Joomla! Template LT News - Item Support

Is it possible to add ads using the simple form in LT news template? I would like to allow guests from the front-end (without logging in) to provide the title, content and photo. Something like a comment module. The advertisement would be automatically added to the appropriate K2 category. Advertisements would be displayed by using the item overview in a given category as the other items in k2 are displayed on the main page.
Alternatively, the superuser would have to publish the advertisement - like the comments module.
where i could customize coming soon page and error page? I still have lt news logo on them... ant those pages have wrong colors... (i am using preset 4 as default )
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Item Name:
LT News
Item Version:
$29.00 $21.75
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This item may be used for a single domain only.
$39.00 $29.25
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