Business
Amfil Technologies Inc. Provides A Brief Shareholder Update From The Snakes & Lattes USA Expansion Team
Amfil Technologies Inc. Provides A Brief Shareholder Update From The Snakes & Lattes USA Expansion Team.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"Amfil Technologies Inc. (OTC: FUNN) would like to provide a follow up to last weeks press release on the new USA Expansion Team deal and the commitment to provide updates with regards to this as well as other initiatives. The company is pleased to announce the Team’s first week began well and the company is happy to share the recently received progress report from the USA Expansion Team regarding last weeks progress.This is intended as a progress report for shareholders and as such will not be distributed through channels other then here on OTC Markets as is done with press releases. Moving forward the company intends to post progress reports and updates similar to this one to ensure that shareholders are advised on progress. The company will continue to fully distribute specific milestone achievements as has always been done via full press release distribution using larger channels. These progress reports will just be something for shareholders in addition to regularly announced press. The company received the following report from our USA Expansion team summarizing the first weeks efforts:“We hit the ground running the first week. We cast a wide net looking for suitable and available venues to open new Snakes & Lattes Cafe’s in the USA. We’ve begun preliminary discussions with realtors, brokers, landlords, and potential strategic partners in Silicon Valley, Los Angeles, Houston, Dallas, Denver, Chicago, Atlanta, Nashville, Birmingham, Chattanooga, New Orleans, and several more. We are realistic that some of these will not result in a venue opening in those cities, but they currently remain viable until proven otherwise. It may take months to find appropriate spaces and strategic alliances in some of these cities. However, we also remain hopeful that some of our current leads will result in quick opportunities to get leases signed and build out processes commenced.”“We have put mechanisms in place to avoid the barriers that have slowed expansion in the past to increase frequency of venue openings. One strategy we will continue with is creating a partnership vehicle for each venue so that various investors can participate to help build out each corporate-owned venue, allowing us to build more rapidly throughout the USA.” “We have made good progress on what will be an ongoing and exciting journey to de...