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The company has been <u>heavily reinvesting profits to</u>

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Amfil Technologies Inc. Provides General Overview on New Year 2018's Immediate and On-Going Focus for the Company "InvestorsHub NewsWire" - 1/3/2018 9:36:49 AM
Amfil Technologies Inc. Provides a Summary of the 2017 Company Accomplishments & Milestones Hit to Date "InvestorsHub NewsWire" - 12/21/2017 9:07:43 AM
Amfil Technologies Inc Provides Update on the Snakes & Lattes Board Game Publishing Division "InvestorsHub NewsWire" - 12/13/2017 9:13:47 AM
Amfil Technologies Announces New Tier Of Franchise Licensing Called The Master Franchising Program For Strategic Expansion "InvestorsHub NewsWire" - 12/7/2017 8:23:21 AM
Amfil Technologies Inc. Provides Shareholder Update (New Location Midtown Opening Tomorrow / Audit Process Update) "InvestorsHub NewsWire" - 12/5/2017 9:34:51 AM
Amfil Technologies Inc. Is Pleased To Announce The Opening Date For 'Midtown', The Third & Largest Snakes & Lattes "InvestorsHub NewsWire" - 11/8/2017 8:10:27 AM
Companies Vying for a Share of the Fast-Growing Medicinal Cannabinoid Market "NetworkNewsWire" - 11/1/2017 8:45:00 AM
Amfil Technologies Inc. Announces The Acquisition of Natural Stuff Inc., Distributors of 28 Black Amongst Other Products "InvestorsHub NewsWire" - 11/1/2017 8:26:29 AM
Amfil Technologies Inc. Announces Fiscal Q1 2018 Revenues up 20,619% Year Over Year to $5,900,346 "InvestorsHub NewsWire" - 10/23/2017 8:35:35 AM
Amfil Technologies Inc. Provides Update on Audit Completion, Uplisting / Dividend, Franchising and General Company Operations... "ADVFN NewsWire" - 10/17/2017 9:05:00 AM
Flitways Technology, Inc. (OTC Pink: FTWS), Perfect Acquisition Target for Uber or Lyft "ADVFN NewsWire" - 10/17/2017 8:38:00 AM
Amfil Technologies Inc. Provides North American Franchising Guidance for Snakes & Lattes Inc. "InvestorsHub NewsWire" - 9/27/2017 8:13:08 AM
Amfil Technologies Inc.'s Snakes & Lattes Subsidiary To Begin Hosting Game Nights at the Rec Room Toronto Roadhouse "InvestorsHub NewsWire" - 9/18/2017 8:15:03 AM
Amfil Technologies Inc. Announces the Opening of the First Snakes & Lattes Inc. Franchise Location "InvestorsHub NewsWire" - 9/13/2017 8:10:38 AM
Amfil Technologies Inc.'s GRO3 Subsidiary is in The Process Of Finalizing the Proposed Roll-Out Plans For 14,000 Sq. Ft. Area "InvestorsHub NewsWire" - 9/5/2017 8:24:08 AM
MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing "InvestorsHub NewsWire" - 8/30/2017 10:29:33 PM
Amfil Technologies Inc. Discusses Upcoming 300M Authorized Share Count Reduction "InvestorsHub NewsWire" - 8/29/2017 8:13:44 AM
PotNetwork Holdings, Inc Confirmed for MJAC 2017 "InvestorsHub NewsWire" - 8/28/2017 10:43:55 AM
MJAC 2017 International Cannabis Conference - Discount Code "InvestorsHub NewsWire" - 8/25/2017 6:50:56 PM
Book your ticket now for InvestorsHubs International Cannabis Conference "InvestorsHub NewsWire" - 8/23/2017 12:50:25 PM
Amfil Discusses the Plan & Status for the Franchising of the Snakes & Lattes Inc. Subsidiary and Expansion of the Game Division "InvestorsHub NewsWire" - 8/22/2017 8:15:06 AM
MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market "InvestorsHub NewsWire" - 8/22/2017 1:27:13 AM
Amfil Technologies Inc. Announces 2017 Fiscal Year End Revenues of $6,630,973 USD; Up Almost 2400% Over FYE 2016 "InvestorsHub NewsWire" - 7/31/2017 8:11:42 AM
Amfil Technologies Inc. Announces Purchase Order Commitment for EcoPr03 GRO3 Systems & Roto-Gro Units "InvestorsHub NewsWire" - 7/20/2017 8:26:58 AM
Rocketstocks Member Level  Friday, 11/10/17 02:33:13 PM
Re: Lawton21 post# 71632
Post # of 91887 
The company has been heavily reinvesting profits to fuel its expansion since Fiscal 2017. The significant profit increases posted in our recent Q1 2018 financials are a direct result of reinvesting profits to aggressively expand the Snakes & Lattes distribution business last year.

The company continued to reinvest profits into the expansion of operations through Q1 2018. Staff training, construction, administrative, and general expenses have been increased due to the upcoming opening of the new 'Midtown' Snakes & Lattes location. This has resulted in the net income being temporarily suppressed, yet still profitable as we position the company for increased revenues and profitability moving forward. The increased staff training costs, and a large portion of the general and administrative costs will be optimized once the 'Midtown' location begins generating revenues, which is expected in the coming weeks, resulting in increased profitability and net income.

The Fiscal Q1 2018 revenues have made a powerful statement. The revenue and gross profit numbers truly confirm the effectiveness and sustainability of the company's growth strategy. The company remains on a clear upwards trajectory with increasing momentum in terms of revenues, profits, expansion, and diversification of revenue streams. The company continues to post quarter over quarter growth, which have now almost paralleled revenues of our most recent entire Fiscal Year End. Combined with the aggressive expansion of all business divisions, the company has positioned itself for continued growth and increased profitability throughout Fiscal 2018 and into the foreseeable future.

http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Fiscal-Q1-2018-Revenues-up-20-619--Year-Over-Year-to--5-900-346-Setting-A-New-Quarterly-Financial-Record-For-The-Company?id=173018&b=y


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