SUTIMCo International Inc. Adds Former CPA Now Practicing Attorney to its Board of Directors
Company Appoints Mr. Marc H. Schtul Chairman of the Audit Committee
SANTA ANA, Calif., June 30, 2011 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) is pleased to announce that Marc H. Schtul has agreed to join the Board of Directors and has been selected as the Chairman of the Audit Committee for SUTIMCo International, Inc. Mr. Schtul served as the President and CEO of the Cherry Creek North Business Improvement District as well as General Counsel for a large manufacturing company. In addition, Mr. Schtul has spent several years working with a number of regional CPA firms and as an investment consultant at a national financial services firm.
Schtul is a former Certified Public Accountant and currently an Attorney at Law. Mr. Schtul earned a Bachelor's Degree in Accounting, cum laude, from the University of Denver School of Accountancy in 1984 and returned to the University of Denver, College of Law graduating in 1992. In 2008, Mr. Schtul helped found Webb & Schtul, LLC, where he serves as the firm's Director of Litigation Services. In addition to his responsibilities to the firm and its clients, Mr. Schtul also serves on a regular basis as an arbitrator for FINRA.
"I am pleased to join SUTIMCo's effort in bringing University based technologies to the market and look forward to bringing my combined experiences to help management guide SUTIMCo to significant revenues and market leadership," stated Mr. Schtul.
"Mr. Schtul's experience will prove to be a huge asset to the Corporation," stated Fred Rogers, Chairman of SUTIMCo International, Inc. "Marc is uniquely qualified for this role on the committee and will work with the Company's management and independent auditors as the Company transitions into its next phase of growth."
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.
SUTIMCo International, Inc.
Investor Relations
407-389-5900
SOURCE SUTIMCo International, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article