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.
sutimcoceo@gmail.com
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