Toronto, ON -- November 01, 2017 -- InvestorsHub NewsWire --
Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that it
has closed on the acquisition of Natural Stuff Inc. to further
expand on the distribution side of the company. Natural Stuff Inc.
is a distributor of products to over 300 clients across Canada.
Natural Stuff Inc. holds distribution rights to many food and
beverage brands including 28 Black, a wildly popular premium energy
drink. Further, Natural Stuff Inc. is in the process of closing
several deals with large and small format retailers across Canada,
with a potential of over 5000 locations collectively.
As part of the acquisition agreement, the founder and President
of Natural Stuff Inc., Silvano Racioppo, will remain in a
leadership position for the entity, and will act as a consultant
for the expansion of all associated business. Mr. Racioppo has over
25 years' experience in the distribution and logistics industries,
having expanded into many food and drink brands, leading to
generation of approximately $18 Million per year in revenue for his
business.
A family tragedy in early 2017 pulled Mr. Racioppo away from his
work, leading him to temporarily relinquish most of his market
share while he cared for his family. Through this new partnership,
as well as the leadership and organizational resources of Amfil
Technologies Inc., it is anticipated that Mr. Racioppo will be able
to restore much of the $18 million market share that he had
obtained prior to the incident. Coupling this with the new targeted
markets, this acquisition could significantly impact the company's
bottom line in a positive manner over the coming months and
years.
Further to the revenues expected from the current and potential
market share of Natural Stuff Inc., the established portfolio of
distributed brands will serve as an inroad for the portion of the
emerging brands currently carried by Snakes & Lattes, including
those products carried by the distribution division. This will be
paramount to further fuel the explosive expansion of this division,
and the brand as a whole.
Pairing Natural Stuff Inc. with the Snakes & Lattes
distribution division should prove to be mutually beneficial for
both entities. Snakes & Lattes has the established distribution
center and network to allow for Natural Stuff Inc. to capture the
large commercial clients required to propel and reclaim its former
market share as well as take on large scale new clients.
Concurrently, Snakes & Lattes can benefit from global promotion
by Natural Stuff Inc. to importers around the world for its
products.
Natural Stuff Inc. was acquired for 750,000 restricted shares of
Amfil common stock.
Further details relating to the distribution business as well as
the set launch date of Snakes & Lattes "Midtown" and audit
completion date will be included in the company's next
announcement. A large PR/Marketing Campaign will accompany the
launch of "Midtown" with many TV / Media crews expected to make a
presence. Amfil Technologies Inc. is also currently in active
discussions with another distribution company and also negotiating
acquisition terms that if proves to be a good fit will be acquired
to further bolster the growing distribution side of the company.
Further details are expected shortly.
For more information regarding the company please
visit www.amfiltech.com and follow us on twitter for
further updates from the company @AmfilTech
For more information on Snakes & Lattes Inc. please
visit www.snakesandlattes.com
For more information on GRO3, please visit
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 an over 100 member staff and
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.