Amfil Technologies Inc (FUNN)

[Felo31]

I think the acquisition is a good idea. It was bought very cheap, (750,000 x .18= $135,000) with the promise to reach $18 mill in revenue, and the potential to grow even further if grown in tandem to S&L. (As the franchises grow, distribute the product to more locations etc.)

That said, this is not another S&L. With this i mean that this is not another “game changer”. It is a small company that can be grown to add more revenue to the bottom line. That is, this is Amfil doing what Amfil does:

“Amfil Technologies Inc. is a publicly traded entity, trading on the OTC Markets Exchange under the ticker symbol AMFE. Amfil took a new business approach beginning in 2013 when management changed. Amfil now focuses primarily on the acquisition of income generating private companies and optimizing their operations under the Amfil Technologies umbrella.
Amfil is focused on growing shareholder value by allowing investors access to self-sustaining small to medium sized businesses with proven profitable strategies, and identified as having substantial potential for future growth. Amfil seeks to achieve long-term financial returns consisting of regular dividend income, benefiting from preferential tax treatment, and expecting modest mid-to-long term capital growth. Amfil Technologies primarily invests in small to mid-sized companies with above average service capacity, growth potential or existing market share”