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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
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 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 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
Added several million at .003
Is this a technical bounce or full on reversal for MJTK?
TBD...
What is clear, is that MJTK had gained widespread exposure and awareness on a pretty epic run from sub .002 - .0194 on heavy volume. The gap filled (or close enough), and traders who missed the initial run, plus those who may have been trading this all along and waiting for the gap range to hit before taking size, finally got their opportunity to buy in. Volume up ticked as we got closer to filling the gap and hit .0029's yesterday.
With today's trading and strong close, I suspect traders who were waiting for confirmation of a bottom bounce with healthy volume, received just that, and we can see a continuation of this technical bounce, leading into the possible closing of the AFN acquisition and integration of Expo into the Citizen's Toke platform with launch.
Next week could provide some much desired return to the upside.
Go MJTK
Rec
Added several million at .003
Is this a technical bounce or full on reversal for MJTK?
TBD...
What is clear, is that MJTK had gained widespread exposure and awareness on a pretty epic run from sub .002 - .0194 on heavy volume. The gap filled (or close enough), and traders who missed the initial run, plus those who may have been trading this all along and waiting for the gap range to hit before taking size, finally got their opportunity to buy in. Volume up ticked as we got closer to filling the gap and hit .0029's yesterday.
With today's trading and strong close, I suspect traders who were waiting for confirmation of a bottom bounce with healthy volume, received just that, and we can see a continuation of this technical bounce, leading into the possible closing of the AFN acquisition and integration of Expo into the Citizen's Toke platform with launch.
Next week could provide some much desired return to the upside.
Go MJTK
Rec
These are not your average dollar amounts for incoming orders being executed over the last month or so.
Me thinks there is a much larger entity in play here, combined with some short covering/smart retail.
Some of the healthiest trading going on here!
Go AMFE
Rec
It's hard to put a valuation on the unknown, and it's hard to put a price target on a stock that is trading in "blue sky territory" almost daily.
However the excitement combined with strong fundamentals and a sustainable business already established, one thing appears certain: continued growth in share price and market cap!
Sit back, relax, and feel free to go about your days without the need to constantly watch this one.
Go AMFE
Rec
It wouldn't surprise me in the least with what's coming via press.
Speculative right now, but no reason to doubt based on prior actions for which the company has followed through.
With the established line of revenue from Snakes and Lattes, this alone supports a higher market cap and there's plenty more growth to be added in this line of AMFE's business.
Add to that, the GROzone news investors are awaiting, and AMFE can continue its rapid growth.
Go AMFE
Rec
In for a taste. Been watching NPHC, trades thin. Increased volume and exposure will make this move quite easily.
Go NPHC
Rec
Extremely impressive dollar volume and accumulation since early April!
Based on pending catalysts combined with pre-existing catalysts that helped bring massive investment over the last month, there's still plenty more growth to come.
Go AMFE
Rec
Yes! Technical glitches in the quoting system data feeds.
http://www.finra.org/industry/trace/finra-data-feeds-issue
I believe a bigger entity is in play here that will take this to a minimum of .25 so AMFE can meet the requirements to be listed on the OTCQX, which is a goal the company stated.
Slow and steady is how they'll do this. It certainly helps that the company has a solid business in place and many positive developments playing out.
Go AMFE
Rec
Discrepancies in quoting, thus the halts.
Once fixed, should be good to go.
http://www.finra.org/industry/trace/finra-data-feeds-issue
All of the information you've discovered and shared is very much valued and appreciated!
I'll look forward to reading what you share. However, there is so much solid information already put forth by you, that has been verified, that I'm comfortable just putting this on the back burner and checking in every once in a while, knowing my investment here is pretty safe.
Go AMFE
Rec
I completely agree with your sentiments:
Rocketstocks said:
"There is life changer potential here people... I know everybody says that about their penny stocks, but this time it's true. We are buying a future big board stock, for pennystock valuations."
It's unlike me to say or agree with statements like this. But I echo your sentiments and recently stated that the key difference in AMFE is that they have an established sustainable business, and that's what keeps investors holding long.
Go AMFE
Rec
Didn't take long to work through those .06's! Short term, looking for .09's next.
Solid move over the past several days!
Go EDXC
Rec
L2 looking strong with solid bid support.
Go SIPC
Rec
The long awaited gap has filled. I would have liked to have seen .0028, but .0029 is close enough for many traders.
Coupled with the gap fill, MJTK could see a nice reversal from these oversold technicals.
Added for the first time in a long while.
Go MJTK
Rec
SIPC and MJTK
SIPC:
The seller using CDEL has been indecisive as of late, changing and pulling their sell points. They've had a few large orders get smashed. Perhaps once this last batch (looks like 297K shares) gets taken out, SIPC can have a smooth organic move higher.
The company certainly has the right ingredients in their product and story to have a much higher market cap. With bottling or canning of their Major Hemp Brown Ale, coupled with distribution news, I see SIPC trading at much higher levels.
MJTK:
The gap has finally filled? Would have liked to have seen it hit .0028, and maybe it will, but .0029 is good enough for most to fill the gap that's been talked about far too long. I added today for the first time in a while.
Go SIPC and MJTK
Rec
The seller using CDEL has been indecisive as of late, changing and pulling their sell points. They've had a few large orders get smashed. Perhaps once this last batch (looks like 297K shares) gets taken out, SIPC can have a smooth organic move higher.
The company certainly has the right ingredients in their product and story to have a much higher market cap. With bottling or canning of their Major Hemp Brown Ale, coupled with distribution news, I see SIPC trading at much higher levels.
Go SIPC
Rec
AMFE is absolutely killing it on Twitter with their updates!
The communication is fantastic and gives investors a sneak peak as to what's in the pipeline.
I'm not sure of any other OTC investment I've ever made that has the validity and growth potential that I see in AMFE. And I've been in some incredible mega movers.
The key difference in AMFE from every other mega runner I've been in:
AMFE HAS SUSTAINABILITY!!
SUSTAINABILITY is what keeps investors holding long positions. And that's something the bulk majority of other OTC companies lack, even if they go on mega runs...99.99% of them come back down.
Go AMFE
Rec
Low volume today shows how little it takes to move SIPC.
Seems interest has resurfaced, be it based off of technicals, or timing of potential news about bottling or canning of MHBA with distribution, it certainly is nice to see some green!
I really do like the potential here with what's "brewing" via the hemp/CBD beers.
Go SIPC
Rec
In mid post when the rest of the .0591's were taken out.
Love the action we're seeing in EDXC the last several days!
L2 is very thin. I think .06's can be worked through quite easily.
Go EDXC
Rec
There's been a large amount of shares for sale at .0591 going back a few months that has finally been chipped away.
This is a strong signal that investors are interested in having a position here in EDXC and buying up the offer.
Slowly but surely, Todd Davis has built a solid company in EDXC that is bringing in steady revenues.
I've been anticipating an uplisting for several months now. Just as the .0591's have been chipped away at, I'm believing Todd is chipping away at what he needs to do in order to properly comply and get EDXC on a higher exchange of the OTC tier levels, which can ultimately lead to a larger institutional investment.
Go EDXC
Rec
Thank you Rocketstocks,
As many have stated, you're a rock star here in AMFE and have provided great information and links to help people understand and verify what they're investing in.
I also have you to thank for bringing AMFE to my attention. I saw you share the ticker on one of the MJ boards I follow and for whatever reason, I decided to go through my regular checklist of verification and liked what I found, and started building a sizable position, then scaled in further on smaller slaps here and there once my core goal position was set.
Keep up the great work, and thank you again!
Respectfully Rec
Go AMFE
This is how shorting and naked shorting works.
Standard successful shorting example:
Imagine you have a pair of cool sunglasses. Your friend asks to borrow them and you oblige. Then someone asks your friend if they can buy those cool sunglasses and they sell them to that person for $50. Your friend now has to go out and buy the same pair of cool sunglasses so when you ask for them to be returned, you get them back. Your friend knows they can go out and buy these same sunglasses, finds them on sale for $40, returns them to you when you ask, and pockets $10.
Plug in shares of stock instead of sunglasses, and that is how a successful short position works.
Standard successful naked shorting example:
The same story as above with the sunglasses, but this time there are other people around that see your friend sell the cool sunglasses and suddenly lots of people are coming over to your friend that saw them sell the cool sunglasses and asking to buy a pair. So your friend decides, sure....$50, and I'll fed ex them to your home.
I'm this case, even though your friend knows they can go buy these sunglasses, they're actually representing a naked short position, because in essence, they're selling multiple numbers of these sunglasses that they don't actually have, and aren't 100% sure they can find enough pairs to cover the number they just sold. The friend did this because they got greedy and saw an opportunity to make some money. Again, your friend goes out, and luckily they find enough pairs to cover the number they sold, and as luck would have it, they were all on sale from multiple locations for $40 and they pocket $10 per pair of sunglasses they "naked short sold".
Plug in shares of stock again, and this is how a successful naked short position plays out.
That is the basic gist of how successful shorting and naked shorting works.
Now...this is how an unsuccessful short or naked short position can go terribly wrong:
Again, imagine the above story, but this time, as soon as your friend sells the sunglasses, some mega celebrity is seen wearing those cool sunglasses and that celebrity is tweeting about them to all their teen followers who now make a mad rush to go out and buy these awesome sunglasses. Ooops! Now your friend is competing with millions of spoiled little brats out there, rushing to buy these sunglasses. And as bad fortune would have it, all the department stores selling these sunglasses suddenly mark the price way up due to demand. Now your friend has to pay $75 per pair, and deal with the possibility that they may be sold out and they'll have to pay an even higher premium to get those sunglasses back to you, and or to everyone he "naked" sold a pair to for $50.
This is an unsuccessful short/naked position. Thus, the term "short squeeze" that you often times hear when a stock is moving higher in a very rapid succession in a brief period of time. When a short position has trouble buying stock due to supply and demand, yet they are required to return the stock they borrowed and then sold, in essence, they are forced to buy the stock at whatever price they have to, in order to return the borrowed stock they sold.
Hope this makes sense...and sorry for the long post.
As for AMFE, it's been state on the board here that there are violations on RegSho, marking short positions that have not been covered in a timely manner. Don't ask what RegSho is, lol...sigh....google this one. I'm tired now.
Go AMFE
Rec
These V shaped dips offer the best of the worst in the market.
This is as good a look at the ugly market manipulation that takes place regularly, at the cost of the average everyday investors. Market makers will take out stop loss orders on the way down as they short, and often quickly cover that short position, causing a V shape formation on the intraday chart.
In addition to taking out stop losses on the way down, this activity creates panic and worried investors who think the sky is falling, sell into the drop, fueling the sudden rapid move down.
For the investors that have "been around the block", this can be spotted a mile away and they ready their orders to add on the pullback. Once the bottom appears to be in, rapid progression and a fight to outbid or slap the ask on the way back up, fuels a quick return to previous levels, or at last more reasonable levels. For those that can accept and stomach this activity, it's the best of opportunities the market provides.
Please stick around. I believe AMFE has tremendous upside, upside that is based on solid fundamentals from real and profitable brick and mortar retail locations in Snakes and Lattes.
Add in the medical marijuana side of the business with GROzone that looks to be quickly coming out of the development stage, and entering into the practical use phase, and we have a whole new set of revenues that will be coming in by which we can develop new higher price targets based on P/E ratios and fundamentals.
Go AMFE
Rec
We should all be so fortunate to be in a position where we can make investment choices!
Those choices may not always be profitable, but to not have the option at all...
I trade primarily for myself, and am not part of any crew. However I follow and learn from many great and knowledgeable traders / investors, including Sleek.
MJTK was an opportunity for which I'm thankful for, and I still hold a sizable position.
I'm always looking for new opportunities and try to trade into free positions once I'm in, which makes it easier to hold long a solid core position. This is what I've done with MJTK. So just because some don't post as much, doesn't mean they've completely moved on.
Go MJTK
Rec
Another healthy day of share and dollar volume!
Go AMFE
Rec
Picked up low .005's, scaling in with more shares now that speculative core position is set.
Go PUPS
Rec
Another bullish aspect in the trading of AMFE: no gaps in the chart!
Gaps, although not required to fill, often times give experienced traders reason to be hesitant in taking sizable positions until the gap is filled.
Generally speaking, when an OTC company issues the caliber of news we just got from AMFE outside of market trading hours, you'll see a large opening gap in the price per share due to extreme excitement across the investment community, as traders outbid each other trying to add or initiate a new position.
The fact that there haven't been price gaps in the chart, especially with the fantastic news we've been getting, further demonstrates how bullish and healthy this uptrend has been. It suggests the presence of a very smart group of investors, and or a much stronger entity in play here, that's steadily controlling this move, so as not to let the price per share outpace the healthy move already established without gaps.
This has been one of the healthiest moves in an OTC stock that I have seen in a long time. And it's even better that it's fully justified and can be validated based on what the company has executed and communicated to their shareholder base!
Go AMFE
Rec
Todays volume relative to the price vs early April when we had similar volume. See the very bottom of the message for the volume chart.
We traded about 17 million shares between .03 - .04 on April 6. That set a solid base and AMFE traded in the .03 - .04 range for a couple days before continuing a slow and steady uptrend.
Today we traded a little over 14 million shares between .06 - .07, at almost twice the price per share as April 6, equaling much higher total dollar volume!
Just as a new base was formed in the .03 - .04 before a slow and steady continuation uptrend, we have seen the same set up in the .06 - .07 range and I believe we will see the same pattern....a slow and steady uptrend.
What will keep this pattern going?
Well, in the .03 - .04 range, the catalyst to the heavy volume we saw was a few promising tweets that lead to positive speculation.
The catalyst to the heavy volume we saw today was based on execution and official press CONFIRMING major associations / business dealings with huge public non OTC companies.
And based on information that we speculate is still coming with GROZone, continued news from Snakes and Lattes, and the uplisting goal of the company, the story only gets better and AMFE has set the precedent now with today's news that gives investors no reason to doubt what we're still speculating to come.
So I am confident that there will be a continuing uptrend based on more catalysts and a higher base established with strong volume and likely record dollar volume today.
Go AMFE
Rec
Humble mod request:
AMFE positions are growing in share count and value. I believe there are some serious gains being made, and some serious investors looking in who have yet to take positions.
As such, I believe this board deserves discussion that relates to the business at hand.
Please stay on topic per TOS outlined by this site.
Doing my best to keep the board clean while focusing on the investment we're all here to discuss.
Respectfully,
Rec
Very healthy trading is playing out in AMFE!
When a stock moves too quickly, you'll usually see a big time correction with erratic moves that attract day traders and short sellers, furthering volatility and hesitancy from new investors looking in.
We're witnessing incredible strength so far. No huge moves, minor intraday dips to consolidate, and a solid reaction to monumental news catalysts.
I like the reasonable percentage gain from the news we've received. And I like the other smaller daily gains in the 3-4% range.
This is great and healthy trading!
Go AMFE
Rec
There's challenging dynamics from traders of all experience in the OTC.
When you find a company that looks good and appears to be on the right track to developing into a solid company, you trade initially into a free position, then just hold long and follow the company.
This is what I've done with EDXC and continue holding a nice core position. As sales and revenues continue to come in, the company becomes even more attractive to the investment community.
And if all goes according to the goals Todd has set forth, we'll see that uplisting too. And that's when we can have some more serious moves.
Go EDXC
Rec
Sleek,
This is a great overview of MJTK and explains quite well the dynamics that have affected trading, and the opportunity at hand moving forward.
I still see opportunity in MJTK and am holding to see how it all comes together and plays out.
MJTK has a market cap that appears to reflect the current value of a promising company that still has work to do. If Citizens Toke with AFN technology is successfully implemented into the marketplace, then the market cap should appreciate greatly.
Standing by patiently.
Go MJTK
Rec
AMFE huge news today!! Sunday April 23, 2017
https://www.otcmarkets.com/stock/AMFE/news/AMFIL-TECHNOLOGIES-INC--PROVIDES-UPDATE-ON-SNAKES---LAGERS-INC----SNAKES---LATTES-INC--SUBSIDIARY-INCLUDING-LARGEST-PURCHASE-ORDER-TO-DATE--NEW-PARTNERSHIPS---3RD-LOCATION-CONSTRUCTION---OPENING?id=156765&b=y
AMFIL TECHNOLOGIES INC. PROVIDES UPDATE ON SNAKES & LAGERS INC. / SNAKES & LATTES INC. SUBSIDIARY INCLUDING LARGEST PURCHASE ORDER TO DATE, NEW PARTNERSHIPS & 3RD LOCATION CONSTRUCTION & OPENING
Apr 23, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide shareholders and the investment community with an update on our Snakes & Lattes Inc. / Snakes & Lagers Inc. subsidiary.
Snakes & Lattes Inc. has received its largest purchase order to date from Indigo Chapters and will be supplying approximately 10,000 units each of a number of titles we hold exclusive Canadian distribution rights to, including Exploding Kittens, Cards Against Humanity, Joking Hazard and Watch Ya Mouth.
Nintendo of Canada's PR department reached out to Snakes & Lattes Inc. to potentially partner up to create 'game nights' at the Snakes & Lattes Inc. locations to help promote and showcase the recently launched Nintendo Switch gaming console and the new game 1-2 Switch. This is a popular and highly interactive party game that showcases the system's many unique features and impressive new technology. Updates will be forthcoming once we finalize the details.
Will be warehousing, supplying and drop-shipping all orders placed on Amazon for titles that Snakes & Lattes Inc. has exclusive Canadian distribution rights to.
Snakes & Lattes Inc. will be hosting at Cineplex Rec Room in Toronto, as a pilot project 1 or 2 nights a week and will supply board game gurus and stock product to provide a library of games. Further collaboration proposals are being put together and updates will be provided on these initiatives as they develop.
Keeping up with demand on the warehouses and at the Snakes & Lattes Inc. retail locations we have currently increased staff from 90 to 100 employees. We will also be hosting a job fair and recruitment event starting next month to hire approximately 60 new staff members and have them trained before the opening of the newest, largest and third Snakes & Lattes location to date.
Construction is slated to get underway in May 2017 for a July 2017 opening for the new Yonge & Eglinton location. Our lease on the location has been negotiated to ten years.
Amfil Technologies Inc. is very pleased and excited with the progress that the Snakes & Lattes Inc. & Snakes & Lagers Inc. subsidiary has made to date. Further updates on company developments for all the Amfil Technologies Inc. subsidiaries can be 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 Snakes & Lattes Inc. please visit www.snakesandlattes.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 bars and cafes 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
Report TOS
AMFE huge news today!! Sunday April 23, 2017
https://www.otcmarkets.com/stock/AMFE/news/AMFIL-TECHNOLOGIES-INC--PROVIDES-UPDATE-ON-SNAKES---LAGERS-INC----SNAKES---LATTES-INC--SUBSIDIARY-INCLUDING-LARGEST-PURCHASE-ORDER-TO-DATE--NEW-PARTNERSHIPS---3RD-LOCATION-CONSTRUCTION---OPENING?id=156765&b=y
AMFIL TECHNOLOGIES INC. PROVIDES UPDATE ON SNAKES & LAGERS INC. / SNAKES & LATTES INC. SUBSIDIARY INCLUDING LARGEST PURCHASE ORDER TO DATE, NEW PARTNERSHIPS & 3RD LOCATION CONSTRUCTION & OPENING
Apr 23, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide shareholders and the investment community with an update on our Snakes & Lattes Inc. / Snakes & Lagers Inc. subsidiary.
Snakes & Lattes Inc. has received its largest purchase order to date from Indigo Chapters and will be supplying approximately 10,000 units each of a number of titles we hold exclusive Canadian distribution rights to, including Exploding Kittens, Cards Against Humanity, Joking Hazard and Watch Ya Mouth.
Nintendo of Canada's PR department reached out to Snakes & Lattes Inc. to potentially partner up to create 'game nights' at the Snakes & Lattes Inc. locations to help promote and showcase the recently launched Nintendo Switch gaming console and the new game 1-2 Switch. This is a popular and highly interactive party game that showcases the system's many unique features and impressive new technology. Updates will be forthcoming once we finalize the details.
Will be warehousing, supplying and drop-shipping all orders placed on Amazon for titles that Snakes & Lattes Inc. has exclusive Canadian distribution rights to.
Snakes & Lattes Inc. will be hosting at Cineplex Rec Room in Toronto, as a pilot project 1 or 2 nights a week and will supply board game gurus and stock product to provide a library of games. Further collaboration proposals are being put together and updates will be provided on these initiatives as they develop.
Keeping up with demand on the warehouses and at the Snakes & Lattes Inc. retail locations we have currently increased staff from 90 to 100 employees. We will also be hosting a job fair and recruitment event starting next month to hire approximately 60 new staff members and have them trained before the opening of the newest, largest and third Snakes & Lattes location to date.
Construction is slated to get underway in May 2017 for a July 2017 opening for the new Yonge & Eglinton location. Our lease on the location has been negotiated to ten years.
Amfil Technologies Inc. is very pleased and excited with the progress that the Snakes & Lattes Inc. & Snakes & Lagers Inc. subsidiary has made to date. Further updates on company developments for all the Amfil Technologies Inc. subsidiaries can be 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 Snakes & Lattes Inc. please visit www.snakesandlattes.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 bars and cafes 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
AMFE (Sunday April 23) best news I've read in a long time for an OTC stock!
Link back to the post I'm responding to for the press release.
Go AMFE
Rec
Amazing news! Wow, knew something was up, 200 new posts here since last check.
Surprised, not surprised. Many knew this kind of news was coming. But it's still great to officially have it with details and names of the non OTC companies involved.
AMFE and its Snakes and Lattes business model has all the makings of a large franchise build out.
What other OTC companies have about 100 employees and 60 more to come?
What other OTC company has business dealings with big time non OTC public companies?
I'm really liking AMFE and to think we still have tremendous opportunity for growth potential with GROzone.
It's going to be a pretty exciting journey to see AMFE grow as well as our investment!
Go AMFE
Rec