TORONTO, ON-(NewMediaWire - Jul 5, 2017) - Amfil Technologies
Inc. (OTC PINK: AMFE) is pleased to provide the following
shareholder update on its current and recently developing
operations with projected revenue increase numbers.
The company's fiscal year ended last week on June 30th marking
the most successful year since the company's inception in 1985,
clearly proving the high growth business model implemented by our
current CEO, Roger Mortimer, when he took control of the company in
2013. As a direct result of this business model, the company has
broadened its operations through acquisition, strategic
partnerships, expansion of subsidiaries, and penetration of new
markets. These actions have manifested a significant increase in
revenues which is expected to continue its growth.
We appreciate the support from our
shareholders through this exciting time in the company's
development, and would like to take this time to provide an update
on current operations as well as announce further developments to
increase revenues as well as shareholder value.
The 3rd and largest, Snakes & Lattes Inc. 'Midtown'
location:
- The opening of the third and largest Snakes & Lattes Inc.
location dubbed 'Midtown' at Yonge & Eglinton in Toronto, is
projected for the end of this month, July 2017. The final stages of
construction which include atmospheric and aesthetic features will
commence the week of July 10th 2017. The renderings from
McMillan Design have been uploaded to provide the public with an
overview of Snakes & Lattes Inc. 'Midtown' prior to its
completion. The renderings can be viewed
at http://www.amfiltech.com/snakes-lattes.html
Management estimates revenue growth of approximately $3-$4 Million
by year end after the opening of the new location.
Snakes & Lattes Inc. announces plans for 4th location in
Vancouver, BC, Canada:
- Vancouver, BC, Canada has been selected as the first location
to expand the Snakes & Lattes Inc. retail division outside of
Toronto, Ontario. Further details relating to specific location and
time frame will be announced as they develop.
Management is currently shortlisted Chicago, Illinois as the target
city for the 5th Snakes & Lattes Inc. location. The decision is
not yet final, as management is still vetting other promising US
locations. Once the US market is penetrated we will have an
aggressive expansion plan unfold simultaneously to continue
spreading the brand across North America.
Nintendo Switch
- We previously announced that we had been approached by Nintendo
Canada's marketing department to help promote their new Nintendo
Switch. We will commence this working relationship by hosting
'Nintendo Switch Nights' and beginning large scale promotion of the
Nintendo product line, whilst attracting a new market segment to
the Snakes & Lattes Inc. locations for the hosted game nights.
We are looking to kick that marketing and promotion of their
product line off with a joint release with Nintendo.
Snakes & Lattes Inc. Community Initiatives
Snakes & Lattes Inc. has been extremely fortunate to have
the opportunity to provide the community with a safe and family
friendly environment to gather and enjoy themselves. Our successes
are a direct result of the people who have supported us. Our
management feels a deep sense of gratitude for the overwhelming
support, and strives to express this gratitude by contributing back
to the communities it operates in. Some recent community
initiatives recently undertaken include:
- Snakes & Lattes Inc. was accepted as an official partner
from the Toronto District School board (TDSB www.tdsb.on.ca/)
which serves 584 schools in Toronto thus opening the door to
partnerships for in school but also after school programs, and
building Game Libraries.
Snakes & Lattes Inc. is also partnering with the French School
Board (viamonde https://csviamonde.ca/)
Snakes & Lattes Inc. has a partnership with Sick Kids hospital
where they will help build board game libraries and will host one
or two game nights a month.
Snakes & Lattes Inc. has signed partnerships with kids Camps to
run a board game program where we are going to send game experts to
multiple camps across town for afternoons of gaming. Summer is the
perfect time to do it and the activity is quite lucrative. We are
also setting up long lasting relationships with the Kids
Camps.
The success of the Snakes & Lattes Inc. business model has
become abundantly clear over the last fiscal year. The overwhelming
support from the local community, business, and investment
communities has defined our progress, and continues to fuel the
brand as it propels itself into new markets and business
activities. Major industry leaders continuously approach us to
contribute and collaborate on the company's mission, visions, and
initiatives. This provides us with further confirmation that we are
moving in the right direction, and we will be announcing further
initiatives with major market leaders as they develop.
Once again, Amfil Technologies Inc. would like to thank all who
have been a part of our growth over the past fiscal year. We will
continue to execute on the strategies which have made this year
such a great success and will continue to deliver value back to
those that have supported us through the journey.
Further updates regarding the growth and expansion of Amfil
Technologies Inc. can be expected shortly as we continue to
accelerate into the new fiscal year.
For more information regarding the company please
visit www.amfiltech.com and follow us on twitter for
further updates from the company @AmfilTech
About us:
Amfil Technologies, Inc. is the parent company to three wholly
owned subsidiaries.
1). Snakes & Lagers Inc. holds the trade name and is the
owner of Snakes & Lattes Inc. which currently operates a 6,000
sq. ft. and a 7,500 sq. ft. tabletop gaming bar and cafe located in
Toronto, Ontario that brought in over $7M CAD in revenue last year.
It is in the process of opening a third location at 10,000 sq. ft.,
the largest to date. Snakes & Lagers Inc. is also the
procurement officer of all existing and future Snakes & Lattes
Inc. franchises and has the exclusive rights to sell franchise
locations globally. Snakes & Lattes Inc. was the first board
game bar and cafe in North America, is believed to be the largest
in the world and have the largest circulating public library of
board games in North America for customers to choose from. Snakes
& Lattes Inc. currently has a 90 member staff and recently
acquired the exclusive distribution rights throughout Canada for
some of the most popular board games in the world such as Cards
Against Humanity and Exploding Kittens. BlogTO.com recently named
Snakes & Lattes Inc. the best late night cafe in Toronto and
has also been named the best fulfillment house in Canada by Jamey
Stegmaier, the most influential blogger within the board game
fulfillment sphere. For more information on Snakes & Lattes
Inc. feel free to visit the website
at www.snakesandlattes.com
2). The EcoPr03 GRO3 Antimicrobial System was jointly developed
between Amfil Tech and A.C.T.S. Inc. which recently rebranded its
technology under Advanced Ozone Integration as an extension of the
existing ozone technology being utilized in the food and beverage
industry and integrated by A.C.T.S. into companies such as Pepsi,
Nestle, Sysco, Sun Pacific and many others. The system is a
triple-function sanitization unit capable of naturally eliminating
99.9% of water and airborne pathogens and the typically problematic
pests that wreak havoc for cultivators (like aphids, whiteflies and
spider mites), as well as bacteria, fungus, microbes and mold on
surfaces, all without chemicals. The unit can also constantly
regulate a given facility's water supply, oxygenating the water and
maintaining a consistent PPM infusion of ozone that prevents the
formation of algae, bacteria or mold (allowing for comprehensive
water recycling), simultaneously removing the need to use
pesticides and/or dangerous, often carcinogenic products to treat
production problems, as is common throughout the industry today.
This environmentally-friendly solution also eliminates odors, while
slightly reducing the air temperature, lowering energy consumption
by the HEPA filtration and HVAC systems and could potentially allow
for a facilities process to be labeled certified organic in the
U.S.A. when the crop is no longer considered illegal on the federal
level, otherwise "Clean Green" or "Certified Kind" in the meantime.
The EcoPr03 GRO3 Antimicrobial System recently passed product
review by a registered USDA certifying agent for use in California
as well as Pennsylvania and surrounding states. More information on
this product line can be found on
the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company
servicing the Greater Toronto Area. This subsidiary is an
authorized Unilock installer, Unilock being North America's premier
manufacturer of concrete interlocking paving stones and segmental
wall products. Interloc-Kings Inc. has an A+ Rating with the Better
Business Bureau (BBB) and a 10/10 rating on homestars.com.
Specializing in stone and wood installations between $5,000 and
$150,000 per project, Interloc-Kings Inc. has quickly become a top,
high quality installation company of outdoor living areas in the
GTA. More information on this subsidiary can be found at the
website www.interloc-kings.com
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plans or intentions (such as those relating to future business or
financial results, new features or services, or management
strategies) and other factors discussed from time to time in the
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"should," "expect," "anticipate," "believe," "estimate,"
"confident", "intend," "plan" and other similar expressions. Our
actual results, such as the Company's ability to finance, complete
and consolidate acquisition of IP, assets and operating companies,
as well as sales within our operating subsidiaries could differ
materially from those anticipated in these forward-looking
statements as a result of certain factors not within the control of
the company such as a result of various factors, including future
economic, competitive, regulatory, and market conditions. The
company cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
The company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.