AMFE Huge 1.25 millions purchase order almost finalized plus big shareholder PR coming on friday.
May 23, 2017
OTC Disclosure & News Service
Toronto, ONT, Canada - AMFIL TECHNOLOGIES INC. ANNOUNCES THAT OUR SNAKES & LATTES INC. SUBSIDIARY IS FINALIZING A $1.25 MILLION CAD PURCHASE ORDER FOR A POPULAR GAME TITLE THAT WE HOLD THE EXCLUSIVE DISTRIBUTION RIGHTS TO IN CANADA, PARTIAL SHIPMENTS ON THE TOTAL ORDER HAVE BEGUN
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to announce that our Snakes & Lattes Inc. subsidiary is in the final process of closing a purchase order with a large name-brand box store to sell approx. 50,000 units of a single title we hold exclusive distribution rights to in Canada. Partial shipments towards the total order have begun. It is estimated that Amfil Technologies Inc. will realize an approximate total revenue of $1.25 million CAD from this one purchaser for this one specific game title.
It is estimated that this retailer will be able to move approximately 50,000 units of this particular game title on an annual basis and will therefore be placing recurring orders through us accordingly moving forward.
They will also be purchasing other game titles in which we hold the exclusive distribution rights to and we are in the process of finalizing the number of units and price points on these additional titles. Further details relating to game titles, price points, and involved parties will be disclosed as the total distribution deal comes to a close, shipments are completed and parties give their consent.
Given the recent developments within the distribution arm of our Snakes & Lattes Inc. subsidiary, Amfils management team expects the exclusive game title distributorships to have a significant impact on revenue growth going forward.
