Southern ITS International, Inc. Enters Letter of Intent to Acquire a Forty Percent Ownership Interest in Smarter Flush Marketing LLC

Rhea-AI Summary

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.

Positive

• Acquisition of 40% stake in Smarter Flush Marketing enhances product portfolio.
• Access to patented products for manufacturing and sales could drive future revenue growth.
• Acquisition aligns with strategic goal of building a diverse business portfolio.

Negative

• Transaction dependent on due diligence and definitive agreement introduces execution risk.
• Investment in penny stock carries inherent volatility and risk for investors.

Palm Desert, California , Oct. 05, 2021 (GLOBE NEWSWIRE) -- Southern ITS International, Inc. (OTC Pink: SITS) announced today that it has entered into a Letter of Intent with Smarter Flush Marketing LLC for Southern ITS International to acquire a Forty percent ownership interest in the Nevada limited liability company.  

James Shipley, CEO of Southern ITS International, Inc., commented, “We are excited at the prospect of our investment in Smarter Flush Marketing and look forward to finalizing the transaction. Smarter Flush is the owner of patents and rights for manufacture, sales, and distribution of all of the Smarter Flush Products(s) in the Smarter Flush Marketing list of products (www.smarterflushmarketing.com). The closing of the proposed transaction is subject to due diligence by both parties and the entering into of a definitive agreement. We expect to consummate the transaction during the current quarter. When completed, this acquisition will be one of many which we hope will be defined by our goal of seeking companies with excellent growth potential.”

About Southern ITS International, Inc.

Southern ITS International, Inc. intends to own and/or control a portfolio of highly- successful businesses and will focus on a being a multi-national conglomerate. As a holding company, Southern ITS International will be in the market to acquire a stake in various companies, both public and private. It will also focus on building a direct sales network of various e-commerce internet applications, manufacturing, and internet sales of various products. We will build an experienced management team that will build a diverse portfolio, buying entire companies, or interests therein, involved in technology, oil and gas, manufacturing, real estate, and other sectors, which will then become operating subsidiaries of Southern ITS International. 

Precautionary and 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.

Contact:  Southern ITS International, Inc.
                Investor Relations
                442-300-6522
                info@sitsintl.com

Source:   Southern ITS International, Inc.

FAQ

What is the purpose of Southern ITS's acquisition of Smarter Flush Marketing?

The acquisition aims to gain access to patented products for manufacturing and sales, enhancing Southern ITS's portfolio.

What percentage ownership is Southern ITS acquiring in Smarter Flush Marketing?

Southern ITS is acquiring a 40% ownership interest in Smarter Flush Marketing.

When is Southern ITS expected to finalize the acquisition of Smarter Flush Marketing?

The transaction is expected to be finalized during the current quarter, subject to due diligence.

What are the potential risks associated with Southern ITS's acquisition plans?

Risks include execution challenges due to reliance on due diligence and the inherent volatility of penny stocks.