LAS VEGAS, NV – (March 24, 2015) – Southern ITS International, Inc. (PINKSHEETS SITS), today announced that Terry L Johnson, CPA, has audited the SITS financial statements for 2013 and 2014.
The audit was conducted in accordance with the standards established by the Public Company Accounting Oversight Board (“PCAOB”). The audit included required tests of the Company’s accounting records.
Sylvain Desrosiers, the CEO of SITS, commented, “We have become fully reporting in order to move SITS to the OTC QB. Considering the type of investments that we are now considering, it is fully appropriate for SITS to move to a higher exchange. The audit process provides additional information and assurances of financial accuracy to SITS investors.”
Mr. Desrosiers, further said, “We are pleased with our progress in regard to the execution of our business strategy. The Greeniosk secure payment method for the medical and recreational marijuana industry will provide these industry sectors with a new way to not only manage “seed to sale” processes but will critically add the further important element of “seed to payment”, allowing for complete end-to-end systems that are fully auditable.” For more details, visit www.greeniosk.com.
About Southern ITS International, Inc.
SITS has successfully provided proprietary equipment and services to support regulated “high compliance” industries over a number of years. Included have been the government sector (including correctional facilities and related programs), and the private sector (including gaming, and now medical marijuana and recreational marijuana. SITS continues to deliver electronic security and networking infrastructure to clients in these sectors.
SITS is also markedly expanding its capability to deliver the same quality of auditing and compliance technology to the emerging medical marijuana and recreational marijuana market sectors that it delivers to other high compliance industries; including addressing related banking and other government regulations.
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.”