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I don’t think people are happy with the .08s. It’s just that the stock seems to be getting out of the funk and finally getting some momentum. People are happy because it looks like change is finally coming.
I thought that the stated goal by the company was to get S&L to the double digits. That would mean they are targeting 6 new locations this year
The Morning acquisition was a beautiful thing.
There are SO many ways that this can become profitable and so many ways that it can grow...
These 3 games are NOT what make this acquisition so important, they are but a cherry of what this company can be!
Sure, it would be amazing if one (or all) of the games become a hit, but the real test comes afterwards, once they can make use of al the tools that S&L has to offer: (Designer Nights, exposition etc).
In fact, we already saw how Snakes&Lattes makes Morning even better! They recently booked a space in the BIGGEST board game conference in the WORLD. They got to expose, not only their games, but also the S&L experience to the world! I would not be surprised if we saw an announcement for the first S&L location in England...or Germany!
And what if the team at S&L tries to reclute a game designer? Something like: “Hey, how about you come aboard with us and bounce some ideas around with our guys at Morning?”
Morning could become a HUGE player in the publishing business. The support that they receive from S&L makes it possible for them to grow to an unprecedented degree.
Not only that, but board games are being ported to game consoles, namely the Nintendo Switch. What happens when someone wants to port a game to which we have exclusive distribution rights to?
I see green.
Snakes&Lattes is a home run. Investors need to realize how EARLY we are in the process, and yet:
“Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.”
Again, this incredible INCREASE was NOT “luck”. These are the fruits of a SUCCESSFUL business plan which is about to be introduced to the BIGGEST market in the WORLD.
Also:
“Commitments received for Snakes & Lattes locations for Charlotte, Fort Collins, Houston, Denver, and two others yet to be announced which are expected to progress in 2019.
Interested parties have led to an additional 23 locations throughout the United States at various stages of discussion.”
When you invest in AMFE you do not invest in a “pipe dream”. You invest in a REAL business, that moves (and makes) REAL money.
It’s amazing that even at this point, where we are relatively unknown, we still have so many parties interested in investing in a location. What do you think will happen when people SEE how much money this BUSINESS makes?
Not only that, but the BRAND continues to grow! This is the ONLY board game café you can buy shares of, and this is the ONLY board game cafe which has its hands in the ENTIRE process ranging from retail, to distribution, and to publishing.
Snakes&Lattes is a CASH COW, and it is only the BEGINNING!!!
“Stay tuned, as 2019 is expected to be the biggest year on record!”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Overview-of-2018-Accomplishments-Milestones-and-Achievements?id=214318
“A number of new and exciting developments will be released in the coming weeks as we enter into calendar 2019 which is expected to be the largest year in company history. With each of the past two years setting new company records in terms of year over year growth and revenues and the expectation of 2019 yet again setting a new record, the company is currently on a path to success.”
“The GRO3 Team successfully secured an exclusive agreement with Cannabis-Infused beverage maker, Kalvara, for an estimated 8 EcoPrO3 Antimicrobial Systems.”
GRO3 has NOT been dormant, as many of us feared. This team has and is making important strides in their own business as well. We will soon see numbers to confirm this.
“Interested parties have led to an additional 23 locations throughout the United States at various stages of discussion.”
Let that sink in for a minute. Snakes&Lattes is pretty much unknown in the US, except for the people who are avid board gamers.
This is going to change pretty soon, because people will see that this is a business that moves and, more importantly makes, a whole lot of money.
And yet, there are ALREADY 23 interested parties in various stages of discussion....
Guys.... Snakes is going to take over the world...
Soon to sell products in WALMART:
Prototypes of self-published titles through Morning; Kill the Unicorns, Red Panda, and Ikan were created, entered manufacturing stage, and orders received for big box retailers such as Wal-Mart with expected delivery date early 2019.
“Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.”
An increase in SKUs from 5 to 580 does not happen by chance. This is not “luck”. This is a business plan and strategy that works. And that same strategy is about to be implemented in the biggest market in the world.
Do you imagine if Snakes&Lattes were to acquire Starlight Citadel?
Achievements
Press Release | 12/31/2018
TORONTO, Dec. 31, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE
– Amfil Technologies Inc. (OTC: AMFE) is pleased to provide shareholders with an overview of the many accomplishments as well as a summary of growth initiatives executed throughout 2018. These initiatives further bolstered the Company’s foundation in preparation for continued full scale growth and expansion throughout 2019 and beyond.
The Company continues to successfully execute on its expansion strategy. The company has recorded exceptional growth through its primary subsidiary, Snakes & Lattes Inc. This subsidiary experienced rapid expansion through its distribution & fulfillment, game publishing, and retail divisions. In addition, during 2018 the Snakes & Lattes subsidiary successfully launched its first US-based board game bar/café location in Tempe, Arizona. This marked the official penetration into the largest market in the world and was the first of many planned locations to come.
Additionally, in 2018 the newly formed Snakes & Lattes US Expansion Team explored numerous additional locations, across multiple cities and states. The company solidified commitments for 6 additional new locations. Furthermore, there are a total of 23 additional potential locations in various stages of the overall opening process. The Company is pleased to report that the Snakes & Lattes Inc. subsidiary has effectively doubled its market share and physical brick and mortar locations throughout 2018. This has laid the ground work to exponentially increase its footprint into 2019 and beyond.
Further, the Company completed an all cash acquisition of the France-based publishing company, Morning Games, as well as the rights to highly anticipated game titles such as Kill the Unicorns, BUURN, Red Panda, and IKAN. All of these titles were debuted over the summer at the largest board game convention in the world, Essen Spiel, and are expected to hit store shelves throughout 2019. The company anticipates the first print-runs to be shipped in calendar Q1 2019.
2018 Snakes & Lattes Achievements:
Snakes & Lattes ‘Midtown’ location goes fully operational, including liquor license (March).
Snakes & Lattes Tempe, Arizona location goes fully operational (September).
Commitments received for Snakes & Lattes locations for Charlotte, Fort Collins, Houston, Denver, and two others yet to be announced which are expected to progress in 2019.
Interested parties have led to an additional 23 locations throughout the United States at various stages of discussion.
All-Cash acquisition of Morning Games.
Enhanced working relationship with board game manufacturer Panda Games in Shenzhen, China.
Prototypes of self-published titles through Morning; Kill the Unicorns, Red Panda, and Ikan were created, entered manufacturing stage, and orders received for big box retailers such as Wal-Mart with expected delivery date early 2019.
Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.
Completed over 40 fulfillment campaigns for Kickstarter.
Expanded warehouse space to cater to rapidly expanding distribution business.
Awarded exclusive distribution rights in Canada for Hub Games, the makers of: ‘Rory’s Story Cubes’, ‘Untold’, and ‘Blank’. Also awarded all future developed game titles.
Acquired exclusive Canadian Distribution rights to the game ‘Build Up’.
Awarded exclusive distribution rights to The Awkward Yeti's game ‘OrganATTACK!’ in Canada.
Awarded Galactic Sneeze's lineup of ‘Spank The Yeti’ and ‘Schmovie’, including the “Not Parent Approved” version.
Awarded distribution rights in Canada to ‘Bananagrams’, ‘Fluff’, and ‘Skrawl’ focusing on the hobby market and to help the brand grow amongst retailers and toy stores.
GRO3
Throughout 2018, the GRO3 Team has made significant strides toward penetrating the Cannabis Industry with their EcoPr03 Antimicrobial Technology, and its efforts have begun to bear fruit. The GRO3 Team successfully secured an exclusive agreement with Cannabis-Infused beverage maker, Kalvara, for an estimated 8 EcoPrO3 Antimicrobial Systems.
Additionally, GRO3 has 8 additional deals/contracts progressing behind the scenes across multiple sectors of the cannabis market including cultivation, extraction, and infusion. Further details about these upcoming deals can be expected as we move into 2019, and we continue to receive inquiries from the industry.
GRO3 continues to work with an Ontario cultivation facility on the build out of their operation and will be outfitting the facility with GRO3 EcoPrO3 units which will provide an organic, environmentally friendly alternative to harsh pesticides and chemicals. This project has taken longer than expected due to unforeseeable personal circumstances with the facility’s management but is expected to continue throughout 2019 while the company awaits the greenlight to outfit the facility.
Corporate Initiatives and Accomplishments
As the Company’s shareholders are undoubtedly aware, the company undertook the process of auditing the most recent three years of financial statements and submitted for up-listing to the OTCQB in 2017. The process has taken longer than expected, but the Company’s auditors successfully completed and signed off on the 2016-2017 audit of the company’s financial statements which were submitted in September 2018. The Fiscal 2018 audit is expected to be completed in early calendar 2019, bringing the company up do date with audited reporting obligations and will allow the company to complete the up-list to the OTCQB Venture exchange.
A Final Word From Management
The company remains on an upward trajectory in terms of revenues, growth, and expansion which management expects to continue into the foreseeable future. The company continues its aggressive approach to the mass expansion of all related subsidiaries and business divisions, and total commitment to increasing shareholder value with year over year growth. A number of new and exciting developments will be released in the coming weeks as we enter into calendar 2019 which is expected to be the largest year in company history. With each of the past two years setting new company records in terms of year over year growth and revenues and the expectation of 2019 yet again setting a new record, the company is currently on a path to success.
The company remains steadfast in its commitment to deliver the maximum value back to our shareholders as we continue to accelerate into the new year. Significant increases in revenue contributions from all subsidiaries are expected throughout 2019, as the company continues to expand its operational focus and extend its reach into new industry sectors and geographical markets. While the market itself did not provide or reflect the same growth as the underlying business achieved in 2018 in a similar way to 2017, it is felt that the longer than originally anticipated timeline for audit completion and up-list was a large factor in that outcome. Once the company gets past this final step in the up-list process, being the 2018 audit which is expected very early 2019, the company feels the markets reflection of the company should also change.
The company continues to rapidly expand on multiple fronts with key growth-related accomplishments being achieved on a regular basis. This time just a short year ago the Snakes & Lattes Inc. operations consisted of just the Annex and College locations in Toronto, ON.
Over the course of the past year, the company has essentially doubled in size with ‘Midtown’ now fully online since March and the first location in the USA, ‘Tempe’ also opening its doors in October. It has also been mentioned that the company expects two additional locations to begin construction in early 2019.
This coupled with the recently announced acquisition of Morning and the expanding exclusivity of game titles has continued the aggressive expansion of the Snakes & Lattes Inc. subsidiary. In-house published game titles are expected to begin hitting shelves in 2019 and so as a direct result of this, the company is believed to be in the strongest position in its history and is firmly positioned to continue its growth into the foreseeable future.
"We are very excited to continue the USA expansion of the Snakes and Lattes brand," said Ben Castanie, founder and CEO of Snakes and Lattes. "We will have a large focus throughout 2019 on adding additional brick and mortar locations throughout the USA as well as beginning to implement a fulfillment/distribution arm state side similar to the one we have successfully developed in Canada."
“The Company continues to fire on all cylinders,” states Amfil’s CEO, Roger Mortimer. “The audit process has unfortunately overshadowed the monumental successes of Snakes & Lattes, and the recent breakthroughs and potential of the GRO3 joint venture. Soon enough, the growing pains which were necessary for the long-term success of the organization will be completed, and we can shift the focus back to the massive achievements made on an ongoing basis. We accomplished a great deal throughout 2018 and the audit/uplist process will strengthen the company on a corporate level and provide opportunities which would have been otherwise impossible. We would like to thank our shareholders for supporting us throughout this process and will continue to execute our business objectives to ensure their patience be rewarded. We are very excited for the new year and intend to continue to capitalize on opportunities and execute on our business plan to significantly increase revenues, expand operations, and deliver maximum value back to our loyal shareholders.”
Stay tuned, as 2019 is expected to be the biggest year on record!
What is the relationship between the line and the price?
The line looks like it is very close to .15, does that mean that it will be very easy to hit that price once people start buying?
WOW AMAZING NEWS!
Amfil Technologies Inc. Provides Overview of 2018 Accomplishments, Milestones, and Achievements
Press Release | 12/31/2018
TORONTO, Dec. 31, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Amfil Technologies Inc. (OTC: AMFE) is pleased to provide shareholders with an overview of the many accomplishments as well as a summary of growth initiatives executed throughout 2018. These initiatives further bolstered the Company’s foundation in preparation for continued full scale growth and expansion throughout 2019 and beyond.
The Company continues to successfully execute on its expansion strategy. The company has recorded exceptional growth through its primary subsidiary, Snakes & Lattes Inc. This subsidiary experienced rapid expansion through its distribution & fulfillment, game publishing, and retail divisions. In addition, during 2018 the Snakes & Lattes subsidiary successfully launched its first US-based board game bar/café location in Tempe, Arizona. This marked the official penetration into the largest market in the world and was the first of many planned locations to come.
Additionally, in 2018 the newly formed Snakes & Lattes US Expansion Team explored numerous additional locations, across multiple cities and states. The company solidified commitments for 6 additional new locations. Furthermore, there are a total of 23 additional potential locations in various stages of the overall opening process. The Company is pleased to report that the Snakes & Lattes Inc. subsidiary has effectively doubled its market share and physical brick and mortar locations throughout 2018. This has laid the ground work to exponentially increase its footprint into 2019 and beyond.
Further, the Company completed an all cash acquisition of the France-based publishing company, Morning Games, as well as the rights to highly anticipated game titles such as Kill the Unicorns, BUURN, Red Panda, and IKAN. All of these titles were debuted over the summer at the largest board game convention in the world, Essen Spiel, and are expected to hit store shelves throughout 2019. The company anticipates the first print-runs to be shipped in calendar Q1 2019.
2018 Snakes & Lattes Achievements:
Snakes & Lattes ‘Midtown’ location goes fully operational, including liquor license (March).
Snakes & Lattes Tempe, Arizona location goes fully operational (September).
Commitments received for Snakes & Lattes locations for Charlotte, Fort Collins, Houston, Denver, and two others yet to be announced which are expected to progress in 2019.
Interested parties have led to an additional 23 locations throughout the United States at various stages of discussion.
All-Cash acquisition of Morning Games.
Enhanced working relationship with board game manufacturer Panda Games in Shenzhen, China.
Prototypes of self-published titles through Morning; Kill the Unicorns, Red Panda, and Ikan were created, entered manufacturing stage, and orders received for big box retailers such as Wal-Mart with expected delivery date early 2019.
Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.
Completed over 40 fulfillment campaigns for Kickstarter.
Expanded warehouse space to cater to rapidly expanding distribution business.
Awarded exclusive distribution rights in Canada for Hub Games, the makers of: ‘Rory’s Story Cubes’, ‘Untold’, and ‘Blank’. Also awarded all future developed game titles.
Acquired exclusive Canadian Distribution rights to the game ‘Build Up’.
Awarded exclusive distribution rights to The Awkward Yeti's game ‘OrganATTACK!’ in Canada.
Awarded Galactic Sneeze's lineup of ‘Spank The Yeti’ and ‘Schmovie’, including the “Not Parent Approved” version.
Awarded distribution rights in Canada to ‘Bananagrams’, ‘Fluff’, and ‘Skrawl’ focusing on the hobby market and to help the brand grow amongst retailers and toy stores.
GRO3
Throughout 2018, the GRO3 Team has made significant strides toward penetrating the Cannabis Industry with their EcoPr03 Antimicrobial Technology, and its efforts have begun to bear fruit. The GRO3 Team successfully secured an exclusive agreement with Cannabis-Infused beverage maker, Kalvara, for an estimated 8 EcoPrO3 Antimicrobial Systems.
Additionally, GRO3 has 8 additional deals/contracts progressing behind the scenes across multiple sectors of the cannabis market including cultivation, extraction, and infusion. Further details about these upcoming deals can be expected as we move into 2019, and we continue to receive inquiries from the industry.
GRO3 continues to work with an Ontario cultivation facility on the build out of their operation and will be outfitting the facility with GRO3 EcoPrO3 units which will provide an organic, environmentally friendly alternative to harsh pesticides and chemicals. This project has taken longer than expected due to unforeseeable personal circumstances with the facility’s management but is expected to continue throughout 2019 while the company awaits the greenlight to outfit the facility.
Corporate Initiatives and Accomplishments
As the Company’s shareholders are undoubtedly aware, the company undertook the process of auditing the most recent three years of financial statements and submitted for up-listing to the OTCQB in 2017. The process has taken longer than expected, but the Company’s auditors successfully completed and signed off on the 2016-2017 audit of the company’s financial statements which were submitted in September 2018. The Fiscal 2018 audit is expected to be completed in early calendar 2019, bringing the company up do date with audited reporting obligations and will allow the company to complete the up-list to the OTCQB Venture exchange.
A Final Word From Management
The company remains on an upward trajectory in terms of revenues, growth, and expansion which management expects to continue into the foreseeable future. The company continues its aggressive approach to the mass expansion of all related subsidiaries and business divisions, and total commitment to increasing shareholder value with year over year growth. A number of new and exciting developments will be released in the coming weeks as we enter into calendar 2019 which is expected to be the largest year in company history. With each of the past two years setting new company records in terms of year over year growth and revenues and the expectation of 2019 yet again setting a new record, the company is currently on a path to success.
The company remains steadfast in its commitment to deliver the maximum value back to our shareholders as we continue to accelerate into the new year. Significant increases in revenue contributions from all subsidiaries are expected throughout 2019, as the company continues to expand its operational focus and extend its reach into new industry sectors and geographical markets. While the market itself did not provide or reflect the same growth as the underlying business achieved in 2018 in a similar way to 2017, it is felt that the longer than originally anticipated timeline for audit completion and up-list was a large factor in that outcome. Once the company gets past this final step in the up-list process, being the 2018 audit which is expected very early 2019, the company feels the markets reflection of the company should also change.
The company continues to rapidly expand on multiple fronts with key growth-related accomplishments being achieved on a regular basis. This time just a short year ago the Snakes & Lattes Inc. operations consisted of just the Annex and College locations in Toronto, ON.
Over the course of the past year, the company has essentially doubled in size with ‘Midtown’ now fully online since March and the first location in the USA, ‘Tempe’ also opening its doors in October. It has also been mentioned that the company expects two additional locations to begin construction in early 2019.
This coupled with the recently announced acquisition of Morning and the expanding exclusivity of game titles has continued the aggressive expansion of the Snakes & Lattes Inc. subsidiary. In-house published game titles are expected to begin hitting shelves in 2019 and so as a direct result of this, the company is believed to be in the strongest position in its history and is firmly positioned to continue its growth into the foreseeable future.
"We are very excited to continue the USA expansion of the Snakes and Lattes brand," said Ben Castanie, founder and CEO of Snakes and Lattes. "We will have a large focus throughout 2019 on adding additional brick and mortar locations throughout the USA as well as beginning to implement a fulfillment/distribution arm state side similar to the one we have successfully developed in Canada."
“The Company continues to fire on all cylinders,” states Amfil’s CEO, Roger Mortimer. “The audit process has unfortunately overshadowed the monumental successes of Snakes & Lattes, and the recent breakthroughs and potential of the GRO3 joint venture. Soon enough, the growing pains which were necessary for the long-term success of the organization will be completed, and we can shift the focus back to the massive achievements made on an ongoing basis. We accomplished a great deal throughout 2018 and the audit/uplist process will strengthen the company on a corporate level and provide opportunities which would have been otherwise impossible. We would like to thank our shareholders for supporting us throughout this process and will continue to execute our business objectives to ensure their patience be rewarded. We are very excited for the new year and intend to continue to capitalize on opportunities and execute on our business plan to significantly increase revenues, expand operations, and deliver maximum value back to our loyal shareholders.”
Stay tuned, as 2019 is expected to be the biggest year on record!
Amfil Technologies Inc. Provides Overview of 2018 Accomplishments, Milestones, and Achievements
Press Release | 12/31/2018
TORONTO, Dec. 31, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Amfil Technologies Inc. (OTC: AMFE) is pleased to provide shareholders with an overview of the many accomplishments as well as a summary of growth initiatives executed throughout 2018. These initiatives further bolstered the Company’s foundation in preparation for continued full scale growth and expansion throughout 2019 and beyond.
The Company continues to successfully execute on its expansion strategy. The company has recorded exceptional growth through its primary subsidiary, Snakes & Lattes Inc. This subsidiary experienced rapid expansion through its distribution & fulfillment, game publishing, and retail divisions. In addition, during 2018 the Snakes & Lattes subsidiary successfully launched its first US-based board game bar/café location in Tempe, Arizona. This marked the official penetration into the largest market in the world and was the first of many planned locations to come.
Additionally, in 2018 the newly formed Snakes & Lattes US Expansion Team explored numerous additional locations, across multiple cities and states. The company solidified commitments for 6 additional new locations. Furthermore, there are a total of 23 additional potential locations in various stages of the overall opening process. The Company is pleased to report that the Snakes & Lattes Inc. subsidiary has effectively doubled its market share and physical brick and mortar locations throughout 2018. This has laid the ground work to exponentially increase its footprint into 2019 and beyond.
Further, the Company completed an all cash acquisition of the France-based publishing company, Morning Games, as well as the rights to highly anticipated game titles such as Kill the Unicorns, BUURN, Red Panda, and IKAN. All of these titles were debuted over the summer at the largest board game convention in the world, Essen Spiel, and are expected to hit store shelves throughout 2019. The company anticipates the first print-runs to be shipped in calendar Q1 2019.
2018 Snakes & Lattes Achievements:
Snakes & Lattes ‘Midtown’ location goes fully operational, including liquor license (March).
Snakes & Lattes Tempe, Arizona location goes fully operational (September).
Commitments received for Snakes & Lattes locations for Charlotte, Fort Collins, Houston, Denver, and two others yet to be announced which are expected to progress in 2019.
Interested parties have led to an additional 23 locations throughout the United States at various stages of discussion.
All-Cash acquisition of Morning Games.
Enhanced working relationship with board game manufacturer Panda Games in Shenzhen, China.
Prototypes of self-published titles through Morning; Kill the Unicorns, Red Panda, and Ikan were created, entered manufacturing stage, and orders received for big box retailers such as Wal-Mart with expected delivery date early 2019.
Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.
Completed over 40 fulfillment campaigns for Kickstarter.
Expanded warehouse space to cater to rapidly expanding distribution business.
Awarded exclusive distribution rights in Canada for Hub Games, the makers of: ‘Rory’s Story Cubes’, ‘Untold’, and ‘Blank’. Also awarded all future developed game titles.
Acquired exclusive Canadian Distribution rights to the game ‘Build Up’.
Awarded exclusive distribution rights to The Awkward Yeti's game ‘OrganATTACK!’ in Canada.
Awarded Galactic Sneeze's lineup of ‘Spank The Yeti’ and ‘Schmovie’, including the “Not Parent Approved” version.
Awarded distribution rights in Canada to ‘Bananagrams’, ‘Fluff’, and ‘Skrawl’ focusing on the hobby market and to help the brand grow amongst retailers and toy stores.
GRO3
Throughout 2018, the GRO3 Team has made significant strides toward penetrating the Cannabis Industry with their EcoPr03 Antimicrobial Technology, and its efforts have begun to bear fruit. The GRO3 Team successfully secured an exclusive agreement with Cannabis-Infused beverage maker, Kalvara, for an estimated 8 EcoPrO3 Antimicrobial Systems.
Additionally, GRO3 has 8 additional deals/contracts progressing behind the scenes across multiple sectors of the cannabis market including cultivation, extraction, and infusion. Further details about these upcoming deals can be expected as we move into 2019, and we continue to receive inquiries from the industry.
GRO3 continues to work with an Ontario cultivation facility on the build out of their operation and will be outfitting the facility with GRO3 EcoPrO3 units which will provide an organic, environmentally friendly alternative to harsh pesticides and chemicals. This project has taken longer than expected due to unforeseeable personal circumstances with the facility’s management but is expected to continue throughout 2019 while the company awaits the greenlight to outfit the facility.
Corporate Initiatives and Accomplishments
As the Company’s shareholders are undoubtedly aware, the company undertook the process of auditing the most recent three years of financial statements and submitted for up-listing to the OTCQB in 2017. The process has taken longer than expected, but the Company’s auditors successfully completed and signed off on the 2016-2017 audit of the company’s financial statements which were submitted in September 2018. The Fiscal 2018 audit is expected to be completed in early calendar 2019, bringing the company up do date with audited reporting obligations and will allow the company to complete the up-list to the OTCQB Venture exchange.
A Final Word From Management
The company remains on an upward trajectory in terms of revenues, growth, and expansion which management expects to continue into the foreseeable future. The company continues its aggressive approach to the mass expansion of all related subsidiaries and business divisions, and total commitment to increasing shareholder value with year over year growth. A number of new and exciting developments will be released in the coming weeks as we enter into calendar 2019 which is expected to be the largest year in company history. With each of the past two years setting new company records in terms of year over year growth and revenues and the expectation of 2019 yet again setting a new record, the company is currently on a path to success.
The company remains steadfast in its commitment to deliver the maximum value back to our shareholders as we continue to accelerate into the new year. Significant increases in revenue contributions from all subsidiaries are expected throughout 2019, as the company continues to expand its operational focus and extend its reach into new industry sectors and geographical markets. While the market itself did not provide or reflect the same growth as the underlying business achieved in 2018 in a similar way to 2017, it is felt that the longer than originally anticipated timeline for audit completion and up-list was a large factor in that outcome. Once the company gets past this final step in the up-list process, being the 2018 audit which is expected very early 2019, the company feels the markets reflection of the company should also change.
The company continues to rapidly expand on multiple fronts with key growth-related accomplishments being achieved on a regular basis. This time just a short year ago the Snakes & Lattes Inc. operations consisted of just the Annex and College locations in Toronto, ON.
Over the course of the past year, the company has essentially doubled in size with ‘Midtown’ now fully online since March and the first location in the USA, ‘Tempe’ also opening its doors in October. It has also been mentioned that the company expects two additional locations to begin construction in early 2019.
This coupled with the recently announced acquisition of Morning and the expanding exclusivity of game titles has continued the aggressive expansion of the Snakes & Lattes Inc. subsidiary. In-house published game titles are expected to begin hitting shelves in 2019 and so as a direct result of this, the company is believed to be in the strongest position in its history and is firmly positioned to continue its growth into the foreseeable future.
"We are very excited to continue the USA expansion of the Snakes and Lattes brand," said Ben Castanie, founder and CEO of Snakes and Lattes. "We will have a large focus throughout 2019 on adding additional brick and mortar locations throughout the USA as well as beginning to implement a fulfillment/distribution arm state side similar to the one we have successfully developed in Canada."
“The Company continues to fire on all cylinders,” states Amfil’s CEO, Roger Mortimer. “The audit process has unfortunately overshadowed the monumental successes of Snakes & Lattes, and the recent breakthroughs and potential of the GRO3 joint venture. Soon enough, the growing pains which were necessary for the long-term success of the organization will be completed, and we can shift the focus back to the massive achievements made on an ongoing basis. We accomplished a great deal throughout 2018 and the audit/uplist process will strengthen the company on a corporate level and provide opportunities which would have been otherwise impossible. We would like to thank our shareholders for supporting us throughout this process and will continue to execute our business objectives to ensure their patience be rewarded. We are very excited for the new year and intend to continue to capitalize on opportunities and execute on our business plan to significantly increase revenues, expand operations, and deliver maximum value back to our loyal shareholders.”
Stay tuned, as 2019 is expected to be the biggest year on record!
I think there is a lot of material for a few PRs soon.
In Snakes&Lattes we have 6 new locations that are set to open in 2019; two of them will start the process “early 2019”, and two of them are “unannounced locations”:
“Commitments received for Snakes & Lattes locations for Charlotte, Fort Collins, Houston, Denver, and two others yet to be announced which are expected to progress in 2019.”
“It has also been mentioned that the company expects two additional locations to begin construction in early 2019.”
Also, there are 3 self published games in the works which will be released throughout 2019, with the first print runs expected to be released in Q1. 2019:
“Further, the Company completed an all cash acquisition of the France-based publishing company, Morning Games, as well as the rights to highly anticipated game titles such as Kill the Unicorns, BUURN, Red Panda, and IKAN. All of these titles were debuted over the summer at the largest board game convention in the world, Essen Spiel, and are expected to hit store shelves throughout 2019. The company anticipates the first print-runs to be shipped in calendar Q1 2019.”
We can also expect to see more EcoGro3 news this year, as it has already been announced that we have secured an exclusivity deal with one company and that they are planning to buy 8 systems from us, with more projects on the works:
“The GRO3 Team successfully secured an exclusive agreement with Cannabis-Infused beverage maker, Kalvara, for an estimated 8 EcoPrO3 Antimicrobial Systems.
Additionally, GRO3 has 8 additional deals/contracts progressing behind the scenes across multiple sectors of the cannabis market including cultivation, extraction, and infusion.
Further details about these upcoming deals can be expected as we move into 2019, and we continue to receive inquiries from the industry.”
Hopefully we will see some numbers soon.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Overview-of-2018-Accomplishments-Milestones-and-Achievements?id=214318
Yes, completely agree. Having the distribution arm in the US changes the game. Imagine securing an EXCLUSIVE distribution deal in the BIGGEST market in the world??
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Overview-of-2018-Accomplishments-Milestones-and-Achievements?id=214318
#Boom
Key takeaways:
“The company solidified commitments for 6 additional new locations. Furthermore, there are a total of 23 additional potential locations in various stages of the overall opening process. The Company is pleased to report that the Snakes & Lattes Inc. subsidiary has effectively doubled its market share and physical brick and mortar locations throughout 2018. This has laid the ground work to exponentially increase its footprint into 2019 and beyond.”
“Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.”
"We will have a large focus throughout 2019 on adding additional brick and mortar locations throughout the USA as well as beginning to implement a fulfillment/distribution arm state side similar to the one we have successfully developed in Canada."
(This one right here is the creme of the crop. The top enchilada. Distribution in the USA. Dudes, this is incredible! One of the most important parts of the business is the distribution side, and up until now, there has been no distribution in the US!)
This doesn’t make any sense, sorry:
I think distribution will be down significantly in 2018 because of all of the delays.
Um what delays? Financials? What do those have to do with distribution? The people who are most interested in the Financials are the investors. That’s the top tool we use to determine the strength of our investment. But if I want to sell something to someone, the relationship is between customer and seller. The customer does not give a damn about the strength of the company. The customer cares about the product, the service, and the price. What do delays have to do with distribution? Nothing at all.
Snakes revenue will be up, but everything else will be down. I predict 30% revenue contraction.
.....um....say what? For this to hold true, the other areas of the AMFE business must be stronger than S&L, and as far as we know, S&L makes up the bulk (by an extremely large margin) of the money made by AMFE.
If that is so, your statement does not make any sense whatsoever. Let’s assume that S&L makes 90% of the revenue, and that NS, IK, and ECOGRO3 make up 10%. If 90% is positive and 10% is negative, the simple math tells you that the company would still be profitable...by a large margin.
Where does the 30% revenue contraction come from? The biggest problem we, as investors, currently have is the lack of financials which impede us from making any forecasts, either good or bad
You are right, it can’t be any worse. The one thing that put a damp on 2018 was the lack of financials, and even then we got the audited fins for 2016-17.
2019 will see the opening of ~6 locations, the release of 3 games self published by S&L, the fulfillment of 8 systems of EcoGro3, and the release of the audited 10k + the Quarterly numbers that we are missing.
Not only that, once the 10k is filed, the up listing to the OTCQB can finally begin and with it the entire slew of catalysts that have been announced: including the dividend (AKA FREE MONEY)
To any new investors:
AMFE is a holding company that owns:
1) Snakes&Lattes; a game board café which manages retail, distribution and publishing all in one company.
2) Interlock Kings; a snow removal company based in Canada
3) Natural Stuff; a good distribution company
4) EcoGro3; a product which helps plants grow without needing pesticides etc.
Snakes&Lattes is an incredible growth story in itself. The physical locations have grown from 2 to 4; the most recent location was built in Tempe AZ, and there are many more locations being forecasted for 2019.
Expect a lot of continued growth in with S&L.
Little new information is known about NS.
IK is a small company, that while profitable, does not make the same kind of revenue that S&L does.
EcoGro3 is still very much alive. An LOI was issued for 8 systems for 2019.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Incs-GRO3-Division-Enters-Into-Exclusive-Agreement-with-Cannabis-Infused-Beverage-Maker-Kalvara-With-?id=209175
But there is a major red flag. Financials are late. Recently a multi year audit was completed and it apparently ate into the time needed to work on the 10k.
Because of the tardiness of the 10k, the financials for the past Quarter have not been posted either.
That is a major red flag, no “ands ifs or buts” about it.
That said, this company has incredible potential due to S&L, and I believe it will become a billion dollar company on its own. There is plenty of DD on the subject. 2019 will see the openings of about 6 new locations, but the thing to really be on the look out for is the distribution side, as it probably makes the most money within the company.
Publishing will now make an interesting push. S&L will release 3 new board games to the market. This is something to be very watchful of, and could have an incredible impact on the bottom line.
This should definitely help GRO3. Who says organic Hemp won’t be attractive for X players?
In other news, Hemp, the non intoxicating form of cannabis is now federally legal.
https://www.huffingtonpost.com/entry/hemp-legal-farm-bill-states_us_5c1c1ac1e4b08aaf7a86ae4f
That was really a nice buy. Their main job will be developing games. They won’t have to concern themselves with presenting the game to companies, or finding customers. They just need to make great games. That is a developers dream job.
They missed this holiday season, and that’s too bad, but soon they will release 5 games. Then S&L will ensure they grow. More developers, better minds, and all the tools that being associated with S&L brings. Morning may well become a powerhouse in an of itself.
Does anyone here have a good communication link to Roger? The IR idea is not new, but it has been put on hold up until now.
Then again, hiring a IR firm now with the stop sign still up makes little sense.
But once the financials are filed one of the first announcements I want to see is the hiring of a IR firm. This should no longer be ignored, and I think that the company makes enough money now to hire a competent firm
Isn’t that from 2017?
Well, the good thing about AMFE is that regardless of how the stock is doing, the business is moving forward.
S&L Tempe is consistently making itself known in town...
Also in January, we'll be participating in the 6th Street Market on the 13th, playing games outside with our other #downtowntempe neighbors! pic.twitter.com/nlP3EEwVIB
— Snakes & Lattes Tempe (@SnakesLattesAZ) December 18, 2018
Thanks for the answer Plow. I think that a PG rated one would benefit the board a lot LMAO
This rings true. The current pool of investors do not see the value in AMFE, otherwise they would be buying.
Does this mean that AMFE has no value? No.
But it certainly means that management has a lot of work ahead of it to help potential investors see the value that us longs see.
A lot of the perceived lack of value comes from the lack of finances. Hopefully this will be resolved soon. We all know the story behind this, but it doesn’t make it any less frustrating.
Currently AMFE has a HUGE red flag. And it is waving it for all to see. Am I surprised to see the current prices? No. Am I frustrated? Yes. Do I believe this will impact the long term? No.
I think any blind man would be able to see the potential of Snakes&Lattes, but there is a lot of work to be done there too.
I was speaking to a friend of mine and he told me that in order for the “exponential factor” to be seen in a chart, there would be needed at least 25-30 locations. We only have 4.
But we are growing quickly! Last year we had 2. We are projected to have around 10 locations by next year! That is a growth of over 100% in locations alone.
But we need the finances. Simple as that. We need the numbers. We need to see the revenue, and most importantly we need to see the profits.
I think we need to start pressuring Roger to release the information. Or for him to badger the auditors until they release the information.
We are WAY overdue with regards to the numbers. We NEED the numbers. Simple as that.
Do I understand WHY we are where we are? Yes. Do I feel that it takes away from the potential that Snakes&Lattes has? No. But I think it’s past time we stopped using the excuse that we were given. Financials are late. Period. That does not a happy investor make. Silence does not help Rogers case either. We need information, that is our right. I humbly ask all my fellow shareholders to write to Roger to urge him to give an update. If he does not want to give a date, I understand, but it is not fair to us to keep us in the blank.
We have every reason in the world to be excited for Snakes&Lattes. This is going to become a billion dollar company. More evidence supports this every day. We have the chance of a lifetime of having discovered this company in such an early stage. Simple as that
This is actually a great idea. You should definitely pitch it to the company. Be specific. This could be a great app.
New York governor is pushing to legalize recreational Marijuana on 2019.
https://www.nytimes.com/2018/12/17/nyregion/marijuana-legalization-cuomo.html
Wow
The disrespect and the lie is incredible.
This is not true at all, the statement given to Juancy more than proves this lie.
You should be ashamed of yourself. This is the worst of the human heart, to try to take advantage of a tragedy to spur your greed.
Shameful.
This is the time to be merry!
AMFE will make us all very wealthy!
Snakes&Lattes has grown a TON this past year! Can any SANE person deny that growth?
The stock WILL follow the company! The company is growing!
Only trading in the .07s!!!??
This is a gift! Accumulate all you can!
Do you think this will remain at this price once the numbers hit, the stop sign is removed and we up list to the OTCQB?
Don’t be a fool!
We penetrated the US market with a BANG!
There many people interested in opening a Snakes&Lattes
Distribution will continue to grow.
Money will continue to be made
4 actual locations that make actual money and growing
Hundreds and hundreds of games distributed
Making millions in revenue
S&L is the real thing
Is it going under?
I bought AMFE in in April 2017. What did I see then? It was not just potential, which every stock claims to have. I saw truth in a myriad of lies. I saw a real business in a sea of scams.
In this past year and a half AMFE has grown at a staggering pace. But we know all about that don’t we? We know how S&L went from 2 brick and mortar locations to 4, how distribution seems to be growing at a daily pace how we finally bought a game making company, and how we will very soon see the results of that investment.
But we have to give context to all of this growth. Where are we? We are at the Pinks. Maybe you are wondering why I need to remind you of this. The bears seem to remind us of this every day. We are at the lowest of the low. Here, every company is expected to be a scam. Here we are warned to treat every company as if it was a 2 man run, basement covered scam. Here AMFE has grown.
The company is growing organically, by the strength of its business and not its shares. This has been painful for us as shareholders, but it is the main reason why we should buy.
“The company is in a better shape now than it was X time ago.”
We have heard this many times. Mostly because it’s true. We now have 4 locations instead of 2. We have a growing distribution list. We have a growing number of people who want to form Joint Ventures with us. We are making money. Plain and simple.
“All of the good stuff is factored in.”
I don’t buy that. Take any number of Pink sheet companies and many of them will be scams, not having made a single dollar in revenue, let alone profit, and yet be worth much more than we are worth right now. Makes no sense.
The Pinks run on momentum, and clearly AMFE lost all momentum. Does it make it a bad investment. NO! This is a very emphatic NO!
“This is your opportunity to buy these shares at these low prices!”
Yes we have heard this before, but again, this is true. Once the 10K hits showing the undeniable growth it will show, will that not be HUGE BUY signal for investors? Once the company finally leaves this market and enters the OTCQB, will that not be an entry to a much larger pool of investors many of which have much larger pockets than many of us here?
This is our opportunity to get as many shares as we can. Because it is much better to buy at the single digits than at a dollar a share.
Lol, hope to see you soon. Happy holidays