Southern ITS International, Inc. Enters Into Investment Agreement
22 August 2012 - 10:14AM
Marketwired
Southern ITS International, Inc. (PINKSHEETS: ALCD) announced today
that it has entered into a definitive agreement with CSI Business
Finance Inc. to provide the Company an investment/credit line of
one million dollars ($1,000,000.00). The terms and conditions were
not disclosed.
Sylvain Desrosiers, Chief Executive Officer of Southern ITS
International Inc. stated, "This investment/credit line agreement
will facilitate the Company's growth and allow the Company to
aggressively seek additional contracts. The management team is
excited to welcome CSI as a team member in our quest to position
ourselves as a leader in our industry."
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 the highest end voice, data,
surveillance, audio/visual and fire detection available. 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. The Company is
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.
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