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Kisses from Italy Inc. operates and licenses a network of restaurants across North America and Europe. These establishments offer a diverse menu, featuring grilled and deli paninis, various coffee and tea beverages, sweet treats, and other select food items. Additionally, the company supplies its proprietary products to retail food and grocery stores in Ontario and Quebec, Canada. Founded in 2013, the firm's corporate headquarters are situated in Miami, Florida.
Kisses From Italy, Inc. (KITL), Finalized Settlement Agreement with Various Convertible and Senior Preferred Debt Holders
Kisses From Italy Inc. (OTCID: KITL) (the "Company") today announced that it has completed all the steps in the agreement to restructure the debt owed to Coventry Enterprises, LLC ("Coventry"). The terms of the agreement with Coventry is for a cash settlement payment of $115,000, and the issuance of 34,000,000 shares of common stock, resulting in the full satisfaction of the debt obligation and the cancellation of previously defaulted share conversions.