News out on AMFE, Looks like this one might be a good news play for the am. It looks like they might be signing the Memorandum of Understanding shortly. This is exactly what the company needs to have a explosive run. I looked at the charts and im not seeing any real resistance till we hit .014. Were at an entry price of .006. This could be a good time to enter or for some re-enter into this one. Here is the latest news for you to start doing some DD on the company
AMFIL Technologies in Discussions With Government of Nantong, China to Build Manufacturing Plant and Distribute mPact Ozone Systems in Asia-Pacific Market
SAN LUIS OBISPO, CA, Aug 16, 2010 (MARKETWIRE via COMTEX) — AMFIL Technologies, Inc. (PINKSHEETS: AMFE), integrator of ozone-based cleaning and antimicrobial systems for the food and beverage industry, is pleased to announce they are now in discussions with the government of Nantong, China to build a manufacturing plant and distribute their non-chemical based mPact ozone systems to the Asia-Pacific market.
Entrance into the Asia-Pacific market through the Nantong government creates an enormous growth opportunity for sales, marketing and distribution. As noted on CNN and many other nationally syndicated news channels, food and drug safety requirements have increased throughout China and the Asia-Pacific market. This tightening of food and safety requirements has helped spark continued interest in AMFIL's ozone based, non-chemical cleaning systems.
In September of 2009, AMFIL Technologies travelled to Nantong, China and presented their company and technology. The government of Nantong was very interested and discussed with AMFIL the opportunity of starting a manufacturing operation in their province.
In January of 2010 the government of Nantong, China had a second meeting with AMFIL at their office in California. Government officials then viewed their operations. It is then that they expressed willingness to offer an invitation to come back to Nantong, China and sign a Memorandum of Understanding in ceremonious fashion. Once final contracts are signed, the government would then provide AMFIL with incentives for building their manufacturing plant. Ambrose Fillis, President and CEO of AMFIL Technologies, states, “We are honored to be in discussions with the government of Nantong, China. After two meetings and having government officials visit our office, we are now looking forward to attending their ceremonies in China and signing the Memorandum of Understanding in September.”
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