DGAP-News

Kisses from Italy Inc.: Kisses From Italy Signs Exclusive Agreement with Fransmart, a Global Leader in Franchise Development - Seite 2

Dan Rowe, founder and CEO of Fransmart stated, "Given the time we took to get to know the team at Kisses From Italy in the last few months, I believe Kisses From Italy has created a platform to launch authentic Italian brands and products, and build the proprietary supply lines for our franchisees and consumer packaged goods, etc. In reviewing the company's structure our team believes this can be potentially accomplished by rolling 4 to 5 different Italian concepts within Kisses From Italy and leveraging the supply lines across each chain. It is not too dissimilar to what is currently being done in the market by larger players in the same segment, except this would definitely have an "Italian" twist to it."

Michele Di Turi, President, co-CEO and co-founder of Kisses from Italy stated, "Having been able to reach a few important milestones in the last few years has been personally and professionally rewarding to us, but we believe that being given the opportunity to work with Fransmart in continuing to develop Kisses From Italy, will definitely be one of the historical milestones in the Kisses From Italy storybook. In addition to the signing of this agreement, we are pleased to report that our stores have remained viable during the pandemic and that the cost-cutting measures we instituted as a result of Covid-19 have enabled us to survive an extremely difficult period in our history. We are now seeing a significant increase in foot traffic at all of our domestic stores.

Di Turi added, "our retail branded products initiative is starting to take flight as we are now in 26 stores in less than 6 months since we launched our products. We are also excited about the imminent opening of our first Franchise in the State of California, which is in the city of Chino and we are making some significant progress in establishing the first Kisses From Italy store location in Canada with our Canadian Master Franchisee, Demasar Management.

About Fransmart

Fransmart is a global leader in franchise development, selling over 5,000 franchises worldwide and turning emerging restaurant concepts into national and global brands for 20 years. Company founder Dan Rowe identified and grew brands like Five Guys Burgers & Fries, QDOBA Mexican Grill, and The Halal Guys from 1-5 unit businesses to the powerhouse chains they are today. Fransmart's current and past franchise development portfolio brands have opened thousands of restaurants globally. Fransmart and their partner brands are committed to franchise development growth. For more information, visit www.fransmart.com.