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.ioand updates to the new business plan and a master development program for 2022.
Management is also today announcing the launch of the cryptocurrency SUTI, Sovern Utility Token International. (SUTI)
The new utility tokens, SOVERN, allow the company, its associates, vendors and service providers to conduct financial transactions and merchant processing with ease and without compliance issues or impediments. (Regardless of any current or future Category 1 MJ legislative decisions, or changes in current MJ laws). Venues representing the Soverns of SUTI will include: www.Sovern.cc and www.theSovern.com.
The company is also releasing a corresponding NFT program related to the MJ industry and market space, featured on upcoming www.SutiNFT.com.
The company continues its relationship with the Caesar fund and is getting closer to follow in the footsteps of its mentors to move to NASDAQ.
“One of our investors, mentor, and his companies help us in our marketing and media development. MW, as we call him, recently successfully transferred 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 commercial agreements and relationships with other major brands, such as our recent agreement with N8 Essentials. From now on, our customers will be able to see and buy our products on www.suti.io” explained Edward Vakser, President and CEO.
The company continues on its trajectory to complete the business plan and its goal, with an eventual goal of moving the company to the next trading level and eventually trading on the NASDAQ.
Recently, the company shared the following updates:
Management has recently acquired several software packages and programs to add and enhance its own “secure” and “encrypted” systems. Not to be outdone by several SUTI “sister” companies, SUTI will use these developed codes to launch its own set of NFTs and cryptocurrencies. However, alongside this further market space expansion, SUTI management will continue to focus on building “transactional” relationships with merchant processing, financial institutions, banks and merchants, focusing on the growing economy sectors MJ and CBD.
“Using the protection and security protection associated with blockchain technology and related software will enable SUTI to transact with its customers, suppliers and end users, without the barriers normally associated with banks and other regulated institutions. As a bonus, SUTI will now have its own MJ NFTs and cryptocurrencies on the market in Q2. This will improve the asset base, the company’s balance sheet and add shareholder value!” explained Edward Vakser, CEO.
About Sutimco Inc.
Sutimco Inc., is a development company whose goal and design is to enter a new and emerging secure and encrypted world of digital currencies, NFT and NFA assets, built on Block Chain and secure platforms for banking, transactions and currency processing and marketing. Recently, SUTI has focused on the emerging and developing sectors of the medical and recreational marijuana and cannabis market. The company is developing relationships and contracts with product and service providers that cover all aspects of this new and emerging market sector and is developing its own digital currency for MJ commerce.
Forward-looking statements: Information in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify such statements by the words “may”, “will”, “should”, “anticipates,” “expects”, “anticipates”, “continues”, “estimates”, “projects”, “intends”, and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results actual differ materially from those projected or anticipated.These risks and uncertainties include, but are not limited to, general economic and business conditions, the effects of ongoing geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in the completion of various engineering and manufacturing programs, changes in model customer orders, changes in ts in product line, the continued success of technological advances and the delivery of technological innovations, component shortages, production delays due to performance quality issues with outsourced components, and various other factors beyond the control of of the society.
This press release contains “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 “statements prospective”. .” Forward-looking statements include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend” , “anticipate”, “anticipate”, “plan”, “plan”, “expect”, “believe”, “probably will”, “should”, “could”, “would”, “could” or words or phrases of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the actual results and financial condition of the company to differ materially from those included in the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those related to the ability to develop its business. Actual results may differ materially from anticipated results and published results should not be relied upon as an indication of future performance. Potential risks and uncertainties include, among others, the Company’s limited operations. competitive history, limited financial resources and national or global economic conditions — the activities of competitors and the presence of new or additional competition and stock market conditions.