Diversified, High Value Acquisition Company Completes Acquisition of Shibue Couture: Southern ITS International, Inc. (Stock Symbol: SITS)
– Developing Portfolio of Diverse Global Assets in High Value Industries.
– New Oil & Gas Exploration Subsidiary to Develop Key Energy and Natural Resource Projects.
– Completed Transaction to Acquire 30% of Restaura Health & Wellness.
– Consulting Agreement with Mesa Resources to Support Subsidiary Oil & Gas Discovery, Exploration and Development Operations.
– LOI to Acquire Interest in Smarter Flush Marketing with Successful Water Conservation Products for Home Toilets.
– Signed Agreement to Acquire Interest in Atacama Minerals Inc. for Gold and Precious Metals Exploration Projects.
SOUTHERN ITS INTERNATIONAL, INC. COMPLETES ACQUISITON OF SHIBUE COUTURE, INC.
Southern ITS International Inc.
Palm Desert, CA, Feb. 17, 2022, Southern ITS International, Inc. (Stock Symbol: SITS) is pleased to announce that it recently closed the transaction whereby it acquired Shibue Couture, Inc., a California corporation.
Shibue Couture, Inc., (www.shibuecouture.com) is a Huntington Beach, California-based designer, manufacturer, and seller of women’s intimate apparel. It was formed in 2008 and is best known for its groundbreaking Shibue “No-Line” Strapless Panty, which has revolutionized both the fashion industry and solved the problem of visible panty-lines for everyday women.
The Shibue products are currently available in a number of nationwide retail stores and online. Southern ITS International, Inc. intends to capitalize on its newly established, but well-experienced, marketing and Internet sales teams to promote the full Shibue product line to greatly increase the exposure and resulting sales of the Shibue products online.
Southern ITS International, Inc. disclosed that the transaction closed on February 15, 2022 and resulted in an exchange of all of the issued and outstanding shares capital stock of closely held Shibue Couture, Inc. for shares of a series of convertible preferred stock of Southern ITS International, Inc., valued at $2,500,000. No further terms of the transaction were disclosed. Going forward, Shibue Couture, Inc. will operate as a wholly owned subsidiary of Southern ITS International, Inc.
Southern ITS International, Inc. (OTC: SITS) 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, SITS will be in the market to acquire a stake in various companies both public and private. SITS will also focus on building a direct sales network of various e-commerce internet applications, manufacturing, and internet sales of various products. SITS will build an experienced management team that will create 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 SITS.
SITS subsidiary Pure Oil and Gas, Inc., intends to join in the global transition that the energy world is experiencing, by addressing the continuing need for oil and gas exploration and production in the United States. New innovative, greener, cost-effective, and energy saving technologies in oil and gas exploration and production are in more demand now than ever before. We intend to use our platform to acquire, and/or joint venture oil and gas exploration, developing, and producing. Learn more about SITS subsidiary Pure Oil and Gas, Inc. on its own dedicated website at: www.pureoilgas.com.
– SITS Closes Transaction Restaura Health & Wellness
On December 28th SITS announced that it had closed a pending transaction with Restaura Health & Wellness, Inc., a Delaware corporation.
James Shipley, President of SITS, said, “We have closed our transaction with Restaura, and now own thirty (30%) percent of the issued and outstanding stock of Restaura. It has been said that whatever we put in our bodies, affects our mind. Restaura believes in creating a natural balance between life and nature and have created products that they believe will help in skincare, body, and minds.”
Keith Kerrins, President of Restaura said, “With over ten (10) years of experience in the topical health and wellness industry, our developer has developed blends and formulations that are one-of-a-kind in the topical health and wellness industry. We believe in our products and know the quality and formulations are unique.” He went on to say, we look forward to working with Southern ITS International, Inc., and with their help, we hope to expand our market wherever it takes us. Products will be available for purchase online at www.restauralife.com.”
– Consulting Agreement with Mesa Resources, Inc.
On December 14th SITS announced that its wholly owned subsidiary, Pure Oil and Gas, Inc., has entered into a Consulting Agreement with Mesa Resources, Inc., of Plano, Texas.
James Shipley, President of SITS said, “We are pleased to announce that our subsidiary, Pure Oil and Gas, Inc. (Pure) has entered into a consulting agreement with Mesa Resources, Inc. (Mesa). Mesa, through its President, Kevin Chennault, will provide various services, including, but limited to, securing and developing oil and gas leases and or farm outs and project development, which would include drilling, testing, completion, and production of oil and gas wells in commercial quantities. Mesa may also locate for SITS currently producing properties with upside potential for acquisition.” Mr. Shipley went on to say, “Mesa and Mr. Chennault have a combined 40 years in the oil and gas industry and we are looking forward to working with Mesa. Mesa has already identified projects and or properties in which SITS has expressed interest in and we are looking forward to kicking off our first project as soon as possible.”
Kevin Chennault, President of Mesa Resources, Inc. said, “We are looking forward to working with Jim Shipley and Pure Oil and Gas in a mutually beneficial relationship. We have already identified prospects in Palo Pinto, Jack, and Throckmorton Counties in Texas with offsetting production that we plan to pursue. Oil and Gas remains an essential part and driving force of our world economy and will be around for years to come.
– Letter of Intent to Acquire a Forty Percent Ownership Interest in Smarter Flush Marketing, LLC
On October 14th SITS announced that it has entered into a Letter of Intent with Smarter Flush Marketing LLC for SITS to acquire a Forty percent ownership interest in the Nevada limited liability company. James Shipley, CEO of SITS, commented, “We are excited at the prospect of our investment in Smarter Flush Marketing and look forward to finalizing the transaction.”
Mel Kanar, founder of Smarter Flush, said, “Over the past 13 years we have sold thousands of our kits to homeowners, hotels, motels, and apartments. All of our customers were interested in saving money, reducing wasted water, and improving performance of their toilets, without the expense of purchasing and installing a new toilet. Through most of the United States, especially the West, many states are running out of water and the cost of water is increasing. With the toilet being the biggest user of water in an average home, it only makes sense to replace the outdated 1950s flapper and chain mechanism with the water-saving and cost-effective Smarter Flush kit. Most of the Smarter Flush products can be installed without tools and can pay for themselves within a short period of time. Smarter Flush products are available at Lowes, Amazon, Walmart, Wayfair, Ace, and True Value and will be coming soon to Home Depot and Ferguson Plumbing. Smarter Flush is excited to become a part of the Southern ITS International.”
– SITS and Atacama Minerals Inc. Sign Definitive Agreement
On August 26th SITS announced that it and Atacama Minerals, Inc. signed a definitive agreement, whereby SITS will own a thirty percent (30%) interest in Atacama Minerals, Inc.
Mr. Daniel Miroli, Chief Operating Officer of Atacama Minerals and its wholly owned Chilean subsidiary, Minera Los Apires SpA, said, “We are 100% owners of the Flamenco Gold Mining project located in the world-renowned Atacama Desert Fault, regional home of several major gold and copper mining operations and exploration projects. Our mineral leasehold is 1830 hectares, approximately 4500 acres.”
The Flamenco Project is located in the coastal Chilean mountain range some 15 kilometers from the ocean, surrounded by a number of world-class mining operations. Twenty kilometers to the East is Mantoverde Mine, a major copper-gold mining operation in the process of a billion-dollar production and processing expansion plan. South and West next of the Flamenco project, is El Zorro, a large exploration project headed by Tesoro Resources which is an Australian public company. They recently announced an initial maiden gold resource estimate of 660 kilo ounces representing a dollar value of around $1.15 billion. These estimate results only represent less than 1/3 of the 60,000-meter drilling campaigns completed.
The announcement by Tesoro Resources is a confirmation of Flamenco’s own geological study findings and results since both projects are in the same mineralized geological structural body.
Further information concerning the Mantoverde Mine can be found here:
Further information concerning the Tesoro Resources El Zorro Project can be found here:
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