SNAKES & LATTES INC. REPORTS Q2 FY2025 QUARTERLY RESULTS

SNAKES & LATTES INC. (OTC:FUNN) On February 14th, 2025 published the results for the Quarter ending December 31st, 2024. (Fiscal Year Q2 2025)

The report can be viewed at the link below:

FUNN Q2 FY 2025 Report

The following update provides a brief summary to the shareholders an investment community.

Overview of Report (All numbers in USD):

• Gross Revenue of $1,977,090 USD (+10% increase QOQ FY2025)
• Gross Profit of $1,554,547 USD (+13% increase QOQ FY2025)
• Cumulative Revenue of $3,763,511 USD to date for FY2025
• Common Stock Outstanding of 791,159,680 (unchanged)
• COGS remain on target hitting just below 25%, and even slightly lower YOY.
• Accounts Receivable sitting at $15,258 (B2B activity)
• Company beat Q1 FY25 slightly on Hospitality revenues (existing location growth)
• Cash on hand at the end of the quarter increased to $120,835 with total assets of $3,111,046.
• Tradeable public float remains at 509,072,305. (Cumulative throughout trading history dating back to 1985 with no recapitalizations or reverse splits at any time in the Company's almost 40 year history.) 
• No funding has been raised through convertible-debt instruments in the past 4 years

Company revenues continue to trend up throughout the fiscal year thus far. The short-term objective is to cross back over that 8 figure mark once again. Albeit a stretch target, there are hundreds of great employees doing their best to try to make this happen.

Hospitality revenues continue to be a solid overall positive growth trend for the past 3 years since emerging from the pandemic. 

As previously mentioned that the focus of the company has shifted away from logistics, and focused on locations, the strategy is always in trying to find and create greater financial value for the shareholders.

The Company has better cash flow, less month-to-month variance and has created much more streamlined operations. (i.e. Higher Customer Tickets, and lowered COGS.) The Company will continue to operate in a manner always seeking to maximize value, but the larger operational process goals have been achieved and are believed to be reproducible at scale in the right locations. Further expansion will soon be back on the forefront; finding, negotiating and opening new locations.  

Looking forward: 

The company will announce future updates to the shareholders and investment community at large throughout calendar 2025 as we complete milestones in new projects. Revenues are trending upward, and of course, all the key business indicators are positive growth oriented and hope to capitalize on a number of growth initiatives in 2025 and beyond. There are always new initiatives, locations, partnerships and projects being explored as we strive to grow in strength and brand.

While admittedly, throughout 2024, communication was less than shown historically, there should be some exciting, and perhaps unexpected announcements to come in 2025 that will shed some light on everything that's been going on behind the scenes as these projects and decisions materialize and unfold, and the Company believes some of these moves should ultimately lead to an even greater future! 

As always, a big thanks to all our shareholders, supporters, loyal guests, and staff. Creating memorable, quality human interactive experiences is what keeps the company going, and at all times we keep the mission of Snakes & Lattes locations coast to coast at the forefront of our strategy.

See you at Snakes & Lattes!

About Snakes & Lattes Inc. 

Snakes & Lattes Inc. founded the first and largest board gaming entertainment venues in North America with the largest circulating public library of board games in the world for players to choose. Snakes & Lattes Inc. gaming locations also specialize in full-service bar / restaurant offerings and currently own and operate 7 locations throughout the USA and Canada. Locations include Tempe and Tucson Arizona, Chicago Illinois, Virginia Beach Virginia, as well as 3 locations in Toronto, Ontario, Canada. 

Snakes & Lattes Inc. is continuously in the process of looking for opportunities to expand throughout North America. All inquiries regarding the company, expansions and partnerships please email IR at roger@amfiltech.com

Forward Looking Statements (Safe Harbour)

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as others, and it is intended that all forward-looking statements that are made will be subject to the safe harbor protections created thereby. Forward-looking statements can be identified by forward-looking terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “confident”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “projection”, “seek”, “should,” “will” or “would”, or the negative thereof or other variations thereon or comparable terminology. In particular, statements that address guidance, outlook, targets, market trends or projections about the future, and statements regarding the Company’s expectations, beliefs, plans, strategies, objectives, prospects or assumptions, or future events or performance, contained in this release are forward-looking statements. The actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets, operating companies, etc. 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 has based these forward-looking statements on current expectations, assumptions, estimates and projections. Such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond FUNN’s control. These and other important factors, including those discussed more fully elsewhere in this release and in the Company’s filings may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements, or could affect FUNN’S share price. The forward-looking statements contained in this release are not guarantees of future performance and actual results of operations, financial condition, and liquidity, and the development of the industry in which the Company operates may differ materially from the forward-looking statements contained in this release. Any forward-looking statement made in this release speaks only as of the date of such statement. Except as required by law, FUNN does not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

Contact:

Roger Mortimer

COB & Investor Relations Representative

Snakes & Lattes Inc. / Amfil Technologies Inc. 

Telephone: (647) 880 5887

Email: roger@amfiltech.com