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This subsidiary has had a tremendous impact on

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Amfil Technologies Inc. Announces 2017 Fiscal Year End Revenues of $6,630,973 USD; Up Almost 2400% Over FYE 2016 "New Media Wire" - 7/31/2017 8:11:42 AM
Amfil Technologies Inc. Announces Purchase Order Commitment for EcoPr03 GRO3 Systems & Roto-Gro Units "New Media Wire" - 7/20/2017 8:26:58 AM
Amfil Technologies Inc. Provides Update on Expanding Snakes & Lattes Inc. Operations and Projected Revenue Increases "New Media Wire" - 7/5/2017 8:19:10 AM
Amfil Technologies Inc. Announces Shareholder Dividend From Subsidiary Spin-Off "InvestorsHub NewsWire" - 6/21/2017 8:08:11 AM
Amfil Technologies Inc. Announces Subsidiary, Snakes & Lattes Inc., Is Expanding Internationally Into Game Publishing "InvestorsHub NewsWire" - 6/13/2017 8:16:01 AM
Amfil Technologies, Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary "InvestorsHub NewsWire" - 6/7/2017 8:09:18 AM
Amfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months "InvestorsHub NewsWire" - 5/30/2017 8:15:03 AM
Amfil Technologies Inc. Announces That Our Snakes & Lattes Inc. Subsidiary Is Finalizing a $1.25 Million CAD Purchase Order "InvestorsHub NewsWire" - 5/24/2017 8:09:08 AM
Amfil Technologies Inc. Announces That Our Subsidiary Will Be Receiving Distribution Rights For Cards Against Humanity "InvestorsHub NewsWire" - 5/11/2017 11:12:59 AM
Amfil Technologies, Inc. Revenues Increased to $1,809,064 for Q3 2017 Posting a 26,600% Growth Rate Over Q3 2016 "InvestorsHub NewsWire" - 5/8/2017 8:08:44 AM
GRCK – 300% Growth To Dominate the Trillion Dollar O2O – Online to Offline Industry "InvestorsHub NewsWire" - 5/2/2017 7:00:00 AM
Amfil Technologies, Inc. Announces Signed Agreement Between GROzone & Rotary Hydroponic Systems Manufacturer "InvestorsHub NewsWire" - 5/1/2017 9:17:09 AM
Revenues In Lucrative Legal Marijuana and CBD-Oil Markets Continue To Climb In Hand With Consumer Demand "InvestorsHub NewsWire" - 4/26/2017 9:30:00 AM
Amfil Technologies, Inc. Provides Update on Snakes & Lagers Inc./Snakes & Lattes Inc. "InvestorsHub NewsWire" - 4/24/2017 8:08:27 AM
Amfil Technologies Inc. Provides Update on GROzone Subsidiary Developments "InvestorsHub NewsWire" - 4/21/2017 8:12:07 AM
Amfil Intends to Regain SEC Fully Reporting Issuer Status & Seek Uplisting to the OTCQB With an Initial Goal for the OTCQX "InvestorsHub NewsWire" - 3/30/2017 8:16:56 AM
Amfil Technologies Inc. Announces That Our GROzone Product Line Passed Product Review by Accredited USDA Certifying Agent "InvestorsHub NewsWire" - 3/14/2017 9:40:43 AM
Amfil Tech Inc. Provides Update on Recently Announced 47% Reduction in Outstanding Share Count and Snakes & Lagers Inc. Sub "InvestorsHub NewsWire" - 3/8/2017 8:13:19 AM
Amfil Technologies Inc. Provides Update on Snakes & Lagers Inc. Subsidiary, New Storefront Location, Exclusive Distributorships "InvestorsHub NewsWire" - 2/27/2017 8:18:06 AM
Amfil Technologies Inc. Expands on its GROzone Product Line, Designed to Eliminate Pesticide Use in Medical Marijuana "InvestorsHub NewsWire" - 2/16/2017 8:49:09 AM
Amfil Technologies Inc. Reduces the Issued & Outstanding Share Count by Nearly 50% "InvestorsHub NewsWire" - 2/7/2017 8:25:29 AM
Amfil Technologies Inc. Revenues Increased to $1,542,389 for Q2 2017 Posting a 4500% Growth Rate Over Q2 2016 "InvestorsHub NewsWire" - 1/25/2017 9:03:22 AM
Amfil Technologies Inc. Provides Update on Recent Snakes & Lagers Inc. Acquisition "InvestorsHub NewsWire" - 1/5/2017 8:16:06 AM
Amfil Technologies Inc. Green Lights the Reduction of the Company's Outstanding Share Count By a Minimum of 40% "Access Wire" - 12/8/2016 8:45:00 AM
Amfil Technologies Inc. Files Q1 2016 and Provides Shareholder Update "Access Wire" - 11/16/2016 9:00:00 AM
Rocketstocks Member Level  Saturday, 08/12/17 11:16:39 PM
Re: Rocketstocks post# 47217
Post # of 49315 
This subsidiary has had a tremendous impact on the financial statements since Fiscal Q2 2017. While the net income of $248,679 may not appear significant, the sales of $6,630,973 allowed the company to execute its expansion plan for each subsidiary and continue to run at a profit. Snakes & Lattes Inc. has been operating with an increased staffing cost since Q4 due to the training of staff members for the new location. All of the new managers and some new staff members have been hired and have been training in the existing locations for the past few weeks, working towards the approximately 70 additional employees which will be required to staff the 3rd and largest location opening first week of September, dubbed 'Midtown'. Staff totals for the Snakes & Lagers Inc. / Snakes & Lattes Inc. subsidiary are now at 126 members. These costs, as well as costs for professional fees and construction, have been injected into the location to ensure that the opening of 'Midtown' proceeds as planned and immediately begins generating revenue. In addition, the subsidiary has been adding strength to the distribution and fulfillment division in preparation for further expansion into Fiscal 2018, with large revenue increases projected as a result.

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

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