FUNN News! Continued growth and scale! They just keep expanding! Building an empire of board game distribution. https://www.otcmarkets.com/stock/FUNN/news/Amfil-Technologies-Inc-Through-Its-Subsidiary-Snakes--Lattes-Inc-Acquires-Fulfillment-Operations-of-Starlit-Citadel-the-?id=249175
Amfil Technologies Inc., Through Its Subsidiary Snakes & Lattes Inc., Acquires Fulfillment Operations of Starlit Citadel, the Second Largest Board Game Fulfillment House in Canada
Press Release | 12/12/2019
TORONTO, ON, Dec. 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Amfil Technologies Inc. (OTC: FUNN), is pleased to announce that its largest subsidiary, Snakes & Lattes Inc., has acquired the fulfillment operations of the second largest house in the board game fulfillment industry in Canada, Starlit Citadel Logistics, second only to Snakes & Lattes itself.
Starlit is a large fulfillment house in the Canadian market with a long list of well-known customers such as Stonemaier Games, Roxley, Gloomhaven, and Indie Board and Cards. Starlit is considered the second largest fulfillment house for board games in Canada. Starlit Citadel closed its retail location at the beginning of this year and switched focus solely to the fulfilment/logistics services side of the industry. They have been servicing the industry since 2011.
Starlit has a good reputation in the industry and has uniquely positioned itself with logistics operations on the west coast near 2 of the main ports of entry, Long Beach CA and/or Vancouver, BC. Having the logistics centers on the west coast cuts precious time, especially with orders coming from Asia.
This acquisition will reaffirm and significantly increase Snakes & Lattes’ position as the largest board game fulfillment house in Canada. Immediately this will expand the customer base, increase sales, and provide immediate cost savings with national carriers such as FedEx, UPS, Canada Post, and various other freight forwarding companies.
This acquisition will be completed for a total of 1.2M shares of restricted stock and is expected to add significant value to the business and company. This concludes a long business relationship between Snakes & Lattes Inc and Starlit Citadel Logistics, both companies’ founders know the business well and can see the incredible value that will be added by combining the two largest players in the industry in Canada.
Ben Castanie, founder of Snakes & Lattes, states, “We are very pleased to have closed this deal with the nice people behind Starlit Citadel and look forward to a continued relationship moving forward that now adds a west coast operation in Canada to the fulfillment side of the Snakes & Lattes business.”
For further updates from Snakes & Lattes and its parent company, Amfil Technologies Inc. please follow us on Twitter @AmfilTech
For more information regarding the company, and its related subsidiaries please visit the following websites:
Amfil Technologies Inc. www.amfiltech.com/
Snakes & Lattes Inc. www.snakesandlattes.com/
Morning (Snakes & Lattes Publishing SAS) https://www.morning.us/
GRO3 Joint Venture http://gro3systems.com/
Interloc-Kings Inc. http://www.interloc-kings.com/