Southern ITS International, Inc. Strengthens Partnership with Ingenious Roasters, LLC Through Increased Ownership Stake to 55%
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 increases ownership stake in Ingenious Roasters from 45% to 55%.
- The increased stake shows confidence in Ingenious Roasters' growth potential.
- Plans to launch 'JavaBrain,' a ready-to-drink beverage brand, in July 2024.
- Southern ITS International to support Ingenious Roasters in enhancing product offerings and brand visibility.
- No concrete financial figures or potential revenue projections were mentioned.
- The press release lacks detailed information on how the increased stake will impact Southern ITS International's overall financial health.
SCOTTSDALE, AZ / ACCESSWIRE / June 18, 2024 / Southern ITS International (OTC PINK:SITS) announces an increase in ownership interest through its partnership with Ingenious Roasters, LLC, an Arizona-based company specializing in innovative beverage development. Southern ITS International has increased its ownership stake in Ingenious Roasters to
This move marks an increase from Southern ITS International's previous
"We are thrilled to strengthen our partnership with Ingenious Roasters," said Gil Irey, President of Southern ITS International. "This transaction reflects our confidence in Ingenious Roasters' capabilities and our shared commitment to delivering exceptional products and experiences to consumers."
Ingenious Roasters is also excited to announce its first brand offering within the ready-to-drink beverage sector. The brand, "JavaBrain," will be ready to launch by the first part of the third quarter in July with one SKU and plans to have up to four within the new JavaBrain brand by the end of 2024. Ingenious Roasters is dedicated to creating and developing exceptional beverage brands, with a focus on delivering innovative products that meet the evolving needs and preferences of consumers. This transaction reinforces the collaborative spirit between Southern ITS International and Ingenious Roasters and sets the stage for continued growth in the beverage industry.
About Southern ITS International, Inc.:
Southern ITS International, Inc. operates through its subsidiary companies across diverse sectors, each with a strategic focus, including oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment. Our goal is to expand and strengthen our portfolio of successful businesses.
As a holding company, Southern ITS International actively seeks opportunities to acquire stakes in both public and private companies that complement our current operations. Our mission revolves around establishing a robust Direct-to-Consumer (DTC) and Business-To-Business (B2B) network, leveraging the vast potential of e-commerce across various industries, such as manufacturing, distribution, and product sales.
To achieve our objectives, we have assembled a seasoned management team dedicated to building a diversified portfolio. This entails acquiring entire companies or interests in sectors spanning technology, oil and gas, manufacturing, real estate, and more, ultimately integrating them as operating subsidiaries under the Southern ITS International umbrella.
For investor inquiries, please contact:
Investor Relations
Southern ITS International, Inc.
Phone: 480-258-3674
Email: info@sitsintl.com
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosures or filings with the SEC. You are further cautioned that penny stocks and stocks of smaller companies like Southern ITS International, Inc. are inherently volatile and risky, and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE: Southern ITS International, Inc.
View the original press release on accesswire.com
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