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CHEYENNE, WY - August 3, 2015 - InvestorsHub NewsWire
- SutimCo Inc. (OTC
PK: SUTI) ("The Company") Today, the ceo and management of the
company make the following updates to shareholders:
On Friday July 31, 2015, the company issued a press release with
respect to a company buyback of shares. In addition, today the
company has reached a final agreement with one of its noteholders
who exists from prior obligations. This note becomes due within the
next 60 calendar days. The company reached agreement with this
particular noteholder to retire a share block that exceeds 125
million stock shares. When these shares become available for
conversion, they will reflect as an additional amount in our
companys outstanding share count. The shares will then be retired
immediately thereafter. I am pleased with this outcome as it
eliminates a future liability.
With regards to the company buyback referenced in our Friday
press release, the company has finalized agreement for this action
which will take effect starting this week. The buyback will be
allotted for up to 150 million shares to be purchased on the open
market. The company has access to a funding group consisting of
private investors. The structure of this buyback was detailed in
our July 31, 2015 press release.
It is with great pleasure to announce that the new company
website (MJVC) is in its final stages of completion. We anticipate
its launch before the end of this coming week.
Kindest Regards,
Jorge Saenz, SutimCo Ceo
About Canna and the City:
Canna and the City is a medical marijuana dispensary that is
dedicated to providing their patients with the highest quality
medicine with the most enjoyable experience. They provide flower,
pre rolls, edibles and concentrates.
Some of the best recent Quotes:
In strict medical terms marijuana is far safer than many foods
we commonly consume. For example, eati ng 10 raw potatoes can
result in a toxic response. By comparison, it is physically
impossible to eat enoug h marijuana to induce death. Marijuana in
its natural form is one of the safest therapeutically active substa
nces known to man. By any measure of rational analysis marijuana
can be safely used within the supervis ed routine of medical
care.
[DEA Administrative Law Judge - 1988]
Francis Young
"When I was a kid I inhaled frequently. That was the point."
- Barack Obama, U.S. President quote on Marijuana
"I enjoy smoking cannabis and see no harm in it".
- Jennifer Aniston quote on Marijuana
"At the end of 2014, 15,992 people were licensed to work in the
marijuana industry in Colorado alone, an increase of 143% over the
previous year."
"A recent report from The ArcView Group, a cannabis research and
investment firm, dubbed legal mariju ana the fastest-growing
industry in the U.S. and valued it at $2.4 billion in 2014 - the
year legal, recreatio nal marijuana sales first started in
Colorado. ArcView is expecting the industry to grow by another 32%
this year."
I think people need to be educated to the fact that marijuana is
not a drug. Marijuana is a flower. God put it here Willie
Nelson
"'2014 was the year where the cannabis industry went from being
an interesting casual conversation to
something any serious business person has given a fleeting
thought,' said Troy Dayton, cofounder of The ArcView Group."
"Unlike other new industries, the demand for cannabis and
related products already exists, driving the sec tor's rapid
growth. The industry grew from $1.5 billion in 2013 to $2.7 billion
in 2014 - a 74% increase i n one year, according to The ArcView
Group's latest market analysis report."
Federal and state laws (should) be changed to no longer make it
a crime to possess marijuana for private use.
Richard M. Nixon About Sutimco Inc.
Sutimco Inc., is a development corporation with a focus and
design to enter a new and emerging Medicinal and Recreational use
Marijuana and Cannabis market sectors. The company is developing
rela tionships and contracts with product and service providers
that cover all aspects of this new and emerging market sector.
Forward-Looking Statements: The information posted in this
release may contain f orward-looking statements within the meaning
of the Private Securities Litigation Re form Act of 1995. You can
identify these statements by use of the words "may," "wil l,"
"should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend
," and similar expressions. Forward-looking statements involve
risks and uncertaintie s that could cause actual results to differ
materially from those projected or anticipa ted. These risks and
uncertainties include, but are not limited to, general economic and
business conditions, effects of continued geopolitical unrest and
regional confli cts, competition, changes in technology and methods
of marketing, delays in compl eting 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 d ue to performance quality issues with
outsourced components, and various other fa ctors beyond the
Company's control.
This release includes forward-looking statements within the
meaning of Sec tion 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange A ct of 1934. Certain statements set forth in
this press release constitute "forward-loo king statements.
Forward-looking statements include, without limitation, any stateme
nt that may predict, forecast, indicate, or imply future results,
performance or achievem ents, and
may contain the words "estimate", "project", "intend",
"forecast", "anticipate", "plan ", "planning", "expect", "believe",
"will likely", "should", "could", "would", "may" or wo rds or
expressions of similar meaning. Such statements are not guarantees
of future p erformance and are subject to risks and uncertainties
that could cause the companyactual results and financial position
to differ materially from those included within t he
forward-looking statements. Forward-looking statements involve
risks and uncertain ties, including those relating to the Company's
ability to grow its business. Actual result s may differ materially
from the results predicted and reported results should not be co
nsidered as an indication of future performance. The potential
risks and uncertaintie s include, among others, the Company's
limited operating history, the limited financia l resources, and
domestic or global economic conditions -- activities of competitors
an d the presence of new or additional competition and conditions
of equity markets.
Contact: stassan@sutimcointernational.com
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