Business
Amfil Technologies Inc. Discusses the Plan & Status for the Franchising of the Snakes & Lattes Inc. Subsidiary and the Expansion of the Game Publishing Division
Amfil Technologies Inc. Discusses the Plan & Status for the Franchising of the Snakes & Lattes Inc. Subsidiary and the Expansion of the Game Publishing Division.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n \n \n Amfil Technologies Inc. Discusses the Plan & Status for the Franchising of the Snakes & Lattes Inc. Subsidiary and the Expansion of the Game Publishing Division\n \n \nAmfil Technologies Inc. Discusses the Plan & Status for the Franchising of the Snakes & Lattes Inc. Subsidiary and the Expansion of the Game Publishing Division\n \n TORONTO, ON--(Marketwired - Aug 22, 2017) - Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to provide our shareholders and the investment community with an update on the plans for franchising the Snakes & Lattes Inc. retail division throughout North America and beyond as well as on progression within the new publishing division.\n Since inception, the Snakes & Lattes Inc. tabletop gaming bars/cafes have made a meteoric rise in popularity and profitability in the 2 locations in downtown Toronto, Ontario. The 3rd and largest cafe/bar location set to open in early September, will be used as the 'flagship' location, which all future locations will be modeled after as the division continues its aggressive expansion plans in the North American markets. With the increasing popularity of the retail locations, patronage has increased to a level where both current locations consistently have line ups and waiting lists of customers waiting for available tables. This increased demand has not only fueled the plans for expansion, but provided further proof of the concept and business model of the cafe/bars and the value of the uniquely specialized 'game gurus' on staff.\n With interest in the Snakes & Lattes Inc. retail locations surging at such a tremendous rate, management has decided that the most effective way to supply enough venues to meet the demand from patrons is to begin leasing franchises. This will allow the brand to aggressively expand throughout the North American market at a rate exponentially faster compared to locations being opened entirely in-house. This will also expedite the profitability of the locations and the revenues being added to the company's bottom line, in turn rapidly increasing shareholder value.\n The plan for franchising and expansion is still in the process of development, we are currently in the process of building the required foundation to effectively execute the franchise seamlessly with a first leased franchise targeted to open in ea...