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DALLAS, TX, May 02, 2022 (GLOBE NEWSWIRE) -- SutimCo Inc. (OTC Pink: SUTI) ("The Company") is pleased to announce the launch of the new website, www.SUTI.io, and updates to the new business plan and a master development program for 2022.
The management also announce today the launch of SUTI cryptocurrency, Sovern Utility Token International. (SUTI)
The new Utility tokens, SOVERN, allow the company, its associates, vendors, and service providers transact financial transactions and merchant processing with ease and without compliance issues or obstacles. (Regardless of any Category 1 MJ present or future legislative rulings, or changes in the current MJ laws). The sites representing SUTI’s Soverns will include: www.Sovern.cc and www.theSovern.com.
The company is also releasing a corresponding NFT program related to MJ industry and market space, featured on upcoming www.SutiNFT.com.
The company continues its relationship with Ceasar fund and is moving closer to follow its mentors’ footsteps to move to the NASDAQ.
“One of our investors, mentor, and his companies are helping us in our marketing and media development. MW, as we call him, had recently successfully moved one of his companies to NASDAQ, and his development and marketing team is helping our company move in that direction. We continue to develop our own MJ, CBD and Hemp related products, while pursuing business deals and relationships with other leading brands, such as our recent deal with N8 Essentials. Now our clients will be able to see and buy our products at www.suti.io” explained Edward Vakser, Chairman/CEO.
The company continues on its trajectory to complete the business plan and its objective, with a final goal to upgrade the company to the next trading tier and eventually to trade on NASDAQ.
Recently, the company shared the following updates:
The management recently acquired several software packages and programming to add and enhance its own “secure’ and “encrypted” systems. Not to be outdone by SUTI’s several “sister” companies, SUTI will use these developed codes to launch its own set of NFT’s and cryptocurrencies. However, along with this new market space expansion, SUTI’s management will continue to focus on setting up “transactional” relationships with merchant processing, financial institutions, Banks and traders, focusing on MJ and CBD growing sectors of the economy.
“Utilizing the safety and security protection associated with “blockchain” technology and related software, will allow SUTI to transact with its clients, suppliers and end users, without the obstacles that is normally associated with Banks and other regulated institutions. As an additional bonus, SUTI will now have its own MJ NFT’s and Cryptocurrencies coming to the market at Q2. This will enhance the company’s asset base, balance sheet and add to the shareholders value!” explained Edward Vakser, CEO.
About Sutimco Inc.
Sutimco Inc., is a development corporation with a focus and design to enter a new and emerging Secured and Encrypted world of Digital currencies, NFT and NFA assets, built on Block Chain and secured platforms for Banking, transactions and currencies processing and merchandizing. Recently, SUTI was focused on emerging and developing Medicinal and Recreational use Marijuana and Cannabis market sectors. The company is developing relationships and contracts with product and service providers that cover all aspects of this new and emerging market sector and developing its own digital currency for the MJ trade.
Forward-Looking Statements: 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 guarantees 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.