Kisses from Italy Inc. (OTCQB:KITL), a publicly listed U.S. based company, restaurant chain operator, franchisor, and product distributor (the “Company”), is pleased to announce that it has entered into a representation agreement with Italy based MediaCom SAS. MediaCom SAS now becomes Kisses From Italy’s representative for direct product and raw material sourcing, across the European territory, for products destined for the U.S and Canada.
Located in Naples, Italy, the MediaCom SAS head office is strategically located in proximity to the Port of Naples. Having one of the most important ports in Europe, Naples is also the third-largest urban economy in Italy, after Rome and Milan. MediaCom SAS brings over 25 years of product and raw material sourcing experience, throughout Italy, with products such as coffee, wine, olive oil, pasta, sauces, marinated vegetables, etc. MediaCom SAS has a vast network of suppliers and contacts across the country. “The current global environment has shown us, that moving forward into the future with the right mix of global and regional suppliers is critical. This is especially important considering current global supply chain issues and given our ambitious growth plan for our franchise distribution supply line network and consumer packaged goods bearing the Kisses From Italy brand for retail stores across the United States and Canada”, commented Claudio Ferri, co-CEO, CIO and co-founder of Kisses from Italy.
Michele Di Turi, President, co-CEO and co-founder of Kisses from Italy stated, “There are definitely strong synergies between the two organizations. This agreement brings our company the same opportunity as having a constant presence, directly in Naples. Working with MediaCom SAS as our representative in Europe, now gives us an advantage and the flexibility of continuously working to discover the best-priced products and raw materials and is the next natural step to add value to our physical supply chain.” Di Turi added, “the last year and a half has created some challenges but has shown us the necessity to patiently put in place our fundamental growth strategy. We are also excited and proud of the team currently working on the opening of our first Canadian franchise in Montreal, Canada. We have had some delays due to COVID, but from a conservative standpoint the new location should begin its operations within 4 to 6 weeks from now.”
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. In November of 2020, Kisses From Italy launched its retail branded products for distribution stores across Canada. Currently, our products are being offered in grocery stores and retail food stores.
The Company currently operates three 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.
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. 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. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings which are available at www.sec.gov as well as the Company’s website at www.kissesfromitaly.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please visit www.kissesfromitaly.com
Kisses from Italy Inc.
SOURCE: Kisses from Italy Inc.