PRESS RELEASE GlobeNewswire
Mar. 22, 2018, 08:00 AM
Toronto, ON , March 22, 2018 (GLOBE NEWSWIRE) -- Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that between November 1st 2017 and February 28th 2018, the distribution side of Snakes & Lattes Inc. has grown from 20 retailers and 5 SKUs to 170 retailers making up 300 locations and 35 SKUs.
Snakes & Lattes Inc. recently attended trade shows in New York, Reno and Nuremberg, Germany which has resulted in continuing conversations with 10 new publishers (contracts out) and we have formally started as the exclusive distributor of Hub Games, the makers of ‘Rory's Story Cubes’, ‘Untold’, and ‘Blank’.
Snakes & Lattes Inc. also acquired the Canadian Distribution rights to ‘Build Up’ as well as the North American distribution rights to Morning's games ‘Kill The Unicorns’ and ‘Red Panda’. In addition to these new titles, the company also received the exclusive rights to The Awkward Yeti's game ‘OrganATTACK!’ in Canada as well as Galactic Sneeze's lineup of ‘Spank The Yeti’ and ‘Schmovie’ The company also got the rights to the ‘Not Parent Approved’ version.
The company is also pleased to announce that it is in advanced stages to buy Morning, a board game publishing company based in France. Morning was created in 2011 as a distributor and published its first board game, KUMO, in 2015. The company's latest success was a Kickstarter called "Kill the Unicorns" that was financed thanks to almost 8000 backers and $300,000 USD.
The upcoming acquisition of Morning gives AMFIL the opportunity to accelerate the reach of the European board game market that is $2.4 Billion EUR (Approx. $3 Billion USD). Morning is distributed in France, Germany, UK and 20 other markets worldwide. The company also directly serves a network of 400 shops in Europe.
Valentin Famose, the COO of Morning talks about this partnership,
"We have been talking with AMFIL for the past few weeks, we are really happy about this opportunity to be part of something bigger and leverage the power of Snakes & Lattes to accelerate our growth in North America benefiting from an established network of shops and an outstanding reputation in the board game industry."
This buyout should be secured before the end of April.
Snakes & Lattes Inc. continues its aggressive expansion on both the distribution and retail levels, striving to achieve its goal of industry domination from initial publishing to final retail sales.