****SITS**** HUGEEEEEE News Update
MATTER OF TIME, BEFORE THIS RUNS TO MULTI-PENNIES
LAS VEGAS, NV-(January 23, 2014) – Southern ITS International, Inc. (PINKSHEETS SITS), announced today is plan for the Fiscal year 2014. In 2013 SITS did not issue any common shares and did the contrary by doing a rescission of 160,000,000 shares from management to increase PPS. SITS issued 5,000,000 preferred shares during 2013 to maintain management control of the company. The unchanged outstanding number of common shares is 188,217,382 with a float of 146,816,982 common shares. SITS plan for 2014 does not include at this time any issuance of new shares. SITS plan is to reduce its number of authorized shares from 500,000,000 to 250,000,000, and also is planning to start to buy back some of its float after the first quarter.
SITS business strategy is to continue to build on its gaming market and is now targeting revenue for that market to be approximately $3 million dollars for 2014. In regards to the other markets such as retail, government, logistics and other, the objective is to achieve over $1 million dollars in sales. Finally, SITS will roll out a new product for the correctional market after the first quarter of 2014, that will also include services to produce recurring revenues.
Jason Bell, Chief Executive Officer of Southern ITS International, Inc., noted, “Last year our sales objectives were almost met. This year we are planning to double our revenue. We have several important large contracts under negotiation that can make our objective easy to achieve. We feel good about our core team and our capacity to execute the plan. Our acquisition plan is still part of our 2014 objective, but it depends on the performance of our share price and how the investment community values our company. This coming year will be exciting and we will make some additional announcements soon”.
AI
