Distribution Arm, Fulfillment and Online Sales (Q1 to Date & Guidance)
In Fiscal 2017, the Distribution Sales Team identified a starting 2000 potential accounts as new immediate targets for distribution sales. The sales team has now reached a total of 500 accounts of the targeted 2000 with multiple new orders to be shipped in August and most of these new accounts being opened in the month of July being fiscal Q1 2018.
The Sales Team has accelerated their efforts to close the remaining 1500 of these initially targeted accounts, which has become a smoother process as the brand increases in visibility and more exclusive distributorships are obtained. Exclusive distributorships are expected to substantially increase the fulfilment business even further into Fiscal 2018.
Management is currently working through the required logistics and planning to expand distribution further internationally. We have received orders of approx. $1,500,000 in distribution and fulfillment sales in July already, being our fiscal Q1. Given the increase in the distribution and fulfillment division in the first weeks of Q1, management expects an extremely high growth revenue based Q1 financial statement with exponential year over year growth, delivering exceptional value to our shareholders
. This division just received an order for two shipping containers of product, approx. 32,000 units of games the company holds the exclusive distribution rights to in Canada. This single order was received from Amazon and is valued at over $650,000 CAD. This order is over and above recently announced orders. This shipment will be fulfilled in August to both their Ontario and B.C. warehouses. This division will play a large part in our efforts and expectations of the company at least doubling revenues over the next twelve months. http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-2017-Fiscal-Year-End-Revenues-of--6-630-973-USD--Up-Almost-2400--Over-FYE-2016?id=165817&b=y