I can see this happen now peeps,
Kisses from Italy Inc.: Kisses From Italy Signs Exclusive Agreement with Fransmart, a Global Leader in Franchise Development
23 April 2021, 01:00
DGAP-News: Kisses from Italy Inc. / Key word(s): Agreement
23.04.2021 / 07:00
Kisses From Italy Signs Exclusive Agreement with Fransmart, a Global Leader in Franchise Development
Industry Giant, Fransmart, Now Becomes Kisses From Italy's Exclusive Global Franchise Developer and Representative
MIAMI, FL / ACCESSWIRE / April 22, 2021 / 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 an exclusive global agreement with Fransmart, an industry leader in the global franchise development market.
Fransmart has a solid reputation as a global leader in franchise development and franchising opportunities, with a track record of turning emerging restaurant concepts into national and global brands. They have sold over 5,000 franchises worldwide and launched franchising for "Five Guys Burgers & Fries", "Qdoba Mexican Grill", "The Halal Guys", and have enabled many other new, emerging brands to grow rapidly into dominant chains.
On February 18, 2021, an article published by Forbes titled "11 Fast Casual Restaurant Chains That Should Be On Your Radar in 2021", an astounding 10 out of 11 brands mentioned on the list by Forbes are part of Fransmart's product stable. Also in February of 2021, Dan Rowe, Fransmart's renowned founder and CEO was recognized as 'One of the Most Influential Solutions Provider and Operators in the Country' by Nation's Restaurant News.
Claudio Ferri, co-CEO, CIO and co-founder of Kisses from Italy commented, "Getting to know Fransmart and putting this agreement together with Dan Rowe, Fransmart's founder and CEO and his team has been an absolute pleasure and an incredible privilege for us. We are excited to begin working with Dan and his team of experts. Without a doubt, this opportunity to potentially join the notable brands represented by Fransmart is a huge one for our Company and one that we intend to fully capitalize on, for the benefit of our shareholders. Being given this amazing opportunity to keep learning, progressing and evolving is what really has all of us thrilled here at Kisses From Italy. We believe this is a transformational transaction and a significant milestone for our Company to build toward the future. The consulting agreement we have signed is not only intended to grow our brand but to also welcome Dan Rowe and Fransmart as a critical business partner."
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.
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