Toronto, ON -- December 21, 2017 -- InvestorsHub NewsWire --
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide the
following update to shareholders and investment
community.
2017 was a great year for the company. As calendar 2017 comes to
a close, the company felt it would be a good time to reflect on the
accomplishments of 2017 and assess the efficacy of the “Growth
Strategy” implemented by current management last year.
Amongst the many achievements in 2017, the company believes the
following items to be noteworthy accomplishments that have
strengthened the company not only throughout this past year but
will continue to add value and fuel the company’s growth for many
years to come.
Accomplishments of 2017
- Hired additional staff to the GRO3 sales and marketing as well
as corporate team. Rebranded GROZONE to the EcoPrO3 GRO3, made
numerous upgrades to the old technology and system. Some of the
upgrades included
Unit is now all stainless steel.
Fully automated system with user friendly electronic interface
making operational control very easy to use and the ability to have
tighter control parameters.
Highly efficient in addressing most of the challenges facing
grow-ops with regards to mold control, insecticide reduction, more
effective nutrient consumption, improved plant strength and
quality.
Greater flexibility to scale systems up or down based on actual
grow-op application requirements.
Ability to integrate/adapt into existing facility
monitoring/control systems or develop independent systems where
required
Ability to control/monitor via internet or remotely.
Overall market value and share price has increased significantly
over the past 12 months coming from a low of below .005 twelve
months ago to .125 today, which equates to 2400% in year over year
sustained gains in terms of market perception and sustained share
price.
Announced Fiscal Q2 2017 revenue increase YoY of +4500% to
$1,542,389
Announced the reduction of the issued and outstanding share count
by 47% in March 2017.
GRO3 passed product review by Accredited USDA certifying agent
Pennsylvania Certified Organic confirming the GRO3 product line
complied with National Organic Programs (NOP) regulations allowing
clients in Pennsylvania and the surrounding states as well as
California to use the product line.
GRO3 received U.S. Patent Pending #62472210 for the new EcoPr03
GRO3 Antimicrobial System.
Snakes & Lattes invited to host weekly events at Cineplex’s the
Rec Room in Toronto with a select team and collection of board
games to commence a working relationship and showcase the Snakes
& Lattes brand. This was a great success and the trial period
has now been expanded to an ongoing weekly event indefinitely at
this time.
GRO3 entered into discussions with a California corporation to
integrate the EcoPrO3 technology into a 10-acre medical marijuana
property which is in development.
PCAOB auditor is engaged to perform audit on last three fiscal
years so the company can uplist to the OTCQB and hopefully straight
to OTCQX. Process is moving along well, yet still ongoing but
expected to be completed shortly.
Snakes & Lattes Inc. receives exclusive distribution rights to
Canada for a number of the most popular board game titles in the
world.
BlogTO.com named the Snakes & Lattes College location the best
late night café in Toronto.
Jamey Stegmaier with Stonemaier Games, the most influential blogger
within the boardgame fulfillment sphere, naming Snakes & Lattes
the best fulfillment house in Canada.
Snakes & Lattes partners with three of the largest fulfillment
houses in the United States, these being funagain.com, Gamesalute
and CoolStuffInc.
Warehouse space and warehouse inventory increased dramatically to
keep up with demand.
Snakes & Lattes set up new partnership with FedEx in order to
streamline logistical processes, improve efficiency and decrease
costs, while increasing and improving reach to customers throughout
Canada and the United States.
Employees now exceed 100+
Mill Street Brewery developed ‘Secret Alliance’ beer in conjunction
with Snakes & Lattes to be sold exclusively at Snakes &
Lattes locations.
Snakes & Lattes Inc. received its largest purchase order to
date from Indigo Chapters and will be supplying approximately
10,000 units each of a number of titles where exclusive Canadian
distribution rights are held.
Will now be warehousing, supplying and drop-shipping all orders
placed on Amazon for titles that Snakes & Lattes Inc. has
exclusive Canadian distribution rights to.
Amfil signs an agreement with Roto-Gro Worldwide Inc. to form a
joint venture to integrate and distribute the GROzone EcoPr03
Antimicrobial System with the revolutionary Roto-Gro Rotary
Hydroponic systems.
Announced Fiscal Q3 2017 Revenue Increase YoY of 26,600% to
$1,809,064.
Snakes & Lattes receives exclusive international distribution
rights to some popular game titles to South-East Asia and European
markets.
10 year lease is signed for the third and largest Snakes &
Lattes location to date, which is now known as ‘Midtown”. McMillan
was selected as the designers for the 10,000 sq. ft. location and
mForm as the lead contractors.
A new division of Snakes & Lagers Inc. was created in
partnership with executive head chef Joseph Shawana to open "K-km",
a fine dining restaurant centered in the culinary traditions and
narratives of the indigenous people of Canada. Opening covered by
CBC’s The National.
Snakes and Lattes receives largest purchase order to date at $1.25M
CDN and continues bringing on new clients and targeting select
companies and purchasing agents of large retailers to expand
distribution. Receives further exclusive Canadian distributorships
for top game titles.
GRO3 gets new showroom in London, Ontario.
Snakes & Lattes forms publishing division and hopes the monthly
game designer nights will allow for cherry picking of best games to
publish or have a grand prize of publishing their game.
Amfil decides to go one step further once audit is completed and
spin-off the Interloc-Kings Inc. subsidiary thereby creating a
share dividend back to the shareholders. This process will begin
once the audit is complete and uplist has occurred which is
expected shortly.
Snakes & Lattes partners with the Toronto District School
Board, French School Board, Sick Kids Hospital & Day Camps
furthering community initiatives.
GRO3 receives its first purchase order commitment from an up and
coming 40,000 sq. ft. grow facility that is in the process of
finishing their construction in preparation of having production go
online in early 2018. Order will be for 100 Roto-Gro units and 5
EcoPr03 systems and values at approximately $1.15M.
Announced 2017 Fiscal Year End Revenues of $6,630,973 USD; Up
Almost 2400% Over FYE 2016
Received an order for two shipping containers of product, approx.
32,000 units of games the company holds the exclusive distribution
rights to in Canada. This single order was received from Amazon and
is valued at over $650,000
Warehouse space more than doubles going from 3500 sq. ft. to 8000
sq. ft.
GRO3 featured in PCO magazine ‘Organic Matters’.
Amfil reduces the authorized share count by 300M, from 900M down to
600M.
Snakes & Lattes announced the creation of new head office /
franchise headquarters.
Kevin Flynn, Minister of Labour holds a media availability event @
Snakes & Lattes 'College' and discusses the upcoming minimum
wage increase and Snakes and Lattes’ pro stance.
GRO3 begins working with the same party who provided the purchase
order commitment for their 40,000 sq. ft. location to have a
roll-out proposal for a second proposed property that was
purchased. Given a commitment go-ahead when they are ready.
Snakes and Lattes provides franchising ideal rollout map and
guidance on the franchise plans for the company divided into waves
1-4.
Snakes & Lattes sells its first franchise location in Hamilton,
Ontario.
Snakes & Lattes begins hosting weekly board game nights called
“Battlemat” at Cineplex’s Rec Room Toronto Roadhouse every Monday
from 7pm – 11pm as a pilot project that has now switched to
indefinite at this time.
Snakes & Lattes establishes partnership with Lending Loop,
Canadas first fully regulated peer-to-peer lending platform focused
on small businesses.
Snakes & Lattes sells its second franchise location in
Waterloo, Ontario.
Corporate events and holiday parties that are scheduled at Snakes
& Lattes are up almost 100% year over year.
Amfil Technologies Inc. Announces Fiscal Q1 2018 Revenues up
20,619% Year Over Year to $5,900,346 Setting A New Quarterly
Financial Record For The Company
Recruited successful Hollywood graphic designer Daniel Bieber,
dbieber.com to create and design the box cover art, game surface,
posters and marketing materials as well as all items needed for
game play on self-published titles.
Received Signing Bonus of $200,000 and First Exclusive Publishing
& Distribution Contract
GRO3systems.com receives a website overhaul.
Amfil acquires Natural Stuff Inc., Distributors of 28 Black Amongst
Other Products
Large PR / Marketing Campaign set up for the Grand opening of 3rd
Midtown location.
Snakes & Lattes has signed an exclusive partnership agreement
with CBRE Limited, the Canadian subsidiary of CBRE Group Inc.
Natural Stuff Inc. coming out the gate strong. Another 3 truckloads
and 1300 packages out the door in one day.
Chicago was chosen as the first corporate owned location to open in
the USA in 2018.
Numerous U.S. and Canadian based potential franchisees in
discussions to open location(s).
3rd and largest location to date, ‘Midtown’ officially opens its
doors for business.
Online orders to U.S. residents begins.
Snakes & Lattes announces the Master Franchising Program
It is announced that the first self-published game titles will be
ready in early 2018.
Audit process is nearing completion which kicks off the uplist,
spin-off / share dividend plans previously announced. Management
comprehends the expressed interest from shareholders regarding the
completion of this process and assures the investment community
that this process is progressing smoothly and should be completed
very soon.
In Conclusion
Management is pleased with the great success of the 2017 company
growth strategy. The achievements of calendar 2017 have built the
foundation for continued explosive growth into calendar 2018 and
beyond. The company intends to stay the course with the growth
strategy, whilst continuing to execute on a number of revenue
generating initiatives. Current projects include:
- Continued United States franchising of Snakes & Lattes
Establishment of corporate owned Snakes & Lattes location in
Chicago, IL
Hamilton, ON and Kitchener/Waterloo, ON Canadian franchises
opening
Snakes & Lattes Game Publishing Expansion
Continued expansion of Snakes & Lattes Distribution
division
Continued expansion of Natural Stuff Inc. Distribution
Completion of the Audit and subsequent Uplist and Spinoff of
Interloc-Kings Inc
The completion of the GRO3 installation and integration into a
licensed medical marijuana facility in Southern Ontario and other
locations currently in discussion.
The company remains on an upwards trajectory in terms of
revenues, growth, and expansion which managements expects to
continue into the foreseeable future. The company continues its
aggressive approach to the mass expansion of all related
subsidiaries and business divisions, and total commitment to
increasing shareholder value with year over year growth. A number
of new and exciting developments will be released in the coming
weeks as we enter into calendar 2018 which is expected to be the
largest year in company history by far posting exponential year
over year revenue growth.
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