{"id":633,"date":"2013-02-12T08:48:00","date_gmt":"2013-02-12T08:48:00","guid":{"rendered":"\/?p=633"},"modified":"2013-03-25T19:55:50","modified_gmt":"2013-03-25T19:55:50","slug":"southern-its-international-inc-pinksits-carried-by-a-200000-pump","status":"publish","type":"post","link":"\/articles\/southern-its-international-inc-pinksits-carried-by-a-200000-pump\/","title":{"rendered":"Southern ITS International, Inc. (PINK:SITS) Carried by a $200,000 Pump"},"content":{"rendered":"

\"SITS_chart1.png\"A new big pump was set in motion over the weekend, touting the stock of Southern ITS International, Inc. (PINK:SITS<\/a>), with promoters being compensated up to $200 thousand to advertise the company. The pump seems to have kicked in as yesterday SITS<\/a> closed up 129% up, even if at a deflating sub-penny price of $0.0085 per share. <\/p>\n

Yesterday pumpers Awesome Penny Pick, who will be bagging $200 thousand for their efforts, sent their subscribers a new tout email on SITS<\/a>. Timed right along with the pump, the company released news regarding entry into the final stages of negotiations with Gephart Electric Co., a large electrical construction contractor. The press release contains no hard information or an announcement of a contract but instead the hopes and excitement of the company to maybe work with Gephart.<\/p>\n

The company has a history of optimistic press releases followed by disappointment. In August 2012 a press release announced a ‘definitive agreement’ with CSI Business Finance, Inc. who were supposed to invest $1 million into the company to aid its growth. This investment doesn’t seem to have come through as it’s not reflected in SITS<\/a>‘s subsequent filing.<\/p>\n

SITS<\/a> was formerly known under a number of names, changing and abandoning unsuccessful business ventures. SITS<\/a> was known as Alco Advanced Technologies, Inc. until March 2012 and traded under the ticker symbol ALCD. The name change was connected with a share issuance of 100 million shares to Southern ITS Corporation (SIC), effecting a merger where the surviving entity was Southern ITS International, Inc. SIC brought total assets of $126 thousand and quarterly net loss of $42 thousand to the company’s already dreary financial state with millions worth of cumulative net loss and insignificant revenues.<\/p>\n

The latest quarterly report of SITS<\/a> is for the quarter ended September 2012 and incorporates the consolidated information from SIC, now a wholly owned subsidiary. The brief rundown of the latest quarterly is as follows:<\/p>\n