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From: straight-->arrow9/27/2022 1:44:27 PM
   of 37888
New Business Development LOI signed.
DALLAS, TX – September 27, 2022 – SutimCo Inc.
(OTCPK: SUTI) ("The Company")
The management is excited to announce that the company signed an LOI with Waste Tyre Solutions Inc.
SUTI will acquire Waste Tyre Solutions Inc., (WTSI) to expand its investments portfolio with new cash-
flow producing companies. Waste Tyre Solutions Inc., (WTSI) will become a “wholly owned subsidiary”
of Sutimco International Inc. The details and contract date will be announced shortly.
“Both management teams are excited with this development and believe that it will add tremendous value
to the shareholders and investors. We have several acquisitions in the works, and some are moving along
faster than others. We are equally excited by the fact that we are also able to use some of our recently
minted tokens for the acquisitions. This is a great opportunity across the board, as it will enhance our
bottom line and add value to our investment portfolio!” commented Edward Vakser/CEO (SUTI).
The management of SUTI is planning to “fast track” this deal as well as several others, and have them
completed before Q4, 2022.
About the company, Waste Tyre Solutions Inc., (WTSI)
The founder and key director has been involved in rubber-related industries for the past 15 years, from raw
rubber and servicing the retail tire markets & developing a unique tire recycling technology arm. Waste
Tyre Solutions Inc., have a very competitive edge especially in reducing the cost of production. With the
expertise of Waste Tyre Solutions Inc., the formulation and development of new and improved rubber
compounds used in the manufacturing of tire retreading materials and ability to leverage on downstream
activities to provide all valued customers with total tire retreading solutions to meet their specific needs.
“We believe the ability to integrate our business and operations across the upstream to downstream is the
key element to maintained competitiveness in the market. With a team of passionate chemists, our rubber
compounding formulations database has been frequently updated with various kinds of feedback from our
end-users in order to ensure our technologies and materials shall not be easily plagiarized, copied or used
by other competitors.”
Explained Soon Keng Poh/ CEO of Waste Tyre Solutions Inc.,
Company’s Vision:
To reinvent tire recycling by transforming the scrap tire into a valuable and sustainable
resource, making the rubber usage sustainable and protect the environment!
Company’s Mission:
To build profitable, sustainable, and global solutions for the collection, processing, and
recycling of scrap tires by developing and implementing innovative technologies and
business processes, and turn waste tire rubber into new materials, for use back in tire rubber
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