Amfil Technologies Inc (FUNN)

[Sobek]

Amfil Technologies Inc.

OTC Pink Current: AMFE - Outstanding shares 665,000,000, CEO Owned 350,000,000, Float 168,000,000

Their annual report shows improved numbers, stability, and NO going concern clause. $279,000 reported revenues, $232,000 in convertible debt and 30.5 million restricted shares issued for it but nothing reported due.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=161518

Float is low for the pps imo and has remained the same for at least a year (I didn't look further), no r/s history, 465 reported shareholders, no reported toxic debt, minimum debt, and bouncing off 52 week lows.

The company has four existing subsidiaries including

1). System and service provider to medicinal marijuana industry

The Company has entered into a Joint Venture Agreement to acquire 50% ownership in the mPact GROZONE Antimicrobial Systems and worldwide exclusive distribution rights. A.C.T.S. Inc. is a systems and service manufacturer of mPact GROZONE Antimicrobial Systems which is an exclusive application specifically designed to meet the needs ofthe marijuana industry, including marijuana cultivation and extractor edible processing facilities. The mPact GROZONE Antimicrobial  Systems was developed from the existing mPact technology which services primarily the food and beverage industry and has successfully installed numerous high performing units in the Food/Beverage and Fresh Produce Industries with clients such as Sysco Foods, Nestles, Sun Pacific, Thornbury Apple Cidery, etc.

http://grozone.biz/

2). Landscape construction and snow removal services

InterlocKings Inc. was incorporated in the Province of Ontario in April 2009 and was 100% owned by Roger Mortimer. Over the last four years, clients and revenues have consistently increased. The business leases many trucks, tools, machinery and equipment to facilitate the growing business all while paying the employees and owner salaries and having no outside funding or capital ever injected into the business.

http://www.interloc-kings.com/

3). Recently acquired Snakes & Lattes & Lagers

Amfil Technologies Inc. (AMFE) anticipates a conservative estimate of $2-$3 Million of immediate annual revenue which will be reflected on the Q2 financials. Further to the popularity of the current Snakes & Lagers locations and online sales, Amfil Technologies Inc. has received a great deal of interest from entrepreneurs throughout North America, looking to purchase Snakes & Lattes franchises since the release of the LOI in April 2016. Amfil Technologies Inc. anticipates the revenue estimates of $2-$3 Million to grow considerably through the expansion of the retail, online and franchise divisions.

Snakes & Lattes offers a full menu of food & drink alongside a library full of games. Delivered by savvy baristas, creative bartenders, a talented kitchen staff, and table side service, the staff are available to help guests not only by making suggestions of the menu but also of the games. A $5 admission provides access to a public library of games, with a diversity from the classics to the modern, from dexterity to trivia, from strategy to party. Whether you come for a thirty-minute Jenga duel or for an afternoon of Eldritch Horror, Snakes & Lattes is happy to host you.

Guests can choose and play any number of the available titles that pique their interest. If picking a game ever feels like a daunting proposition, guests can invite the services of a game guru: mystical, benevolent beings that Snakes & Lattes employs to recommend and teach games.

Beyond the menu and the games libraries, Snakes & Lattes also offers a vast retail selection, whether you prefer to shop in store with the help of our staff or online with free Canadian shipping.

http://www.snakesandlattes.com/

4). Gold exploration in Guyana with exploration funds in place

The Company owns the rights to Medium Scale Prospecting Mining Permits to 9 sites totaling approximately 10,300 acres in Guyana for exploration of gold. Eight of these properties (“Appororo Sites”) arelocated in the Guyana Aurora Mineral Property District within approximately 3 to4 kilometers from the Aurora properties of Guyana GoldFields Inc.The other mining permit (“Iman Property”) is located on the Guyana KokerieMineral Property Site. AMFE’s properties are partof The Guiana Shield, the northern part of theAmazon Craton, one ofthe largest carbonic areas in the world.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=161518

Recent news

Amfil Technologies Inc. Signs L.O.I. to Acquire Snakes & Lagers Inc; Anticipates $2 Million - $3 Million in Additional Annual Revenue

http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Signs-L-O-I--to-Acquire-Snakes--amp--Lagers-Inc--Anticipates--2-Million----3-Million-in-Additional-Annual-Revenue?id=128664&b=y

Amfil Technologies Inc. Closes Acquisition of Snakes & Lagers Inc.

https://www.accesswire.com/viewarticle.aspx?id=446126

http://www.amfiltech.com