TORONTO, ON, Jan. 03, 2018 (NewMediaWire) -- Amfil Technologies
Inc. (OTC Pink: AMFE) is pleased to provide a general overview of
the company’s immediate focus, goals, and strategic initiatives for
calendar 2018.
Continuing from the achievements and growth realized throughout
2017, the company is positioned to significantly expand operations
as we enter the new year. Shareholders can expect growth and
expansion to continue as we execute on the company’s proven
business models and growth strategies for each respective
subsidiary and division.
Key initiatives to expect include:
GRO3
Shareholders can expect significant developments throughout 2018
from the GRO3 and overall medical marijuana initiative. As
legalization continues to spread throughout the United States, and
as legalization is implemented nationally in Canada this year, the
company is well positioned to develop a significant market share in
the industry by ensuring that industry products are meeting
regulatory requirements.
- The company will continue working alongside our Canadian
cultivation partners, and will complete the rollout of the GRO3 /
RotoGRO technologies in their new facility, which is currently
under construction.
The company will set up a showroom in California, showcasing the
product lines for the Californian market as we anticipate it
becoming a large focus of the company’s sales and marketing
efforts. Key personnel residing in California have been hired and
will be handed the existing leads and ongoing discussions the
company is undertaking with Californian cultivators in order to
close the leads and realize sales. More info on this initiative
coming shortly.
- The company will continue to work with existing contacts and
other interested parties on their schedules in order to accommodate
and facilitate their roll-out needs, and the introduction of the
technology into their facilities. 2017 laid major groundwork in the
industry that this subsidiary should be able to capitalize on it
throughout 2018, converting interest into purchase
orders.
Corporate
Company Audit: We expect this process to be completed,
submitted, and announced this month. Following the audit
completion, the company will immediately seek to up-list to the
OTCQB or OTCQX, dependent upon share price and negotiation with the
exchange.
Once up-listed, the company will announce the spinoff date of
the Interloc-Kings Inc. subsidiary, which in turn will initiate the
dividend date, allowing existing shareholders to receive shares in
the new public entity.
Natural Stuff Inc.
- The addition of new brands and products to promote distribution
expansion.
- Expansion of the sales force to continue to facilitate the
division’s growth.
- Expansion of the distribution facility to support growing
demand from small businesses, large national corporations, and big
box retailers.
- Framework development for the distribution of infused
products.
Snakes & Lattes Inc.
Following on the opening of Snakes & Lattes Midtown, the
leadership team intends to shift primary focus to the franchising
initiative and to the US based expansion strategy. Hamilton and
Kitchener/Waterloo area franchises were sold in 2017, and
management is in discussions with many other interested parties for
franchising in the United States and Canada. These efforts are
expected to contribute to the company’s bottom line throughout
2018.
Other developments include:
- Corporate support for Hamilton and Kitchener/Waterloo
franchisees as buildout occurs.
- Expected to open a US distribution center.
- Expected to open Chicago as the U.S. corporate headquarters,
and first U.S. corporate store location.
- Expected to approve and open multiple US franchise
locations.
- Expected to have self-published game title(s)
- Expected additional large exclusive distribution rights for
high-demand game titles for multiple global markets.
- Expected to receive exclusive rights to games being developed
by consistently successful designers with existing high-demand
titles.
- Complete overhaul of online company presence, while adding
numerous additional titles for purchase through the in-house
distribution line, and new branded merchandise.
- Hosting of a shareholder appreciation night in Toronto at
Snakes & Lattes Midtown in early 2018. The exact date will be
announced with three weeks prior notice, to ensure ample time for
shareholders to make travel and/or accommodation arrangements.
This is just a broad scope of previously publicized initiatives
and events to expect in the coming weeks/months. There are also a
number of exciting developments progressing behind the scenes which
will significantly contribute to the company’s bottom line moving
forward. The details will be released to the public when
appropriate.
The company remains steadfast in its commitment to deliver the
maximum value back to our shareholders as we continue to accelerate
into the new year. Significant increases in revenue contributions
from all subsidiaries is expected throughout 2018, as the company
continues to expand its operational focus and extend its reach into
new industry sectors and geographical markets.
“We have full expectations that the company will continue its
upwards trajectory throughout 2018 and beyond, at a rate
unprecedented for the company,” stated Roger Mortimer, CEO. “I
would like to thank our shareholders for their support, and
reaffirm that our progress and expansion is showing no signs of
slowing down in the foreseeable future. Stay tuned, as 2018 is sure
to be the biggest year on record!”
A number of updates can be expected from Amfil Technologies Inc.
and its subsidiaries in the near future.
For more information regarding the company, please
visit www.amfiltech.com and follow us on Twitter for
further updates @AmfilTech.
For more information on Snakes & Lattes Inc. please
visit www.snakesandlattes.com
For more information on GRO3, please
visit http://gro3systems.com/
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 100+ member staff and recently
acquired the exclusive distribution rights throughout Canada for
some of the most popular board games in the world. 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.gro3systems.com website or on twitter
@GRO3Systems.
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.
Safe Harbor Statement
This news release contains statements that involve expectations,
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
Company's OTC Market or Securities and Exchange Commission filings.
These statements are forward-looking and are subject to risks and
uncertainties, so actual results may vary materially. You can
identify these forward-looking statements by words such as "may,"
"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,
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.
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com