Amfil Technologies, Inc. (OTC Pink: AMFE) is a holding company that holds a number of businesses, across numerous industries. Specifically, the company managed three main brands: Snakes & Lagers, Inc., The GroZone System, and Interloc-Kings, Inc. Shares of the holding company are climbing 15.98%, through early trading on Tuesday, March 14, 2017. Over the past three months, Amfil Technologies, Inc. has seen average daily volume of 1.93 million shares. However, volume of 845,138 shares or dollar volume of $16,564, has already exchanged hands early Tuesday.
Shares of Amfil Technologies, Inc. are gaining today, after the company announced that its GroZone System product has received organic accreditation from a USDA-certifying agent. Due to the fact that GroZone is able to organically grow agricultural products, the company was able to obtain accreditation. The proprietary agriculture system has a triple-function sanitization unit that gets rid of 99.9% of water and airborne pathogens. Not to mention, it also prevents pest infiltration. Here is the full press release detailing of the GroZone product accreditation:
Amfil Technologies, Inc. Press Release:
TORONTO, ON–(Marketwired – Mar 14, 2017) – Amfil Technologies, Inc. ( OTC PINK : AMFE ) is pleased to provide the following update to the shareholders and the investment community regarding our GROzone subsidiary.
The GROzone product line recently received a positive review from Pennsylvania Certified Organic allowing their clients to use our GROzone product line in organic production. Pennsylvania Certified Organic (PCO) reviews products for clients located in Pennsylvania and the surrounding states as well as for the CCOF, (California Certified Organic Farmers) and now allows the CCOF clients to use the GROzone product line as well. PCO confirmed that our product line complied with the National Organic Programs (NOP) regulations and the outcome was the receipt of a positive review.
The USDA regulates the use of such terms as “organic” or “organically produced”. In order to market a product as organic, USDA regulations require certification by an accredited certification agency. Pennsylvania Certified Organics certification program is accredited by the USDA for compliance with the National Organic Program. Since marijuana is still a federally illegal crop, the USDA currently does not recognize it as a crop that can be organically grown or called certified organic just yet. However being allowed to use the GROzone product line for any and all forms of what is currently deemed agricultural production is reassuring as marijuana cultivators that want to follow organic practices essentially follow the National Organic Program (NOP) guidelines. There are now alternate certifications being developed that could be applied for specific to the industry, through agencies such as the Organic Cannabis Association (OCA) or Clean Green Certified but all relate back to the NOP regulations and guidelines.
Achieving organic status and being able to label a product as certified organic, or in the case of the U.S. market, “Clean Green” or “Certified Kind” usually will allow the seller to demand a premium on the product. Even more importantly and in an industry such as the medical marijuana industry, it would help to ensure that the producer or manufacturer will never have product recall or product failure due to any elevated levels of harmful ingredients used throughout the grow process that can make them susceptible to liability from the consumer. A well known example of this is would be the recent issues in the media relating to residual pesticide contamination in end use marijuana products and the product recalls and lawsuits that have followed.
GROzone is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (such as aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and surface mold, all without the use of chemicals. The unit can also constantly regulate a given facility’s water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (which allows for comprehensive water recycling). This completely eliminates the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today.
The GroZone System was originally developed in 2014 by way of a Joint Venture (“JV”) with Ambrose Fillis and A.C.T.S. systems, the creators of the original ozone technology with successful installations in companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. Through the JV, the technology was modified and developed specifically for the medical marijuana industry. A.C.T.S. has recently rebranded itself under Advanced Ozone Integration Inc. (AOI) and as a result the original mPACT GroZone 60 system has been redesigned and engineered to make some upgrades that will benefit the overall end result of the product line. Our new product equivalent is now called the EcoPrO3 GroZone Antimicrobial System. Some of the upgrades include:
- Unit is now all stainless steel.
- Fully automated system with user friendly electronic interface making operational control very easy to use and the ability to have tighter control parameters.
- Highly efficient in addressing most of the challenges facing grow-ops with regards to mold and pest control, more effective nutrient consumption, improved plant strength and quality.
- Greater flexibility to scale systems up or down based on actual grow-op application requirements.
- Ability to integrate/adapt into existing facility monitoring/control systems or develop independent systems where required
- Ability to control/monitor via internet or remotely.
Amfil Technologies Inc. will supply pictures of and more detailed information on the new system through press and on the www.grozone.biz website in the near future once the new patent application on the technology has been submitted by AOI. We expect this process to be completed in the coming days.
Further updates with regards to on-going progress being made within our subsidiaries can be expected shortly.
The outstanding common share count of Amfil Technologies Inc. is 444,807,264 which is cumulative since its inception in 1985 as the company has never had any recapitalizations in its 32 year history.
For more information, feel free to visit our website at www.amfiltech.com or to contact the company at firstname.lastname@example.org.
Amfil Technologies Inc. is the parent company to three wholly owned subsidiaries.
1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates a 6000 sq. ft. and a 7,500 sq. ft. tabletop gaming bars and cafes located in Toronto, Ontario that brought in over $7M CDN in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night café in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The GroZone System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. GROzone is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility’s water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today. This environmentally-friendly solution also eliminates odors, while slightly reducing the air temperature, lowering energy consumption by the HEPA filtration and HVAC systems and could potentially allow for a facilities process to be labeled certified organic in the U.S.A. when the crop is no longer considered illegal on the federal level, otherwise “Clean Green” or “Certified Kind” in the meantime. More information of the grozone line of products can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, North America’s premier manufacturer of concrete interlocking paving stones and segmental wall products. Interloc-Kings Inc. has an A+ Rating with the Better Business Bureau (BBB) and a 10/10 rating on homestars.com. Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas in the GTA. More information on this subsidiary can be found at the website www.interloc-kings.com
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results, such as the Company’s ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.