SutimCo Provides New Business Development and Shareholder Updates
Dallas, Texas--(Newsfile Corp. - June 4, 2020) - SutimCo Inc. (OTC Pink: SUTI) ("SUTI") ("The Company") is pleased to announce it has secured a web based, mobile app enabled processing software for its MJ and other B to B and person to person banking processing and safe transactions alternative. This universal software can handle any currency and transactions, including but not limited to digital currency and international currencies.
"This software package and solution, the management and I believe, offers a solution for a safe encrypted transactions and security for all commerce related transactions. Our company is focused on specific market segment and genre, MJ, CBD and Hemp related markets and industry, however, this will work for any business models and other markets and we hope to sell, trade, process or even license and private label this software asset to as many other companies that may show interest in this, what we believe will become, a game changing revolutionary processing software. Not to mention that we already set up deals with several public companies that we have financial interests in," stated Mr. Edward Vakser, SUTI CEO.
The management re formatted and updated its disclosure and financial file for the OTC Markets. The plan is to re file everything in the next 10 days. Once OTC Markets approves the filings, the company intends to file for an up listing to OTCQB and reducing its AS. (Authorized Shares)
The company recently announced several business developments, and while the country did suffer from a "shut down", the programmers and the management continued their objectives and completing the business development and milestones. Here is the recap of last updates posted in January 2020:
The Management is pleased to announce the new deal with PBS Holding Inc., and Greenbriar MJ Ventures. The company and its representatives had a very productive visit with the MJ growers in Oklahoma, and representatives of PBS Holding Inc. The deal is focused on SUTI setting up financing, distribution and banking for the MJ industry and the digital currency, banking and processing. The "Harvest" Insurance guarantee and the bonding is said to be worth at least $ 10 Million US, per occurrence, insuring income regardless of crop failure, acts of God, or other related issues. Our self-financed digital currency/crypto currency concept is being relaunched this year due to enormous growth and expansion in the MJ industry.
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 guaranteeing 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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