SANTA ANA, Calif., May 29, 2012 /PRNewswire/ -- SUTIMCo
International, Inc. (Pink Sheets: SUTI) is pleased to announce that
the Company has begun the evaluation process on four new University
projects for its Multimedia Business Unit.
In April of 2011, the Company completed the acquisition of
SUTIMCo, Inc. (www.SUTI.com) a provider of management services and
infrastructure for emerging technology companies based in
Santa Ana, CA. As part of the
agreement, AquaStar Holdings acquired 100% of the shares of SUTIMCo
Inc. in exchange for $9,500,000. SUTIMCo is in the process of
evaluating over three dozen technologies for its business
units. Once SUTIMCo management is satisfied with the
commercial viability of the technology, the Company will enter into
a VAA agreement and begin the process of securing new financing to
support the growth and product development of the university
developed technologies that SUTIMCo manages.
SUTIMCo's early stage management services and infrastructure are
provided through strategic Business Units (distinct functional
areas that manage and support up to four portfolio companies). The
mission of each Business Unit is to finance, grow and sell
successful companies as they mature out of the start-up stage and
become attractive to larger companies. SUTIMCO plans to
operate Business Units in the areas of Quality of Life,
Alternative Energy, Food Safety, Environmental Technologies,
Advanced Material and Media and Entertainment.
SUTIMCo's Media and Entertainment Business Unit is currently
evaluating a Social Navigation Network, which is a unique
application in the online mapping market segment, a sports
interactive television technology which will give new power to the
sports enthusiast, an interactive eBook technology, and a new
interactive touch screen game controller to participate in the
video game market that is expected to exceed $112 billion by 2015.
As the managing entity, SUTIMCo manages investment dollars and
all aspects of the early stage Company's initial activities
including product definition, product development, marketing,
sales, finance, human resources, and team building. SUTIMCo
continues to provide overall developmental and administrative
support services to each operating portfolio company until the
company can stand alone or be sold. With the financing for each
portfolio company coming through the Business Unit, risk is spread
among multiple projects all the while increasing the likelihood of
success through deployment of SUTIMCo's unique methodology.
The SUTIMCo business strategy avoids the limitations of working
solely with one technology; the strategy allows the Company to have
access to the greatest minds around the country and it allows the
management team to "cherry pick" the very best technologies taking
innovation from laboratory to marketplace. The benefit from
SUTIMCo is twofold; (one), the Company can realize the immediate
revenue generated from the Venture Acceleration Agreements in place
with the various Business Units; and (two), SUTIMCo then works with
the companies in their development having the option to acquire the
"cream of the crop." This allows SUTIMCo, as a management
company, to go ahead and look at the various technologies that are
coming from all the major universities, assist them in securing
funding, develop them and then take an equity position in the best
ones.
Currently SUTIMCO is working to fund and operate three Business
Units; Quality of Life, Environmental Technologies, which will
include its AquaStar Corporation, and Alternative Energy.
Although the new business model is tremendously profitable,
SUTIMCo's clients do not have the capital necessary to pay SUTIMCo
on a timely basis. SUTIMCo must wait for its clients to either
raise money or generate revenues in order to receive money from its
Venture Accelerator Agreements (VAA). SUTIMCo management
believes that the short term risk will pay off as the technologies
behind the VAA are based upon both University Research and
Government support.
For more information on SUTIMCo, its portfolio companies, and
University partners, please visit http://www.suti.com. Please
visit http://www.otcmarkets.com/stock/SUTI/financials to review the
complete "Letter to the Shareholders" and SUTIMCo financial
reports.
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.
Investor Relations
ir@boostmarketingnow.com
SOURCE SUTIMCo International, Inc.