Business
Quarterly Update On Amfil Technologies, Inc. (OTC: FUNN) From CEO Rogen K. Chhabra
Quarterly Update On Amfil Technologies, Inc. (OTC: FUNN) From CEO Rogen K. Chhabra.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n ONTARIO, CANADA, March 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Amfil Technologies, Inc. (OTC: FUNN) provides the following shareholder update: The past few months have seen an incredibly positive shift in the company due to several factors. First and foremost, the Covid vaccine rollout is making a big difference. This has allowed the re-opening of our US locations and we anticipate Canada will follow suit shortly. Revenue continues to quickly improve with the re-openings, and we have no shortage of customers. Executing to the plan previously laid out, we are focusing resources in the most critical areas; reducing overhead, running leaner and positioning FUNN for scale and success beyond all previous metrics.  Summary of Key Accomplishments since December CEO report: Continued resolving, restructuring and eliminating debts without incurring offsetting / new obligations. Eliminated a large amount of the accruing interest with convertible noteholders. Hired an accounting firm to be a liaison for the FY19 and FY20 Audits. Established FUNN Dispensaries, Inc. as a Canadian Federal corporation. Completed construction of Snakes & Lattes Tucson. The venue will be open shortly after inspections are complete. Completed Snakes & Lattes Tempe outdoor seating area expansion. Navigated Snakes & Lattes Tempe to all time record revenues with continued upward momentum. Re-opened Snakes & Lattes  Chicago with revenue trending in the right direction. Maintained a near zero cash burn rate. Established weekly management conference calls for open and under construction venues. CEO interviewed by Wall Street Analyzer at their request. Increasing market visibility and at no cost to Amfil. Communication Communication remains consistent, concise, and candid.  The strategy has been simple: reports have been issued publicly only when tasks are complete or information reliable. Calls and emails from shareholders have been responded to with a sense of duty and urgency and with respect to Regulation Fair Disclosure. All communications with vendors, partners, and even creditors have been timely to gain trust and better position the company in negotiations. We have received positive feedback regarding the cadence and format of this Quarterly CEO update. Shareholders can expect this report to be issued approximately...