Amfil Technologies Inc. Signs LOI To Open A New Snakes & Lattes Venue in Charlotte, North Carolina And Announces That A Location Will Also Be Coming To Denver, ColoradoPress Release | 08/01/2018

Toronto, ON, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to announce that Snakes & Lattes has signed a Letter of Intent (LOI) to open a Snakes & Lattes location by way of a Joint Venture partnership in Charlotte, North Carolina. The partnership arose from the company’s recent visit to the area.

Charlotte is the most populous city in North Carolina, with an estimated 850,000 people. The Charlotte Metropolitan Area, which is a sixteen-county market region, is home to an estimated 2.7 million people. It is the third largest city in the southeastern United States and is estimated to be the third fastest growing major city in the United States. Charlotte is home to numerous colleges and universities with UNC Charlotte being the largest in the city. Based on US Census data from 2005-2015, it tops the 50 largest US cities as the ‘millennial hub’, making Charlotte an ideal location for a Snakes & Lattes location with respect to target demographics.

Several properties have been shortlisted as potential locations, and a lease request will be submitted to a landlord upon final location selection. While this Snakes & Lattes location is projected to open in 2019, further locations planned in other regions may open earlier. The US Expansion Team will continue visiting different US regions/cities to meet with potential partners to identify and secure prospective venues for further openings throughout 2018 and into 2019.

The next expansion trip will be to the state of Texas. Meetings with potential partners have been set for Dallas, Fort Worth, Austin, San Antonio, in addition to a number in the Houston area. The team will be attending multiple meetings and covering a large geographical area over the week. 

The team will then proceed on to Denver and Fort Collins, meeting with interested parties and viewing potential sites for further Snakes & Lattes locations. The Denver location planned for the area will be corporate-owned, and is projected to commence construction in 2018, provided the right location is secured.  A private investor has already committed to fully funding this location.

Parties interested in meeting with the US Expansion Team in any of the above-mentioned regions, or, to enquire when the team will be available in other areas of the United States are encouraged to email investors@snakesandlattes.com to make arrangements.

Construction of the first corporate-owned USA location in Tempe, Arizona is moving along, and is slated to open in time for the back to school season. Further updates regarding the US Expansion of the Snakes & Lattes brand can be expected as they continue to develop. The company looks forward to accelerating the brand even further throughout the US as we continue solidifying Snakes & Lattes brick and mortar locations and strategic partnerships to expand operations and deliver maximum value back to our shareholders.

Additional updates can be expected in the near future.