TORONTO, ONTARIO - (NewMediaWire) - June 13, 2024 -Snakes& Lattes Inc. (OTC: FUNN) is pleased to announce the successful opening ofits newest pop-up location at The Wellington Market, located in the heart ofKing West in Downtown Toronto. Since opening on May 25, 2024 this excitingvenue has been offering an extensive selection of over one hundred board games,along with a variety of snacks and drinks.
StrategicExpansion to a Premier Location: The decision to launch apop-up at The Wellington Market was made swiftly, thanks to the minimal initialinvestment required and the unique opportunity to showcase Snakes & Lattesin an upscale, vibrant environment. ‘The Well’ is a distinctive live, work,dine, and shop destination in Toronto, aligning perfectly with our desire toreach new markets.
TestRun with Potential for Long-Term Presence: Thispop-up serves as a test run, with no fixed duration, allowing the Company toassess the location's performance over the first few months. Our partners at ‘TheWell’ have been highly supportive, giving us the flexibility to adjust based onresults.
RetailExpansion: Plans are underway to setup a retail section within the pop-up, offering board games and brandedmerchandise, enhancing the Snakes & Lattes experience and providingadditional revenue streams.
InitialPerformance and Adjustments: Since our opening, we haveseen promising sales figures, bolstered by welcome events for friends, family,influencers, and gift card redemptions. We are adjusting our hours of operationto maximize visitor engagement, with slightly shorter hours Monday through Thursday and longer / full hours Friday through Sunday, aligning with the observed traffic patternsthat have been experienced thus far.
Partnershipwith ‘The Well’ Events Team: We have officiallypartnered with ‘The Well’ events team, securing a feature on their website andexterior signage. We will host a general trivia night every two weeks,alternating with our Annex location, and monthly events such as mix and minglesand puzzle competitions. Importantly, we incur no fees for the event space andretain 100% of the ticket sales, boosting our potential revenue.
Gratitudeand Acknowledgments: Snakes & Lattes Inc.expresses sincere gratitude to all our sponsors and partners who made thispossible, including The Wellington Market, PepsiCo, Indie Ale House, andothers. We also extend our appreciation to everyone involved in the process,from concept to launch. A special shoutout goes to our operations manager,Casto Chan, for his exceptional efforts in managing the Wellington Marketlocation.
Finally,we also want to wish the utmost success to all businesses at ‘The Well’ and in WellingtonMarket. We are thrilled to be integrated with such wonderful companies in thisstate-of-the-art establishment and look forward to what the future brings forall!
Formore information about Snakes & Lattes and its new location at TheWellington Market, please visit https://www.snakesandlattes.com/wellingtonmarket
Stay tuned as further updates to follow in the coming days.
As always, abig thanks to all our shareholders, supporters, loyal guests, and staff.Creating memorable, quality human interactive experiences is what keeps thecompany going, and at all times we keep the mission of Snakes & Latteslocations coast to coast at the forefront of our strategy.
See you at Snakes & Lattes!
AboutSnakes & Lattes:
Foundedin Toronto, Canada, Snakes & Lattes is a pioneer in the tabletop gaming industryproviding a unique social experience centered around board games, food, anddrinks. The locations are dedicated to creating a fun and inclusive environmentfor gamers and non-gamers alike.
Snakes &Lattes opened the first, and operates the largest board gaming entertainmentvenues in North America with the highest volume and most diverse circulatingpublic library of games in the world for players to choose from.
The Snakes& Lattes gaming locations also specialize in full-service bar &restaurant offerings and currently owns and operates 8 locations throughout theUSA and Canada. Locations include Tempe and Tucson Arizona, Chicago Illinois,Virginia Beach Virginia, as well as 4 locations in Toronto, Ontario, Canada, knownas Annex, College, Midtown and Wellington Market.
Snakes &Lattes is continuously in process of expanding throughout North America. Forany and all inquiries regarding the company, expansions and partnerships,please email IR at investors@snakesandlattes.com and we will respond as soon aswe can. Thank you kindly.
ForwardLooking Statements (Safe Harbor):
This release containsforward-looking statements within the meaning of Section 27A of the SecuritiesAct of 1933, as amended (the Securities Act), and Section 21E of the SecuritiesExchange Act of 1934, as amended (the Exchange Act), as well as others, and itis intended that all forward-looking statements that are made will be subjectto the safe harbor protections created thereby. Forward-looking statements canbe identified by forward-looking terminology such as aim, anticipate, believe,continue, could, estimate, expect, confident, intend, may, might, plan,potential, predict, projection, seek, should, will or would, or the negativethereof or other variations thereon or comparable terminology. In particular,statements that address guidance, outlook, targets, market trends orprojections about the future, and statements regarding the Company'sexpectations, beliefs, plans, strategies, objectives, prospects or assumptions,or future events or performance, contained in this release are forward-looking statements.The actual results, such as the Company's ability to finance, complete andconsolidate acquisition of IP, assets, operating companies, etc. could differmaterially from those anticipated in these forward-looking statements as aresult of certain factors not within the control of the company such as aresult of various factors, including future economic, competitive, regulatory,and market conditions. The company cautions readers not to place undue relianceon any such forward-looking statements, which speak only as of the date made.The Company has based these forward-looking statements on current expectations,assumptions, estimates and projections. Such forward-looking statements areonly predictions and involve known and unknown risks and uncertainties, many ofwhich are beyond FUNNs control. These and other important factors, includingthose discussed more fully elsewhere in this release and in the Company'sfilings may cause actual results, performance or achievements to differmaterially from those expressed or implied by these forward-looking statements,or could affect FUNNS share price. The forward-looking statements contained inthis release are not guarantees of future performance and actual results ofoperations, financial condition, and liquidity, and the development of theindustry in which the Company operates may differ materially from theforward-looking statements contained in this release. Any forward-lookingstatement made in this release speaks only as of the date of such statement.Except as required by law, FUNN does not undertake any obligation to update orrevise, or to publicly announce any update or revision to, any of theforward-looking statements, whether as a result of new information, futureevents or otherwise, after the date of this release.
Contact:
Roger Mortimer
COB & Investor Relations Representative
Snakes & Lattes Inc.
Phone: (646) 992 3348
Phone: (647)880 5887
Email: investors@snakesandlattes.com