SUTIMCo International, Inc. Retains Multinational Investment Banking Firm
SANTA ANA, Calif., June 24, 2011 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) is pleased to announce that the Company has retained Pacific International Capital www.pi-cap.com to assist in identifying and evaluating the Company's strategic alternatives for growth, including future financing. The Pacific International Capital global investment banking team will immediately begin work with the Company on key initiatives already underway; including implementation of a capital raise for both the AquaStar Cooling and Capwave Sensors.
Pacific International Capital and its team have provided international investment banking, advisory, business development, operations and project management for industries and governments across multiple sectors. Pacific International client references include small to middle growth companies and major multinationals such as: American Standard, General Electric and Ingersoll Rand, as well as U.S. and foreign government agencies.
Mike Skellern, Pacific International Capital's CEO stated, "We are pleased to provide our professional services to such a strong group as SUTIMCo and exciting projects like AquaStar and Capwave. We believe this will be a profitable and long term relationship for both parties and we look forward to facilitating more transactions in the future."
"We are pleased to have partnered with Pacific International Capital and are confident in their ability to assist SUTIMCo executing on strategic alternatives designed to help us maximize our Company's potential value and in turn shareholder value. We hope this is the first of many like assignments and a long term relationship," stated Fred Rogers, Chairman of SUTIMCo International, Inc.
For more information on SUTIMCo, its portfolio companies, and University partners, please visit; http://www.suti.com
About Pacific International Capital:
Pacific International Capital is a veteran-owned business consisting of a dedicated team of international business and financial professionals who leverage decades of transactional and relevant operational experience in business, military and government to provide financial and business solutions which deliver maximum value for our clients. Pacific International Capital provides conflict-free, transparent, and value-driven investment banking and advisory services for companies with annual revenues from $10 to $100 million. For more information on Pacific International Capital, please visit; http://www.pi-cap.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.
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SOURCE SUTIMCo International, Inc.
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