TORONTO, ON-(NewMediaWire - Jun 21, 2017) - Amfil Technologies
Inc. (OTC PINK: AMFE) is pleased to announce that it has
decided to spin-off the Interloc-Kings Inc. subsidiary into a new
public entity, leaving Snakes & Lattes Inc. and GROzone as
subsidiaries of Amfil Technologies Inc. (AMFE). In conjunction with
the spin-off, shareholders will be awarded with a one-time share
dividend in the newly formed entity based upon their holdings of
Amfil Technologies Inc.
Overview:
- Interloc-Kings Inc. will spin-off into a new public entity
Snakes & Lattes Inc. and GROzone will remain as subsidiaries of
Amfil Technologies Inc. (AMFE)
Shareholders of Amfil Technologies Inc. will retain all holdings in
Amfil and in addition will be awarded shares in the newly formed
entity.
Management is in the process of reviewing an acquisition for the
new entity which would significantly increase shareholder
value.
Further details relating to plans for the new entity will be
released as they develop.
The spin-off will occur upon completion of the previously
announced company audit, form-10 re-registration to become fully
SEC reporting, and up-list submission once our fiscal year-end June
30th 2017 is completed. Management will determine a record date,
all shareholders of Amfil Technologies Inc. (AMFE) on the record
date will then be awarded a pro-rata share dividend of the new
entity which will house Interloc-Kings Inc., the amount of which
will be based upon their holdings in AMFE. Amfil's management feels
that the spin-off of Interloc-Kings Inc. is the perfect opportunity
to provide a well deserved bonus to our loyal shareholders, with
potential for significant growth moving forward for their holdings
in both entities.
The new public entity will execute the same proven business
strategy which has been successfully implemented by the Amfil
Technologies Inc. management team. Management is currently
reviewing the viability of an acquisition with revenue growth
potential that could parallel that of the Snakes & Lattes Inc.
acquisition completed by Amfil Technologies Inc. in September
2016.
Further details relating to the spin-off, share dividend, and
future acquisition plans for the new entity will be announced as
they develop.
Additionally, significant announcements relating to the Snakes
& Lattes Inc. and GROzone subsidiaries can be expected in the
near future.
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 GROzone 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 GROzone
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
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.