Business
Kisses From Italy Changing Corporate Strategy to Address Product Distribution, Licensing and Exclusivity Opportunities
Kisses From Italy Changing Corporate Strategy to Address Product Distribution, Licensing and Exclusivity Opportunities.
About this update from Kisses From Italy Inc.
[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / February 15, 2024 / Kisses From Italy Inc. (OTCQB:KITL), a publicly listed U.S.-based company, restaurant operator, franchisor, and product distributor in the United States, Canada, and Europe, announced today its strategic shift towards strengthening product distribution to retail stores and region-wide distributors. Leveraging established relationships in Europe and exploring new relationships in South America, the company aims to introduce licensed products and explore potential exclusive rights in North America and Europe.The Company's decision to expand into new markets is fueled by the improved conditions in supply chain management and a reduction in associated costs, primarily in transport and shipping. Kisses From Italy sees promising opportunities in these market sectors and is committed to delivering high-quality products to consumers. This is following the Company's recent announcement of launching its online shopping platform and bolstering its distribution network across North America with TotalShip World Wide and its affiliates.Michele Di Turi, President, co-CEO, and co-founder of Kisses From Italy, said, "We are excited to focus our efforts on expanding our product distribution to retail stores and distributors in key regions. Leveraging our current relationships with European manufacturers and potential South American producers allows us to introduce licensed products and explore exclusive rights, strengthening our presence in these markets."Di Turi also stated, "with the supply chain challenges becoming somewhat mitigated and more accessible, we see this as an opportune time to diversify our product offerings and tap into new customer bases. We are confident that the strategic expansion will boost our presence and contribute to increased revenue and market share. Di Turi added that "additionally, Kisses From Italy envisions the potential for another corporate-owned restaurant. We are actively exploring opportunities."With Kisses From Italy branded products currently available in over 90 stores across Ontario and Quebec, the Company remains committed to innovation, quality, and customer satisfaction. The strategic shift aligns with the company's long-term vision and commitment to adapt to market trends, ensuring sustained growth and success.This release follows th...