SANTA ANA, Calif., Aug. 8, 2012 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) announced today plans to acquire additional University based technologies in a "Letter to Shareholders". The report is a direct communication from Fred Rogers, the President and Chairman of SUTIMCo International, Inc., offering an overview of the Company's history to better understand its current core business model as well as the Company's goals for the remainder of 2012.
The "Letter to Shareholders" (available at http://www.otcmarkets.com/stock/SUTI/filings ) provides a snapshot of the Company's activities in the emerging technologies market since 2006 relating to the commercialization of technologies based on University science research. The Company announced plans to restructure its agreement with SUTI Holdings which will allow SUTIMCo to negotiate and secure new University technologies as well as finance and support the growth and product development of the university developed technologies that SUTIMCo already manages.
Mr. Rogers further stated, "SUTIMCo has identified and plans to execute options to acquire at least 20 new University based technologies over the next 12 months."
As outlined in his letter, Mr. Rogers illustrates how 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, Advanced Material, Water Technologies, Media and Entertainment and Skin and Wound Care.
Each new technology startup benefits from SUTIMCo's early stage management expertise and administrative services, often absent in a traditional start-up company. SUTIMCo's well-defined systems infuse technology startups with early stage management teams and infrastructure, innovator-focused methodologies, processes and strategies, and a supportive, creative environment designed to reduce risk to stakeholders and accelerate large financial returns.
SUTIMCo's robust portfolio of relationships with prestigious American universities is unique and strategic. North American universities invest over $42 billion in science and technology research, with about 15,000 new technologies disclosed annually. SUTIMCo's portfolio of technology and innovation start-ups, in partnership with more than two-dozen of the nation's premier research universities, includes operating companies, companies in the pre-funding stage and projects in the development process. Each of these business entities is being advanced by the SUTIMCo management team and methodology.
Currently, SUTIMCo is working to fund and operate five Business Units, Quality of Life, Water Technologies, which will include its AquaStar Corporation, Media & Entertainment, Food Safety and Skin & Wound Care. 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's 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.
"I am pleased with the accomplishments the Company has achieved in recent months and am steadfast to lead SUTIMCo as a public company," stated Fred Rogers, President and Chairman of SUTIMCo International, Inc. "Increasing the commercial success rate of university developed technologies has long been a passion of mine and I believe that SUTIMCo offers a real opportunity to make significant progress toward that goal."
For more information on SUTIMCo, its portfolio companies, and University partners, please visit; http://www.suti.com
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.
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SOURCE SUTIMCo International, Inc.