TORONTO, ON--(NewMediaWire - Mar 30, 2017) - Amfil
Technologies Inc. (OTC PINK: AMFE) is pleased to announce that it has begun
the process of seeking out quotes from PCAOB licensed auditing
firms to continue on from our last audited 10K for year-end
2014.
Since the recent acquisition of Snakes & Lagers Inc. /
Snakes & Lattes Inc. and the resultant impact on the financial
statements, the company intends to up-list from the OTC Pink tier.
On May 12th, 2015, the company filed audited financial statements
completed by MNP LLC. for the fiscal year ends of 2013 and 2014.
Since inception in 1985 Amfil Technologies Inc. had always been an
SEC reporting issuer until our switch to alternative reporting in
May 2015. The 2015, 2016 and the quarterly financial statements
thus far into 2017 were filed unaudited through OTC Markets
directly as per the alternative reporting guidelines. Over the
coming months, the company intends to have year ends 2015, 2016 and
2017 audited in conjunction with the filing of a Form 10 to
re-register as a fully reporting company with the Securities and
Exchange Commission. We would like to time this process if possible
with our fiscal year end 2017, being June 30th 2017 or shortly
thereafter.
The effect of this would be an immediate up-listing from OTC
Pink to the OTCQB tier. The up-listing to the OTCQB is an activity
we have considered for some time. The current plans to up list
Amfil initially to the OTCQB tier will provide the investment
community with full transparency and allow the stock to be quoted
and traded by a wider range of brokerages, particularly retail
brokers, eliminating many of the challenges we endure as an OTC
Pink Current company. We will have more to discuss about other
aspects of this up-list registration in the coming weeks.
The OTCQB Venture Market is for entrepreneurial and development
stage companies that are not yet able to qualify for OTCQX. OTCQB
companies must be current in their reporting and must undergo an
annual verification and management certification process. It is the
company's intention, once the stock's bid price allows, to do a
further up-list to the OTCQX tier. It is our view that the company
meets all requirements to make the move, aside from the minimum
initial bid price of $.25/share. The company is confident, as we
continue to execute our business plan and increase revenues and
profits, that the stock's bid price will increase as well, allowing
us to eventually list under the OTCQX tier.
The OTCQX Market features some of the largest global blue chip
companies and high-growth U.S. small caps. OTCQX companies must
meet high financial standards, follow best practice corporate
governance, demonstrate compliance with U.S. securities laws, and
have a professional third-party sponsor introduction. The companies
found on OTCQX are distinguished by the integrity of their
operations and diligence with which they convey their
qualifications. A company listing on OTCQX would join premier
companies such as Heineken N.V. and Adidas AG.
The company has greatly exceeded growth expectations thus far
into 2017 and has been actively pursuing a number of opportunities
to further bolster all subsidiaries in their respective industries.
The company has been especially active with the development of the
GROzone subsidiary which has recently received U.S. Patent Pending
#62472210 for the new EcoPr03 GROzone Antimicrobial System.
Additionally, GROzone is in the final stages of an agreement to
market and distribute the GROzone antimicrobial systems alongside a
highly established hydroponics developer. This deal will be a
monumental step for the GROzone subsidiary's penetration into the
global market. We anticipate this deal to be finalized within the
coming days and expect to update shareholders accordingly upon
completion.
For more information, feel free to visit our website
at www.amfiltech.com or to contact the
company at ir@amfiltech.com. Follow us on Twitter
@AmfilTech
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 6000
sq. ft. and a 7,500 sq. ft. tabletop gaming bars and cafes located
in Toronto, Ontario that brought in over $7M CDN 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 café 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 90 member staff and recently
acquired the exclusive distribution rights throughout Canada for
some of the most popular board games in the world such as Cards
Against Humanity and Exploding Kittens. BlogTO.com recently named
Snakes & Lattes Inc. the best late night café 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 GroZone 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. GROzone 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 GROzone unit recently passed product review by a registered
USDA certifying agent for use in California as well as Pennsylvania
and surrounding states. More information of the grozone line of
products can be found on the www.grozone.biz website.
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 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.