SITS Security Details
Share Structure
| | Market Value1 | $522,118 | a/o May 30, 2017 |
| | Authorized Shares | 50,000,000 | a/o Sep 30, 2015 |
| | Outstanding Shares | 20,884,708 | a/o Mar 31, 2016 |
| | -Restricted | Not Available |
| | -Unrestricted | Not Available |
| | Held at DTC | Not Available |
| | Float | 5,956,689 | a/o Mar 31, 2015 |
LAS VEGAS, NV--(GlobeNewswire – May 31, 2017) - Southern ITS International, Inc. (“SITS”) (OTC PINKSHEETS: SITS) announced today that it has finalized the steps necessary to complete its acquisition of and reverse merger with Evolution Enterprises, LLC (“Evolution”), a Nevada based privately owned company (www.evoenterprisesinc.com ). Evolution owns and controls a portfolio of highly successful businesses that focus on direct sales networks. SITS plans to complete the transaction, including the new share structure, name change and new board of directors over the next coming weeks.
David McCovy, founder of Evolution, stated “We are very excited about becoming a publicly traded company on the OTC Markets. We have aggressive goals and believe that we can reach them with our new corporate structure. With several thousand loyal Evolution Travel members, we are pleased that this will provide our members the potential opportunity to purchase at their own discretion a piece of what we are building together.” Evolution and its flagship division, Evolution Travel (www.myevolutiontravel.com ), created a complete travel web portal with connectivity to the top travel industry providers, allowing its members to become professional home based travel agents and maximize benefits to them. Evolution Travel uses all of the social media tools to reach and promote its unique partners’ reward programs that exceed industry norms.
Sylvain Desrosiers stated, “We are very excited for the shareholders of SITS to become part of this amazing company that is Evolution Enterprises. In my long career I have rarely seen a company, management team and group of salespeople so dynamic and fast growing as Evolution. David deserves a lot of credit for his accomplishments in such a short time. The energy that you witness from the Evolution organization and members is just incredible.”
About Southern ITS International, Inc.
Southern ITS International, Inc. (“SITS”) has been successful in providing electronic security and services to support government regulated high compliance industries. SITS has developed and delivered to the gaming and corrections sectors high compliance support systems facilitating the integration and implementation of complementary technologies. SITS, while it continues to deliver electronic security and networking infrastructure to those clients, will be exiting its historical businesses and entering the businesses of Evolution.
LAS VEGAS, NV--(Marketwired - May 02, 2017) - Southern ITS International, Inc. (OTC PINK: SITS) announced today that it has signed a Letter of Intent ("LOI") with Evolution Enterprises, LLC. ("Evolution") to acquire Evolution. Evolution owns and controls a portfolio of highly successful businesses that focus on direct sales network. With its experienced management team in the direct sales industry, Evolution reaches the US and international markets. Based on the Direct Selling Association ("DSA") 2015 Overview, more than 20 million people were involved in direct sales with an estimated $36 billion in sales. Evolution and its flagship division, Evolution Travel (www.myevolutiontravel.com), created a complete travel web portal with connectivity to the top travel industry providers, allowing its members to become professional home based travel agents and maximize the benefits to each of its members. Evolution Travel uses all of the social media tools to reach and promote its unique partners reward program that exceeds industry norms. The travel industry according to The World Travel & Tourism Council (WTTC) showed revenues exceeding $8 trillion for 2015.
David McCovy, founder of Evolution, stated, "Evolution Travel generated sales in excess of $10 million and recruited several thousand members during 2016, our first full fiscal year. We created amazing momentum and are confident to double our sales for 2017. We are uniquely positioned to offer true opportunity to our direct sales partners and a piece of the $8 trillion travel industry. Based on becoming public through the acquisition by SITS, we will look to facilitate our acquisitions program in our three key industries: travel, entertainment, and health."
The LOI was executed on Friday, April 28, 2017 and is valid for 30 days and shall provide Evolution time to complete due diligence and documentation to complete the acquisition and assume control of SITS. When completed the company is expected to change its name and replace all existing directors, officers and management.
Sylvain Desrosiers stated, "We are very excited for the shareholders of SITS to provide this unique opportunity and value creation. We are working hard to complete the merger before May 19, 2017."