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$SITS ~ to Acquire a Thirty Percent Ownership Interest in e-Commerce Company, Growth Goods, Inc.
Southern ITS International, Inc. (OTC Pink: SITS) announced today that it has reached an agreement in principle with Growth Goods, Inc. to acquire a Thirty percent ownership interest in the Des Moines, Iowa-based e-Commerce company.

James Shipley, CEO of Southern ITS International, Inc., commented, “We are excited at the prospect of our investment in Growth Goods, Inc. and look forward to finalizing the transaction. Growth Goods is a fast-growing e-Commerce company which provides the complete spectrum of e-Commerce fulfillment services, including online order management, warehousing, distribution, and delivery services for a wide variety of consumer products.”

Mr. Shipley added, “In the very near future, we will be utilizing Growth Goods, Inc. to handle all of our online order management, warehousing, and distribution needs for our subsidiary, Shibue Couture, Inc. (www.shibuecouture.com), a designer, manufacturer, and seller of innovative women’s intimate apparel, and anticipate that Growth Goods will greatly expand the market exposure and sales of the Shibue product line.”

The transaction is expected to close within the next 30 days.

https://finance.yahoo.com/news/southern-international-inc-acquire-thirty-140000481.html