TORONTO, ON, March 05, 2018 (GLOBE NEWSWIRE) -- Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide an update on recent Snakes & Lattes Inc developments relating to its expansion plan into the United States, franchising, and potential acquisitions in the publishing and distribution space.
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.