WATERLOO, Iowa, Aug. 20, 2025 /PRNewswire/ -- Southern ITS International, Inc. (OTC:SITS), operating as CorpHQ, a diversified public conglomerate, today announced a series of strategic changes designed to streamline operations, strengthen capital positioning, and align leadership for its next phase of growth.
CorpHQ has finalized the sale of its 80% stake in Kinzie Direct to founder Jeremy Larsen. With this transaction, Mr. Larsen will be exiting his executive roles within CorpHQ and its portfolio subsidiaries.
As a part of this change, CorpHQ announced refined executive leadership assignments across its expanding portfolio:
- Tim Guenther will serve as President and CEO of CorpHQ, providing corporate-level leadership across all holdings.
- Gil Irey will serve as Chief Development Officer of CorpHQ and President/CEO of Pure Oil & Gas, leading the company's oil and gas ventures, including oversight of Last Mile Production LLC.
- Chad Shipman will serve as Chief Marketing Officer of CorpHQ and has been appointed President/CEO of MIA Corp and Ingenious Roasters, driving innovation across consumer beverage and brand development initiatives.
These role clarifications reflect CorpHQ's commitment to focused execution, operational excellence, and industry-specific leadership.
To further align management incentives and enhance transparency, the Board approved the conversion of 15 million preferred shares (convertible at a 10-to-1 ratio) into 125 million common shares, held by Directors of the corporation. This conversion underscores the long-term confidence of CorpHQ's leadership in the company's trajectory.
The Board has also adopted a stock option equity plan to be utilized for current and future management and consultants—ensuring top-tier talent remains incentivized and aligned with shareholder interests.
Regarding its capital strategy, CorpHQ confirmed three subsidiary-level investments by a private entity owned by Tim Guenther. These investments are structured to raise working capital to support operational expansion and organizational resilience.
"These coordinated actions—leadership alignment, equity structure optimization, and targeted capital deployment—position CorpHQ for accelerated growth," said Guenther. "This reorganization reflects our strategy: disciplined execution, empowered leadership, and long-term value creation."
About Southern ITS International, Inc., DBA CorpHQ
Southern ITS International, Inc. operates through its subsidiary companies across diverse sectors, each with a strategic focus, including oil and gas exploration, consumer beverages, and healthcare consulting. As a holding company, Southern ITS International actively seeks opportunities to acquire stakes in both public and private companies that complement its current operations.
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." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosures or filings with the SEC. You are further cautioned that penny stocks and stocks of smaller companies like Southern ITS International, Inc. are inherently volatile and risky, and that no investor should buy this stock unless they can afford the loss of their entire investment.
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SOURCE CorpHQ
