SUTIMCO International INC Announces Its First JV Shared Grow Agreement.

SUTIMCO International INC Announces Its First JV Shared Grow Agreement.

 

CHEYENNE, WY - February 23rd, 2015 - SutimCo Inc.

(OTC PK: SUTI) ("The Company")

 

 

     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.

 

     Each greenhouse will have approximately 30,000 sq.ft under roof with approximately 21,000 of grow space. The company will develop 10 acre plots with these greenhouse expanding as rapidly as license issuance will support. The property is in the Moses Lake region as the locale offers an adequate water supply, featuring a reverse osmosis system, and the cheapest electricity rates in the United States @ .02 per Kwhr.

 

     The company has formulated the following, per greenhouse, Revenue Forecast:

 

Revenue:      Year 1.                             Year 2.                              Year 3

                    $8,000,000.                      $22,000,000.                    $25,000,000

 

Net Income   Year 1.                             Year 2.                              Year 3

                    $6,000,000.                      $20,000,000.                    $23,000,000

 

Margins:       Year 1.                             Year 2.                              Year 3

                        74%                                  80%                                  88%

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.

 

The Company feels that a new and powerful social media and information web site would help the development and market expansion. Recently, the company acquired www.Hempster.club and   www,Hempster.rocks . The company is financing the 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 adapters 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” like 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.

 

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