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Kisses from Italy Inc. Announces Full Re-opening of All Corporate-owned Locations
Kisses from Italy Inc. Announces Full Re-opening of All Corporate-owned Locations.
About this update from Kisses From Italy Inc.
[{"type":"text","content":"\n\n\n\nKisses from Italy Inc. Announces Full Re-opening of All Corporate-owned Locations\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nKisses from Italy Inc. Announces Full Re-opening of All Corporate-owned Locations\nGrand Opening of First Franchise Location in California expected by September of 2020\nPR Newswire\nMIAMI, July 23, 2020\n\n\n\nMIAMI, July 23, 2020 /PRNewswire/ -- Kisses from Italy Inc. (OTCQB: KITL), a U.S.-based restaurant chain operator, franchisor, and product distributor (the \"Company\"), today announced that all corporate-owned locations have reopened. Also expected is imminent opening of the Company's first California franchise location in Chino, California.\nAll of the Company's four corporate-owned restaurants which are located in Fort Lauderdale, Florida, Bari, Italy, and within the Wyndham Palm Aire and the Wyndham Sea Gardens Hotels and Resorts in Pompano Beach, Florida, have all fully re-opened. The Company's hotel locations were closed longer than other sites due to CDC recommendations. The Company's flagship Fort Lauderdale restaurant re-opened on May 1, 2020, its Bari, Italy location re-opened on June 20, 2020, The Wyndham Palm Aire location re-opened on July 11, 2020 and the Wyndham Sea Gardens location re-opened on July 22, 2020.\n\"We want to thank everyone in the Kisses from Italy family for their support and continued hard work in these challenging times, to help keep our plans moving forward,\" stated Michele Di Turi, Kisses from Italy's co-founder, President, and co-CEO. Mr. Di Turi further stated, \"We believe that due to our low overhead structure, our balance sheet, and our recent multi-unit franchise sale in Canada, we have been able to maintain our liquidity in challenging times for the restaurant industry.\"  \nThe Company continued its territorial franchise location expansion plans with the recent signing of a Multi-Unit Development agreement for 100 locations throughout Canada. The Canadian Multi-Unit deal included an upfront franchise fee of $300,000.\nKisses from Italy is planning on commencing...