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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.
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.
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.
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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