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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.
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.
Southern ITS International (SITS) has successfully completed a transaction acquiring a 30% stake in Restaura Health & Wellness. President James Shipley highlighted the value of natural balance in health products, while Restaura's Keith Kerrins emphasized their unique formulations developed over a decade. The collaboration aims to expand market presence, with products soon available online at restauralife.com. Southern ITS plans to build a diverse, multinational portfolio encompassing various sectors, including technology and manufacturing.
Southern ITS International, Inc. (OTC Pink: SITS) announced that its subsidiary, Pure Oil and Gas, Inc., has entered into a consulting agreement with Mesa Resources, Inc. to enhance oil and gas exploration efforts. Mesa will aid in securing leases, project development, and locating promising properties for acquisition. With over 40 years of industry experience, Mesa aims to pursue identified prospects in Texas. This partnership aligns with Pure's goal to adapt to the energy transition while addressing the ongoing need for oil and gas exploration in the U.S.
Southern ITS International (SITS) has launched Pure Oil & Gas, Inc. as a wholly owned subsidiary to expand its energy solutions. The President, James Shipley, emphasized the growing demand for innovative oil and gas exploration technologies in the U.S. and globally. The company aims to leverage this platform for acquisitions and joint ventures with firms focused on sustainable technologies. Southern ITS plans to build a diverse portfolio through strategic acquisitions, enhancing its position in the multi-national market.
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