SUTIMCo International Posts Net Profit of Over $950,000 for First 6 Months

SANTA ANA, Calif., Aug. 12, 2011 /PRNewswire/ -- SUTIMCo International, Inc. (Pink Sheets: SUTI) today reported net revenues of $1,827,500 for the first six months of 2011 as compared to $100,000 for the first six months of 2010. Net income was $963,893 or $0.001 Earnings Per Share (EPS) on a diluted share basis compared to net income of $98,293 for the same period the year prior. The Company has posted its unaudited financial results for the period ended June 30, 2011 on the OTC Markets website http://www.otcmarkets.com/stock/SUTI/financials.

For the six months ended June 30, 2011, the Company reported total current assets of $1,527,036. Total assets at the end of the period include cash, cash equivalents and accounts receivable. 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 operates as a Venture Accelerator, offering development services to start-up companies for up to three years. The Venture Acceleration Agreement with each client company requires a one-time initial fee of $100,000 to be paid upon the execution of the Agreement. During the term of the Agreement SUTIMCo will receive an annual retainer of $930,000 a year for 3 years as well as a 6% royalty of gross revenues.  According to the terms of the Agreement, SUTIMCo has the right to earn a 15% equity stake of the portfolio company on a liquidation event.  In addition, each portfolio company grants SUTIMCo warrants to purchase an additional 15% equity position in the portfolio company for a period of 2 years. This offers SUTIMCo the ability to acquire equity in those projects that appear most promising at favorable prices. The new Agreement also stipulates that SUTIMCo shall be appointed to the board of directors of each client company.

SUTIMCo launches and manages businesses in health & wellness, energy/environmental, advanced materials, sensors and electronic technology ventures to build upon the research of a host of prestigious Universities across the United States. SUTIMCo's business model and methodologies help create high growth companies taking innovation from laboratory to marketplace.

"We believe in the SUTIMCo business model, and we are confident that the shareholders will continue to realize long term positive results," 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 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.