TORONTO, ON--(Marketwired - Aug 22, 2017) - Amfil Technologies
Inc. (OTC PINK: AMFE) is pleased to provide our shareholders
and the investment community with an update on the plans for
franchising the Snakes & Lattes Inc. retail division throughout
North America and beyond as well as on progression within the new
publishing division.
Since inception, the Snakes & Lattes Inc. tabletop gaming
bars/cafes have made a meteoric rise in popularity and
profitability in the 2 locations in downtown Toronto, Ontario. The
3rd and largest cafe/bar location set to open in early September,
will be used as the 'flagship' location, which all future locations
will be modeled after as the division continues its aggressive
expansion plans in the North American markets. With the increasing
popularity of the retail locations, patronage has increased to a
level where both current locations consistently have line ups and
waiting lists of customers waiting for available tables. This
increased demand has not only fueled the plans for expansion, but
provided further proof of the concept and business model of the
cafe/bars and the value of the uniquely specialized 'game gurus' on
staff.
With interest in the Snakes & Lattes Inc. retail locations
surging at such a tremendous rate, management has decided that the
most effective way to supply enough venues to meet the demand from
patrons is to begin leasing franchises. This will allow the brand
to aggressively expand throughout the North American market at a
rate exponentially faster compared to locations being opened
entirely in-house. This will also expedite the profitability of the
locations and the revenues being added to the company's bottom
line, in turn rapidly increasing shareholder value.
The plan for franchising and expansion is still in the process
of development, we are currently in the process of building the
required foundation to effectively execute the franchise seamlessly
with a first leased franchise targeted to open in early calendar
2018.
The following initiatives are being pursued and will be executed
prior to rollout of franchise expansion:
Adding an experienced franchising consultant to management
team
The company has been interviewing highly experienced candidates,
to join the management team to provide expertise relating to high
volume franchising. We have considered a number of highly qualified
candidates for the role, including a former VP of a large
publically traded entity responsible for the rollout of over 4000
retail locations. We are currently in the process of short listing
and determining potential compensation packages or project budgets
for the right candidate.
Bringing on the right individual for this particular job will be
a huge asset ensuring the smooth rollout of the new franchises,
assisting with the franchise structure, recruitment of franchisees,
coordination with legal counsel, capital management, marketing, and
growth of the franchise/brand.
More details will be announced once decisions have been made and
deals have been finalized.
Engaging a franchise specialized lawyer
To work alongside the chosen experienced franchising consultant
the company is currently in the process of hiring a lawyer
recognized both domestically and internationally who specializes in
franchising to help with the setup as well as purchase and sale of
franchise systems, the drafting and updating of franchise
agreements and franchise disclosure law compliance among other
things. The company expects to have the whole franchise team in
place and ready to go in Fiscal Q2 2017.
Snakes & Lattes Head Office/Franchise Headquarters
With Snakes & Lattes Inc. ramping up the brand and exposure
to its various divisions as well as the upcoming roll-out of the
franchise model, it was deemed necessary to create a Snakes &
Lattes Inc. management office / headquarters. Needing a proper
space to work on the business and expansion side of the company, as
well as to invite suppliers, potential customers and / or franchise
owners, a space has been rented and construction will begin on the
new Snakes & Lattes Inc. headquarters in September 2017 with an
expected move-in ready location by October 2017.
Cloud Accounting Software Acquisition
In our news releases published on November 16th, 2016 and March
8th, 2017, we mentioned a potential upcoming acquisition of a
company that would assist with synergizing the internal workings of
each subsidiary to prepare for large scale expansion and
franchising opportunities. This company is a Cloud Accounting
Software provider that specializes in processes that automate the
completion of financial reporting, tax compliance and streamlines
the large scale purchasing, accounts receivable / payables and the
many other systems needed for multiple locations and
businesses.
This deal includes a software suite which provides wait-list
management, tip pooling, employee scheduling, pay software,
shipping, inventory and a customized POS system that was internally
developed and perfected.
This acquisition was previously negotiated and has already been
funded, but was put on hold while management executed on higher
priority initiatives. We will be finalizing this acquisition in the
coming weeks.
We will make the announcement and release the details once the
acquisition has been made official.
Publishing Team
We are in the process of engaging a high-end graphic design
artist with extensive experience working on major Hollywood
projects. This highly talented individual has over 10 years
experience in entertainment advertising including theatrical,
television, home entertainment and gaming with expertise in art
direction, typography, retouching, and conceptual design.
His impressive portfolio consists of design work for film and
television titles including Game Of Thrones, Entourage, San
Andreas, Limitless, The Martian, Mad Max, and The Accountant
amongst many others.
The company is in the process of engaging this perfectly suited
candidate for the purposes of producing the cover art work,
advertising, packaging, game surfaces and potentially game cards,
game currencies, etc. for new game titles being developed and
marketed through the Snakes & Lattes Inc. publishing division.
The company has received general quotes on different levels of
design intricacies, are happy with them and will look to solidify a
formal engagement before the end of this month with a continued
long term relationship with this artist/designer moving forward.
The company has two titles in mind that it would like to begin the
publishing process on immediately after engagement.
Snakes & Lattes Inc. is also looking at expanding on its
board game designer nights to offer quarterly or semi-annually
first place prizes of having Snakes & Lattes Inc. publish the
game for the designer and push it through the distribution network.
The games would be voted on based off of overall design, game
mechanics, recurring playability and overall level of fun and
enjoyment among other things. This would also allow the publishing
of the generally accepted best designed games within the community
through feedback, to be cherry picked to be taken to market and
distributed through the Snakes and Lattes Inc. distribution network
and should have the best possibility of success in the
industry.
The above mentioned steps towards preparing the brand for
franchising and publishing will ensure that the process proceeds
efficiently and within targeted time frames, allowing for the
expansion of the brand across the North American market,
penetrating all major hubs and attaining maximum overall market
share of the retail entertainment market.
Franchising marks a monumental step for the company, wildly
enhancing the company's overall strength, profitability, and brand
exposure in North America and Internationally for all divisions of
the Snakes & Lattes Inc. organization including the retail,
distribution, and publishing divisions.
Furthermore, the company is pleased to announce that Ben
Castanie, Founder and President of the Snakes & Lattes Inc.
subsidiary has been added to the Amfil Technologies Inc. board of
directors. The company is proud to have Mr. Castanie on the board
to further ensure the Snakes & Lattes Inc. subsidiary continues
to execute its growth and expansion strategy, increasing revenues,
and thus delivering the maximum value back by Amfil to its loyal
shareholder base.
Anyone interested in a franchising opportunity of a Snakes &
Lattes Inc. venue, please
contact investors@snakesandlattes.com
More details surrounding the publishing, distribution and
franchising arms of Snakes & Lattes Inc. as well as other
corporate developments can be expected shortly.
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 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.