Amfil Technologies Inc (OTCMKTS:AMFE)
Ontario, Canada-based Amfil Technologies Inc (OTCMKTS:AMFE) is a holding company that acquires income generating private companies and applies management techniques and resources to make them more capital efficient which will lead to increased levels of shareholder value.
Amfil Technologies Inc (OTCMKTS:AMFE) currently has three businesses operating under its corporate umbrella – Interloc Kings Inc., GROzone systems, and Snakes & Lagers bars and cafes. Interloc provides home services to the greater Toronto region as well as York and has been in operation since 2009. Interloc designs and installs custom driveways, fences, as well as patio and deck surfaces using interlocking paving stones. Additionally, Interloc has a diversified revenue stream for the cold season and offers snow clearing and removal services. GROzone has developed a product line, named mPact GROzone, for the medical marijuana industry – the fastest growing industry in North America. GROzone offers a gaseous ozone fumigation system that eliminates 99.9% of airborne pathogens, mold, and pests for marijuana growing facilities. This oxygen-based green system seeks to replace the harmful and carcinogenic chemicals currently used by marijuana producers. Amfil Technologies Inc (OTCMKTS:AMFE) has acquired a 50%ownership stake in the m-PACT GROzone system with worldwide distribution rights. Lastly, Amfil Technologies Inc (OTCMKTS:AMFE) has two bar and café businesses under the brand concepts Snakes & Lagers, as well as Snakes & Lattes. Both operate as board game-themed venues in Toronto, Canada. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world, and has the largest circulating public library of board games in North America for customers to choose from.
Last week, Amfil Technologies Inc (OTCMKTS:AMFE) announced that Snakes & Lattes Inc., will be entering the game development and publishing business. The first game is under a collaborative development effort with an experienced game author based in Switzerland. The game specifics are being treated as proprietary and a corporate secret. Accordingly, Amfil will not release any details in order to protect the integrity of potential intellectual property applications.
Amfil Technologies, as of March 31, 2017, had cash and cash equivalents of $64,870 and total current assets of $6,384,089 – less than current liabilities of $6,225,236. As of March 31, 2017 Amfil had a working capital deficiency of (-$158,853).
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.