TORONTO, ON, Jan. 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Amfil Technologies Inc. (OTC: AMFE) is pleased to provide a brief update on the brick and mortar expansion currently in progress as well as being worked on for future openings.
The Snakes & Lattes location in Tempe, Arizona opened in October 2018 and has been gaining traction quickly with month over month revenue increases since its official launch, which indicates the region was a great starting point for the US expansion. Now that Tempe is up and running, the Company is pleased to announce that a second location in Arizona is in the final stages of negotiation, potentially opening as soon as spring/summer 2019. The Company is in the process of finalizing quotes with contractors and anticipates the signing of a definitive lease agreement shortly, moving the project past the LOI stage. The Company will be providing further details on this project as it progresses.
Snakes & Lattes Inc. is pleased to announce that it has selected a venue and received commitment from a joint venture partner, and funder, for a new Snakes & Lattes location in Orlando, Florida. The Company has found a suitable corner unit, in a prime entertainment district which has become available and the Company is in the process of firming up this location. Further details regarding this location will be provided prior to the end of this month.
As previously announced, a JV partner and funder have been secured to open a Snakes & Lattes location in Charlotte, North Carolina. Originally, we had selected a potential location, however since then 2 additional locations have become available which management felt were potentially more suitable for a Snakes & Lattes café. Ben Castanie and Aaron Zack have travelled from Toronto and will be arriving in Charlotte this Thursday, January 10th, 2019 to view all three potential locations alongside the JV partner and funder, to ascertain which location would be most ideal for the café given the target demographic and business specific criteria to ensure the business’s success.
Assuming all goes as planned and the locations are secured, the company expects to begin construction on these 3 additional cafes this spring, bringing the total number of Snakes & Lattes locations operational or under construction from 4 to 7 within the first half of 2019.
Additionally, the company continues to pursue a number of locations to increase café openings for 2019 even further. As previously mentioned, the company already has a partner and funder prepared to open a location in Denver, Colorado as soon as an appropriate location becomes available. The Company adheres to strict criteria in terms of selecting a location to ensure success and finding the correct location to target its demographic has proven to be well worth the wait.
We have the same situation in Fort Collins, Colorado. The funder has provided confirmation of intent to fund and is ready to go as soon as a suitable venue can be secured. We have targeted a specific area in the city which would allow us to directly service our target demographic, but given the popularity of the area, vacancy rates for venues in the area are low. We are monitoring the situation closely and will be alerted once something becomes available.
Again, management is firm in their view that it is better to follow the strict criteria, and wait for a prime location, rather than rush an opening in a lesser ideal location and risk failure. Fortunately, the company has forged close relationships with JV partners and funders prepared to pull the trigger as soon as target locations becomes available in multiple cities.
Furthermore, the Company is currently negotiating with funders and/or potential landlords in 17 other US cities which are at earlier stages of the development process. Many of these cities are also just waiting for the right venue to become available, otherwise everything else has been organized. This could happen at any time; however, they have not progressed to that point yet. The company will provide further updates relating to these potential locations as the deals continue to develop and as venues become available.
Since the successful launch of the first US based location in Tempe, AZ, it appears that 3 additional US based locations are likely to begin construction very soon, and as 2019 progresses that number could increase significantly. The Company looks forward to the continued expansion of its highly popular Snakes & Lattes cafés throughout North America and expects the frequency of new openings to increase continuously for the foreseeable future.
Further updates from Amfil Technologies and its related subsidiaries can be expected soon.
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 4 tabletop gaming bars and cafes, 3 of which are located in Toronto, Ontario that brought in over $8M USD in revenue last year and one recently opened in Tempe, Arizona. 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 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.com website 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
Email: rmortimer@amfiltech.com