$SITS News Out : SOUTHERN ITS INTERNATIONAL, INC.
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Posted On: 02/17/2022 9:20:56 AM
$SITS News Out : SOUTHERN ITS INTERNATIONAL, INC. COMPLETES ACQUISITON OF SHIBUE COUTURE, INC. Palm Desert, CA, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Southern ITS International, Inc. (OTC Pink: 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.
About Southern ITS International, Inc.
Southern ITS International, Inc. intends to own and/or control a portfolio of highly-successful businesses and will focus on a being a multinational conglomerate. As a holding company, Southern ITS International will be in the market to acquire a stake in various companies, both public and private. It will also focus on building a direct sales network of various e-commerce internet applications, manufacturing, and internet sales of various products. We will build an experienced management team that will build 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 Southern ITS International.
https://finance.yahoo.com/news/southern-inter...c=fin-srch
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.
About Southern ITS International, Inc.
Southern ITS International, Inc. intends to own and/or control a portfolio of highly-successful businesses and will focus on a being a multinational conglomerate. As a holding company, Southern ITS International will be in the market to acquire a stake in various companies, both public and private. It will also focus on building a direct sales network of various e-commerce internet applications, manufacturing, and internet sales of various products. We will build an experienced management team that will build 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 Southern ITS International.
https://finance.yahoo.com/news/southern-inter...c=fin-srch
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