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Mitesco Inc reported $39K in revenue and $499K in net income for fiscal 2025. See the full MITI financial statements: income statement, balance sheet, cash flow and ratios, each column linked to its SEC filing.

Mitesco Names National Sales Manager, Regional Roll Out for Software Apps Slated for Q4

Mitesco prepares Robo Agent’s move from development to market rollout by adding a national sales leader and outlining flexible future deal structures.

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Mitesco (MITI) appointed experienced real estate executive Salvatore “Sal” Carillo as National Sales Manager to lead the planned Q4 2026 rollout of its Robo Agent AI-powered real estate productivity platform.

Carillo, currently Managing Director of Mayell Real Estate in the New York City area, will guide national sales strategy for Robo Agent and other Vero Technology Ventures software initiatives. His role includes building regional sales operations initially in the Northeast, West Coast and Southeast, and developing licensing relationships with brokerages, real estate teams, industry coaches and other partners. Mitesco plans to staff Robo Agent sales roles with licensed agents having at least 10 years of experience, aiming to align the platform with agents’ daily workflows. The company may also consider flexible cash and equity-based structures for future licensing or technology transactions, although no specific deals are currently under discussion.

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Experienced Real Estate Executive to Lead Robo Agent's Planned Q4 2026 Rollout and Regional Sales Expansion

VERO BEACH, Fla., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Mitesco, Inc. (OTCQB: MITI) ("Mitesco" or the "Company"), through its Vero Technology Ventures division, today announced the appointment of Salvatore "Sal" Carillo as National Sales Manager.

Carillo will lead the national sales strategy and planned Q4 2026 rollout of Robo Agent, Mitesco's AI-powered real estate productivity platform, as well as its other software development projects. His responsibilities will include developing regional sales operations initially focused on the Northeast, West Coast and Southeast, while building relationships with specific licensing opportunities through brokerages, real estate teams, industry coaches and other strategic partners.

"Sal combines hands-on real estate experience with a strong understanding of how agents and brokerages operate," said Brian Valania, Chief Executive Officer of Mitesco, Inc. "That perspective will be important as we move Robo Agent from product development into broader market deployment and establish experienced regional sales teams across the country."

Carillo currently serves as Managing Director of Mayell Real Estate in the New York City metropolitan area. His role with Vero has been structured to allow him to continue operating his real estate business, keeping him directly connected to agents, clients and changing market conditions.

In addition to Robo Agent, Carillo will oversee sales development for other projects currently under consideration by the Company.

Mitesco intends for its customer-facing Robo Agent sales professionals to be licensed real estate agents with at least 10 years of industry experience. The Company believes this experience-based sales model will enable its representatives to better understand the daily challenges facing agents and demonstrate how Robo Agent can improve productivity, follow-up, accountability and business growth. A discussion of the Robo Agent application can be found here: https://youtu.be/Y3hDsZ1SpYQ?is=f7Kaj_8LuiOuFItR.

"Robo Agent is being built around the way successful real estate professionals actually work," said Carillo. "I look forward to helping assemble an experienced national sales organization and introducing the platform to agents, teams and brokerages beginning in the fourth quarter."

As Vero evaluates potential licensing candidates and complementary technologies, Mitesco may consider flexible transaction structures designed to address the capital constraints that can affect emerging companies. Valania noted “As a publicly held Company we have some growth opportunities not generally available to other technology entities. These structures may include cash, equity or a combination of both, including the potential of Mitesco taking an equity interest in a licensing candidate, or a candidate taking a minority equity position in Mitesco.” Any such transaction would be subject to due diligence, definitive agreements, required corporate approvals and applicable securities laws. No specific transactions are in discussion at this time.

ABOUT ROBO AGENT

Robo Agent is an AI-powered real estate productivity platform designed to help agents identify priorities, manage opportunities, improve follow-up execution and drive better business outcomes. The product is currently in evaluation by a number of well-known real estate agencies with a national presence. Further insight can be found here: https://youtu.be/Y3hDsZ1SpYQ?is=f7Kaj_8LuiOuFItR.

ABOUT MITESCO, INC.

Mitesco (OTCQB: MITI) is a growth-oriented technology company focused on platforms that improve efficiency, access, and affordability. With deep experience in business transformation, the Company deploys capital toward both organic initiatives and strategic acquisitions that enhance shareholder value.

ABOUT CENTCORE, LLC

Centcore, a division of Mitesco, Inc., is the Company's dedicated data center business unit. Centcore provides secure, scalable cloud services tailored to modern enterprise and public sector needs. Centcore is a trusted provider across industries, offering certified infrastructure and high-availability solutions.

For more information, visit www.centcoreusa.com.

ABOUT VERO TECHNOLOGY VENTURES, LLC

Vero Technology Ventures is Mitesco's venture arm investing in productivity-driven cloud technologies designed for business and government applications. Areas of focus include infrastructure, process automation, analytics, artificial intelligence, automation, and data center tooling. Entrepreneurs seeking capital and collaboration are invited to connect at info@mitescoinc.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements, including but not limited to statements related to expansion into new operations, data center development, and software acquisition initiatives. Words such as expects, anticipates, aims, projects, intends, plans, believes, estimates, seeks, assumes, may, should, could, would, foresees, forecasts, predicts, targets, commitments, and similar expressions are intended to identify such forward-looking statements.

These forward-looking statements are based on the Company's current plans, assumptions, beliefs, and expectations. Actual results may differ materially due to risks including financing availability, execution risk, litigation exposure, and other factors disclosed in the Company's filings with the Securities and Exchange Commission, available at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Company's securities in this offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

INVESTOR CONTACT

Jimmy Caplan
jimmycaplan@me.com
(512) 329-9505

COMPANY CONTACT

Brian Valania
Chief Executive Officer and Chief Financial Officer
Mitesco, Inc.
bvalania@centcoreusa.com
(610) 888-7509


FAQ

What leadership change did Mitesco (MITI) announce for Robo Agent?

Mitesco named Salvatore “Sal” Carillo as National Sales Manager for Robo Agent. He will lead national sales strategy, oversee the planned Q4 2026 rollout, and support sales development for additional Vero Technology Ventures software projects.

When is the Robo Agent rollout planned for Mitesco (MITI)?

The company plans to begin the broader market rollout of Robo Agent in Q4 2026. Initial efforts will focus on establishing regional sales operations and introducing the platform to real estate agents, teams and brokerages.

What will Sal Carillo’s role involve at Mitesco (MITI)?

As National Sales Manager, Carillo will lead Robo Agent’s national sales strategy, build regional sales teams in key U.S. regions and develop licensing relationships with brokerages, real estate teams, industry coaches and other strategic partners, while continuing to operate his Mayell Real Estate business.

Which regions will Mitesco (MITI) target first for Robo Agent sales?

Mitesco plans to develop regional sales operations for Robo Agent initially focused on the Northeast, West Coast and Southeast. These areas will be the early targets for introducing the AI-powered real estate productivity platform to agents and brokerages.

What sales model does Mitesco (MITI) plan for Robo Agent?

Mitesco intends for Robo Agent’s customer-facing sales professionals to be licensed real estate agents with at least 10 years of experience. The company believes this experience-based model will help representatives address agents’ daily challenges and show how the platform can improve productivity and business outcomes.

What kinds of transaction structures may Mitesco (MITI) consider for licensing Robo Agent and related technologies?

Mitesco may consider flexible transaction structures for licensing candidates and complementary technologies, including cash, equity, or a combination. Possibilities include Mitesco taking an equity interest in a licensing candidate or a candidate taking a minority equity position in Mitesco, subject to due diligence and approvals.

What is Robo Agent in the Mitesco (MITI) portfolio and who is evaluating it?

Robo Agent is an AI-powered real estate productivity platform designed to help agents prioritize tasks, manage opportunities, and improve follow-up execution. It is currently in evaluation by several well-known real estate agencies with a national presence, according to the company.