Toronto, ON -- February 20, 2018 -- InvestorsHub
NewsWire -- Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to
provide shareholders and the investment community with an update
regarding the company’s most recent acquisition and newest
subsidiary: Natural Stuff Inc. (NSI)
Amfil Technologies Inc. announced the acquisition of NSI on
November 1st 2017 as an addition to the product distribution side
of the business that the Snakes & Lattes Inc. subsidiary has
grown so tremendously over the past 12 months. Natural Stuff Inc.
holds distribution rights to several food and beverage brands
including 28 Black, a popular premium energy drink. At the time of
the acquisition, NSI had a distribution customer base of over 300
accounts across Canada. We are pleased to announce that the client
base has now grown to exceed 500 accounts across Canada.
As part of the acquisition agreement, the founder and President
of NSI, Silvano Racioppo, remains in a leadership position for the
entity to drive the expansion of all associated business. Mr.
Racioppo has over 25 years' experience in distribution and
logistics for numerous food and drink brands which lead to the
generation of approximately $18 Million per year in revenue for the
business prior to a family tragedy which pulled him away from his
business completely.
Mr. Racioppo has been working diligently to regain client
accounts and additional brands for direct store distribution (DSD)
having now been able to return to actively focusing on his
business. DSD companies are not a ‘drop and run’ type of
distributor. DSD reps carry inventory on their trucks, assess
what the retailer needs, then pick from the truck, invoice,
merchandise and collect payment. Product positioning and
placement at retail are vital to the success of each product. DSD
companies typically guarantee the sale of their products.
Premier DSD companies, like NSI, maintain a low return rate
against a high sell through across their product lines. NSI
is poised to become the premier DSD company for major Fortune 500
CPG (consumer packaged goods) companies to small format channels in
Canada, including the convenience, gas and drug channels.
Very few major CPG companies have a DSD model and therefore
are not maximizing the potential sales through these lucrative
channels. As mentioned above, NSI’s client base has grown
from approximately 300 accounts upon acquisition to over 500
accounts currently, a 66% increase in two months. Mr. Racioppo has
also recently secured some key deals to expand the product lines
being distributed through NSI.
The distribution of bread products was a major contributor to
the annual revenues generated by Natural Stuff Inc. prior to the
family tragedy which pulled Mr. Racioppo from the business.
Distribution to small format retail is an ongoing challenge for the
two major Canadian bread companies, leaving this sector largely
under served. These two national bread companies struggle
with distribution to small format retail due to the limited shelf
life of the products. NSI is excited to announce that it has
secured the exclusive distribution rights in Canada of HBCI bread
products, which will not only service the distribution void, but
disrupt the current prevailing bread distribution model.
HBCI bread products are the first to market in Canada with a
proprietary blend of 35-day clean-label extended shelf life bread,
which also goes through a natural proofing process. The bread
will be distributed in boxes, bypassing the cost of deadheading
trays. This bread product line alone will create a disruptive
opening in the above-mentioned channels primarily due to its 35-day
shelf-life compared to the industry standard 9-12 days.
Some of the new distribution agreements include:
- HBCI Bread, exclusive Canadian distribution of 35-day extended
shelf life bread products using a clean-label proprietary mix,
versus the industry standard 9 to 12 days. There will be ten
bread products, including white, wheat, hot dog buns, hamburger
buns, bagels, multigrain, Italian, etc. breads. This is the first
and only formulation of it’s kind in Canada.
Planters Nuts and snacks.
Metzger meats in Ontario
Aggressive expansion into Bars/Clubs/Restaurants with sales of 28
Black (New & old flavours & support material from Spa
Springs.)
Various products from Conagra Brands
NSI is also actively negotiating distribution deals with several
major Fortune 500 CPG companies, with two of these deals to be
announced shortly once they are secured.
NSI will be hosting a booth with the 28 Black Product Line at
the CARWACS Convenience and Gas Show on March 6th & 7th
2018.
The company is pleased with the rapid successes obtained by the
Natural Stuff Inc. subsidiary, and look forward to assisting with
the drive to regain and exceed its previous $18Million per year
market share which would dramatically contribute to overall company
revenues.
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 http://www.interloc-kings.com/" rel="nofollow"
target="_blank">http://www.interloc-kings.com/"> 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 3
tabletop gaming bars and cafes located in Toronto, Ontario that
brought in over $7M CAD in revenue last year. 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
atwww.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 thewww.gro3systems.comwebsite 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 websitewww.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 and
is growing every day.
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.
Contact: Roger Mortimer Amfil Technologies Inc. Telephone: (647) 880-5887 Email: ir@amfiltech.com