SUTIMCo International, Inc. (Pink Sheets: SUTI) is pleased to announce that the Company has posted its Quarterly Earnings Report for Period Ending March 31, 2012 (http://www.otcmarkets.com/financialReportViewer?symbol=SUTI&id=81553). In addition to its Earnings, the Company has released a Letter to its Shareholders. SUTIMCo International completed the acquisition of SUTIMCo Holdings in 2011 and as a result, the Company has dramatically increased its sales and is now profitable.
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 has acquired 100% of the shares of SUTIMCo Inc. in exchange for $9,500,000, payable in $4,000,000 of preferred stock in AquaStar Holdings and $5,500,000 in cash to be paid within a 24 month period from the date of closing. SUTI Holdings has presently converted $1 million of their preferred shares into common shares of the Company. The Company's first objective will be to negotiate and secure 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 Business Units (parent companies 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.
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, it 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 Unit. 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 is 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.
SOURCE SUTIMCo International, Inc.