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$ AMFE $
Projections Lifted on Amfil Technologies Inc (OTCMKTS:AMFE)
"As noted above, the company just put out a shareholder update that clearly caught the attention of OTC traders and helped foster a follow-on breakout. The headline takeaway here is really “Management estimates revenue growth of approximately $3-$4 Million by year end after the opening of the new location.”
That new location is set to be the third and largest ever Snakes and Lattes location. As we have previously covered, the point here is basically a bar with board games. But in a cool way. With sculptures of a giant Jenga puzzle and pictures of the Monopoly man on the wall. And drinks. And cool architecture.
Apparently, the idea has been taking off, and so has the stock. The next chapter, as with all good things, is expansion: “Snakes & Lattes Inc. announces plans for 4th location in Vancouver, BC, Canada: Vancouver, BC, Canada has been selected as the first location to expand the Snakes & Lattes Inc. retail division outside of Toronto, Ontario. Further details relating to specific location and time frame will be announced as they develop. Management is currently shortlisted Chicago, Illinois as the target city for the 5th Snakes & Lattes Inc. location. The decision is not yet final, as management is still vetting other promising US locations. Once the US market is penetrated we will have an aggressive expansion plan unfold simultaneously to continue spreading the brand across North America.”