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."
Facebook Fan page