Southern ITS International, Inc. (SITS)

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Southern ITS International, Inc. Announced That It Is Making Changes to Its Shares Structure and Starting Its Acquisition Pro...


Southern ITS International, Inc. (PINKSHEETS: SITS), announced today that is in the process of changing its outstanding shares structure. Jason Bell the CEO has returned to the SITS treasury a significant number of his shares, bringing the total shares outstanding to 188,217,382 shares from 348,217,382.
SITS is now starting its acquisition program that will be based on SITS shares and investment funds. For SITS it is important to increase our per share valuation as we start our acquisition program. By reducing the total shares outstanding we are expecting a direct impact on our market capitalization, which in turn should be adjusted by the market and its investors reflecting a higher per share value.

SITS is starting its due diligence process with an Integration company in Arizona and another in California. Our target is to have at least one MOU in place by the end of October and one completed acquisition by the end of the year. The targeted Integration companies are currently doing very little in the gaming market space, but can provide to SITS the perfect path to expansion and growth. The two states where the targeted integration companies are have a large number of Casinos and we hope to bring our expertise to them via the new acquisitions. This targeted expansion will also allow us to diversify our global portfolio of clients.