SITS Southern ITS International Inc (PK)

Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully signed an agreement with ICS2 International, LLC; a private security consulting consortium working in Iraq and the Middle East. ICS2 is the project assessment development and negotiation firm for a BOT (Build Own Transfer) with Eurabco Consultancy represented by the director general Mr. Mushir Balta. Eurabco is an authorized negotiator and purchaser on behalf of the Kurdistan Regional Government in the field of security equipment and services. Alco will supply a complete turnkey security screening service consisting of 10 checkpoints including the Ibrahim Khallel Border crossing, Haji Orman Iran Border Crossing, and 8 other internal checkpoints. These checkpoints are timely, necessary, and will benefit the KRG, as well as the Republic of Iraq as a whole. Alco and its strategic partners are international security service companies specializing in critical infrastructure, force protection security, technology assessments, and the provision of turnkey security operational solutions. These solutions include comprehensive and integrated scanning of vehicles, containers, cargo, packages, baggage, and personnel. This will intensify the Security/Customs practices within the KRG. ICS2 International has signed a Letter of Intent with Euraqco. The signed LOI purposes a 45 day time line to write the official legal contract with the agreed conditions. This is to include a complete �Scope of Work� with parameters for all 10 sites including exact equipment and personnel needs, infrastructure analysis and implementation timelines. It also includes the identification of finance arrangements, proposed collection charges and projected revenue. The initial projected revenue for all 10 check points is based on current traffic volume, which should yield $200 to $300 MM US per year for a minimum of 5 years. The LOI contains other specifications that cannot be disclosed at this point for security reasons. �This is a milestone for Alco! We have been working on this project with ICS2 for almost one year and feel good about the upcoming result. This will make Iraq and the Kurdish region a safer place for its citizens and all the international coalition troops on the ground. It will limit the use and/or transport of IEDs (Improvised Explosive Devices) and other weapons within the scanned areas. We truly look forward to its implementation and protective results this will have for all,� said Sylvain Desrosiers, Alco CEO.

Safe Harbor Statement: Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the economic conditions in the industry, and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Southern ITS (PK) (USOTC:SITS)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025

Southern ITS (PK) (USOTC:SITS)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025