QuoteChartsCompany ProfileNewsFinancialsFilings and DisclosureShort SalesInsider DisclosureResearch ReportsVideos and Presentations
AMFE
Amfil Technologies Inc.
Common StockAlternative Reporting
Pink Current Information
0.080.003 (3.90%) at 15:59:46 EST
Real-Time Best Bid & Ask0.077 / 0.08 (1 x 1)Why is size 1?
OTC Disclosure & News Service
« Back to News Headlines
Amfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) announced late last year that we had developed and intended to execute on a 2017 Growth Strategy to expand the company via the development of our existing subsidiaries, strategic partnerships, acquisitions, the development of our technologies and general market reach. We are now nearly at the halfway point into 2017 and are pleased to provide a general six month summary of the results we have achieved so far under the strategy and has been publicly disclosed to date, with further accomplishments and updates to be announced shortly. We also provide brief updates on operations which have been mentioned but not elaborated on further as of yet.
Amfil Technologies Inc. (AMFE) highlights the last 6 months:
The recently acquired Snakes & Lagers Inc. and Snakes & Lattes Inc. subsidiary posted over $7.35M CAD in revenue with $1.6M CAD in gross profits last year.
Back to back quarterly revenue increases of 4500% and 26,600% respectively past two quarters year over year.
Completed a 47% reduction in our Issued and Outstanding Share Count
Received exclusive distribution rights in Canada and other international regions to a number of the most popular and well known board game titles in the world.
Expanded warehouses total capacity and increased staff to accommodate the expansion.
Increased inventory to over $4.8M in preparation for the expected near term purchase orders.
Received the largest purchase order to date for exclusively held titles in Canada from Indigo / Chapters.
Began shipping game products for the $1.25Million CAD deal with large retailer.
Set-up working relationship with Cineplex/Rec-Room
Working with Nintendo Canada on developing Nintendo Switch game nights at the Snakes & Lattes Inc. locations.
Partnered with U.S. Fulfillment Houses Game Salute, Cool Stuff Inc., funagain.com
High Volume retail sales continues through Amazon
Mill Street Brewery developed Secret Alliance beer in conjunction with Snakes & Lattes
Snakes & Lattes became popular location for the television & film industries, hosting shows such as Property Brothers.
Signed 10 year lease and began construction on the 3rd Snakes & Lattes Inc location for Toronto which will be the largest to date at approx. 10,000 sq. ft. with outdoor patio.
Increased staff from 90-100 employees with short term goal of approximately 160 by July.
The GROzone mPact Antimicrobial System was rebranded to EcoPrO3 and added upgrades including; All stainless-steel construction; Greater flexibility to scale system up or down, depending on facilitys application requirements; Ability to integrate into existing facility monitoring/control systems; Ability to control/monitor remotely via the internet.
Added talent to sales and marketing teams to drive sales and brand exposure.
Signed agreement with Roto-Gro International (ASX:RGI) to integrate and distribute the GROzone EcoPrO3system with the Roto-Gro hydroponic systems. Further updates relating to the agreement will be announced as the deal progresses.
GROzone EcoPrO3 passed product review through Pennsylvania Certified Organic.
Received patent pending number #62472210.
Ku-Kum opening covered by CBCs The National.
Selected RBSM as our auditors to continue where our previous auditors left off from the filed 2014 10K to become fully reporting in order to automatically uplist to the OTCQB with intention to move up to OTCQX once our share price supports the move.
Initiatives mentioned, but not yet expanded on in the past 6 months:
Retiring 20 Million additional shares from the issued and outstanding share count We are in the process of retiring the 20M shares from the outstanding in exchange for preferred.
