AMFE + Walmart: Amfil Technologies Inc. Announces A Firm PO Received From Walmart For Multiple Of The New In-House Published Game Titles From the Recently Acquired 'Morning' Subsidiary
TORONTO, ON, July 09, 2018 (GLOBE NEWSWIRE) -- Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to announce that it has received multiple purchase orders
for upcoming game titles published by its newly acquired subsidiary, Morning. This includes a pilot project through Wal-Mart which includes a firm initial purchase order for over 10,000 units of each of the highly anticipated game titles. This initial purchase order has a USD value well into the six-figure range.
In order to protect the company and its customers’ information to price-points, margins, and purchasing power, the exact dollar values and order sizes will not be disclosed at this time. However, the company will assert that the high-volume purchase order from Wal-Mart, and other retailers, is a strong indication of the traction that the upcoming game titles have already gained and confirms the confidence that major retailers have in Morning as a supplier. The pilot project with Wal-Mart is set to commence shortly as the newly published games are delivered towards the end of summer. The company anticipates that this will be a continued long and profitable relationship for both parties.
The upcoming game titles being published by the recently acquired Morning subsidiary are currently being produced by game manufacturer, Panda Game (www.pandagm.com/). Panda Game is one of the largest and highest acclaimed board game manufacturers in the world. Over the years, Morning has developed a strong working relationship with Panda Game due to their high-quality manufacturing and quick turn-around times. Due in large part to the highly successful Kickstarter campaign for Kill the Unicorns, positive reviews from game industry influencers, and high anticipation from the public, Morning has opted to print large quantities of each game. This will reduce the cost per unit, increase margins, ensure that initial demand is met, and also ensure that there will be no shortage of game supplies as we approach the next holiday season.
As mentioned in recent press, the all-cash acquisition of the Morning board game publishing and distribution company was completed at the end of May. The Morning acquisition was completed for $150,000 Euros and included all of the company assets minus all debt and/or liabilities as they were extinguished by the Tribunal in France prior to the acquisition. Morning has now been fully integrated into Amfil Technologies Inc. The company has created a separate entity in France called 'Snakes & Lattes Publishing SAS' which now owns all of Morning's assets including trademarks, websites, and all the game titles and intellectual property (IP) etc.
The company views the above mentioned initial purchase orders through Morning as strong verification that the acquisition of the established publisher/distributor will be a significant source of revenues, contributing to the company’s bottom line and increasing shareholder value.
Shareholders can expect additional company announcements shortly.
For more information regarding the company, please visit www.amfiltech.com and follow us on Twitter for further updates @AmfilTech.
For more information on Snakes & Lattes Inc. please visit www.snakesandlattes.com
For more information on GRO3, please visit http://gro3systems.com/
For more information on Natural Stuff Inc., please visit https://www.naturalstuffinc.com/
For more information on Interloc-Kings Inc., please visit http://www.interloc-kings.com/
Amfil Technologies, Inc. is the parent company to four wholly owned subsidiaries.
1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 3 tabletop gaming bars and cafes located in Toronto, Ontario that brought in over $7M CAD in revenue last year. The company is in the process of franchising throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 100+ member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world. The company also operates a lucrative fulfillment and distribution division and has recently entered into the board game publishing business which is expected to add significant revenues to the bottom line. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com.
2). The EcoPr03 GRO3 Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. The system is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility's water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today. This environmentally-friendly solution also eliminates odors, while slightly reducing the air temperature, lowering energy consumption by the HEPA filtration and HVAC systems and could potentially allow for a facilities process to be labeled certified organic in the U.S.A. when the crop is no longer considered illegal on the federal level, otherwise "Clean Green" or "Certified Kind" in the meantime. The EcoPr03 GRO3 Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. The subsidiary has developed a strategic partnership with Roto Gro, the creator of proprietary rotary hydroponic technology. More information on this product line can be found on the www.gro3systems.com website or on twitter @GRO3Systems.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, North America's premier manufacturer of concrete interlocking paving stones and segmental wall products. Interloc-Kings Inc. has an A+ Rating with the Better Business Bureau (BBB) and a 10/10 rating on homestars.com. Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas in the GTA. More information on this subsidiary can be found at the website www.interloc-kings.com.
4). Natural Stuff Inc. For over 20 years, Natural Stuff Inc. has been distributing high-quality, value products. Since 1994, the business and delivery system have been satisfying grocery, chain, discount department, and convenience store customers. Wholesalers, vending and catering services are some of our best clients. Natural Stuff Inc. is always searching for new and exciting snack food & drink products to boost in-store sales and drive business.
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This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should,", "will", "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Amfil Technologies Inc.
Telephone: (647) 880-5887