WhereDaily News: Southern ITS International, Inc. Is Announcing a Reduction in Authorized Common Shares and Its Continued Successful Business Plan Execution
LAS VEGAS, NV--(Marketwired - Apr 9, 2014) - Southern ITS International, Inc. (PINKSHEETS: SITS) announced today that it has filed with the Secretary of State of Nevada for the reduction of its authorized common shares from 500,000,000 to 250,000,000, thereby reducing its authorized common shares by half. 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. SITS is still planning to start to buy back some of its float during the second and third quarters of this year.