Amfil Technologies Inc.
Announces 3 New US Based Snakes & Lattes Cafe/Bar Locations In
Progress and Additional Locations in Planning Stages
TORONTO, ON -- January 10, 2019 -- InvestorsHub NewsWire -- Amfil
Technologies Inc. (OTC: AMFE) is pleased to provide a brief update
on the brick and mortar expansion currently in progress as well as
being worked on for future openings.
The Snakes & Lattes location in Tempe, Arizona opened in
October 2018 and has been gaining traction quickly with month over
month revenue increases since its official launch, which indicates
the region was a great starting point for the US expansion. Now
that Tempe is up and running, the Company is pleased to announce
that a second location in Arizona is in the final stages of
negotiation, potentially opening as soon as spring/summer 2019. The
Company is in the process of finalizing quotes with contractors and
anticipates the signing of a definitive lease agreement shortly,
moving the project past the LOI stage. The Company will be
providing further details on this project as it progresses.
Snakes & Lattes Inc. is pleased to announce that it has
selected a venue and received commitment from a joint venture
partner, and funder, for a new Snakes & Lattes location in
Orlando, Florida. The Company has found a suitable corner unit, in
a prime entertainment district which has become available and the
Company is in the process of firming up this location. Further
details regarding this location will be provided prior to the end
of this month.
As previously announced, a JV partner and funder have been
secured to open a Snakes & Lattes location in Charlotte, North
Carolina. Originally, we had selected a potential location, however
since then 2 additional locations have become available which
management felt were potentially more suitable for a Snakes &
Lattes café. Ben Castanie and Aaron Zack have travelled from
Toronto and will be arriving in Charlotte this Thursday, January
10th, 2019 to view all three potential locations alongside the JV
partner and funder, to ascertain which location would be most ideal
for the café given the target demographic and business specific
criteria to ensure the business’s success.
Assuming all goes as planned and the locations are secured, the
company expects to begin construction on these 3 additional cafes
this spring, bringing the total number of Snakes & Lattes
locations operational or under construction from 4 to 7 within the
first half of 2019.
Additionally, the company continues to pursue a number of
locations to increase café openings for 2019 even further. As
previously mentioned, the company already has a partner and funder
prepared to open a location in Denver, Colorado as soon as an
appropriate location becomes available. The Company adheres to
strict criteria in terms of selecting a location to ensure success
and finding the correct location to target its demographic has
proven to be well worth the wait.
We have the same situation in Fort Collins, Colorado. The funder
has provided confirmation of intent to fund and is ready to go as
soon as a suitable venue can be secured. We have targeted a
specific area in the city which would allow us to directly service
our target demographic, but given the popularity of the area,
vacancy rates for venues in the area are low. We are monitoring the
situation closely and will be alerted once something becomes
available.
Again, management is firm in their view that it is better to
follow the strict criteria, and wait for a prime location, rather
than rush an opening in a lesser ideal location and risk failure.
Fortunately, the company has forged close relationships with JV
partners and funders prepared to pull the trigger as soon as target
locations becomes available in multiple cities.
Furthermore, the Company is currently negotiating with funders
and/or potential landlords in 17 other US cities which are at
earlier stages of the development process. Many of these cities are
also just waiting for the right venue to become available,
otherwise everything else has been organized. This could happen at
any time; however, they have not progressed to that point yet. The
company will provide further updates relating to these potential
locations as the deals continue to develop and as venues become
available.
Since the successful launch of the first US based location in
Tempe, AZ, it appears that 3 additional US based locations are
likely to begin construction very soon, and as 2019 progresses that
number could increase significantly. The Company looks forward to
the continued expansion of its highly popular Snakes & Lattes
cafés throughout North America and expects the frequency of new
openings to increase continuously for the foreseeable future.
Further updates from Amfil Technologies and its related
subsidiaries can be expected soon.
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/
For more information on Natural Stuff Inc., please
visit https://www.naturalstuffinc.com/
For more information on Interloc-Kings Inc., please
visit http://www.interloc-kings.com/
About Us:
Amfil Technologies Inc. is the parent company to four wholly
owned subsidiaries.
1). Snakes & Lagers Inc. holds the trade name and is the
owner of Snakes & Lattes Inc. which currently operates 4
tabletop gaming bars and cafes, 3 of which are located in Toronto,
Ontario that brought in over $8M USD in revenue last year and one
recently opened in Tempe, Arizona. The company is in the process of
franchising throughout North America. 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. The
company also operates a lucrative fulfillment and distribution
division and has recently entered into the board game publishing
business which is expected to add significant revenues to the
bottom line. 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. The subsidiary has
developed a strategic partnership with Roto Gro, the creator of
proprietary rotary hydroponic technology. 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.
4). Natural Stuff Inc. For over 20 years, Natural Stuff Inc. has
been distributing high-quality, value products. Since 1994, the
business and delivery system have been satisfying grocery, chain,
discount department, and convenience store customers. Wholesalers,
vending and catering services are some of our best clients. Natural
Stuff Inc. is always searching for new and exciting snack food
& drink products to boost in-store sales and drive
business.
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,", "will", "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.
Contact:
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: rmortimer@amfiltech.com
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