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AMFE Exclusive international distribution rights Cards Against Humanity!
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-That-Our-Subsidiary-Snakes--amp--Lattes-Inc---On-Top-of-Having-Exclusive-Distribution-Rights-to-Canada--Will-Be-Receiving-Exclusive-International-Distribution-Rights-for-Additional-Parts-Of-The-World-For-Cards-Against-Hum?id=158790&b=y
Other highlights from press release include:
- New hiring in their distribution warehouse to assist with increased fulfillment demand
- 10 year lease!! signed on new Snakes and Lattes brick and mortar retail location in Toronto
- A new restaurant division of Snakes and Lagers has been formed to open a new restaurant with Executive Head Chef Joseph Shawana (media coverage)
Awesome company update with this press release!
Go AMFE
Rec
Added again today at .0701, going against my normal disciplined guidelines.
Not that anyone here knows me from Adam, but for what it's worth, I'm confident enough with what I've discovered in everything AMFE that I've almost doubled the maximum dollar investment I usually allow for OTC.
I intend to hold this for a long time, giving the company the "benefit of the doubt" in times of perceived doubt (stock consolidation periods), allowing the company to continue building out their brick and mortar S&L franchise, learning of more distribution exclusivity of popular board games, waiting for updated orders, deals, and partnerships, eyeing further developments with their GROzone EcoPrO3 technology as the cannabis industry trends and regulations change in our favor, and standing by for anything that Interloc-Kings adds to the bottom line.
Continued success to everyone here.
Go AMFE
Rec
"Brick and mortar companies that are showing profit and growing is a sure bet in my book."
Simple and stated beautifully!
Great commentary by GTINSPECTOR! When in doubt, common sense always prevails.
Go AMFE
Rec
AMFE 12.5% off recent highs vs. 100's % higher than recent lows..
The only water the AMFE ship is taking in, is from those who jumped ship, trying to get back in using fear tactics.
Good luck mckinley1...
Go AMFE
Rec
With respect to MJTK, it feels neither good nor bad, but I'll take it. I'm sure there are many here who are underwater and I don't mean to use the volatility to their disadvantage, but such is the way of the market and retail traders must trade for themselves, and themselves only.
Enrichment at the potential cost of others, it is what it is. And believe me, I've been on the wrong side of many trades when I first started. It sucks, but you study and learn the game, and become smarter and wiser with each and every trade. One thing is certain though, I'm thankful to even be in a position to invest/trade.
Much success to you GreenGro!
Rec
Yes, redistributed by end of day. And I'll look to re-enter for another trade.
Below were just today's day trades that helped counterbalance some of what happened with my core free position.
The 4 million in buys, 2 at .0018, 2 at .0019
Those 4 million sold at .0026 EOD:
Whited out one of the trades from a different position...
I'll be back in for another trade, especially with this volatility!
Rec
Nice grabs GreenGro. For a flip, I grabbed 4 million shares.
2M at .0018
2M at .0019
I see this purely as a trade now.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131209770
MJTK ftt...(for the trade)
Rec
I wanted to make my stance known because I had preached more of a long game on MJTK given what I had discovered, speculated, and believed.
However that has changed with today's news and just as I perceive Michael Tew and MJTK in a certain way, I understand how I may be perceived as well, and thus wanted to make my changed views known.
Again, despite a long game approach with Sleek's opportunities, it's still important to me to make my present views known, even if they are unpopular.
Good luck to you trishk1112!
Rec
MJTK as far as I'm concerned, is now a trade and today offered an amazing opportunity for just that.
My opinion may be unpopular now, but I have supported as much as I can and saw the long term outlook and potential with MJTK at one time, but Tew should have vetted AFN much deeper before announcing the acquisition (LOI). Now Tew has made himself and his company look much like many other OTC companies. And perception is what drives a lot of the OTC movement.
Extreme oversold technicals played a key role in today's bottom bounce. I traded it and I hope others did as well to make some coin along the way.
There's no doubt Sleek has provided some amazing opportunities, and I will continue supporting his efforts. However, I've left a lot of profit on the table by not trading MJTK.
So....moving forward, I plan on actively trading MJTK. If that is the unpopular thing to do around here, I can do so quietly. But I've tried offering education along with my insights and hope to be welcomed here still.
No one is perfect, and perhaps MJTK and SIPC have not played out in the same way that last falls opportunities did, but no one can deny that opportunity wasn't there for everyone to make some profit from day 1, the in between volatility range, and present conditions.
Good luck everyone and thank you again Sleek for bringing MJTK and SIPC to my attention!
Respectfully,
Rec
The importance of uplisting to a higher tier exchange is that investment opportunity will be opened up to a broader range of investors, as well as hedge funds that will take a position, then help bring the company's valuation more in line with where it should be.
Market makers like ASCM are tough to beat because they have deeper pockets than the combined retail investor base.
As mentioned above, the way to beat ASCM is to uplist and have other hedge funds with equally deep pockets that will even the playing field. In a sense, you mess with my money, I'll push back...
This is why you have less volatility on the big boards, and market caps that are based more on fundamentals. Big money against big money that overall, equals the playing field and keeps the market more evenly distributed between the tug of war between shorts and longs.
Take advantage of the volatility now and add on dips where you can. For when AMFE uplists, and I strongly believe they will, we will see the market cap more in line with the current fundamentals, and that is a much higher valuation than where we currently are.
I'm long AMFE and accumulating as I see fit.
Go AMFE
Rec
Communication from the company is a double edged sword.
I love that Roger keeps investors up to date, as it keeps those who follow, closely engaged and holding their positions.
On the other side, communication also has the effect of baking in a move before news is released. The element of surprise often contributes to a healthy spike when investors are not expecting news. Case and point, look what happened when we received the news of the large purchase order from Indigo Chapters on April 24. No one was expecting that, and we had a healthy 2 day move.
Given a choice, I still like that Roger keeps his investors informed, dropping just enough of a hint at coming news to keep investors engaged and looking forward to the next catalyst, but not completely giving everything away, so as to keep the stock on a slow and steady rise.
Love the way this is trading! Recently, there has been enough of a steady rise between days of consolidation, that when we do have a retrace on consolidation, we're still trading higher than before, and staying in an uptrend. This is one of the healthiest moves over a sustained period of time that you'll see in the OTC. And it shouldn't be a surprise based on everything we know.
Go AMFE
Rec
Some technical traders saw the .0029 print from a few weeks ago as a gap fill. Others felt it needed to hit .0028 to officially fill the gap.
Either way, it's now filled. For chart enthusiasts, the technicals are way oversold and some will look purely for a technical bounce, just as it did last time it hit .0029 a few weeks ago.
Is there a different catalyst other than a technical chart bounce in play? Not at the moment, but that's why I said I'm patiently waiting for updates from the company for further guidance.
Good luck to you as well GreenGro.
Go MJTK
Rec
There was a gap at .0028 and .0028 hit today.
It was a simple statement, no need to mock it.
I have a position in MJTK. I'd like to see it appreciate in value.
I don't post often. If my posts are not welcome, I'll gladly go back to being silent.
Go MJTK
Rec
MJTK gap finally filled officially!
Let's see where we go from here...still holding and patiently waiting updates from the company for further guidance.
Go MJTK
Rec
MJTK gap finally filled officially!
Let's see where we go from here...still holding and patiently waiting updates from the company for further guidance.
Go MJTK
Rec
Good morning Flex and FLEX NATION!
Successful trading to all here this week.
A few reminders:
Securing profits is never a bad thing, don't be afraid to pull that trigger!
Keep 20% of your portfolio in settled cash at all times (rebalance as needed) for opportunities that arise. New opportunities are always around the corner, so choose wisely and don't jump in just to jump in...
Have a written list of things to do or verify, prior to taking a position. Go down that list regularly to re-verify once you've taken a position.
Be diversified, but not so much that you can't intimately follow active positions that you haven't secured profit in yet. Once profit is secured, it's sometimes good to hold a free position to let that remaining portion ride.
Keep learning as much as you can and stay humble.
Respectfully,
Rec
Thanks for the update GrooveMaster and continued successful trading/investing to you with your positions.
As I mentioned, NWAV appears to have a nice thing going, but I haven't followed intimately and I can't be in everything.
My focus remains on a few other positions right now.
Respectfully,
Rec
AMFE is very smart to show as little net profits as possible to lower their tax bracket. Rather, they are re-investing their profits into assets that will further fuel company growth and future profits that will likely be used to fuel more growth.
As a growing business, you'd rather use profits to build your business than pay taxes. Or use those profits toward benefits/rewards for employees to increase employee loyalty and satisfaction. Employee engagement and overall happiness is also key to the success of a company!
This is why it's important to see where the company is investing/using their profits, rather than just how much net profit shows in a financial statement.
For an OTC company to be re-investing profits for future growth is actually quite astonishing in the short amount of time they've been profitable with the Snakes and Lattes division.
Don't lose sight of the long term growth curve. This is not directed at you RocketStocks, more of a general commentary for all to ponder.
Go AMFE
Rec
With all due respect, those who do not appear to be excited by today's filing and the company news attached to this filing, either don't understand what they're reading in the filing, or don't understand what they're invested in.
There also may be some contained excitement by some that sold last week on the dip and have yet to buy back.
We just got a filing that confirmed the company is profitable, growing at a rapid pace, using profits to fuel growth, and is largely in the beginning stages of quickly becoming a branded chain of brick and mortar locations.
This doesn't even account for the GROzone side of the business that is yet to reflect any revenues in any filings, yet we know there will likely be near term deals that bring added substantial revenues and profit to the bottom line. We will see this in future filings.
Go AMFE
Rec
AMFE 26,600% growth rate over Q3 2016.
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Revenues-Increased-to--1-809-064-for-Q3-2017-Posting-a-26-600--Growth-Rate-Over-Q3-2016?id=158203&b=y
Go AMFE
Rec
AMFE is still in their early stages of growth. To see their Snakes and Lattes division profitable already, is a huge bullish signal to future growth curves.
The Snakes and Lattes division alone is extremely attractive and has a sustainable growing franchise business model that could grow into a wildly popular chain. The fundamentals behind this segment is the main contributor to recent share price appreciation.
The EcoPro3 GROzone is disruptive technology in a young, but maturing new industry; the cannabis economy.
Disruptive technology in any sector is what provides the greatest investment opportunities.
Having growing solid fundamentals from Snakes and Lattes, plus a disruptive technology in the hot cannabis sector that can see equally tremendous upside opportunity, AMFE has provided us with an amazing opportunity to be a part of a ground floor investment.
Go AMFE
Rec
You're confusing calendar year with fiscal year. No errors here.
Go AMFE
Rec
AMFE 26,600% growth over Q3 2016 New filing:
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Revenues-Increased-to--1-809-064-for-Q3-2017-Posting-a-26-600--Growth-Rate-Over-Q3-2016?id=158203&b=y
AMFE 26,600% growth rate over Q3 2016!!
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Revenues-Increased-to--1-809-064-for-Q3-2017-Posting-a-26-600--Growth-Rate-Over-Q3-2016?id=158203&b=y
Amfil Technologies Inc. Revenues Increased to $1,809,064 for Q3 2017 Posting a 26,600% Growth Rate Over Q3 2016
May 07, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide the shareholders and investment community an update regarding our Q3 2017 financial statements posted today.
Revenues of $1,809,064 despite Q3 2017 historically being the slowest calendar quarter for the company's subsidiaries. This is up $266,675 or 17% compared to last quarter which is historically the best calendar quarter (the Christmas & Holiday Quarter).
Inventory increased $1,455,592 or 43.2% to $4,825,173 in Q3 2017 in comparison to $3,369,581 in Q2 2017 in preparation of expected future fulfillment and sales contracts throughout 2017.
Issued & Outstanding common share count reduction of 43.8% from 791,919,764 to 444,807,264.
Total Assets increased $1,376,652 or 27.5% from $5,007,437 in Q2 2017 to $6,384,089 in Q3 2017.
Visit www.otcmarkets.com/stock/AMFE/filings for the full Q3 report.
The company saw a 17% increase in revenues from $1,542,389 in fiscal Q2 2017 to $1,809,064 in fiscal Q3 2017. This is quite significant considering that Q2 (the Christmas and Holiday period) is historically the best performing quarter for the company's subsidiaries and this was beaten in what is known historically to be the slowest calendar quarter for the subsidiaries. This is very promising and on pace with our expectations of continued rapid growth and expansion for Amfil Technologies Inc. and its group of companies.
January to March is usually a slow quarter for retail sales and therefore lower margins due to a significant portion of revenue being received through Amazon and other lower margin purchasing outlets. Returns and markdowns following the holiday season historically had a large impact on the fiscal Q3 numbers produced by Snakes & Lattes Inc. The fact that fiscal Q3 2017 revenues surpassed that of the high margin retail sales holiday quarter of fiscal Q2 is just one of many confirmations of the company's expected and continued growth over the next two calendar quarters and into the 2017 Holiday quarter leading the company to expect a blockbuster year.
Net profit of $28,803 and cash at closing of $64,870 being lower in comparison to the previous quarter is a combination of the above factors as well as a large portion of profits being injected into the new third Snakes & Lattes Inc. location opening this summer in Toronto, ON near Yonge & Eglinton. Pre-paid expenses increased to $213,895 and deposits on the lease as well as for construction which is now under-way contributed to these numbers. The company intends to be aggressive on the timeline of opening the third Snakes & Lattes location as it will immediately and dramatically increase numbers throughout the rest of 2017 and beyond. Instead of sitting on cash, the company is utilizing the increased revenues to fuel further growth and expansion at the highest rate we can comfortably support. This ensures continued revenue growth long term and maximum value to our shareholders.
-----
The excitement continues to flourish at Amfil Technologies Inc. across all of our subsidiaries. The immediate positive impact to the financial statements through the Snakes & Lagers Inc. / Snakes & Lattes Inc. acquisition last year has been paramount to the company's bottom line. The subsidiary continues to impress through the expansion of the retail division and the rapid growth in the distribution business. We are positive and excited to see what the coming quarters will bring as the expansion and growth of this thriving subsidiary continues.
Further to the overwhelming success of the Snakes & Lattes brand, the Interloc-Kings Inc. subsidiary is beginning its summer season and has many unique and exciting projects lined up for the coming months that will add to the bottom line. The recent explosion of interest in the EcoPrO3 GROzone Antimicrobial System has opened up strategic relationships and multiple ongoing discussions with potential near term customers for the subsidiary. The Amfil management teams are anticipating a monumental 2017, setting a benchmark which we will continually strive to beat year over year through consistent growth and expansion of the Amfil Group of Companies.
We would like to thank all of our shareholders for their continued support as the company continues to expand and grow revenues, profits and shareholder value. Stay tuned for further developments from our operating subsidiaries in the near future.
For more information on Amfil Technologies, Inc. please visit our website at www.amfiltech.com or follow us on twitter at @AmfilTech.
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 a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and café located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The EcoPr03 GROzone 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 GROzone Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on this product line can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 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," "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:
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AMFE 26,600% growth rate over Q3 2016!!
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Revenues-Increased-to--1-809-064-for-Q3-2017-Posting-a-26-600--Growth-Rate-Over-Q3-2016?id=158203&b=y
Amfil Technologies Inc. Revenues Increased to $1,809,064 for Q3 2017 Posting a 26,600% Growth Rate Over Q3 2016
May 07, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide the shareholders and investment community an update regarding our Q3 2017 financial statements posted today.
Revenues of $1,809,064 despite Q3 2017 historically being the slowest calendar quarter for the company's subsidiaries. This is up $266,675 or 17% compared to last quarter which is historically the best calendar quarter (the Christmas & Holiday Quarter).
Inventory increased $1,455,592 or 43.2% to $4,825,173 in Q3 2017 in comparison to $3,369,581 in Q2 2017 in preparation of expected future fulfillment and sales contracts throughout 2017.
Issued & Outstanding common share count reduction of 43.8% from 791,919,764 to 444,807,264.
Total Assets increased $1,376,652 or 27.5% from $5,007,437 in Q2 2017 to $6,384,089 in Q3 2017.
Visit www.otcmarkets.com/stock/AMFE/filings for the full Q3 report.
The company saw a 17% increase in revenues from $1,542,389 in fiscal Q2 2017 to $1,809,064 in fiscal Q3 2017. This is quite significant considering that Q2 (the Christmas and Holiday period) is historically the best performing quarter for the company's subsidiaries and this was beaten in what is known historically to be the slowest calendar quarter for the subsidiaries. This is very promising and on pace with our expectations of continued rapid growth and expansion for Amfil Technologies Inc. and its group of companies.
January to March is usually a slow quarter for retail sales and therefore lower margins due to a significant portion of revenue being received through Amazon and other lower margin purchasing outlets. Returns and markdowns following the holiday season historically had a large impact on the fiscal Q3 numbers produced by Snakes & Lattes Inc. The fact that fiscal Q3 2017 revenues surpassed that of the high margin retail sales holiday quarter of fiscal Q2 is just one of many confirmations of the company's expected and continued growth over the next two calendar quarters and into the 2017 Holiday quarter leading the company to expect a blockbuster year.
Net profit of $28,803 and cash at closing of $64,870 being lower in comparison to the previous quarter is a combination of the above factors as well as a large portion of profits being injected into the new third Snakes & Lattes Inc. location opening this summer in Toronto, ON near Yonge & Eglinton. Pre-paid expenses increased to $213,895 and deposits on the lease as well as for construction which is now under-way contributed to these numbers. The company intends to be aggressive on the timeline of opening the third Snakes & Lattes location as it will immediately and dramatically increase numbers throughout the rest of 2017 and beyond. Instead of sitting on cash, the company is utilizing the increased revenues to fuel further growth and expansion at the highest rate we can comfortably support. This ensures continued revenue growth long term and maximum value to our shareholders.
-----
The excitement continues to flourish at Amfil Technologies Inc. across all of our subsidiaries. The immediate positive impact to the financial statements through the Snakes & Lagers Inc. / Snakes & Lattes Inc. acquisition last year has been paramount to the company's bottom line. The subsidiary continues to impress through the expansion of the retail division and the rapid growth in the distribution business. We are positive and excited to see what the coming quarters will bring as the expansion and growth of this thriving subsidiary continues.
Further to the overwhelming success of the Snakes & Lattes brand, the Interloc-Kings Inc. subsidiary is beginning its summer season and has many unique and exciting projects lined up for the coming months that will add to the bottom line. The recent explosion of interest in the EcoPrO3 GROzone Antimicrobial System has opened up strategic relationships and multiple ongoing discussions with potential near term customers for the subsidiary. The Amfil management teams are anticipating a monumental 2017, setting a benchmark which we will continually strive to beat year over year through consistent growth and expansion of the Amfil Group of Companies.
We would like to thank all of our shareholders for their continued support as the company continues to expand and grow revenues, profits and shareholder value. Stay tuned for further developments from our operating subsidiaries in the near future.
For more information on Amfil Technologies, Inc. please visit our website at www.amfiltech.com or follow us on twitter at @AmfilTech.
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 a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and café located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The EcoPr03 GROzone 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 GROzone Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on this product line can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 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," "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:
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AMFE 26,600% growth rate over Q3 2016!!
Amfil Technologies Inc. Revenues Increased to $1,809,064 for Q3 2017 Posting a 26,600% Growth Rate Over Q3 2016
May 07, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide the shareholders and investment community an update regarding our Q3 2017 financial statements posted today.
Revenues of $1,809,064 despite Q3 2017 historically being the slowest calendar quarter for the company's subsidiaries. This is up $266,675 or 17% compared to last quarter which is historically the best calendar quarter (the Christmas & Holiday Quarter).
Inventory increased $1,455,592 or 43.2% to $4,825,173 in Q3 2017 in comparison to $3,369,581 in Q2 2017 in preparation of expected future fulfillment and sales contracts throughout 2017.
Issued & Outstanding common share count reduction of 43.8% from 791,919,764 to 444,807,264.
Total Assets increased $1,376,652 or 27.5% from $5,007,437 in Q2 2017 to $6,384,089 in Q3 2017.
Visit www.otcmarkets.com/stock/AMFE/filings for the full Q3 report.
The company saw a 17% increase in revenues from $1,542,389 in fiscal Q2 2017 to $1,809,064 in fiscal Q3 2017. This is quite significant considering that Q2 (the Christmas and Holiday period) is historically the best performing quarter for the company's subsidiaries and this was beaten in what is known historically to be the slowest calendar quarter for the subsidiaries. This is very promising and on pace with our expectations of continued rapid growth and expansion for Amfil Technologies Inc. and its group of companies.
January to March is usually a slow quarter for retail sales and therefore lower margins due to a significant portion of revenue being received through Amazon and other lower margin purchasing outlets. Returns and markdowns following the holiday season historically had a large impact on the fiscal Q3 numbers produced by Snakes & Lattes Inc. The fact that fiscal Q3 2017 revenues surpassed that of the high margin retail sales holiday quarter of fiscal Q2 is just one of many confirmations of the company's expected and continued growth over the next two calendar quarters and into the 2017 Holiday quarter leading the company to expect a blockbuster year.
Net profit of $28,803 and cash at closing of $64,870 being lower in comparison to the previous quarter is a combination of the above factors as well as a large portion of profits being injected into the new third Snakes & Lattes Inc. location opening this summer in Toronto, ON near Yonge & Eglinton. Pre-paid expenses increased to $213,895 and deposits on the lease as well as for construction which is now under-way contributed to these numbers. The company intends to be aggressive on the timeline of opening the third Snakes & Lattes location as it will immediately and dramatically increase numbers throughout the rest of 2017 and beyond. Instead of sitting on cash, the company is utilizing the increased revenues to fuel further growth and expansion at the highest rate we can comfortably support. This ensures continued revenue growth long term and maximum value to our shareholders.
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The excitement continues to flourish at Amfil Technologies Inc. across all of our subsidiaries. The immediate positive impact to the financial statements through the Snakes & Lagers Inc. / Snakes & Lattes Inc. acquisition last year has been paramount to the company's bottom line. The subsidiary continues to impress through the expansion of the retail division and the rapid growth in the distribution business. We are positive and excited to see what the coming quarters will bring as the expansion and growth of this thriving subsidiary continues.
Further to the overwhelming success of the Snakes & Lattes brand, the Interloc-Kings Inc. subsidiary is beginning its summer season and has many unique and exciting projects lined up for the coming months that will add to the bottom line. The recent explosion of interest in the EcoPrO3 GROzone Antimicrobial System has opened up strategic relationships and multiple ongoing discussions with potential near term customers for the subsidiary. The Amfil management teams are anticipating a monumental 2017, setting a benchmark which we will continually strive to beat year over year through consistent growth and expansion of the Amfil Group of Companies.
We would like to thank all of our shareholders for their continued support as the company continues to expand and grow revenues, profits and shareholder value. Stay tuned for further developments from our operating subsidiaries in the near future.
For more information on Amfil Technologies, Inc. please visit our website at www.amfiltech.com or follow us on twitter at @AmfilTech.
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 a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and café located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The EcoPr03 GROzone 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 GROzone Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on this product line can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 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," "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:
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Highlights from AMFE's 10Q.
Results of Operations
Liquidity and Capital Resources:
Cash inflow from operations for the nine months ended March 31st, 2017 was $1,435,593 compared to an cash outflow of $5,133 in the comparative prior nine months ended March 31st, 2016. The increase in cash inflow was due to the increased operations provided by the recently acquired Snakes & Lagers subsidiary.
The Company is dependent upon equity and loan financings to compensate for the continued outflow of cash anticipated from operations. The Company’s continued operations are dependent upon obtaining revenues from outside sources or raising additional funds through debt or equity financing.
Profit & Loss:
Comparison of the three and nine months ended March 31st, 2017 with the three and six months ended March 31st, 2016.
The net gain for the nine months ended March 31st, 2016 was $265,797 compared to a net loss of $76,670 for the six months ended December 31, 2015. The gains for the recent periods relate to the recent acquisition of Snakes & Lagers Inc. being added to the financial statements.
The net gain for the three months ended December 31 2016 was $28,803 compared to a net loss of $131,426 for the three months ended December 31, 2015. The gains for the current period relate to the recent acquisition of Snakes & Lagers Inc. being added to the financial statements.
Cash Flow:
The Company as of March 31st, 2017 had cash and cash equivalents of $64,870 and total current assets of $6,384,089 which is less than current liabilities of $6,225,236. At March 31st, 2017 the Company had a working capital deficiency of $(158,853).
Operations highlights:
Start reading from page 15-19
I like this:
1). Snakes & Lagers Inc.
The company’s first goal with the Snakes & Lagers subsidiary is to work together with Ben Castanie to open (3) three additional Snakes & Latte’s Inc. locations.
Through preferred shares, Roger Mortimer has controlling interest in the entire company:
A. Names of Officers, Directors, and Control Persons . In responding to this item, please provide the names of each of the issuer’s executive officers, directors, general partners and control persons (control persons are beneficial owners of more than five percent (5%) of any class of the issuer’s equity securities), as of the date of this information statement.
Roger Mortimer 4,500,000 preferred stock 50.29%
All in all, this is a very good filing showing tremendous growth in a very short amount of time. Based on what we know is still coming with GroZone and more Snakes and Lattes locations opening, the future is very bright!
Future quarterly filings are on pace for continued tremendous growth and should reflect in the stock performance with sustained appreciation.
Go AMFE
Rec
These posts provide excellent common sense commentary and insight.
Too often, investors aren't using basic logic and common sense when they make trading decisions, which is why I love the commentary in these below posts in addition to tracking news and technical chart analysis.
About employment growth:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131141575
Managing hype/substance ratio:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131142758
Very well stated comments by Rocketstocks.
Go AMFE
Rec
Looking solid today leading into financials! The dip hit my bids a few days ago, at more than twice my cost basis, prior to those buys.
Have hundreds of posts to scan over from the last few days, but just as easy to mark all read (know what I own) and relax over the weekend.
Go AMFE
Rec
Was close to averaging up again, bidding for .0835's at the gap, and got as close to seeing my bid there...just short of being top bid.
Congrats to whoever got those .0836's.
Off for the week, flying out, maybe on the other end of the flight I'll see my bid fill? If not, still confident in large core position and leaving my bid there blindly while in the air.
Providing bid support without getting filled, sometimes serves a purpose, as market makers see it all.
See y'all next week.
Go AMFE
Rec
AMFE has hype AND justifiable fundamentals.
Combining hype AND fundamentals equals a recipe for sustained growth, both short and long term.
Go AMFE
Rec
AMFE news: Signed deal with Roto-Gro (ASX: RGI)
AMFIL TECHNOLOGIES INC. ANNOUNCES SIGNED AGREEMENT BETWEEN GROZONE & ROTARY HYDROPONIC SYSTEMS MANUFACTURER, ROTO-GRO WORLD WIDE INC. (ASX: RGI), TARGETING THE MEDICAL MARIJUANA HYDROPONIC INDUSTRY
Apr 30, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that the company has signed an agreement with Roto-Gro World Wide Inc., a wholly owned subsidiary of Roto-Gro International Ltd. (ASX:RGI) to form a joint venture to integrate and distribute the GROzone EcoPr03 Antimicrobial System with the revolutionary Roto-Gro Rotary Hydroponic systems.
The Roto-Gro automated rotary hydroponic system was designed, developed, and manufactured in Canada in 2006. The system has been recognised by several cannabis producers and distributors in Canada, Europe and the US and has an established client base, including Canadian based, Nutrilife Products, being one of itâ??s largest customers with sales to the group already exceeding 600 units. They have also recently entered into an agreement with EuroAg Corporation for the supply of 240 Roto-Gro Units over a 12-month period. The company recently debuted on the Australian Stock Exchange through IPO in February 2017.
The Roto-Gro system is an automated rotary hydroponic vertical farming system designed for use in the rapidly growing medical marijuana industry. The Roto-Gro system was developed in 2006 and is based on a flood and drain system. Plants are inserted into â??quick drain traysâ?, then inserted into a motorized wheel which revolves the plants 24 hours a day around centre-fixed grow lights. Through gravitropism and many other features, plants experience accelerated growth rates. The compression resulting from the rotation results in plants with more internodes and better flavour profiles. Their patent-pending design is also configured to be stackable. The ability to stack multiple units vertically within a compact footprint, together with a rotational growing bed provides a growing area equivalent to approximately ten times that of a conventional 'flatbed' hydroponic system. These efficiencies result in significantly greater crop yields per square foot and consume approximately 40% less electricity than other hydroponic systems. The system has also been designed to deliver fluids, nutrients, and carbon dioxide more effectively and efficiently than conventional growing systems. Additionally, through the agreement with GROzone, the Roto-Gro system will also deliver ozone through the integrated EcoPro3 Antimicrobial System, resulting in the ability to offer cultivators an all encompassing, highly efficient, and eco-friendly system to produce medical grade marijuana.
As previously mentioned, future growth strategies include expansion into the food sector, targeting areas challenged by factors such as climate, contaminated water sources, making it difficult to grow crops utilizing traditional farming methods. The GROzone systems were developed from existing technology which has been successfully utilized in the food and beverage industry for over 20 years, providing units for major companies such as Pepsi, Sun Pacific and Nestle. The GROzone management team intends to use their technical knowledge, expertise, and proven track record in the industry to further grow and expand the reach of both companies moving forward. A number of synergies between the two companies are being explored and the respective management teams are anticipating a unified expansion of both entities as a direct result of this strategic partnership.
The immediate action would be to provide clients currently utilizing the Roto-Gro system with the option of upgrading their setups by adding the GROzone EcoPro3 Antimicrobial system allowing them to complete their growing facilities with an all encompassing and automated system. The EcoPro3 technical team has calibrated a system to integrate specifically with the current rotary hydroponic systems. This would ensure a smooth transition for current users, whilst adding the piece of mind of an organic antimicrobial solution to eliminate the risks associated with contamination. Further to the EcoPro3 upgrade for current users, the companies aim to develop, manufacture and distribute a fully integrated hydroponic system, aiming to be the global leader in hydroponic technology, providing the only hydroponic system to provide full automation of plant rotation, nutrient delivery, hydration, and fully organic antimicrobial and sanitation process, completely eliminating the risks associated with contaminated crops due to mold, pathogens and pesticides . All of this, combined with greatly reduced floor space requirements, reduced water and electrical requirements, larger yields, as well as bigger, stronger, faster growing plants which have already been produced using the patent pending Roto-Gro rotary design.
Amfil Technologies Inc. intends to continue their mission to eradicate contamination issues and completely eliminate the use of chemicals and pesticides in the production of all medical marijuana products. Roto-Gro will be receiving the first unit(s) currently in development by Amfil Technologies Inc. in the coming weeks. Amfil Technologies Inc. is very excited to be working with a leading technology provider such as Roto-Gro World Wide Inc. to further enhance and sustain the Roto-Gro system as the most cutting edge hydroponic system in the world that is available to the market. We will keep shareholders informed on the progress as it develops.
Related News:
Further to the recent launch of the EcoPrO3 GROzone Antimicrobial System, Amfil Technologies Inc. is in discussions with a number of companies regarding purchase and integration of the unit. As significant contracts materialize, our shareholders will be updated on the progress for this subsidiary which is expected in the near future.
For more information on Amfil Technologies Inc. please visit our website at www.amfiltech.com or follow us on twitter at @AmfilTech. For more information on the GROzone technology visit www.grozone.biz. For more information on Roto-Gro International LLC visit their website at www.rotogro.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 a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and café located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The GROzone 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. GROzone 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 GROzone unit recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on the GROzone line of products can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 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," "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:
Roger Mortimer
Amfil Technologies, Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AMFE news: Signed deal with Roto-Gro (ASX: RGI)
AMFIL TECHNOLOGIES INC. ANNOUNCES SIGNED AGREEMENT BETWEEN GROZONE & ROTARY HYDROPONIC SYSTEMS MANUFACTURER, ROTO-GRO WORLD WIDE INC. (ASX: RGI), TARGETING THE MEDICAL MARIJUANA HYDROPONIC INDUSTRY
Apr 30, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that the company has signed an agreement with Roto-Gro World Wide Inc., a wholly owned subsidiary of Roto-Gro International Ltd. (ASX:RGI) to form a joint venture to integrate and distribute the GROzone EcoPr03 Antimicrobial System with the revolutionary Roto-Gro Rotary Hydroponic systems.
The Roto-Gro automated rotary hydroponic system was designed, developed, and manufactured in Canada in 2006. The system has been recognised by several cannabis producers and distributors in Canada, Europe and the US and has an established client base, including Canadian based, Nutrilife Products, being one of itâ??s largest customers with sales to the group already exceeding 600 units. They have also recently entered into an agreement with EuroAg Corporation for the supply of 240 Roto-Gro Units over a 12-month period. The company recently debuted on the Australian Stock Exchange through IPO in February 2017.
The Roto-Gro system is an automated rotary hydroponic vertical farming system designed for use in the rapidly growing medical marijuana industry. The Roto-Gro system was developed in 2006 and is based on a flood and drain system. Plants are inserted into â??quick drain traysâ?, then inserted into a motorized wheel which revolves the plants 24 hours a day around centre-fixed grow lights. Through gravitropism and many other features, plants experience accelerated growth rates. The compression resulting from the rotation results in plants with more internodes and better flavour profiles. Their patent-pending design is also configured to be stackable. The ability to stack multiple units vertically within a compact footprint, together with a rotational growing bed provides a growing area equivalent to approximately ten times that of a conventional 'flatbed' hydroponic system. These efficiencies result in significantly greater crop yields per square foot and consume approximately 40% less electricity than other hydroponic systems. The system has also been designed to deliver fluids, nutrients, and carbon dioxide more effectively and efficiently than conventional growing systems. Additionally, through the agreement with GROzone, the Roto-Gro system will also deliver ozone through the integrated EcoPro3 Antimicrobial System, resulting in the ability to offer cultivators an all encompassing, highly efficient, and eco-friendly system to produce medical grade marijuana.
As previously mentioned, future growth strategies include expansion into the food sector, targeting areas challenged by factors such as climate, contaminated water sources, making it difficult to grow crops utilizing traditional farming methods. The GROzone systems were developed from existing technology which has been successfully utilized in the food and beverage industry for over 20 years, providing units for major companies such as Pepsi, Sun Pacific and Nestle. The GROzone management team intends to use their technical knowledge, expertise, and proven track record in the industry to further grow and expand the reach of both companies moving forward. A number of synergies between the two companies are being explored and the respective management teams are anticipating a unified expansion of both entities as a direct result of this strategic partnership.
The immediate action would be to provide clients currently utilizing the Roto-Gro system with the option of upgrading their setups by adding the GROzone EcoPro3 Antimicrobial system allowing them to complete their growing facilities with an all encompassing and automated system. The EcoPro3 technical team has calibrated a system to integrate specifically with the current rotary hydroponic systems. This would ensure a smooth transition for current users, whilst adding the piece of mind of an organic antimicrobial solution to eliminate the risks associated with contamination. Further to the EcoPro3 upgrade for current users, the companies aim to develop, manufacture and distribute a fully integrated hydroponic system, aiming to be the global leader in hydroponic technology, providing the only hydroponic system to provide full automation of plant rotation, nutrient delivery, hydration, and fully organic antimicrobial and sanitation process, completely eliminating the risks associated with contaminated crops due to mold, pathogens and pesticides . All of this, combined with greatly reduced floor space requirements, reduced water and electrical requirements, larger yields, as well as bigger, stronger, faster growing plants which have already been produced using the patent pending Roto-Gro rotary design.
Amfil Technologies Inc. intends to continue their mission to eradicate contamination issues and completely eliminate the use of chemicals and pesticides in the production of all medical marijuana products. Roto-Gro will be receiving the first unit(s) currently in development by Amfil Technologies Inc. in the coming weeks. Amfil Technologies Inc. is very excited to be working with a leading technology provider such as Roto-Gro World Wide Inc. to further enhance and sustain the Roto-Gro system as the most cutting edge hydroponic system in the world that is available to the market. We will keep shareholders informed on the progress as it develops.
Related News:
Further to the recent launch of the EcoPrO3 GROzone Antimicrobial System, Amfil Technologies Inc. is in discussions with a number of companies regarding purchase and integration of the unit. As significant contracts materialize, our shareholders will be updated on the progress for this subsidiary which is expected in the near future.
For more information on Amfil Technologies Inc. please visit our website at www.amfiltech.com or follow us on twitter at @AmfilTech. For more information on the GROzone technology visit www.grozone.biz. For more information on Roto-Gro International LLC visit their website at www.rotogro.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 a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and café located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The GROzone 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. GROzone 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 GROzone unit recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on the GROzone line of products can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 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," "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:
Roger Mortimer
Amfil Technologies, Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AMFE news: Signed deal with Roto-Gro (ASX: RGI)
AMFIL TECHNOLOGIES INC. ANNOUNCES SIGNED AGREEMENT BETWEEN GROZONE & ROTARY HYDROPONIC SYSTEMS MANUFACTURER, ROTO-GRO WORLD WIDE INC. (ASX: RGI), TARGETING THE MEDICAL MARIJUANA HYDROPONIC INDUSTRY
Apr 30, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that the company has signed an agreement with Roto-Gro World Wide Inc., a wholly owned subsidiary of Roto-Gro International Ltd. (ASX:RGI) to form a joint venture to integrate and distribute the GROzone EcoPr03 Antimicrobial System with the revolutionary Roto-Gro Rotary Hydroponic systems.
The Roto-Gro automated rotary hydroponic system was designed, developed, and manufactured in Canada in 2006. The system has been recognised by several cannabis producers and distributors in Canada, Europe and the US and has an established client base, including Canadian based, Nutrilife Products, being one of itâ??s largest customers with sales to the group already exceeding 600 units. They have also recently entered into an agreement with EuroAg Corporation for the supply of 240 Roto-Gro Units over a 12-month period. The company recently debuted on the Australian Stock Exchange through IPO in February 2017.
The Roto-Gro system is an automated rotary hydroponic vertical farming system designed for use in the rapidly growing medical marijuana industry. The Roto-Gro system was developed in 2006 and is based on a flood and drain system. Plants are inserted into â??quick drain traysâ?, then inserted into a motorized wheel which revolves the plants 24 hours a day around centre-fixed grow lights. Through gravitropism and many other features, plants experience accelerated growth rates. The compression resulting from the rotation results in plants with more internodes and better flavour profiles. Their patent-pending design is also configured to be stackable. The ability to stack multiple units vertically within a compact footprint, together with a rotational growing bed provides a growing area equivalent to approximately ten times that of a conventional 'flatbed' hydroponic system. These efficiencies result in significantly greater crop yields per square foot and consume approximately 40% less electricity than other hydroponic systems. The system has also been designed to deliver fluids, nutrients, and carbon dioxide more effectively and efficiently than conventional growing systems. Additionally, through the agreement with GROzone, the Roto-Gro system will also deliver ozone through the integrated EcoPro3 Antimicrobial System, resulting in the ability to offer cultivators an all encompassing, highly efficient, and eco-friendly system to produce medical grade marijuana.
As previously mentioned, future growth strategies include expansion into the food sector, targeting areas challenged by factors such as climate, contaminated water sources, making it difficult to grow crops utilizing traditional farming methods. The GROzone systems were developed from existing technology which has been successfully utilized in the food and beverage industry for over 20 years, providing units for major companies such as Pepsi, Sun Pacific and Nestle. The GROzone management team intends to use their technical knowledge, expertise, and proven track record in the industry to further grow and expand the reach of both companies moving forward. A number of synergies between the two companies are being explored and the respective management teams are anticipating a unified expansion of both entities as a direct result of this strategic partnership.
The immediate action would be to provide clients currently utilizing the Roto-Gro system with the option of upgrading their setups by adding the GROzone EcoPro3 Antimicrobial system allowing them to complete their growing facilities with an all encompassing and automated system. The EcoPro3 technical team has calibrated a system to integrate specifically with the current rotary hydroponic systems. This would ensure a smooth transition for current users, whilst adding the piece of mind of an organic antimicrobial solution to eliminate the risks associated with contamination. Further to the EcoPro3 upgrade for current users, the companies aim to develop, manufacture and distribute a fully integrated hydroponic system, aiming to be the global leader in hydroponic technology, providing the only hydroponic system to provide full automation of plant rotation, nutrient delivery, hydration, and fully organic antimicrobial and sanitation process, completely eliminating the risks associated with contaminated crops due to mold, pathogens and pesticides . All of this, combined with greatly reduced floor space requirements, reduced water and electrical requirements, larger yields, as well as bigger, stronger, faster growing plants which have already been produced using the patent pending Roto-Gro rotary design.
Amfil Technologies Inc. intends to continue their mission to eradicate contamination issues and completely eliminate the use of chemicals and pesticides in the production of all medical marijuana products. Roto-Gro will be receiving the first unit(s) currently in development by Amfil Technologies Inc. in the coming weeks. Amfil Technologies Inc. is very excited to be working with a leading technology provider such as Roto-Gro World Wide Inc. to further enhance and sustain the Roto-Gro system as the most cutting edge hydroponic system in the world that is available to the market. We will keep shareholders informed on the progress as it develops.
Related News:
Further to the recent launch of the EcoPrO3 GROzone Antimicrobial System, Amfil Technologies Inc. is in discussions with a number of companies regarding purchase and integration of the unit. As significant contracts materialize, our shareholders will be updated on the progress for this subsidiary which is expected in the near future.
For more information on Amfil Technologies Inc. please visit our website at www.amfiltech.com or follow us on twitter at @AmfilTech. For more information on the GROzone technology visit www.grozone.biz. For more information on Roto-Gro International LLC visit their website at www.rotogro.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 a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and café located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The GROzone 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. GROzone 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 GROzone unit recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on the GROzone line of products can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 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," "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:
Roger Mortimer
Amfil Technologies, Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
I was not implying that there is an entity with the intent of buying a majority interest in the company.
A publicly traded company usually sets up their share structure in such a way to avoid any hostile takeover, be it by way of preferred shares that have heavier voting rights in case an outside entity does make an offer to buy the company that would require shareholder approval, or strategically issuing enough percentage of stock to insiders while managing the A/S.
Insiders who collectively own majority interest in a company, but individually don't hold majority, may also have an agreement in place with each other whereby they delegate their vote via proxy, to an entrusted leader who has the best interests at hand for the company and its shareholders.
In other words, no worries about a hostile takeover. I'm sure Roger is managing the company just fine.
Go AMFE
Rec
AMFE I do not say this lightly, AMFE could potentially be my largest and greatest investment payoff ever, both near and long term.
I hope, just like I did, people take the time to at least look into AMFE and discover the potential that I see, then grab a position.
Profitable company with 2 popular real brick and mortar retail locations employing about 90 individuals, and a 3rd opening within a few months with another 60 employees being hired for this new location. Seriously? What other OTC company has this many real employees?
The long term safe play is in their retail locations (Snakes and Lattes) that are expanding quickly, but the great thing is in the short term catalyst with AMFE's patent pending GROzone hydroponic technology that cancels the need to use harmful pesticides and eliminate mold from marijuana growers crop! This could be wildly successful near term, as regulations are defined for MJ growers that will force the MJ industry to grow safely, organically, and to a certain standard that AMFE's GROzone technology directly addresses.
Additionally, share reduction took place, uplisting is in process, business transactions and dealings with huge public non-OTC companies, and distribution exclusivity in Canada with many popular board games like Cards Against Humanity...
There is just so much, it's hard to organize and pare down everything that is AMFE!
Near term, I expect to see AMFE have sustainable rapid explosive growth!!
Go AMFE
Rec