Amfil Technologies Inc. (OTC: FUNN) is pleased to announce that the company has entered into an agreement to aggressively expand the Snakes & Lattes subsidiarys brick and mortar locations in the USA. A group of professionals and investors, along with the existing USA Expansion Team members, will spearhead the rollout of the additional USA locations. It is expected that these new locations will be built at a much faster rate than seen to date, some being worked on simultaneously using the guidelines and model already established by Snakes & Lattes Inc.
The initial agreement is for the opening of ten (10) additional corporate owned locations in the USA, effectively tripling the total number of worldwide corporate owned locations. The expansion team is confident in the success of the proposed openings and have agreed to forfeit any compensation until the first milestone of four (4) new locations in the USA have opened. Management and the company is also very confident in the USA Expansion Teams abilities in that upon this first milestone completion of four (4) new corporate owned locations, Roger Mortimer has agreed to pledge a portion of his own preferred shares to compensate the group for their efforts to that point to help minimize share dilution for the benefit of all shareholders and the company.
This agreement is independent and will not affect the Tempe, AZ location which is already open as well as the Tucson, AZ location which is in the build out process. The group has committed to the simultaneous construction of numerous cafes, and they are confident they will be capable of maintaining the high standard customers of Snakes and Lattes Inc. are accustomed to. The accelerated expansion will lead to a significant increase in the companys growth rate, exceeding anything the company and shareholders have witnessed previously.
The company is also pleased to announce the recent addition of Mr. Rogen K. Chhabra to the USA Expansion Team. Mr. Chhabra was born in Seattle, WA, graduated in 1995 Com Laude from Millsaps College, B.S. in Math and graduated in 1998 Magna Com Laude from the Mississippi College School of Law. Mr. Chhabra is a founding partner of Chhabra & Gibbs P.A. Attorneys at Law and has since grown the firm with his partner to over thirty (30) lawyers and staff. Mr. Chhabra has written many articles and given many lectures in the field of law but also has extensive experience in construction, buildouts and renovations. Mr. Chhabra, in agreement with his law firm partner, has decided to come on board the USA Expansion Team full time while his business partner continues running the law firm they founded.
I am very pleased to come on board the USA Expansion Team full time, states Rogen Chhabra. I believe I can add a lot of value and contribute in a very impactful way with this opportunity to really ramp up and push the expansion initiative to the next level. We are excited to get our first goal of ten (10) new corporate owned locations in the USA up and running in short order and will look to extend and expand our agreement to many more locations once the first starting goal has been attained.
If shareholders or others are interested in learning more about the USA expansion, or if there is an opportunity or ideal location they are aware of and feel the company should be looking at, please send an email to usaexpansion@snakesandlattes.com.
Shareholders can expect timely and continued updates on the progress being made by the USA Expansion Team going forward as the information becomes available.
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 https://gro3systems.com/
Interloc-Kings Inc. https://www.interloc-kings.com/
About Us:
Amfil Technologies Inc. is the parent company to three wholly owned subsidiaries: