TORONTO, ON, Feb. 20, 2018 (GLOBE 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 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.
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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.