SUTIMCo International Announces Formation of Eight Strategic Business Units
SANTA ANA, Calif., Feb. 3, 2012 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) today announced the formation of eight strategic business units with specific objectives to enable further investment and advancement to the company's portfolio of University based technologies. The new organizational structure will ensure a strong focus to bring the technology solutions to market with dedicated leadership.
The business units have been formed to better capture the growing market opportunities and address different technology attributes through: market segmentation, in order to align competitor analysis and marketing plans; economies of scale, through the alignment of technologies within market segments as functional programs and facilities can be shared and; experienced management, with market specific knowledge who works with senior management to define strategic direction.
"The formation of the business units will allow us to invest strategically over time in our people and in capabilities that will enhance solutions for the benefit of all SUTIMCo shareholders," said Fred Rogers, Chairman of SUTIMCo International.
Going forward, SUTIMCo will consist of the following eight separate strategic business units:
|
|
|
|
|
|
|
|
|
According to Mr. Rogers, "This plan has been in the works for some time in order to expedite the development and launch of the select technologies SUTIMCo partners with. I am excited to see the results from eight strong business units inside our company ready to take the lead and build upon the years of university research."
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.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Annual Report filing and other filings with the Pink OTC Markets (available at www.otcmarkets.com). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
Investor Relations
321-236-0240
SOURCE SUTIMCo International, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article