SUTIMCo International, Inc. Headed for Profitability

SANTA ANA, Calif., July 20, 2011 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) is pleased to announce that the Company is expecting to report its first profitable quarter.  SUTIMCo International completed the acquisition of SUTIMCo Inc. and as a result, the Company has dramatically increased its sales and is now profitable for the first time.

SUTIMCo International finished the 2nd Quarter with revenues of $465,000 and a Net Profit of over $12,000.  The Company's increase in sales are a result of Venture Accelerator Agreements signed with various University-based technology companies.

"We are very pleased after our initial review of the financial statements.  We expect the profitability to continue as the Venture Accelerator Agreements represent mutual long-term commitments," stated Fred Rogers, Chairman of SUTIMCo International, Inc.

In further news, the Company has completed the execution of a new Venture Acceleration Agreement with Capwave Sensors, Inc.  The new agreement calls for Capwave to pay SUTIMCo an initial fee of $100,000 to be paid upon the execution of the Agreement and an annual retainer of $930,000 a year for 3 years as well as a 6% royalty of gross revenues.  In addition, SUTIMCo has the right to earn a 15% equity stake of the portfolio company upon a liquidation event as well as the option to acquire an additional 15% equity position in the portfolio company for a period of 2 years  The new Agreement also stipulates that SUTIMCo shall be appointed to the board of directors of each client company.

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.

Source: SUTIMCo International, Inc.
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