Amfil Technologies Inc (FUNN)

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FUNN_gets_$0_KTU_Kickstarter_Money_0_Wholesale_orders_fulfilled_all_FY19

FUNN Publishing Continues to Operate AT a LOSS


Morning’s Kickstarter KTU campaign was from 11/21/17-12/21/17, and KTU product was supposed to be fulfilled by May 2018

FUNN acquired Morning on 5/29/18, well AFTER bankrupt Morning’s KTU campaign ended.

FUNN acquired all of the bankrupt Morning’s debt, and FUNN will see $0 of the Kickstarter $$

Looks like FUNN fulfilled the backers’ “orders” at a loss

Note that FUNN’s PR said nothing about the acquisition being “debt free”

In addition, FUNN fulfilled 0 large wholesale orders for all of FY19; which means that FUNN’s Board Game Subsidiary is operationally LOSING MONEY

Note That FUNN PR does NOT say the bankrupt Morning was acquired “debt free”

5/29/18

https://www.globenewswire.com/news-release/2018/05/29/1513112/0/en/Amfil-Technologies-Inc-Acquires-Morning-Board-Game-Publishing-Distribution-Company-From-France-in-an-All-Cash-Deal.html

Toronto, ON., May 29, 2018 (GLOBE NEWSWIRE) -- Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce the completion of the ‘Morning” acquisition that was mentioned in a press release from the company dated March 22nd 2018. The acquisition was an all cash deal of approx. $150,000 EUR which was paid in full and going forward, beginning in the Amfil Technologies Inc. 2018 annual report covering the period to June 30th 2018, ‘Morning’ will be consolidated into the company’s financial statements.

2011 marked the official birth of ‘Morning’ in Toulouse, in the south of France. Since inception, the Morning Team, a group of young enthusiasts have been working hard to offer innovative games and quality products to retailers in France and beyond with one goal: get up every morning and source, develop, translate, promote and distribute ‘Morning’ board games.

Morning has numerous published board game titles on and coming to market shortly. Some of the newest titles that will be hitting the market in the future will be IKAN, Red Panda and Kill the Unicorns.

‘Kill the Unicorns’ is a title the company is especially excited for as the Unicorn theme and trend has been very popular in the past two years. Capitalizing on the strong theme, the game also brings a fun and accessible gameplay to families and casual gamers.

"Kill the Unicorns" was financed on the Kickstarter platform, thanks to almost 8,000 backers and numerous partners (retailers, board game cafés) around the world. The game is highly anticipated: https://www.kickstarter.com/projects/morningplayers/kill-the-unicorns

‘Morning’ will continue to be run by a group of six experienced professionals within the industry from France as Snakes & Lattes Publishing SAS. Amfil Technologies Inc. will assist where possible to continue growing the line of published games, expanding the brand and distribution to additional countries and helping out with promoting and distributing the new games.

The company is very pleased to have acquired ‘Morning’ and be working with such great talent in the industry to bring to market and expand the vision of the original creators of various board game titles. Snakes & Lattes Inc. continues its growth and expansion through this vertically integrated acquisition and we anticipate a bright future coming from and working with the team at ‘Morning’.

Snakes & Lattes Inc. continues its expansion and franchising plans throughout Canada and the USA. Updates on this initiative and internal progress made on this front is forthcoming. Interested parties and franchise related inquiries are encouraged to reach out to [e-mail] and a representative will be in touch with you within 48 hours.