LAS VEGAS, NV--(Marketwired - Sep 12, 2013) - Southern ITS International, Inc. (
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.
Jason Bell, Chief Executive Officer of Southern ITS International, Inc., noted, "The gaming market is currently growing again and showing great level of interest from the investment community. Many Casinos are now trying to catch up for not having upgraded their technology infrastructures for the last four years, due to the recession. Casinos are now more confident in investing in their technology infrastructures to answer their clientele's demand for quality access to wireless within the hotels and casino areas. Regarding the surveillance and security aspect of Casino systems, many are out of date systems that need to be upgraded due to better management considerations and due to some state regulations that are requiring upgraded IP surveillance networks. For SITS it is time for us to move fast and we are making the proper steps to do so."
About Southern ITS International, Inc.
Southern ITS International, Inc. is committed to the mission of providing total systems integration projects to Casinos and Hotels 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 a digital video recording solution and integrating our technological solutions with other existing systems, which results in a significant capital savings for our clients. We are taking the steps to try to be positioned to be a leading force in this business sector.
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." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosures or filings with OTC Markets, Inc. You are further cautioned that stocks of smaller companies like Southern ITS International, Inc. are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.