FUNN Amfil Technologies Inc (PK)

Amfil Technologies Inc. Signs LOI To Open A New Snakes & Lattes Venue in Charlotte, North Carolina And Announces That A Location Will Also Be Coming To Denver, Colorado

Toronto, ON -- August 1, 2018 -- InvestorsHub NewsWire -- Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to announce that Snakes & Lattes has signed a Letter of Intent (LOI) to open a Snakes & Lattes location by way of a Joint Venture partnership in Charlotte, North Carolina. The partnership arose from the company’s recent visit to the area.

Charlotte is the most populous city in North Carolina, with an estimated 850,000 people. The Charlotte Metropolitan Area, which is a sixteen-county market region, is home to an estimated 2.7 million people. It is the third largest city in the southeastern United States and is estimated to be the third fastest growing major city in the United States. Charlotte is home to numerous colleges and universities with UNC Charlotte being the largest in the city. Based on US Census data from 2005-2015, it tops the 50 largest US cities as the ‘millennial hub’, making Charlotte an ideal location for a Snakes & Lattes location with respect to target demographics.

Several properties have been shortlisted as potential locations, and a lease request will be submitted to a landlord upon final location selection. While this Snakes & Lattes location is projected to open in 2019, further locations planned in other regions may open earlier. The US Expansion Team will continue visiting different US regions/cities to meet with potential partners to identify and secure prospective venues for further openings throughout 2018 and into 2019.

The next expansion trip will be to the state of Texas. Meetings with potential partners have been set for Dallas, Fort Worth, Austin, San Antonio, in addition to a number in the Houston area. The team will be attending multiple meetings and covering a large geographical area over the week. 

The team will then proceed on to Denver and Fort Collins, meeting with interested parties and viewing potential sites for further Snakes & Lattes locations. The Denver location planned for the area will be corporate-owned, and is projected to commence construction in 2018, provided the right location is secured.  A private investor has already committed to fully funding this location.

Parties interested in meeting with the US Expansion Team in any of the above-mentioned regions, or, to enquire when the team will be available in other areas of the United States are encouraged to email investors@snakesandlattes.com to make arrangements.

Construction of the first corporate-owned USA location in Tempe, Arizona is moving along, and is slated to open in time for the back to school season. Further updates regarding the US Expansion of the Snakes & Lattes brand can be expected as they continue to develop. The company looks forward to accelerating the brand even further throughout the US as we continue solidifying Snakes & Lattes brick and mortar locations and strategic partnerships to expand operations and deliver maximum value back to our shareholders.

Additional updates 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 @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 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 through Snakes & Lattes Publishing SAS which recently acquired Morning games in France, which is expected to add significant revenues to the bottom line in the future. 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.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 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