Brick
& Mortar Locations:
Snakes
& Lattes Inc. has received back a signed LOI from the landlord
of a key property in Tempe, Arizona. This brings Snakes &
Lattes Inc. one step closer to breaking into the US market. Ben
Castanie, President of the Snakes & Lattes Inc. subsidiary,
will be flying down to meet with the landlord this coming Thursday,
March 8, 2018 with intent to finalize the lease. We are optimistic
on the deal closing, and if so, focus will immediately shift to
bringing the first Arizona location online which has already been
fully funded for the complete build-out. An architectural design
firm has been selected and construction will begin on this location
as soon as the drawings and design layout have been completed with
a targeted opening date of late Summer 2018. The selection process
for the initial Game Guru’s, managers, and general staff has
already commenced with a number of promising candidates expressing
their interest to join the team once the operations are further
solidified.
The
original plan was to sell a master franchise to begin the regional
foothold, however Snakes & Lattes Inc. management has instead
opted to enter an agreement with a local investor who will fund
this as a Corporate Owned location which will also act as a
franchising, training, and distribution hub for the Southwestern
region of the United States. This will provide the company, with an
ongoing relationship with this same person, allow for additional
location targets in the region to be captured with enhanced
oversight on the operations of the future franchises in the area
and give us greater ability to provide support and training. The
corporate owned location will also oversee the distribution
business in the Southwestern region.
Tempe,
AZ is well-positioned as a key market in the Southwestern United
States, boasting high density of key demographics and high-volume
foot traffic areas. Tempe is home to Arizona State University
(ASU), a campus with 72,000 annual enrollees as of 2016, and Rio
Salado College with close to 50,000 annual enrollees. In
addition, there are a number of college and university campuses
within a less than 20 minute drive from Tempe including (but not
limited to);
Grand
Canyon University with over 70,000 annual enrollees
Glendale
Community College with over 30,000 annual enrollees.
Mesa
Community College with over 20,000 students annually.
In our
estimation, there are well over 250,000 college students annually
at campuses anywhere from walking distance to a 20 minute drive
from the Snakes & Lattes Tempe location. This bodes well for
the location as students make up a high percentage of Snakes &
Lattes’ key customer demographic.
Development
of a Corporate Owned brick & mortar location in the
Southwestern U.S. will provide a foothold in the US market, create
a launchpad for further retail expansion into California, Colorado,
Utah, Nevada as well as other key states, and create an inroad into
the development of US distribution centers in conjunction with
existing shipping partners in the United States.
Additionally,
Snakes & Lattes management continues to work with its partners
at CBRE Limited to locate and secure properties within Canada,
further showing commitment to concurrent, stable growth within the
American and Canadian markets. Hamilton, ON and Waterloo, ON
franchises have been sold and are in the process of locating,
selecting, and obtaining prime locations. The company intends to
await the availability of suitable locations as opposed to opening
in locations not aligned with the standards of the brand.
Additional areas are also currently being looked at for additional
Snakes & Lattes Inc. locations.
Snakes
& Lattes Inc. ‘Midtown’, the third and largest location to date
that opened in Toronto, ON received its liquor license this past
week and has begun serving alcohol as of this past Friday. This is
exciting for the company as alcohol purchases at the other
locations make up approx. 50% of total sales with healthy margins
so this event is expected to further drive increased revenues out
of this location.
Potential
Acquisitions:
Snakes
& Lattes Inc. is currently in initial discussions with two
companies that have expressed interest to be acquired by Snakes
& Lattes Inc. The first is one of the largest board game
distributors in Canada, and the second is a distributor and
publisher in Europe. As the company expands into the USA, the
company will be looking at a potential acquisition of a distributor
in a key location in the USA, in addition to our own planned
distribution center in Chicago, IL. The strengthened US
distribution arm would serve as a satellite to complement the
initial Northern offices and warehouse in Chicago, and the South
Western presence in Arizona.
Further
updates relating to the expansion of the Snakes & Lattes brick
and mortar locations, as well as the potential acquisitions in the
publishing and distribution sectors will be announced as they
develop. The company is very excited with the recent developments
in terms of US expansion and remains steadfast in its commitment to
increase its reach throughout North America and
beyond.
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 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