Low Floaters Paradise

[Ringrock]

AMFE Float set for lock!!! Just getting started$$$$$


AMFE. PAST growth is 2.400%, not some hyped "potential" growth!

AMFE came out with EARLY earnings for the June 30 year that just ended. And guidance for the new year that is only one month old.

To recap it in SHORT summary (The long news release is WORTH reading, but long) here are some highlights of the year end earnings report. Bold parts are my emphasis.

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Amfil Technologies Inc. posted revenues of $6,630,973 for our FYE 2017 up 2376% from Fiscal Year 2016 which posted $279,045 in total revenue.

The company saw a gross profit of $3,678,780 and a net income of $248,679.

The company as at year end of June 30th 2017 had $267,257 in cash, $4,691,097 in inventory and $6,599,844 in total assets.

Fiscal 2017 was one of the busiest years on record for the downtown locations, with waiting lists and line ups of customers interested in enjoying the venues and total customer numbers up approximately 20% across the board in comparison to their year prior.

Distribution Arm, Fulfillment and Online Sales (Fiscal Year 2017)

Warehouse space increased from 3500 to 8000 sq. ft. to accommodate the rapidly increasing distribution volumes.

Grand opening of Midtown (3rd Location) will be announced shortly and is scheduled for the first week of September. Management projects $3-$4M in additional revenue by year end once Midtown is operational. Currently exploring real estate in Vancouver for the opening of retail location #4.

In Fiscal 2017, the Distribution Sales Team identified a starting 2000 potential accounts as new immediate targets for distribution sales. The sales team has now reached a total of 500 accounts of the targeted 2000 with multiple new orders to be shipped in August and most of these new accounts being opened in the month of July being fiscal Q1 2018.

We have received orders of approx. $1,500,000 in distribution and fulfillment sales in July already, being our fiscal Q1. Given the increase in the distribution and fulfillment division in the first weeks of Q1, management expects an extremely high growth revenue based Q1 financial statement with exponential year over year growth, (this will be the next earnings report, out in November. Awesome numbers coming then TOO)

This division just received an order for two shipping containers of product, approx. 32,000 units of games the company holds the exclusive distribution rights to in Canada. This single order was received from Amazon and is valued at over $650,000 CAD. This order is over and above recently announced orders. This shipment will be fulfilled in August (so also 1st quarter revenues, for November earnings report.)

Interloc-Kings Inc. Subsidiary

Spinoff & Dividend details coming to sync with audit completion and up-listing.

Reduced total outstanding common share count from 664,493,098 to 473,895,499 in fiscal 2017.

The company intends to keep the share count below 500M throughout Fiscal 2018 . The company will reduce the authorized share count down from 900M in order to better reflect the cap we would like to have on the outstanding going forward

Thus far into Q1 of Fiscal 2018 (1 month into the new year and new quaretr) we are already hitting revenue figures that exceed the revenues of entire quarters of Fiscal 2017. Our management team is very pleased to say the least with the results thus far and the trajectory that the company remains on into Fiscal 2018. As we look into Fiscal 2018 with eager anticipation and excitement

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Can you get any better than that???? Awesome revenues, positive earnings, amazing growth already, and yet one month into this new year they have more in revenue than in complete quarters last year (Which was the amazing year we are saying was great). A dividend coming (Not many pennies do that) and firing on all cylinders. As I mentioned before - my #1 stock. I own more of this than BVTK, OTTV, or any of the others I am in. And tomorrow I hope it makes me VERY happy. I know ... sometimes people "sell on news". If it doesn't explode tomorrow, it WILL come, as this is FUNDAMENTALS, not hype or hope. Already there, and growing NOW.

THE stock to be in. More than just my biased opinion, but backed by things like this report. smile




Here it is!
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-2017-Fiscal-Year-End-Revenues-of--6-630-973-USD--Up-Almost-2400--Over-FYE-2016?id=165770&b=y

Amfil Technologies Inc. Announces 2017 Fiscal Year End Revenues of $6,630,973 USD; Up Almost 2400% Over FYE 2016

Jul 30, 2017
OTC Disclosure & News Service

Toronto, ONT, Canada -

Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide our shareholders with an in-depth summary of our FYE 2017 and provide guidance on Fiscal Year 2018 including an update on Q1 2018 progress thus far.


Amfil Technologies Inc. posted revenues of $6,630,973 for our FYE 2017 up 2376% from Fiscal Year 2016 which posted $279,045 in total revenue. The company saw a gross profit of $3,678,780 and a net income of $248,679. The company as at year end of June 30th 2017 had $267,257 in cash, $4,691,097 in inventory and $6,599,844 in total assets.



Snakes & Lagers Inc. / Snakes & Lattes Inc. Acquisition & Impact on the Financial Statements

Subsequent to the announced L.O.I. on April 4th 2016, the company closed the acquisition and announced the definitive agreement on September 28th 2016.

This subsidiary has had a tremendous impact on the financial statements since Fiscal Q2 2017. While the net income of $248,679 may not appear significant, the sales of $6,630,973 allowed the company to execute its expansion plan for each subsidiary and continue to run at a profit. Snakes & Lattes Inc. has been operating with an increased staffing cost since Q4 due to the training of staff members for the new location. All of the new managers and some new staff members have been hired and have been training in the existing locations for the past few weeks, working towards the approximately 70 additional employees which will be required to staff the 3rd and largest location opening first week of September, dubbed Midtown. Staff totals for the Snakes & Lagers Inc. / Snakes & Lattes Inc. subsidiary are now at 126 members. These costs, as well as costs for professional fees and construction, have been injected into the location to ensure that the opening of Midtown proceeds as planned and immediately begins generating revenue. In addition, the subsidiary has been adding strength to the distribution and fulfillment division in preparation for further expansion into Fiscal 2018, with large revenue increases projected as a result.



Further Breakdown of the Snakes & Lattes Inc. Subsidiary



Storefront Locations, College & Annex (Fiscal Year 2017)

The popularity and patronage of the bustling Snakes & Lattes Inc. storefront locations continues to surge at a tremendous rate. Fiscal 2017 was one of the busiest years on record for the downtown locations, with waiting lists and line ups of customers interested in enjoying the venues and total customer numbers up approximately 20% across the board in comparison to their year prior.

This division includes retail distribution, cover charges, food and drink
Snakes & Lattes College contributed $2,753,264.52 CAD in revenue by itself.
Snakes & Lattes Inc. (Annex and Distribution combined) contributed $5,059,639.65 CAD in additional revenue over and above College


Distribution Arm, Fulfillment and Online Sales (Fiscal Year 2017)

The thriving high-volume distribution business grew at an impressive rate during fiscal 2017, and has positioned itself for further growth by upgrading infrastructure and developing new partnerships and customer accounts. Key points from Fiscal 2017 include:

Warehouse space increased from 3500 to 8000 sq. ft. to accommodate the rapidly increasing distribution volumes.
Increased warehouse staff and new managerial positions filled.
Snakes & Lattes Inc. was awarded multiple exclusive distributorships during fiscal 2017 for a number of the most popular game titles in the world. The Canadian and International distributorships fueled the growth of the distribution arm exponentially.
Secured multiple new accounts with major retailers to supply their board game inventory.
Received largest single order to date valued at approximately $1.25 Million.


Storefront Locations, Midtown Opening (Q1 to Date & Guidance)

Grand opening of Midtown will be announced shortly and is scheduled for the first week of September due to minor design alterations and additions.
Commenced the intake of additional staff in Q4 2017 and Q1 2018 to prepare for the opening of Midtown. These new employees have been training at the existing Snakes & Lattes retail locations with experienced team members to ensure we are fully prepared for Midtown opening day. Our staffing costs will reduce once Midtown is opened and further revenue generation can begin from the third location.
Midtown will be the flagship location where the expectations and standards are set for future locations and/or potential future franchise holders building requirements.
Management projects $3-$4M in additional revenue by year end once Midtown is operational.
Currently exploring real estate in Vancouver for the opening of retail location #4.
Management working through the strategy for mass expansion into the USA, and the requirements to commence leasing franchises, which are both targeted for Fiscal 2018.


Distribution Arm, Fulfillment and Online Sales (Q1 to Date & Guidance)

In Fiscal 2017, the Distribution Sales Team identified a starting 2000 potential accounts as new immediate targets for distribution sales. The sales team has now reached a total of 500 accounts of the targeted 2000 with multiple new orders to be shipped in August and most of these new accounts being opened in the month of July being fiscal Q1 2018.
The Sales Team has accelerated their efforts to close the remaining 1500 of these initially targeted accounts, which has become a smoother process as the brand increases in visibility and more exclusive distributorships are obtained.
Exclusive distributorships are expected to substantially increase the fulfilment business even further into Fiscal 2018. Management is currently working through the required logistics and planning to expand distribution further internationally.
We have received orders of approx. $1,500,000 in distribution and fulfillment sales in July already, being our fiscal Q1. Given the increase in the distribution and fulfillment division in the first weeks of Q1, management expects an extremely high growth revenue based Q1 financial statement with exponential year over year growth, delivering exceptional value to our shareholders.
This division just received an order for two shipping containers of product, approx. 32,000 units of games the company holds the exclusive distribution rights to in Canada. This single order was received from Amazon and is valued at over $650,000 CAD. This order is over and above recently announced orders. This shipment will be fulfilled in August to both their Ontario and B.C. warehouses.
This division will play a large part in our efforts and expectations of the company at least doubling revenues over the next twelve months.



GRO3 Subsidiary (Fiscal 2017)

The GRO3 subsidiary made massive strides towards full market expansion throughout Fiscal 2017, finishing off the year with a commitment to outfit a portion of an up and coming new marijuana cultivation facility with EcoPrO3 GRO3 as well as RotoGro units. This monumental step for the GRO3 sales team has resulted in a massive influx of industry interest, and will propel the GRO3 technology as it continues to penetrate the industry into Fiscal 2018.

Upgraded technology and launched the EcoPrO3 Antimicrobial System.
EcoPrO3 product line passed product review by accredited USDA Certifying agent PCO.
EcoPrO3 technology obtained patent pending status.
Ramped up sales, marketing and advertising.
Entered into initial Agreement with Roto-Gro Worldwide to market and integrate EcoPrO3 with the Roto-Gro Hydroponic systems.
New local office and technical workshop opened in Ontario.
Began and continue discussions with a California Corporation to outfit a new marijuana cultivation facility on a 10 acre property in Northern California, along with other cultivators, processors and industry partners.
Received commitment to purchase 5 EcoPrO3 GRO3 units and 100 Roto-Gro hydroponic systems. Estimated value of this purchase order is $1.15 Million USD.


GRO3 Subsidiary (Q1 to date & Guidance)

Subsidiary has been rebranded to GRO3 with new website which we expect to launch in August.
Increased sales, marketing and advertising campaign to launch.
Will be featured in a number of industry related publications over the coming months.
Organizing manufacturing and order fulfillment logistics for customer requirements, including the parties involved in the outfitting of the new Ontario Cultivation Facility.
Working to finalize agreements to supply a number of facilities with GRO3 EcoPrO3 Antimicrobial Systems and Roto-Gro Hydroponic Systems, including the grow facility in Northern California.
The GRO3 Sales Team has received increased interest over the past month through word of mouth from industry connections. These leads are constantly being explored, with additional meetings organized and free consultations from our technical teams to ascertain the most effective solution for the individual clients needs. As a result, we anticipate a steady increase in EcoPrO3 and Roto-Gro sales moving forward into Fiscal 2018



Interloc-Kings Inc. Subsidiary

Spinoff & Dividend details coming to sync with audit completion and up-listing.



Amfil Technologies Inc. Capital Structure

Issued 29,088,235 shares in Q4 for a combination of cash, services and reduction of debt, bringing the Outstanding Common Share Count to 473,895,499
Reduced total outstanding common share count from 664,493,098 to 473,895,499 in fiscal 2017.
Received a little over $600,000 USD cash committed at a fixed market price of .09 per share which was the closing market price at the day of the transaction to increase the speed of expansion and distribution.
Allowed for the reduction of overhanging debt
Allowed for the payment of some services without burning expansion cash
The company intends to keep the share count below 500M throughout Fiscal 2018
The company will reduce the authorized share count down from 900M in order to better reflect the cap we would like to have on the outstanding going forward.



In Conclusion

Fiscal 2017 has been by far, the largest grossing, and most growth driven fiscal year in company history. During this year, the company has made substantial investments into the future revenues, including the funding of the new Snakes & Lattes Midtown location plus the additional staffing requirements, the investments into the distribution arm of the subsidiary and the funding of the GRO3 subsidiarys expansion of operations. These investments in the future have positioned the company for an even larger grossing Fiscal 2018, continuing the companys pattern of quarter over quarter, and year over year revenue growth.

Thus far into Q1 of Fiscal 2018, we are already hitting revenue figures that exceed the revenues of entire quarters of Fiscal 2017. Our management team is very pleased to say the least with the results thus far and the trajectory that the company remains on into Fiscal 2018. As we look into Fiscal 2018 with eager anticipation and excitement, we would like to once again thank our loyal shareholders for their support throughout this overwhelmingly successful year. We will continue to work diligently to increase shareholder value throughout Fiscal 2018.



For more information regarding the company please visit www.amfiltech.com and follow us on twitter for further updates from the company @AmfilTech



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