SANTA ANA, Calif., Oct. 4, 2012 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) is pleased to announce that the Company has retained the services of L.L. Bradford to complete its financial audits so the Company can achieve its goal to up list to the OTC Markets OTCQB marketplace.
L.L. Bradford is a full-service public accounting firm with an umbrella of services that feature over 40 professionals with specialties in the areas of accounting, auditing, management consulting, and tax. The firm's client base features a kaleidoscope of industries, including construction, gaming, healthcare, non-profits, technology, and real estate investments. More information can be found at: http://www.llbradford.com.
SUTIMCo believes it's in the best interest of its shareholders to complete its audits and file with the Securities and Exchange Commission to become fully reporting. The Company is currently looking to raise capital for its various University projects and believes with greater transparency the market will recognize the significance of its efforts.
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 Water Technologies, Food Safety, Quality of Life, Consumer Products, Education and Learning, Skin Care and Resource Extraction.
SUTIMCo's portfolio of clients includes CAPWAVE sensors, WildCap Energy Inc., and AquaStar Corp., amongst others. 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 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'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.
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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