Amfil Technologies Inc. (OTC: FUNN) is pleased to provide shareholders with an update from the Snakes & Lattes USA Expansion Team. On January 21st, 2020, the Expansion Team announced the onboarding of Rogen Chhabra, and released information about the signed contract to expand the franchise with ten additional Snakes & Lattes Inc. locations across the USA. In less than a month, the Expansion Team has been working tirelessly to honor the agreement and has made significant progress.
The Team is pleased to announce that after undergoing an extensive and rigorous location vetting process, the prime entertainment district in Denver, Colorado has been selected for the first new location. Rogen flew to Denver today to finalize the L.O.I., and negotiate the lease, effectively kicking off the first of the ten new locations. Furthermore, a second location is currently under review, and the Expansion Team hopes to finalize terms and agreements in the coming weeks.
Since the last update, we have opened Snakes & Lattes, USA Expansion and Buildout (SLUEB), LLC. The Company has already received commitments for initial funding. In the coming months, SLUEB will continue to bring in strategic partners to support the execution of the new Café openings and ultimately ensure their success.
The expansion team has officially signed tenant agency agreements with brokers in Denver, CO and Nashville, TN. An oral agreement has also been made with a broker in New Orleans and LA. Specific suitable venues have been targeted in Denver and New Orleans, which Amfil Technologies Inc. has given pre-approval for. To capitalize on this exciting momentum, the Team will be travelling to New Orleans the 3rd week of February and are currently in Denver to complete a letter of intent and negotiate a lease contract.
In the first weeks of March, the Team will travel to Los Angeles and to the Silicon Valley to scout locations. We are confident that appropriate venues will be identified and selected in both cities soon. The Team has not excluded any city announced in the first progress report and continues to look at opportunities within additional cities.
Discussions with potential partners in building out local venues and in being part of SLUEB continue with promising prospects. The Team is happy with the progress made since the agreement was finalized with Amfil Technologies Inc. and vice versa.
As previously announced, the Team has identified an internal fulfillment deadline for the first four locations, and ultimately for all ten new locations. Specific information about dates of the deadline have not yet been released publicly, as unforeseeable factors outside of the Company’s control may require revision of these deadlines. The Team is committed to transparency for shareholders, and will provide frequent updates regarding the estimated dates locations will be open and generating revenue. The Team appreciates all the support and out reach from shareholders and other interested parties. Any questions specifically for the buildout team can be sent directly to rogen@snakesandlattes.com and all efforts will be made to promptly respond.
For further updates from 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 on the www.gro3systems.com website or on twitter @GRO3Systems.
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:
Ben Castanie
Snakes & Lattes Inc.
Telephone: (416) 500 2911
Email: ben@snakesandlattes.com
Or
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: rmortimer@amfiltech.com