SHAREHOLDER UPDATE FROM NEW AMFIL TECHNOLOGIES, INC. CEO, ROGEN K. CHHABRA

Amfil Technologies Inc. (OTC: FUNN) is pleased to announce the following from the new CEO, Rogen Chhabra.

First, I am honored to have this opportunity to work with a dynamic company like Amfil Technologies, Inc.  I have a great passion for the Snakes & Lattes brand, and look forward to seeing it reach its full potential, while also maximizing the capabilities of the other subsidiaries.

A quick note about myself:  A simple internet search will result in comprehensive information about my life’s experiences as an adult.  I’m on social media.  My profiles and information are not hidden.  You can peruse through pictures of my beautiful family of whom I am very proud.  You can explore my professional achievements.  You can even find some of the darkest moments my family has endured.  We are all in great places in our lives now.  My oldest two children are thriving in college, while my youngest is enjoying his middle school years.  My wife is incredibly supportive of our transition as I take on this challenge to be CEO of Amfil.

Taking over a new executive leadership role in a growth company, certainly has its challenges. There are so many positive aspects going for Snakes & Lattes and it's a maturing brand. However, no business is without areas that are in need of attention. While a transition to a new CEO can give pause for thought, I would like to address a few points I see coming into this role. 

TAKING THE REIGNS AS THE NEW CEO:

A lifetime of experience has prepared me for this role. I have worked in restaurants, construction, and civil engineering all before going to law school. While I have worked as a lawyer in each of those areas after law school, the most important attribute developed is the business acumen and problem solving abilities that have made my law firm successful.  I am in a position to lead the entire company while Ben concentrates on day to day operations of Snakes and Lattes and Roger focuses on our hardscaping and cannabis sectors.   

CHALLENGES:

It is no secret that Amfil has encountered its share of challenges.  While revenues have been high compared to where it was before the acquisition of Snakes & Lattes, debt has increased as well.   Some types of debt can be good; it results in a net gain and is part of any company at all phases.   But some of the debt Amfil is dealing with is not facilitating healthy growth, and I will prioritize dealing with it. 

OTC Pink Markets can be a great place for a public company to start, but when a company is generating an 8 figure annual revenue, that is not where it should stay.  Our brand is worthy of attention from institutional investors. In order to garner such attention, we need to move up.  All growth companies have limited resources to make choices on when, where and how to spend those resources. So far, Amfil has done what it takes to keep growing, but the company cannot move forward at full capacity without the attention of major financial partners. That will not happen until audits are done.  This needs to be solved.  I will do that.  

Communication has been inconsistent.  Targets have been set and missed.  The company needs lazer focus on meeting and exceeding goals and communicating regularly with shareholders.  While no company will make its targets 100% of the time, there will be clear communication on status when timelines go beyond the initial target(s) set.  I will do that.

CURRENT TRANSITION PLAN:

First 30 days: First priority is to remove the yield sign and become pink current again. Next, I will assess all aspects of Amfil and its subsidiaries, and organize and compartmentalize the priorities.  Post this assessment, I will report to the public on how we intend to proceed.

Within 3 months: I intend to have made significant progress on solving our challenges by implementing excellent communication, having a plan in place for decreasing debt, architecting a solution to get the audit done, and addressing corporate structure and spin off.  My aim is to provide a comprehensive report of each subsidiary and all initiatives that Amfil has been and/or is currently pursuing.  

Within 6 months: I intend for all the current and past challenges to be solved and have made significant progress on plans implemented and projects initiated.   

SOME SPECIFICS:

Chicago Snakes & Lattes will be ready for a grand opening celebration after Covid stabilizes.  I will announce that as soon as practically possible.  Anyone who wishes to meet with me in person and have a discussion will have an opportunity to do that in Chicago as we celebrate this addition to our growing list of venues.

Tucson Snakes & Lattes is to be opened after the first of the year.  There are still a number of construction and government parts to be dealt with, so I cannot currently give a specific date. We are also working to secure our liquor license for the opening, as alcohol is our highest margin product.  We also want to time the opening based on the best information available regarding the impact of COVID.  I do not want to relay a target for the sake of having one. Rest assured though, it WILL be opened and there will be communication on progress and we will supply target dates as enough information is available to have confidence in making them. Just like Chicago, when it is time for a grand opening, I will be there in person and available for face to face discussion.

I will be accessible to shareholders.  This has been a constant pattern and way of life for me my whole career.  Even as I was trying to help the company expand through Covid, anytime any shareholder or other person reached out to me by email or phone, they heard back from me quickly.  That habit will continue.  

Shareholder conference calls are needed.  After the 30 day assessment is complete, I will begin planning shareholder conference calls.  I will give people the chance to submit questions in advance. They will be answered to the fullest extent I can with the spirit of transparency and accountability.  Given the current climate, there will be continued challenges in the days ahead.  We will get through them and through implementation and execution of strategy, continuous improvement, and valuing feedback input from all stakeholders. 

While Snakes & Lattes is the largest source of revenue for Amfil, I will still be responsible for leading all other subsidiaries.  I will report publicly on my thoughts about moving them forward when I have had a chance to completely assess them.

COVID:

COVID has changed many aspects of life for the time being.  But vaccines are coming.  As much as I believe in the ability for science to solve the Covid issue, I believe in our brands. I am convinced we will thrive in the post COVID world.  The objective evidence for that is what has been seen with Tempe’s resurgence.  Even with pandemic fear and government oversight, Tempe has already returned to more than 50% of pre-covid revenue.  In fact, not too long ago Tempe had a week that saw higher revenue than the same week last year.  That is good news and shows the strength of our brand and the loyalty of our customer base.

As of today, all Canadian locations are temporarily closed, and Chicago was closed by government Order despite being open only a few short weeks.  This means minimal cash flow from take out orders.  Clearly, take out is not our optimal market. Given the current environment, we will employ whatever options we have for the betterment and continuance of the company.  Hopefully the world will return to some semblance of normal in the near future.  Let us hope and pray for the best. In the meantime, I will run the company with all I have to offer.

COMPENSATION:

Here are the material terms of my compensation:

1. Amfil will provide stock but no cash.

2. Former CEO Roger Mortimer, has agreed to pledge additional preferred shares that he already owns.  His deep commitment to shareholders is appreciated.

3. There will also be incentives.  If the market value of the company is not improved and initiatives not achieved the incentives will not be paid.  

4. The new CEO tenure will be through the end of Fiscal 2021.  An extension may be considered at that time based on performance.

5. This position has 100% of my dedication and focus.  I will not be in court practicing as a lawyer during my tenure as CEO.  However, I will certainly bring the skills I have as a lawyer to the table to benefit Amfil.  

CLOSING THOUGHTS:

While I touched on the most significant and critical aspects of the company, I am sure there are many questions on shareholders' minds. I recognize I did not yet touch on every detail concerning all things FUNN.  These questions will be answered in due time, post my initial assessment and as part of the aforementioned shareholder communications. While I certainly have my work cut out for me, I am invigorated by all the potential I see before us.  I strongly believe in the Snakes & Lattes brand and will spend all efforts to get the company to a point where it can attract larger institutional investors, instill confidence in current and future shareholders and greatly improve shareholder value.  

My email is rogen@snakesandlattes.com.  My direct line is 601-326-0805.  I look forward to being accessible to you and serving as your new CEO of Amfil Technologies, Inc.

About Snakes & Lattes

For further updates from the Snakes & Lattes and its parent company, Amfil Technologies Inc please follow us on Twitter @AmfilTech

For more information regarding the company, and its related subsidiaries please visit the following websites:

Amfil Technologies Inc. www.amfiltech.com

Snakes & Lattes Inc. www.snakesandlattes.com

Morning (Snakes & Lattes Publishing SAS) https://www.morning.us

GRO3 Joint Venture http://gro3systems.com

Interloc-Kings Inc. http://www.interloc-kings.com

About Us:

Amfil Technologies Inc. is the parent company to three wholly owned subsidiaries.

1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 3 tabletop gaming bars and cafes located in Toronto, Ontario and 1 in Tempe, Arizona. The company is in the process of expanding throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and has the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 100+ member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world. The company also operates a lucrative fulfillment and distribution division and has recently entered into the board game publishing business through the acquisition of Morning which is expected to add significant revenues to the bottom line. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com

2). The EcoPr03 GRO3 Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. The system is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility's water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today. This environmentally-friendly solution also eliminates odors, while slightly reducing the air temperature, lowering energy consumption by the HEPA filtration and HVAC systems and could potentially allow for a facilities process to be labeled certified organic in the U.S.A. when the crop is no longer considered illegal on the federal level, otherwise "Clean Green" or "Certified Kind" in the meantime. The EcoPr03 GRO3 Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. The subsidiary has developed a strategic partnership with Roto Gro, the creator of proprietary rotary hydroponic technology. More information on this product line can be found at www.gro3systems.com

3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer. Unilock is North America's premier manufacturer of concrete interlocking paving stones and segmental wall products. Interloc-Kings Inc. has an A+ Rating with the Better Business Bureau (BBB) and a 10/10 rating on homestars.com. Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas in the GTA. More information on this subsidiary can be found at the website www.interloc-kings.com

Safe Harbor Statement

This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should,", "will", "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact:

Rogen Chhabra

Amfil Technologies Inc.

Telephone: (601) 326 0805

Email: rogen@snakesandlattes.com

Or

Ben Castanie

Snakes & Lattes Inc.

Telephone: (416) 500 2911

Email: ben@snakesandlattes.com