AMFE **News Alert**
-Dividend update
-Franchise update
-EXCLUSIVE partnership with Lending Loop
-Record breaking Q1 numbers out this Friday.
Snakes & Lattes establishes Exclusive Partnership with Lending Loop
Snakes & Lattes has entered into an EXCLUSIVE partnership with Lending Loop, Canadas first fully regulated peer-to-peer lending platform focused on small businesses. This partnership will fuel and facilitate the mass expansion of the Snakes and Lattes brand across North America, while simultaneously preserving shareholder value. This is the first time in history that Lending Loop has made a direct partnership to finance a growing company, and they will be conducting a mass marketing/advertising campaign to promote both Lending Loop and Snakes & Lattes.
This partnership solidifies management's commitment to maintain and further increase shareholder value by avoiding traditional toxic financing deals that are becoming prevalent within the industry. In contrast, Amfil is collaborating with financial innovator, Lending Loop, to fuel the subsidiarys growth at a fair market rate with flexible cash repayment terms.
Further details relating to this new partnership will be released as it develops.
For more information about Lending Loop please visit www.lendingloop.ca/
Snakes & Lattes awards first right of refusal to franchise the Kitchener/Waterloo region of Ontario
The Kitchener/Waterloo region, and Southern neighbor Cambridge, has a combined 523,894 people, and it is the fourth largest Census Metropolitan Area in Ontario. A large portion of the population consists of students attending the various colleges/universities in the area including the University of Waterloo, Wilfred Laurier University, and Conestoga College. Additionally, Kitchener is home to Googles Canadian headquarters.
This marks the second solidified franchise location to be awarded with the first right of refusal, with many more still in the final stages. Further announcements relating to franchising can be expected shortly as the initiative continues to advance.
The Snakes & Lattes franchise planned for Hamilton Update
Since being awarded the first right of refusal, the prospective franchisee has been incorporated, and it engaged a real estate agent to pinpoint the perfect commercial location. Prime locations have been selected and short-listed, and the franchisee intends to open a pop-up shop Snakes & Lattes location just in time for the Christmas rush. This initiative will spark interest and provide the local community a sneak peek of what is expected when the location officially launches on the intended grand opening in Spring 2018.
Further updates relating to the Hamilton franchise will be released as they develop.
Update on the auditing of the companys financials and subsequent uplisting, spinoff / dividend
RBSM LLP, the auditors engaged to audit the companys financials, are in town this week to review the companys inventory as the final stage before completion. The audit process has been smoother than expected as Amfils accountants have been exceptionally diligent in maintaining thorough and accurate financial records of all transactions. Amfil Technologies Inc. is the first publicly traded company to exclusively use Xero Accounting Software (NZE: XRO, ASX: XRO) for its bookkeeping. Xero Accounting Software has provided a low-cost, high efficiency platform to effectively manage all accounting practices.
Once the audit is completed and the required information submitted to OTC Markets, AMFE will be immediately uplisted from the pink sheets to the OTCQB, and once price allows, to the QX.
Following the audit and uplist, the company will execute a spin-off of the Interloc-Kings Inc. subsidiary into a separate publicly traded entity, which all shareholders at the date of record will receive shares in. The date of record and the share structure/format of the new entity, including share entitlements to shareholders, will be announced shortly. Proceeding the previously mentioned announcement, details related to the business plan of Interloc-Kings Inc, including potential acquisitions, will be released to the investment community.
Further information relating to the above-mentioned initiatives regarding the companys structure will be announced as they develop.
Snakes & Lattes Inc prepares for the Holiday Seasons Corporate Events
Snakes & Lattes has become a well sought-after and desirable venue for corporate events, including Holiday Parties. Demand for the 2017 holiday season has been staggering, rising approximately 100% compared to last year. Management is being selective when agreeing to grant rentals for corporate events, and they are ensuring that repeat clients, some of whom book multiple events throughout the year, obtain their desired booking dates. Management is working diligently to ensure that the Midtown location is available to cater to the increased demand.
Our corporate event clients include; McDonalds Canada, Royal Bank of Canada, Toronto Dominion Bank, Bank of Montreal, Scotiabank, KPMG, Accenture, Rogers, Mozilla, Spinmaster, the Government of Ontario, and many more.
