TORONTO, ON--(NewMediaWire - Feb 7, 2017) - Amfil Technologies
Inc. (OTC
PINK: AMFE) is pleased to announce a reduction of 370M
shares which equates to 47% of the issued and outstanding common
stock. The intention of making a reduction of this scale was to
substantially increase current shareholder value to better reflect
the company's rapid growth in revenues and profit.
The amendment to our articles of incorporation creating a
preferred class of securities was accepted and processed by the
Secretary of State of New York last week. Roger Mortimer, the CEO
and President of Amfil Technologies Inc. has sent 350M shares of
his personal holdings, and Ben Castanie, founder of Snakes &
Lattes Inc. and Snakes & Lagers Inc. sending his 20M shares of
personal holdings to the company transfer agent, American Stock
Transfer & Trust for cancellation in exchange for preferred
shares.
The net effect of this exchange is a total issued and
outstanding common share count of 421,919,764 down from
791,919,764. Our public float held with the DTC remains unchanged
at 192,861,131.
The company profile on OTC Markets which can be viewed at the
following link, https://www.otcmarkets.com/stock/AMFE/profile will
be updated shortly to coincide with the final confirmation of
completion by American Stock Transfer & Trust in the coming
days.
Amfil Technologies Inc. has continuously succeeded in meeting
and exceeding the targets related to the 2017 growth strategy thus
far. The primary focus is currently on the GROzone Project as well
as the planned expansion of Snakes & Lattes and Snakes &
Lagers Inc. Further updates relating to these endeavors can be
expected in the coming weeks.
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," "intend,"
"plan," and other similar expressions. Our actual results, such as
the Company's ability to finance, market the technology, 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.