Southern ITS International, Inc. Is Announcing That It Entered Into a Partnership Agreement to Bring to the Market New Innova...
February 27 2014 - 8:00AM
Marketwired
Southern ITS International, Inc. Is Announcing That It Entered Into
a Partnership Agreement to Bring to the Market New Innovative GPS
Tracking Ankle Bracelets to Monitor Offenders
LAS VEGAS, NV--(Marketwired - Feb 27, 2014) - Southern ITS
International, Inc. (PINKSHEETS: SITS) has entered into a
partnership agreement with a private company Emap, Inc. to
commercialize their new innovative tracking and monitoring GPS
tracking ankle bracelets for house arrest, parole, and other types
of offenders that require monitoring.
The innovative approach of this new product and services fixes
the issues that the industry is facing, which is the large amount
of false alarms. Reducing the number of false alarms by 99% makes
the data available to correctional officers accurate and relevant
for them to do their jobs. The partnership agreement is for SITS to
promote sales, collect the fees, operate and manage the monitoring
center operations. Emap, Inc. will provide the ankle bracelet
technology and expertise for GPS tracking.
Jason Bell, Chief Executive Officer of Southern ITS
International, Inc., noted, "We have a great reputation in the
complex and high compliance security integration business. Part of
our strategy is to continue to build our brand through turnkey
service contracts for GPS Ankle bracelets. These contracts are
normally for a period of 3 to 5 years and bring a recurrent revenue
stream which allows us to grow the company. The market size of the
GPS ankle bracelet is considerable in the USA with over 500,000
ankle bracelets currently in use. The expected growth percentage
for the use of such a device is in the double digits. We are
continuing our growth in the integration business sector that is
showing the greatest potential for return."
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 high end voice, data, surveillance
and audio/visual systems. We are represented throughout the world
by leading individuals within the digital surveillance and IT
integration industry. We are providing digital video recording
solutions and integrating our technological solutions with other
existing systems, which results in a significant capital savings
and TCO for our clients. Southern ITS International is positioning
itself to be a leading force in this business space.
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."
Southern ITS (PK) (USOTC:SITS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Southern ITS (PK) (USOTC:SITS)
Historical Stock Chart
From Oct 2023 to Oct 2024