Shares of Kisses from Italy Inc. (OTCMKTS:KITL) moved up in the previous session and now up 8% in a week.
Market Action
On Tuesday, KITL stock gained 2.04% to $0.0650 with 66k shares, compared to its average volume of 26k shares. The stock moved within a range of $0.0580 – 0.0650 after opening trade at $0.0640.
Kisses from Italy Resumes Talks with ExpanGlobal For Distribution and Brand Development in India
Kisses from Italy Inc. (OTCMKTS:KITL) has formally completed trademark registration filing process for India with the Government of India’s, Ministry of Commerce and Industry Department of Industrial Policy and Promotion. This governing body supervises patents design and trademarks.
The company is also resuming work on its partnership agreement with ExpanGlobal that was initiated before the pandemic, in February 2020. ExpanGlobal is a leading international market entry and expansion company headquartered in India and is representing Kisses from Italy across India.
Michele Di Turi, co-founder of Kisses from Italy, as well as its President and co-CEO, said they are thrilled to be resuming discussions with the team at ExpanGlobal again. The Covid-19 pandemic wreaked havoc upon the world, and India was no stranger to extremely tough times. Both teams maintained the relationship throughout this tumultuous time, and thankfully things are normalizing to a certain extent. The strategies discussed included menu development and design based on demographic statistics provided by ExpanGlobal and potential store designs, with the respective market demand in India.
Kisses from Italy is working hard on rolling out its restaurant brand and franchise, while building distribution relationships and channels around the world. The company and branded retail products can do amazingly well in an emerging and developing country like India.
Traders Note
KITL stock is trading below the 20-Day and 50-Day Moving averages of $0.0669 and $0.0744. Moreover, the stock is trading is the neutral zone with RSI stands at 46.
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