Fibre2Fashion.com Features Southern ITS International, Inc. 30% Acquisition of e-Commerce Company, Growth Goods, Inc. News on Site
10 Mar ’22
Palm Desert, California, March 10, 2022 (GLOBE NEWSWIRE) Southern ITS International, Inc. (OTC Pink: SITS) announced today that it has reached an agreement in principle with Growth Goods, Inc. to acquire a Thirty percent ownership interest in the Des Moines, Iowa-based e-Commerce company.
James Shipley, CEO of Southern ITS International, Inc., commented, “We are excited at the prospect of our investment in Growth Goods, Inc. and look forward to finalizing the transaction. Growth Goods is a fast-growing e-Commerce company which provides the complete spectrum of e-Commerce fulfillment services, including online order management, warehousing, distribution, and delivery services for a wide variety of consumer products.”
Mr. Shipley added, “In the very near future, we will be utilizing Growth Goods, Inc. to handle all of our online order management, warehousing, and distribution needs for our subsidiary, Shibue Couture, Inc. (www.shibuecouture.com), a designer, manufacturer, and seller of innovative women’s intimate apparel, and anticipate that Growth Goods will greatly expand the market exposure and sales of the Shibue product line.”
The transaction is expected to close within the next 30 days.
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 being a multinational conglomerate. As a holding company, Southern ITS International is presently 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.