8-K
Kisses From Italy Inc. (KITL)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934
Date of Report (Date of earliest event reported): February6, 2020
KISSESFROM ITALY INC.
(Exact name of registrant as specified in charter)
| Florida | 000-55967 | 46-2388377 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 80 SW 8th Street, Suite 2000<br><br> <br>Miami, FL | 33130 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (305)423-7129
| N/A |
|---|
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
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On February 6, 2020, Kisses From Italy Inc., a Florida corporation (the “Company”), issued a press release announcing its entry into a Partnership Agreement with ExpanGlobal for expansion into the market of India. The text of the release is furnished as Exhibit 99.1 and incorporated herein by reference.
The information in this Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Form 8-K in such filing.
Cautionary Statements
This filing includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect the Company’s operations, financial performance, and other factors as discussed in the Company’s filings with the Securities and Exchange Commission (“SEC”). Among the factors that could cause results to differ materially are those risks discussed in the periodic reports the Company files with the SEC. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” The Company does not undertake any duty to update any forward-looking statement except as required by law.
| Item 9.01 | Financial Statements and Exhibits. |
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(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release, dated February 6, 2020 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: February 6, 2020 | KISSES FROM ITALY INC.<br><br> <br><br><br> <br> | |
|---|---|---|
| By: | /s/ Claudio Ferri | |
| Claudio Ferri<br><br> <br>Chief Executive Officer |
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Exhibit 99.1
Kissesfrom Italy Partners with ExpanGlobal for Planned India Expansion.
As it steps up its overseas push, Kisses from Italy reveals plans for India.
MIAMI, FL / February 6, 2020 / Kisses from Italy Inc. (OTCQB: “KITL”) announced today that it has entered into a partnership agreement with ExpanGlobal, a leading market entry and expansion company headquartered in India. As an initial step, ExpanGlobal will be representing Kisses from Italy at the Global Franchise Show being held on February 22^nd^ in Mumbai, India. Over the last few months, both organizations have learned a lot about each other and have come to realize that they share similar views on driving growth through expansion in India. “Both teams are ambitious and driven and we are certain that this will result in a solid synergistic alliance,” stated Kisses from Italy’s co-founder, co-CEO and CIO, Claudio Ferri.
Michele Di Turi, also a co-founder of Kisses from Italy, as well as its President and co-CEO, who will be attending the Global Franchise Show in Mumbai said, “We are very excited to be in India, with ExpanGlobal, who is giving us a great opportunity to enter such a rapidly expanding market.” Di Turi added, “It is an honor for Kisses from Italy to take part in this unique opportunity, and we are looking forward to attend the Global Franchise Show and working with ExpanGlobal’s team while continuing to learn more about the traditions and culture of India.”
Mrinal Srivastava, Founder and President of Global Expansion for ExpanGlobal commented, “Over the past two decades, Indians have developed a distinct taste for Italian food. It turns out to be the second most sought out international food amongst Indians, according to a recent survey. It seems to be on the top of their favorites list, and thus there is a huge potential for a brand like Kisses from Italy to be established and scaled throughout the market of India. A unique opportunity also presents itself with Kisses from Italy, as not only being a prospective Franchisor, but also being one of the rare companies among us that is currently publicly trading on the U.S. stock market. We are looking forward to writing a great success story for Kisses from Italy in India and other potential regions across the globe.”
Raghav Khattar, Founder and President of Marketing and Investor Relations added, “We partnered with Kisses from Italy as we see a clear demand for owning authentic Italian concepts in the franchising sector throughout India. With the high brand credibility and systematic development approach we are certain we can scale the concept in the region.”
Kisses from Italy’s announcement of its expansion plans into India comes on the heels of their most recent announcement on January 30^th^ that the company will soon see the opening of its first franchised location in the State of California.
About ExpanGlobal.
ExpanGlobal, a leading market entry and expansion company headquartered in India, assists international brands by their tailor-made services and solutions on expansion in key emerging markets like Asia, Middle East and South East Asia. ExpanGlobal’s value lies in the strength of its understanding of itds clients’ needs for international expansion. ExpanGlobal is working to provide its associated brands with excellent service, as it adapts and innovates to meet and exceed their clients’ needs with local know how, experience and expertise to scale the various business concepts from multiple sectors. ExpanGlobal is commited to being the best expansion partner for your business.
For more information, please visit www.expanglobal.com
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About KISSES FROM ITALY Inc.
KISSES FROM ITALY is a U.S. based restaurant chain focused on fast-casual dining with traditional Italian Panini, homemade lasagna, salads, panzerotti di Bari, Italian coffee, dessert and breakfast offerings. The company currently operates four corporate owned stores. It successfully commenced operations in May 2015 with the opening of its flagship location in Ft. Lauderdale at 3146 NE 9th St. This was followed by three additional sites across the greater Ft. Lauderdale/Pompano Beach area. The Company recently opened its inaugural European location in Ceglie del Campo, Bari, Italy in October of 2019. In September of 2019, Kisses from Italy Inc. was given the approval by FINRA to trade its common stock and was approved for up-listing by the OTC Markets Group to the OTCQB in mid-October 2019 under the ticker symbol KITL.
For more information, please visit www.kissesfromitaly.com
Safe Harbor Statement
Thispress release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involverisks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, includingstatements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock,statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annualperiods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and ExchangeCommission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplatedby the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities andExchange Commission. Among other matters, Kisses from Italy Inc. may not be able to sustain growth or achieve profitability basedupon many factors including, but not limited to, general stock market conditions. Reference is hereby made to cautionary statementsset forth in the company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansionof our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costsin both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknownexposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predictedat this time.
Contact Information:
Kisses from Italy Inc.
305-423-7129
info@kissesfromitaly.com
SOURCE: Kisses from Italy Inc.
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