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Southern ITS International, Inc. (OTC Pink:SITS), a diversified holding company operating through its subsidiary companies across multiple sectors, is proud to announce the acquisition of a majority of the issued and outstanding stock in Last Mile Production and Last Mile Capital Partners, based in Southlake, Texas.
Last Mile Production operates as an innovative oil and gas company leveraging powerful AI technology to enhance production decisions, mitigate risks, and reduce carbon footprints. Their robust data-driven approach enables the evaluation of every decision for every barrel, every day. This cutting-edge methodology places Last Mile Production at the forefront of modern energy solutions.
A Strategic Step in the Energy Sector
This acquisition marks a significant step for Southern ITS International in expanding its footprint within the energy sector, enhancing its ability to contribute to sustainable energy production through advanced technology and data analytics.
Gil Irey, President of Southern ITS International, Inc. "We are excited to bring Last Mile Production and Last Mile Capital Partners into our growing portfolio. Their pioneering use of AI-driven analytics aligns perfectly with our mission to leverage technology across diverse industries. This acquisition strengthens our position as a dynamic and forward-thinking holding company in the oil and gas sector. With their advanced infrastructure, technical capabilities, and data analysis expertise, we have secured a robust platform for real-time reporting, enabling us to provide critical insights to our partners, investors, and the public. This integration empowers us to be even more transparent and agile in this ever-evolving environment. Coupled with our team's expertise and our subsidiaries' assets, this acquisition positions us to deliver the most cutting-edge solutions across the industries in which we operate. Together, we are confident this will fuel sustained growth, innovation, and unparalleled value for all stakeholders."
Zach Wagner, Last Mile Production, LLC. "This acquisition marks a pivotal moment for Last Mile Production as we join forces with CorpHQ and its family of companies. Their growing upstream oil and gas development, coupled with our commitment to sustainable energy growth, creates powerful synergies that will drive innovation, efficiency, and long-term value. Together, we are not just managing resources-we are shaping the future of American energy with a forward-thinking approach that balances tradition with progress. This partnership strengthens our ability to responsibly develop our assets while investing in the technologies and strategies that will sustain the industry for generations to come."