SUTIMCo International, Inc. Announces Significant Short-Term Growth Objectives

SANTA ANA, Calif., June 22, 2011 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) announced today a set of significant short-term goals, including key growth initiatives for the Company, in a "Letter to Shareholders." The report is a direct communication from Fred Rogers, the newly appointed Chairman of SUTIMCo International, Inc., offering an overview of the Company's history to better understand its current core business model as well as the Company's goals for the remainder of 2011.

The "Letter to Shareholders" (available at http://www.otcmarkets.com/stock/SUTI/financials) provides a snapshot of the Company's activities, through its wholly owned subsidiaries AquaStar Corporation and SUTIMCo, Inc., in the emerging technologies market since 2006 relating to the commercialization of technologies based on University science research.

As outlined in his letter, Mr. Rogers illustrates how the new SUTIMCo business model has generated immediate results through the signing of three separate Venture Accelerator Agreements.  These agreements are expected to result in more than $1.8 million in annual revenue.  SUTIMCo, Inc. has currently partnered with three start-up companies conceived from Texas A&M, the University of Arizona and SUNY Binghamton and developed technologies looking to take their innovative leading edge research to the marketplace. In addition, SUTIMCo is participating in the evaluation of technology-based projects from six other major American Universities, including UC San Diego, Arizona State University and Penn State University for their commercial viability.

In addition, SUTIMCo International's wholly owned subsidiary, AquaStar Corporation, developed an air cooling system that utilizes water as a coolant. The Texas A&M technology was designed to eliminate the environmentally hazardous chlorofluorocarbons (CFCs) and hydro chlorofluorocarbons (I-CFCs). The Company is currently working to raise money in order to develop prototype products for this technology.

"I am pleased with the accomplishments the Company has achieved in recent months and am excited to lead SUTIMCo as a public company," stated Fred Rogers, Chairman of SUTIMCo International, Inc. "Increasing the commercial success rate of university developed technologies has long been a passion of mine, and I believe that SUTIMCo offers a real opportunity to make significant progress toward that goal."

For more information on AquaStar Corporation, please visit: www.aquastarcooling.com

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, AquaStar Holdings 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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SOURCE SUTIMCo International, Inc.