Emerging Markets Report: Something’s Cookin’
Kisses From Italy Could be at an Expansion Tipping Point
An Emerging Markets News Commentary
ORLANDO, Fla., Aug. 08, 2023 (GLOBE NEWSWIRE) -- For decades upon decades investors have looked for the smallest tidbits of information to ascertain the trajectory of a public company. They scrutinize filings to see if perhaps the Company is purchasing more of a critical ingredient or part that might portend a large unannounced purchase order and greater future sales. When a new hire joins the Company’s C-suite or Board of Directors they scour his or her background, comb through their LinkedIn and imagine what that new Rolodex might do for the Company’s bottom line.
Imaginations run wild. Message boards run amuck.
All on simple or not so simple speculation.
But what if the future were not so hard to imagine, not so opaque? What if you could see the next steps, almost to reality and fruition and imagine the next version of a Company that is both time proven and agile, looking to expand upon their successes in a truly significant way that is a reasonable, almost organic extension of their business model?
Kindly allow us to re-introduce one of our longest covered companies, Kisses From Italy, Inc. (OTCQB:KITL) a U.S.-based restaurant chain operator, Franchisor, and product distributor of Italian foods.
Well, that’s the descriptor we’ve used for years.
And it’s about to change.
Kisses From Italy has had its share of successes crafting and delivering popular Italian food items in its restaurants and through stores as a take-and-bake item. The systems to deliver in both channels are ALREADY in place, proven, enduring. The recipes are also proven and popular, the essence of a brand.
The Company’s business plan thus far has been well-reported by them and by us. We’ve noted their expansions and progress and have always appreciated the fact that the Company has been able to generate revenue in a variety of ways.
But the next step(s) could be significant.
As has been widely reported, the Company has entered into a partnership with Celebrity Chef Scott Conant. Conant, for those without cable television, is an American celebrity chef, Food Network star, restaurateur and celebrated cookbook author. Kisses and Conant have agreed to develop a new restaurant concept with Conant and team taking the lead on the brand and concept.
That was several months ago and we again loved the idea of Kisses using their experience, footprints in the minefield if you will, to bring something new to market. Conant, for us, seemed to very much be in the upper echelon of potential partners with the thinking on this side of the keyboard that any chef deemed more elite than Conant would be less likely to partner or would command too much equity in the deal.
Conant and his outstanding reputation and popularity seem ideal both on paper and in the kitchen.
Again, that was back in March.
Fast forward to August and things are taking shape.
Just recently, the Kisses team met in person to discuss strategy, product launching, and another recent announcement confirms that they are close to landing a New York location for the first restaurant. The final steps to launch are being made and it should be lost on no one that Fransmart is involved, the franchise incubator that was a big part of Five Guys success.
Moreover, Conant has announced that the new brand will be based around a concept called "The Ponte San'gwich Shoppe & Italian DeliSM" which commemorates Conant’s fond memories of his Italian neighbors growing up, a group that held onto their culture and each other in equal measure.
And it was in a release discussing this bold new brand that Claudio Ferri, co-CEO, CIO, and co-founder of Kisses From Italy, offered a quote that for us sums up both the opportunity and the obvious inertia of the moment:
"With the amazing menu Scott and his team are putting together (for Kisses), it only makes sense that we begin the process and proceed with looking into the retail market space. With our experience in many stores in Quebec and Ontario, our products are starting to find a home in bigger box stores. The potential to become part of the product offerings in the larger and more lucrative U.S.-based retail stores is now a real possibility."
That’s exactly how we see it too.
Experience. Relationships. New Talent.
Time will tell in Q’s and K’s for KITL, but it is easy to see that something’s cookin’ right now at Kisses from Italy.
Make sure to check out https://kissesfromitaly.com/ for news and updates.
About Kisses from Italy Inc.:
Kisses from Italy Inc. is a U.S.-based restaurant chain operator, franchisor, and product distributor with locations in North America and Europe. The Company offers a quick-service menu and a unique take on traditional Italian delicacies with an All-American flair. Kisses from Italy offerings include sandwiches, salads, Italian roasted coffee, coffee-related beverage, and an array of other products.
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