of
current or a new administration reversing the course. We are also
aware of constant speculation in the markets and the shareholders
fear of whether or not the company’s plan could be shut down if the
Feds reverse the state laws.
Friday, Rep. Polis stated,
“While President Obama and the Justice Department have allowed the
will of voters in states like Colorado and 22 other jurisdictions
to move forward, small business owners, medical marijuana patients,
and others who follow state laws still live with the fear that a
new administration, or this one, could reverse course and turn them
into criminals… It is time for us to replace the failed prohibition
with a regulatory system that works and let states and
municipalities decide for themselves if they want, or don’t want,
to have legal marijuana within their borders.”
Sutimco will continue to
seek out any and all niche areas of the cannabis sector. The
company’s ultimate goal is to establish a footprint in as many
legal jurisdictions as possible prior the 2016 presidential
elections as we believe this will be the turning point in
legalization at the federal level. Making the company attractive
for either a buy out from a larger player such as big tobacco, or
the leap point for rapid deployment of niche products
nationwide.
Other Recent Events:
|
SUTIMCO International INC Announces Its First JV Shared Grow
Agreement.
|
Sutimco International announced today that it has
entered into its first JV MARIJUANA GROW agreement to plan, outfit,
start up, manage, and handle distribution. The company plans
to have its first greenhouses fully operational and growing within
six months of breaking ground. "We are very excited about this
tremendous opportunity to rapidly enter the supply market with a
substantial ROI, and at a very low cost to our company and its
shareholders.
Recently, the company negotiated several new
“medicinal” distribution locations that the management have been
developing since 2014. Along with the new JV’s for growing, this is
on track to eventually have representation and a foothold in every
state and province as the law allows.
e development of the new social media and phone apps that will
enhance the member’s experience and information exchange in the
Marijuana Market sectors.
“As the licensing, rules and regulations become country wide and
user friendly, we hope to become an early adopters and developers
to share the information and develop platforms for communication in
this exciting new market. We feel that people should have ready
access to the information and the service community that represents
the supply chain and vendor information in Marijuana Markets. The
enhanced “Social Network” such as www.Hempster.club, will
feature social commentary on the products and services available
worldwide, as well as the products availability, current rules and
regulations and product and services reviews. Some new and
developed territories will connect the users and suppliers while
others will offer information on the new and coming legislature and
local voting processes and developments. This will position our
company as the leader in this new and growing industry.”
Thank You
Luther Jeffries.
About Sutimco International Inc.
Sutimco Inc , is a development corporation with a focus and
design to enter a new and
emerging
Medicinal and Recreational use Marijuana market sectors. The
company is developing relationships and contracts with
product and service providers that cover all aspects of this market
sector.
Forward-Looking Statements: The information posted in this
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform 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 Act of 1934. Certain statements set forth in
this press release constitute "forward-looking 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's actual results and financial
position to differ materially from those included within the
forward-looking statements. Forward-looking statements involve
risks and uncertainties, including those relating to the Company's
ability to grow its business. Actual results 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
and the presence of new or additional competition and conditions of
equity markets.
sutimcoceo@gmail.com
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