Business
Amfil Technologies Inc. Announces That Our Subsidiary, Snakes & Lattes Inc., Is Expanding Internationally Into the Game Publishing Business
Amfil Technologies Inc. Announces That Our Subsidiary, Snakes & Lattes Inc., Is Expanding Internationally Into the Game Publishing Business.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n \n \n Amfil Technologies Inc. Announces That Our Subsidiary, Snakes & Lattes Inc., Is Expanding Internationally Into the Game Publishing Business\n \n \nAmfil Technologies Inc. Announces That Our Subsidiary, Snakes & Lattes Inc., Is Expanding Internationally Into the Game Publishing Business\n \n TORONTO, ON--(Marketwired - Jun 13, 2017) - Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that its subsidiary, Snakes & Lattes Inc., will be entering the game development and publishing business. This is a crucial step towards expanding on its current market share, further solidifying the Snakes & Lattes Inc. brand as an international powerhouse in the tabletop gaming industry.\n With the overwhelming success of the distribution side of the business, the company felt it prudent to investigate the potential to further increase margins on the high-volume product sales of the division. After extensive analysis of the numbers and logistics involved, management has determined the initiative to be viable and cost-effective.\n The Snakes & Lattes Inc. locations have been hosting game designer nights for quite some time now and with being so deeply entrenched in the table top gaming community, it has begged the question internally for many months now as to when the company will begin entering the game publishing arena and bring new titles to market in-house. Snakes & Lattes is currently positioned to manage all stages of new projects beginning from inception to product launch, and will use its current resources for research and development, product testing, marketing, and of course sales and worldwide distribution. This move would bring a far greater ROI when compared to the ROI on the current game titles that we stock and distribute, essentially 'cutting out the middleman' and allowing us to stock and distribute larger volumes and further expand into additional markets internationally.\n The current costs associated with stocking game inventory is comparable to the costs to print and manufacture our own game titles, which would not only provide larger volumes for the same price, but also immediate worldwide exclusive distribution rights. We will use our retail locations as 'proving grounds' for new game titles prior to publishing in order to determine which titles will generate the highest demand. T...