Business
Amfil Technologies, Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary
Amfil Technologies, Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n \n \n Amfil Technologies, Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary\n \n \nAmfil Technologies, Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary\n \n TORONTO, ON--(Marketwired - Jun 7, 2017) -  Amfil Technologies, Inc. (OTC PINK: AMFE) is pleased to inform the shareholders that further to the recently announced purchase order from Indigo, Snakes & Lattes Inc. is now systematically speaking with all the purchasing agents for the 89 superstores and 123 small format stores to arrange product sales for additional Indigo locations. Once completed, this would exceed the additional $1.25M purchase order that we announced last month.\n Additionally, Snakes & Lattes has been contacted by an additional number of North American retailers including EB Games/GameStop and HMV to discuss their immediate and ongoing requirements for the game titles that we exclusively distribute. We anticipate a number of large purchase orders to be received and fulfilled in the near future, and on an ongoing basis from these newly formed relationships.\n Snakes & Lattes has been awarded exclusive Canadian distribution rights to yet another massive game title that is currently one of the most sought-after games in the industry, expected to come to market this month after a wildly successful Kickstarter campaign late last year. Full details of this game title will be announced upon their approval and the game's official launch in Canada.\n These recent developments have provided even further confirmation of the major contribution that the distribution business will add to the company's bottom line. The results have already exceeded management's original expectations and are expected to continue to grow exponentially as we solidify additional partnerships with retailers and exclusive distributorships moving forward.\n Our JV partner in the EcoPrO3 project, AOI (Advanced Ozone Integration), has recently leased and completed required upgrades/renovations on an office and manufacturing facility near Toronto, Ontario. This will provide the projects President, Ambrose Fillis, with further oversight of the manufacturing process which was previously occurring in Michigan. Ambrose is in the process of obtaining the inventory to...