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Amfil Technologies Inc. Announces A Snakes & Lattes USA Expansion Team Update
Press Release | 02/13/2020
Amfil Technologies Inc. (OTC: FUNN) is pleased to provide shareholders with an update from the Snakes & Lattes USA Expansion Team. On January 21st, 2020, the Expansion Team announced the onboarding of Rogen Chhabra, and released information about the signed contract to expand the franchise with ten additional Snakes & Lattes Inc. locations across the USA. In less than a month, the Expansion Team has been working tirelessly to honor the agreement and has made significant progress.



The Team is pleased to announce that after undergoing an extensive and rigorous location vetting process, the prime entertainment district in Denver, Colorado has been selected for the first new location. Rogen flew to Denver today to finalize the L.O.I., and negotiate the lease, effectively kicking off the first of the ten new locations. Furthermore, a second location is currently under review, and the Expansion Team hopes to finalize terms and agreements in the coming weeks.



Since the last update, we have opened Snakes & Lattes, USA Expansion and Buildout (SLUEB), LLC. The Company has already received commitments for initial funding. In the coming months, SLUEB will continue to bring in strategic partners to support the execution of the new Caf openings and ultimately ensure their success.

The expansion team has officially signed tenant agency agreements with brokers in Denver, CO and Nashville, TN. An oral agreement has also been made with a broker in New Orleans and LA. Specific suitable venues have been targeted in Denver and New Orleans, which Amfil Technologies Inc. has given pre-approval for. To capitalize on this exciting momentum, the Team will be travelling to New Orleans the 3rd week of February and are currently in Denver to complete a letter of intent and negotiate a lease contract.


In the first weeks of March, the Team will travel to Los Angeles and to the Silicon Valley to scout locations. We are confident that appropriate venues will be identified and selected in both cities soon. The Team has not excluded any city announced in the first progress report and continues to look at opportunities within additional cities.

Discussions with potential partners in building out local venues and in being part of SLUEB continue with promising prospects. The Team is happy with the progress made since the agreement was finalized with Amfil Technologies Inc. and vice versa.



As previously announced, the Team has identified an internal fulfillment deadline for the first four locations, and ultimately for all ten new locations. Specific information about dates of the deadline have not yet been released publicly, as unforeseeable factors outside of the Companys control may require revision of these deadlines. The Team is committed to transparency for shareholders, and will provide frequent updates regarding the estimated dates locations will be open and generating revenue. The Team appreciates all the support and out reach from shareholders and other interested parties. Any questions specifically for the buildout team can be sent directly to rogen@snakesandlattes.com and all efforts will be made to promptly respond.