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Amfil Technologies Inc. Provides General Overview on New Year 2018's Immediate and On-Going Focus for the Company

(January 03, 2018)

TORONTO, ON, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to provide a general overview of the company’s immediate focus, goals, and strategic initiatives for calendar 2018.

Continuing from the achievements and growth realized throughout 2017, the company is positioned to significantly expand operations as we enter the new year. Shareholders can expect growth and expansion to continue as we execute on the company’s proven business models and growth strategies for each respective subsidiary and division.

Key initiatives to expect include:

GRO3

Shareholders can expect significant developments throughout 2018 from the GRO3 and overall medical marijuana initiative. As legalization continues to spread throughout the United States, and as legalization is implemented nationally in Canada this year, the company is well positioned to develop a significant market share in the industry by ensuring that industry products are meeting regulatory requirements.

  • The company will continue working alongside our Canadian cultivation partners, and will complete the rollout of the GRO3 / RotoGRO technologies in their new facility, which is currently under construction. 
  • The company will set up a showroom in California, showcasing the product lines for the Californian market as we anticipate it becoming a large focus of the company’s sales and marketing efforts. Key personnel residing in California have been hired and will be handed the existing leads and ongoing discussions the company is undertaking with Californian cultivators in order to close the leads and realize sales. More info on this initiative coming shortly. 
  • The company will continue to work with existing contacts and other interested parties on their schedules in order to accommodate and facilitate their roll-out needs, and the introduction of the technology into their facilities. 2017 laid major groundwork in the industry that this subsidiary should be able to capitalize on it throughout 2018, converting interest into purchase orders. 

Corporate

Company Audit: We expect this process to be completed, submitted, and announced this month. Following the audit completion, the company will immediately seek to up-list to the OTCQB or OTCQX, dependent upon share price and negotiation with the exchange.

Once up-listed, the company will announce the spinoff date of the Interloc-Kings Inc. subsidiary, which in turn will initiate the dividend date, allowing existing shareholders to receive shares in the new public entity.

Natural Stuff Inc.

  • The addition of new brands and products to promote distribution expansion. 
  • Expansion of the sales force to continue to facilitate the division’s growth.
  • Expansion of the distribution facility to support growing demand from small businesses, large national corporations, and big box retailers.
  • Framework development for the distribution of infused products.

Snakes & Lattes Inc. 

Following on the opening of Snakes & Lattes Midtown, the leadership team intends to shift primary focus to the franchising initiative and to the US based expansion strategy. Hamilton and Kitchener/Waterloo area franchises were sold in 2017, and management is in discussions with many other interested parties for franchising in the United States and Canada. These efforts are expected to contribute to the company’s bottom line throughout 2018. 

Other developments include: 

  • Corporate support for Hamilton and Kitchener/Waterloo franchisees as buildout occurs.
  • Expected to open a US distribution center. 
  • Expected to open Chicago as the U.S. corporate headquarters, and first U.S. corporate store location.
  • Expected to approve and open multiple US franchise locations.
  • Expected to have self-published game title(s)
  • Expected additional large exclusive distribution rights for high-demand game titles for multiple global markets. 
  • Expected to receive exclusive rights to games being developed by consistently successful designers with existing high-demand titles. 
  • Complete overhaul of online company presence, while adding numerous additional titles for purchase through the in-house distribution line, and new branded merchandise.
  • Hosting of a shareholder appreciation night in Toronto at Snakes & Lattes Midtown in early 2018. The exact date will be announced with three weeks prior notice, to ensure ample time for shareholders to make travel and/or accommodation arrangements.

This is just a broad scope of previously publicized initiatives and events to expect in the coming weeks/months. There are also a number of exciting developments progressing behind the scenes which will significantly contribute to the company’s bottom line moving forward. The details will be released to the public when appropriate. 

The company remains steadfast in its commitment to deliver the maximum value back to our shareholders as we continue to accelerate into the new year. Significant increases in revenue contributions from all subsidiaries is expected throughout 2018, as the company continues to expand its operational focus and extend its reach into new industry sectors and geographical markets.

“We have full expectations that the company will continue its upwards trajectory throughout 2018 and beyond, at a rate unprecedented for the company,” stated Roger Mortimer, CEO. “I would like to thank our shareholders for their support, and reaffirm that our progress and expansion is showing no signs of slowing down in the foreseeable future. Stay tuned, as 2018 is sure to be the biggest year on record!”

A number of updates can be expected from Amfil Technologies Inc. and its subsidiaries in the near future.

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/   

About Us:

Amfil Technologies, Inc. is the parent company to three wholly owned subsidiaries.

1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and cafe located in Toronto, Ontario that brought in over $7M CAD in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. 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. BlogTO.com recently named Snakes & Lattes Inc. the best late night cafe in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. 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. 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.

Safe Harbor Statement

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," "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. 



CONTACT: Roger MortimerAmfil Technologies Inc.Telephone: (647) 880-5887Email: ir@amfiltech.com

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