Business
Amfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months
Amfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n \n \n Amfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months\n \n \nAmfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months\n \n TORONTO, ON--(Marketwired - May 30, 2017) -  Amfil Technologies Inc. (OTC PINK: AMFE) announced late last year that we had developed and intended to execute on a 2017 Growth Strategy to expand the company via the development of our existing subsidiaries, strategic partnerships, acquisitions, the development of our technologies and general market reach. We are now nearly at the halfway point into 2017 and are pleased to provide a general six month summary of the results we have achieved so far under the strategy and has been publicly disclosed to date, with further accomplishments and updates to be announced shortly. We also provide brief updates on operations which have been mentioned but not elaborated on further as of yet.\n Amfil Technologies Inc. (AMFE) highlights the last 6 months:\n \n \n The recently acquired Snakes & Lagers Inc. and Snakes & Lattes Inc. subsidiary posted over $7.35M CAD in revenue with $1.6M CAD in gross profits last year.\n \n \nBack to back quarterly revenue increases of 4500% and 26,600% respectively past two quarters year over year.\n \n \nCompleted a 47% reduction in our Issued and Outstanding Share Count\n \n \nReceived exclusive distribution rights in Canada and other international regions to a number of the most popular and well known board game titles in the world.\n \n \nExpanded warehouses total capacity and increased staff to accommodate the expansion.\n \n \nIncreased inventory to over $4.8M in preparation for the expected near term purchase orders.\n \n \nReceived the largest purchase order to date for exclusively held titles in Canada from Indigo / Chapters.\n \n \nBegan shipping game products for the $1.25Million CAD deal with large retailer.\n \n \nSet-up working relationship with Cineplex/Rec-Room\n \n \nWorking with Nintendo Canada on developing Nintendo Switch game nights at the Snakes & Lattes Inc. locations.\n \n \nPartnered with U.S. Fulfillment Houses Game Salute, Cool Stuff Inc., funagain.com\n \n \nHigh Volume retail sales continues through Amazon\n \n \nMill Street Brewery developed Secret Alliance beer in conjunction with Snakes & Lattes\n \n \nSnakes & Lattes b...