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. (OTC Pink: SITS), operating as CorpHQ, regularly issues news updates about its activities as a diversified holding company. Its announcements cover developments across subsidiaries involved in oil and gas exploration, consumer beverages, clothing, and e-commerce fulfillment, as well as technology-enabled energy and climate-related initiatives.
Recent news has highlighted energy-focused subsidiaries such as Pure Oil & Gas Inc. and Last Mile Production, LLC. Updates have described acquisitions of oil and gas assets, operating and drilling activity at wells, and partnerships that use artificial intelligence and advanced data analytics to optimize production and address methane and gas output. Other releases have discussed collaboration around the LMCX Carbon Avoidance Token (CAT) ecosystem, which is presented as a way to register methane containment events on blockchain and create climate-related assets.
Beyond energy, Southern ITS International, Inc. also reports on portfolio moves in consumer beverages and e-commerce. Examples include increasing its ownership stake in Ingenious Roasters, LLC, an Arizona-based beverage development company associated with the JavaBrain ready-to-drink brand, and transactions involving Kinzie LLC, an e-commerce enterprise that began in jewelry and expanded into household items.
Investors and observers reading SITS news can expect coverage of acquisitions and divestitures, subsidiary-level investments, leadership appointments and role changes, capital structure decisions such as share conversions and equity plans, and strategic partnerships across its portfolio. The news feed provides context on how Southern ITS International, Inc. describes its evolving mix of holdings and its emphasis on DTC and B2B networks, e-commerce, and technology-informed operations.
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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.