Southern ITS International, Inc. Is Announcing That Its Authorized Shares Have Been Reduced by Half
May 12 2014 - 9:00AM
Marketwired
Southern ITS International, Inc. Is Announcing That Its Authorized
Shares Have Been Reduced by Half
LAS VEGAS, NV--(Marketwired - May 12, 2014) - Southern ITS
International, Inc. (PINKSHEETS: SITS) announced today that it has
reduced its total authorized common shares from 500,000,000 to
250,000,000. SITS has also reduced is total issued shares from
188,217,382 to 168,217,382, which is a reduction of 20 million
common shares.
In regards to new business development, SITS has finished its
security system installation of its first Federally Funded
Correctional Center project in April. SITS also started to
ship electronic security equipment's to Dillard's, Inc for upcoming
installation that is part of important ongoing loss prevention
strategy to protect inventory and assets, increasing profits by
reducing loss. SITS will announce shortly additional important
contracts.
About Southern ITS International, Inc.
Southern ITS International, Inc. is committed to the mission of
providing total systems integration projects by maintaining cost
effectiveness while providing high end voice, data, surveillance
and audio/visual systems. We are represented throughout the world
by leading individuals within the digital surveillance and IT
integration industry. We are providing digital video recording
solutions and integrating our technological solutions with other
existing systems, which results in a significant capital savings
and lower TCO for our clients. Southern ITS International is
positioning itself to be a leading force in this business
space.
Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or
"projected."
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