Southern ITS International, Inc. Enters Letter of Intent to Acquire a One-Third Ownership Interest in Restorative Health & Wellness, Inc.
Palm Desert, California--(Newsfile Corp. - March 16, 2021) - Southern ITS International, Inc. (OTC Pink: SITS) announced today that it has entered into a Letter of Intent with Restorative Health & Wellness, Inc., to acquire a One-Third ownership interest in the Newport Beach, CA based-company known for its all natural RESTAURA line of skin, health, and wellness products, which incorporate cannabidiol CBD as a primary active ingredient.
James Shipley, CEO of Southern ITS International, Inc., commented, "We are excited at the prospect of our investment in Restorative Health & Wellness and look forward to finalizing the stock for stock transaction. The RESTAURA product line is an example of unique innovation. We believe that it will become a leader in the skincare and wellness industry with products that restore and rejuvenate the human spirit."
Mr. Shipley added, "The closing of this transaction is subject to due diligence by both parties and the entering into of a definitive agreement. We expect to consummate the transaction during the second quarter. When completed, this acquisition will be the first of many which we hope will be defined by our goal of seeking companies with excellence in innovation."
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 multi-national 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.
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 the SEC. You are further cautioned that penny stocks and 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.
Contact: Southern ITS International, Inc.
Investor Relations
442-300-6522
info@sitsintl.com
Source: Southern ITS International, Inc.
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