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., operating as CorpHQ under symbol SITS, reports developments from a diversified holding-company portfolio. Recurring updates cover subsidiary activity in oil and gas through Pure Oil & Gas and Last Mile Production, including acquired Texas oil and gas assets, well operations, production technology, methane measurement, and carbon-asset tokenization initiatives. Company news also covers portfolio acquisitions and divestitures, subsidiary-level financing, executive appointments, equity-plan and share-conversion actions, and strategy across consumer beverages, healthcare consulting, and e-commerce-related businesses.
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.
Southern ITS International (OTC Pink: SITS) announced a Letter of Intent to acquire a 40% ownership interest in Smarter Flush Marketing LLC. CEO James Shipley expressed enthusiasm about the investment, while Smarter Flush's founder, Mel Kanar, highlighted their success in selling water-saving kits that can lead to significant cost savings for consumers. With water conservation becoming increasingly crucial, Smarter Flush products are available at major retailers. Southern ITS aims to build a portfolio of successful businesses across various sectors as part of its growth strategy.
Southern ITS International (OTC Pink: SITS) announced a Letter of Intent to acquire a 40% stake in Smarter Flush Marketing LLC. This deal allows Southern ITS to gain access to patented products for manufacturing, sales, and distribution. CEO James Shipley expressed excitement over the investment, aiming to finalize the transaction within the current quarter, pending due diligence and a definitive agreement. This acquisition aligns with Southern ITS's strategy to build a portfolio of successful businesses across various sectors.
Southern ITS International (OTC Pink: SITS) announced a definitive agreement to acquire a 30% interest in Atacama Minerals, Inc. President James Shipley expressed optimism about this new partnership. Atacama Minerals operates the Flamenco Gold Mining project in Chile, covering 1,830 hectares near major mining operations. The project shows promise with its geological findings aligning with successful nearby operations like Tesoro Resources’ El Zorro project, which boasts an initial gold resource estimate worth approximately $1.15 billion. Southern ITS aims to build a diverse portfolio and e-commerce operations.
Southern ITS International, Inc. (OTC Pink: SITS) announced a Letter of Intent to acquire a 30% stake in Atacama Minerals, Inc., focusing on gold mining in northern Chile's Atacama Desert. CEO James Shipley expressed optimism about the investment, highlighting Atacama's mining rights in a region rich in gold and copper. The transaction will depend on due diligence and is expected to close within the current quarter. This move aims to expand Southern ITS's portfolio and is the first in a series of planned acquisitions targeting companies with significant growth potential.