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SOUTHERN ITS INTAL INC - SITS STOCK NEWS

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Southern ITS International, Inc., operating through subsidiaries, is focused on oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment. With recent achievements like the commencement of a drilling project in Texas and acquiring an 80% stake in Kinzie LLC, the company aims to diversify its investment portfolio and capitalize on the e-commerce industry. Supported by its parent company, the organization seeks to grow and strengthen its operational base by acquiring successful businesses.

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Pure Oil & Gas, a subsidiary of Southern ITS International (OTC PINK:SITS), reports significant operational progress and secured $6 million in new funding for drilling projects. The company, managing 14 operating wells, has shown substantial monthly production increases from 175 barrels in June to an estimated 1,980 barrels in September. The company plans to complete 5 additional wells by the end of 2024 to expand its operations and boost production capacity.

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Pure Oil & Gas Inc., a subsidiary of Southern ITS International, Inc. (OTC PINK:SITS), has reported significant progress in its drilling operations and secured $6 million in fresh funding. The company currently manages 14 operating wells and has shown a substantial increase in production volumes over the past months:

  • June: 175 barrels
  • July: 514 barrels
  • August: 675 barrels
  • September (estimated): 1,980 barrels

Pure Oil & Gas plans to complete 5 additional wells by the end of 2024, which is expected to further boost production capacities. Jeremy Larsen, President of Pure Oil & Gas Inc., expressed optimism about the company's growth trajectory and its position for future success.

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Southern ITS International (OTC PINK:SITS) has increased its ownership stake in Ingenious Roasters, an Arizona-based beverage company, from 45% to 55%.

This move highlights Southern ITS International's confidence in Ingenious Roasters' growth potential.

The increased stake aims to leverage Southern ITS International's resources to enhance product offerings, brand visibility, and market penetration.

Ingenious Roasters plans to launch its first ready-to-drink beverage brand, 'JavaBrain,' in July 2024, starting with one SKU and expanding to four by the end of the year.

This development underscores the commitment of both companies to deliver exceptional products and experiences to consumers.

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Southern ITS International announced the acquisition of an 80% stake in Kinzie , an e-commerce company established in 2013. Kinzie started in the jewelry industry and has expanded into household items, surpassing $28 million in sales since inception. The acquisition is part of Southern ITS’s strategy to expand in the e-commerce sector. Gil Irey, President of Southern ITS, highlighted the strategic benefits of integrating Kinzie’s operations. Kinzie’s CEO, Jeremy Larsen, expressed optimism about leveraging Southern ITS’s resources for further growth. The deal aims to scale Kinzie's operations and enhance market presence, focusing on high-volume partnerships and maintaining its branded jewelry products.

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Southern ITS International, Inc. (SITS) expects a temporary status change to ' Information' on the OTC Pink Open Market due to review of ownership changes and election of new officers. The company anticipates the process to be completed within 2 weeks.
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Southern ITS International, Inc. (SITS) has announced the commencement of drilling of the first well in Pure Oil & Gas, Inc.'s new four-well project in Texas. The project has secured $2.2 million in funding, with production expected to commence within four weeks from the start of drilling operations. Pure Oil & Gas, Inc. has formed a strategic partnership with ICS Energy, LLC to optimize drilling operations and bolster its presence in the energy sector. Jeremy Larsen, President of Pure Oil & Gas, Inc., expressed enthusiasm for the project, emphasizing its substantial opportunity and the confidence in the collaboration with ICS Energy.
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Southern ITS International, Inc. (SITS) has filed a Form 10 Registration Statement with the SEC, marking a significant milestone in the company's growth and expansion plans.
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Southern ITS International, Inc. (SITS) proudly announces the commencement of oil sales from its subsidiary, Pure Oil & Gas, Inc., with a successful production of 510 barrels in Texas. The company has secured funding for a new four-well drilling project in Texas, with the first well scheduled to start drilling in December 2023. The collaboration with ICS Energy, LLC aims to optimize operations and strengthen Pure Oil & Gas's position in the energy sector.
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Southern ITS International announces partnership with Ingenious Roasters, LLC to develop brands in the beverage industry. Southern ITS holds a 45% stake. Initial focus will be on launching a nutrition drink infused with coffee. Collaboration with GetchaBrand for product launch and digital marketing. Ambitious plans for Q1 2024. Partnership and new division indicate growth potential.
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Southern ITS International, Inc. subsidiary Pure Oil & Gas completes drilling of successful well in Texas.
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FAQ

What is the current stock price of SOUTHERN ITS INTAL (SITS)?

The current stock price of SOUTHERN ITS INTAL (SITS) is $0.045 as of December 20, 2024.

What is the market cap of SOUTHERN ITS INTAL (SITS)?

The market cap of SOUTHERN ITS INTAL (SITS) is approximately 6.2M.

What are the core areas of operation for Southern ITS International, Inc.?

The company operates in diverse sectors, including oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment.

What recent achievements has Southern ITS International, Inc. showcased?

Recent accomplishments include the commencement of a drilling project in Texas and the acquisition of an 80% stake in Kinzie LLC.

How does Southern ITS International, Inc. plan to grow and expand its operations?

The company aims to diversify its investment portfolio and capitalize on the e-commerce industry by acquiring successful businesses.

What support does Southern ITS International, Inc. receive from its parent company?

Southern ITS International is supported by its parent company to grow and strengthen its operational base and acquire successful businesses.

What is the recent filing made by Southern ITS International, Inc. with the SEC?

The company has filed a Form 10 Registration Statement with the SEC, showcasing its commitment to transparency and compliance.

What is the significance of Southern ITS International, Inc.'s partnership with ICS Energy, LLC?

The partnership aims to optimize drilling operations in the energy sector and strengthen Southern ITS International's presence.

SOUTHERN ITS INTAL INC

Nasdaq:SITS

SITS Rankings

SITS Stock Data

6.16M
136.57M
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United States of America
Palm Desert