Kisses from Italy Signs Exclusive Agreement with one of Canada's Largest Retail Advisory Firms
11 August 2020 - 11:00PM
InvestorsHub NewsWire
Montreal, Canada -- August 11,2020
-- InvestorsHub NewsWire -- Kisses from Italy Inc. (OTCQB:
KITL), a U.S.-based restaurant chain operator, franchisor, and
product distributor (the "Company"), today announced it has entered
into an exclusive agreement with Oberfeld Snowcap, Inc. which will
now take the lead in Kisses from Italy’s strategic Franchise
expansion for site selection across Canada.
Oberfeld Snowcap is a full-service
real estate and retail advisory firm that focuses on retail tenant
representation, strategic planning, property and project leasing,
and portfolio optimization. Founded over 40 years ago, Oberfeld
Snowcap provides its clients, such as Kisses from Italy, with
innovative real estate and advisory services that will strengthen
the Company’s global brand value. The firm currently
represents over 250 local banners, national and international
retail brands across North America. “We are looking forward to
begin working with Oberfeld Snowcap for our Canadian franchise
growth and brand strategy, as we believe that Oberfeld Snowcap’s
understanding and expertise in the North American landscape is
unmatched”, commented Kisses from Italy's co-founder, co-CEO and
CIO, Claudio Ferri. “From the initial meeting with Oberfeld
Snowcap’s team, we immediately knew that they were the right choice
of partners for our expansion plans”, added Ferri.
Jay Freedman, Oberfeld Snowcaps’s
Executive Vice-President - Client Relations and Business
Development commented “We are excited to welcome a great brand,
like Kisses from Italy, under the Oberfeld Snowcap umbrella and the
potential for facilitating great success for the Company with our
strategic partnership and expansion plan.” Oberfeld Snowcap has
offices in Montreal, Toronto, Calgary and
Vancouver.
The newly signed agreement with
Oberfeld Snowcap, comes on the heels of Kisses from Italy’s recent
announcement of the signing of a Multi-Unit Development deal for
100 locations across Canada with Canadian based Demasar Management,
the Company’s lead developer and operator for the Kisses from Italy
brand in Canada. “With our corporate owned locations in the U.S.
and in Italy, now fully operational, we intend to turn our
attention toward developing and growing our Franchise division in
North America”, stated Michele Di Turi, President, co-CEO and
co-founder of Kisses from Italy. Di Turi also expressed “we
are excited to begin the process in assisting Demasar Management,
visiting, assessing and developing the various properties that will
be presented to us by Oberfeld Snowcap’s team. This is
definitely, for us, one of many parts of the business that we enjoy
the most.”
About Kisses from Italy
Inc.
Kisses from Italy Inc. is a
U.S.-based restaurant chain operator, franchisor and product
distributor with locations in North America and Europe. The Company
offers a quick service menu and a unique take on traditional
Italian delicacies with an All-American flair. Kisses from Italy
offerings include sandwiches, salads, Italian roasted coffee,
coffee related beverage and an array of other products. The Company
currently operates four corporate-owned stores. It successfully
commenced operations in May 2015 with the opening of its flagship
location in Ft. Lauderdale at 3146 NE 9th St. This was followed by
three additional sites across the greater Ft. Lauderdale/Pompano
Beach area. The Company recently opened its inaugural European
location in Ceglie del Campo, Bari, Italy in October of 2019. In
September of 2019, Kisses from Italy Inc. was given the approval by
FINRA to trade its common stock and was approved for up-listing by
the OTC Markets Group to the OTCQB in mid-October 2019 under the
ticker symbol
KITL.
Forward-Looking
Statements
This press release may contain
forward-looking statements, which are based on current
expectations, forecasts, and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to
differ materially from those anticipated or expected, including
statements related to the amount and timing of expected revenues
and any payment of dividends on our common and preferred stock,
statements related to our financial performance, expected income,
distributions, and future growth for upcoming quarterly and annual
periods. These risks and uncertainties are further defined in
filings and reports by the Company with the Securities and Exchange
Commission (SEC). Actual results and the timing of certain events
could differ materially from those projected in or contemplated by
the forward-looking statements due to a number of factors detailed
from time to time in our filings with the SEC. Among other matters,
the Company may not be able to sustain growth or achieve
profitability based upon many factors including, but not limited
to, general stock market conditions. Reference is hereby made to
cautionary statements set forth in the Company's most recent SEC
filings. We have incurred and will continue to incur significant
expenses in our expansion of our existing and new service lines,
noting there is no assurance that we will generate enough revenues
to offset those costs in both the near and long term. Additional
service offerings may expose us to additional legal and regulatory
costs and unknown exposure(s) based upon the various geopolitical
locations where we will be providing services, the impact of which
cannot be predicted at this time. Additionally, the ultimate impact
of the Covid-19 pandemic on our company's operations continues to
evolve, is highly uncertain and subject to
change.
For more information, please visit
www.kissesfromitaly.com
Contact
Information:
Kisses from Italy
Inc.
305-423-7129
info@kissesfromitaly.com
Kisses from Italy (QB) (USOTC:KITL)
Historical Stock Chart
From Apr 2024 to May 2024
Kisses from Italy (QB) (USOTC:KITL)
Historical Stock Chart
From May 2023 to May 2024