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Development agreement improves existing liquidity and lays the foundation for long-term growth
MIAMI, FL / ACCESSWIRE / August 18, 2020 / Kisses from Italy Inc. (OTCQB: KITL), a U.S.-based restaurant chain operator, franchisor and distributor (The “Company”) published its monetary effects for the 3 months ending June 30, 2020.
Strengths:
“The company has resisted an incredibly challenging environment in the food-eating industry caused by COVID-19, which has led some of our competitors to insolvency. We thought that due to our weak air distribution and cost-cutting measures, we were able to offset the loss of profits and gross margin loss at our eating locations in the quarter ended June 30, 2020, compared to the quarter ended June 30, 2019. In the quarter that ended June 30, 2020, we have located the company to emerge more powerful from this complicated period, with the right partnerships. This includes Demasar Management, our Canadian franchise progression partner, and Oberfeld Snowcap, a leading Canadian store that will lead our variety of sites to facilitate the creation of over-the-top franchises from the kisses of the Italian brand.” Claudio Ferri, co-founder, co-CEO and CIO of Italy, commented.
About Kisses from Italy Inc.
Kisses from Italy Inc. is a U.S.-based operator, franchisor and distributor of food chain chains. With places in North America and Europe. The company offers a quick-service menu and an exclusive interpretation of classic Italian specialties with an American twist. Bisous Italian gifts come with sandwiches, salads, Italian roasted coffee, coffee-related drinks and a variety of other products. The company has recently operated 4 corporate stores. It began operations effectively in May 2015 with the opening of its flagship site in Ft. Lauderdale at 3146 NE 9th St. This followed three other sites through Big Ft. Lauderdale / Pompano Beach area. The company recently opened its first European site in Ceglie del Campo, Bari, Italy in October 2019. Kisses from Italy Inc. is listed in the OTCQB under the inventory symbol “KITL”.
Forward-looking statements
This press release may involve forward-looking statements, which are based on existing expectations, forecasts, and assumptions that involve dangers and insecurities that may also cause actual effects and effects to differ materially from expected or expected, adding quantity-like statements. and synchronization. expected earnings and dividend bills on our non-unusual and favorite stocks, statements related to our monetary performance, expected earnings, distributions and long-term expansion for the upcoming quarterly and annual periods. These hazards and insecurities are detailed in the Company’s submissions and reports to the U.S. Securities and Exchange Commission (SEC). Actual effects and timing of certain occasions may differ materially from those projected or weighted in forward-looking statements due to a number of detailed points from time to time in our filings with the SEC. Among other things, the corporate could possibly not withstand expansion or achieve profitability by many points, adding, but not limited to, the general situations of the stock market. This refers to warnings in the Company’s recent maximum submissions to the SEC. We have committed and will continue to incur significant expenses to expand our new and existing service offerings, and we note that there is no guarantee that we will generate enough profits to offset those short- and long-term prices. Additional service offerings would likely disclose to us about additional legal and regulatory prices and unknown exposures depending on the various geopolitical locations where we will offer services, the effect of which cannot be expected at this time. In addition, the final effect of the Covid-19 pandemic on our company’s operations continues to evolve, is very unsafe and is a matter for change.
Contact Information:
Kisses from Italy [email protected]
SOURCE: Kisses from Italy Inc.
See the accesswire.com edition: https://www.accesswire.com/602175/Kisses-from-Italy-Announces-Second-Quarter-2020-Financial-Results
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