Welcome to our dedicated page for Southern Its Int news (Ticker: SITS), a resource for investors and traders seeking the latest updates and insights on Southern Its Int stock.
Southern ITS International, Inc. (SITS) provides investors and stakeholders with comprehensive updates across its diversified portfolio of energy, consumer goods, and technology ventures. This dedicated news hub consolidates all official announcements and market developments related to the company's strategic operations.
Access real-time updates on SITS' oil and gas exploration activities, e-commerce expansions, and beverage sector innovations. The resource serves as a centralized tracking point for acquisition announcements, operational milestones, and management insights across the company's subsidiaries.
Key updates include earnings reports, partnership developments, and technology implementations such as AI-driven analytics in energy production. Users will find verified information on cross-industry initiatives that demonstrate SITS' unique position as a multi-sector holding company.
Bookmark this page for direct access to SITS' latest regulatory filings, market positioning updates, and consumer sector advancements. Regular visitors gain strategic perspective on how the company's diversified model navigates evolving market conditions through technology integration and operational synergies.
Southern ITS International, Inc. (OTC PINK:SITS) announced that its subsidiary, Pure Oil & Gas, Inc., has successfully completed drilling its first well in Eastland County, Texas. President Jeremy Larsen commended the efforts of partner ICS Energy, Inc. and expressed optimism about future drilling. The workover rig has been operational since April 22, 2023, with estimated production figures anticipated by the end of May. The company is focused on expanding its operations across various sectors, including oil and gas exploration, e-commerce, and technology. The press release also contains a caution regarding forward-looking statements, highlighting inherent risks associated with investing in smaller companies.
Southern ITS International, Inc. (OTC PINK:SITS) announced that its subsidiary, Pure Oil & Gas, Inc., has completed the necessary funding for its first oil and gas project. This funding was secured through a newly formed limited partnership, with Pure as the General Partner. The President of Pure, Jeremy Larsen, expressed satisfaction with the swift fundraising process, stating that drilling operations by ICS Energy, Inc. are expected to begin in Eastland County, Texas, within 45 days. The company aims to expand its portfolio, focusing on various sectors including technology and manufacturing.
Southern ITS International, Inc. (OTC PINK: SITS) announced the cancellation of 86,225,000 shares of its common stock, effective January 23, 2023, following a Nevada District Court order issued on January 19, 2023. These shares, representing over 50% of the total issued shares prior to cancellation, were deemed illegitimate as they were issued without adequate consideration by previous management. The company's President, James E. Shipley, expressed that this cancellation benefits the majority of shareholders by effectively increasing per share value by over 50%. The company continues to focus on expanding its operational portfolio across multiple sectors.
Southern ITS International, Inc. (OTC PINK:SITS) announced that its subsidiary, Pure Oil & Gas, has secured a first right of refusal agreement with ICS Energy, enabling them to fund future oil and gas explorations. In return, Pure will hold a 50% working interest in funded wells. Additionally, ICS granted Pure a 5% overriding royalty interest in all future wells drilled, linked to shares of SITS preferred stock. This agreement is aimed at bolstering Pure's operations in Texas, where ICS currently has 11 production wells.
Southern ITS International, Inc. announced that it has officially ceased being classified as a Shell Company due to the growth of its subsidiary, Shibue Couture, Inc.. This change is reflected in its Quarterly Report for the period ended September 30, 2022, which is available on the OTC Markets website, along with a Supplemental Report dated November 10, 2022. The company aims to build a multinational conglomerate by acquiring interests in various sectors, including technology and real estate, while establishing a direct sales network.
Southern ITS International, Inc. (OTC: SITS) has announced that its subsidiary, Shibue Couture, Inc., is now selling products on Amazon Prime. Growth Goods Inc., also a subsidiary, supports Shibue's distribution from their 8,000-square-foot facility in Urbandale, Iowa. Abbey Sires has been appointed President of Shibue Couture, expressing gratitude to CR Fashion Book Magazine for featuring the company’s innovative Strapless Panty. The company aims to expand its market presence and strengthen its portfolio through strategic acquisitions and a focus on e-commerce.
Southern ITS International (OTC Pink: SITS) has successfully acquired a 30% stake in Prestige Marketing Consulting, which holds exclusive US distribution rights for the Madamua cosmetic line. This line is already popular in Europe and Asia and utilizes ancient olive oil to enhance skin hydration and elasticity. The integration of Madamua products into the operations of Growth Goods, the company's e-commerce subsidiary, is underway, with expectations for strong sales performance in the US market.
Southern ITS International, Inc. (SITS) has initiated a lawsuit in Clark County, Nevada, to cancel 89,172,000 shares of its common stock, of which 76,500,000 shares were issued to former CEO David McCovy. The lawsuit stems from a 2017 acquisition of McCovy's business, Evolution Enterprises, which was later deemed valueless. Under current management, SITS has found no evidence of assets or services in exchange for the issued shares. The company expects a favorable ruling in court.
Southern ITS International, Inc. (SITS) announced an agreement to acquire a 30% ownership stake in Growth Goods, Inc., an e-Commerce firm based in Des Moines, Iowa. The acquisition aims to enhance Southern ITS's operational capabilities by utilizing Growth Goods for online order management, warehousing, and distribution for its subsidiary, Shibue Couture, Inc.. CEO James Shipley expressed optimism about the partnership’s potential to significantly increase market exposure and sales for the Shibue product line. The transaction is expected to finalize within the next 30 days.
Southern ITS International, Inc. (OTC Pink: SITS) has successfully completed the acquisition of Shibue Couture, Inc., a company known for its innovative Shibue “No-Line” Strapless Panty. The transaction, valued at $2.5 million, involved the exchange of shares between the two companies. With this acquisition, Southern ITS aims to leverage its marketing expertise to enhance online sales and visibility for Shibue's product line. Shibue Couture will function as a wholly owned subsidiary going forward.
