Disclosure NewswireTMiCrowdNewswire - Sep 28, 2016
TORONTO, ON – Amfil Technologies Inc. (OTC PINK: AMFE) announces the closing of the Snakes & Lagers Inc. acquisition. Snakes & Lagers Inc., holds the trade name of Snakes & Lattes Inc., is 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. opened it’s doors in August of 2010 as North America’s first board game cafe in a small space at 600 Bloor Street West, downtown Toronto. The popularity of the location exploded, forcing Snakes & Lattes to expand into the neighboring space at 602 Bloor Street West and then once again to 604 Bloor Street West, resulting in a 5000 sq. ft location with a seating capacity of 150 seats. A second 7500 sq. ft location was opened at 489 College Street. With a seating capacity of 240, this location is perhaps the largest board game/cafe bar in North America, feeding patrons with a vast library of board games, food, cafe and alcoholic beverages.
Snakes & Lattes Inc. is also a seller of board games and other related products through their retail locations as well as online. Due to high demand, Snakes & Lagers acquired a warehouse space to store and manage the logistics of the deliveries.
Amfil Technologies Inc. (AMFE) anticipates a conservative estimate of $2-$3 Million of immediate annual revenue which will be reflected on the Q2 financials. Further to the popularity of the current Snakes & Lagers locations and online sales, Amfil Technologies Inc. has received a great deal of interest from entrepreneurs throughout North America, looking to purchase Snakes & Lattes franchises since the release of the LOI in April 2016. Amfil Technologies Inc. anticipates the revenue estimates of $2-$3 Million to grow considerably through the expansion of the retail, online and franchise divisions.
For more information on the company, feel free to visit our website at www.amfiltech.com.
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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 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,” “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