Support to Hold for Amfil Technologies Inc (OTCMKTS:AMFE) Shares?

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Amfil Technologies Inc (OTCMKTS:AMFE) shares dipped 6.84% to $0.158 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.23. The company has a market cap of $74.88 million at 473.90 million shares outstanding.

In a press release, Amfil Technologies Inc announced that the ECOPrO3 GRO3 product line is continuing to network, market and expand its brand exposure to the market. The GRO3 subsidiary is currently working on the final stages of a quotation request that was received from the same party that the purchase order commitment was received from last month.

The GRO3 Systems operation is preparing a proposal which would provide options where either multiple GRO3-60 systems can be used but are also presenting options for larger GRO3-120 systems which will require fewer units but would support larger capacity requirements simultaneously depending on how the operation sees fit for their needs. The company expects to have the proposal and terms decided on or before September 30, 2017 and estimates this order to be roughly 2.5x as large as the first purchase order commitment received by this group.

Amfil Technologies Inc is a company that operates through its subsidiary, Interloc-Kings Inc. Interloc offers landscape construction and snow removal services in Canada and supplies and installs residential and commercial hardscape construction projects, including interlocking stone driveways, walkways, back patio’s, retaining walls and steps, fences, decks and pools, among others during the summer season.

Interloc also provides residential winter services in Markham, including winter maintenance services. The company also owns the rights to Medium Scale Prospecting Mining Permits to over nine sites totaling approximately 10,300 acres in Guyana for exploration of gold.

Amfil Technologies Inc holds approximately 50% interest in mPact-GROZONE Antimicrobial Systems with distribution rights across the world. The company’s other subsidiaries include Snakes & Lagers Inc. and Snakes & Lattes Inc., which operate board game themed bars and cafes in downtown Toronto, Ontario, Canada.

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With an upbringing rooted in deep ethical values, Yashu Gola knows how to put honesty and dedication into his articles. This young and dynamic financial analyst has done his graduation in IT engineering. His interests in financial writing have once brought him to our digital doorsteps. Since then, he has been an integral part of ForexMinute.com and writes the most captivating news-articles on the foreign exchange industry, cryptocurrencies, and medical marijuana trading.