Amfil Technologies Inc (FUNN)

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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.