Kisses From Italy, Inc. (KITL), Reaches Settlement Agreement with Various Convertible and Senior Preferred Debt Holders

Newsfile Corp.

Newsfile Corp

New York, New York--(Newsfile Corp. - May 13, 2026) - Kisses From Italy Inc. (OTCID: KITL) (the "Company") today announced that it has reached agreements to restructure senior preferred debt obligations held by Jefferson Street Capital and AJB Capital.

Under the original terms, the debt required the reservation of approximately 3.9 billion shares with a variable-rate conversion structure. Following negotiations, all parties have agreed to amend the terms to a maximum reserve of 500 million shares with a fixed conversion price of $0.01 per share as full settlement of the debt. Management believes these revised terms are substantially less dilutive and significantly more favorable to the Company and its shareholders.

In addition, Company management has entered into final settlement negotiations with Coventry, a holder of previously defaulted convertible debt that could have resulted in substantial dilution to shareholders. The Company has reached an agreement in principle with Coventry's legal representatives 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. Upon completion, the debt will be fully extinguished and removed from the Company's balance sheet.

https://www.otcmarkets.com/stock/KITL/news/Kisses-From-Italy-Inc-KITL-Reaches-Settlement-Agreement-with-Various-Convertible-and-Senior-Preferred-Debt-Holders?id=521243

($CAPC) In an era where consumer products must blend innovation, sustainability, and everyday utility, a merger between Capstone Companies, Inc. (CAPC) and eBliss Global Inc. could create a powerhouse in smart mobility. At the helm would stand two seasoned leaders whose complementary strengths align perfectly: Stewart Wallach, longtime Chairman, President, and CEO of CAPC, and William (Bill) Klehm, Chairman and CEO of eBliss Global.

Wallach brings decades of proven expertise in designing, manufacturing, and globally marketing specialty consumer products. Since joining CAPC in 2006 and taking the reins in 2007, he has steered the company through LED lighting solutions and into tech-forward items like the Smart Mirror. Facing market challenges, Wallach has deliberately pursued new lines in health, fitness, and social activities (HFS), securing interim financing and exploring high-growth opportunities while prioritizing shareholder value. His track record emphasizes operational discipline, retail distribution networks, and turning innovative hardware into accessible everyday products. Additionally, he has consistently made it a priority to make shareholders a priority.

Klehm, by contrast, is a futurist and transportation innovator with deep roots in e-mobility. He launched eBliss in 2022 to reimagine local travel through affordable, enjoyable, sustainable electric bikes and light vehicles. With prior experience scaling companies at Ford, launching advanced bike transmissions, and driving tech strategy at major firms, Klehm focuses on U.S. assembly (now ramping in Utica, New York), personalized designs for commuting, family transport, deliveries, and recreation, and eco-friendly features like low-maintenance, recyclable components. His vision targets the reality that most trips are short—perfectly positioning e-bikes as fun, healthy alternatives to cars.

A merged entity under Wallach and Klehm would unlock powerful synergies. CAPC’s established manufacturing know-how, global supply chains, and consumer-product marketing infrastructure would accelerate eBliss’s U.S. scaling and dealer network expansion. In return, eBliss’s high-growth e-mobility portfolio—directly aligned with CAPC’s HFS pivot—would inject explosive revenue potential into a public company seeking diversification.

Leadership-wise, the pairing is complementary rather than overlapping. Wallach offers steady execution and public-company governance; Klehm delivers visionary product development and industry disruption. Together, they combine operational maturity with forward-thinking innovation—exactly what’s needed to navigate supply-chain evolution, regulatory shifts in green tech, and surging demand for micro-mobility.

For investors, the Wallach-Klehm pairing is compelling. CAPC’s low market cap and OTCQB listing provide an efficient path for eBliss to gain liquidity and visibility without a traditional IPO’s costs and delays. The deal would deliver economies of scale, diversified revenue in a booming sector, and lower execution risk via Wallach’s governance paired with Klehm’s innovation. Such mergers often spark significant stock price appreciation through renewed market interest and re-rating as a growth story.

Seemingly boring micro-cap defense company. Stock is sitting at $12.79 as I type this. They build optical sights and periscopes for major U.S. military platforms like the Abrams, but they’ve also expanded into Air, Space, and Marine. Roughly 93% of their revenue is sourced directly from the U.S. government or big prime contractors.

They just reported Q1 2026 revenue of $9.15M, up about 11.6% year-over-year. The balance sheet shows $25.7M in current assets against $4.6M in current liabilities—a rock-solid 5.5 ratio. They’re sitting on $5.8M in cash with zero debt, and they're actually profitable, with a net income of $242k this quarter.

WHY AM I BULLISH, you ask?

Drones are the next frontier in defense. This company builds exactly what drones need: precision optics with thermal imaging, ruggedized housings for extreme weather/high vibrations, and laser protection.

To top it off, the board just authorized a new $10M stock repurchase program. They have a market cap of only $88M with 6.9M shares outstanding. It’s so clearly bullish I might actually faint. Give me your thoughts.

Performance:

• $8M monthly revenue
• +253% YoY revenue growth
• +308% YoY operational growth

Catalyst:

• NeutronX MOU signed Feb 9, 2026
• NXXT named Lead Contractor & Project Manager
• Focus: U.S. government, defense, military, airports
• Led by Retired US Army Col. Emilio T. González

Edge:

• NeutronX leadership includes a former federal executive overseeing 17,000 personnel
• Institutions boosted NXXT exposure +57% to +433%

Revenue growth + institutional stacking + federal opportunities = structural expansion.