TORONTO, ONTARIO - 
(NewMediaWire) - June 13, 2024 -Snakes
& Lattes Inc. (OTC: FUNN) is pleased to announce the successful opening of
its newest pop-up location at The Wellington Market, located in the heart of
King West in Downtown Toronto. Since opening on May 25, 2024 this exciting
venue has been offering an extensive selection of over one hundred board games,
along with a variety of snacks and drinks.
Strategic Expansion to a Premier Location: The decision to launch a pop-up at The Wellington Market was made swiftly, thanks to the minimal initial investment required and the unique opportunity to showcase Snakes & Lattes in an upscale, vibrant environment. ‘The Well’ is a distinctive live, work, dine, and shop destination in Toronto, aligning perfectly with our desire to reach new markets.
Test Run with Potential for Long-Term Presence: This pop-up serves as a test run, with no fixed duration, allowing the Company to assess the location's performance over the first few months. Our partners at ‘The Well’ have been highly supportive, giving us the flexibility to adjust based on results.
Retail Expansion: Plans are underway to set up a retail section within the pop-up, offering board games and branded merchandise, enhancing the Snakes & Lattes experience and providing additional revenue streams.
Initial Performance and Adjustments: Since our opening, we have seen promising sales figures, bolstered by welcome events for friends, family, influencers, and gift card redemptions. We are adjusting our hours of operation to maximize visitor engagement, with slightly shorter hours Monday through Thursday and longer / full hours Friday through Sunday, aligning with the observed traffic patterns that have been experienced thus far.
Partnership with ‘The Well’ Events Team: We have officially partnered with ‘The Well’ events team, securing a feature on their website and exterior signage. We will host a general trivia night every two weeks, alternating with our Annex location, and monthly events such as mix and mingles and puzzle competitions. Importantly, we incur no fees for the event space and retain 100% of the ticket sales, boosting our potential revenue.
Gratitude and Acknowledgments: Snakes & Lattes Inc. expresses sincere gratitude to all our sponsors and partners who made this possible, including The Wellington Market, PepsiCo, Indie Ale House, and others. 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 Market location.
Finally, we also want to wish the utmost success to all businesses at ‘The Well’ and in Wellington Market. We are thrilled to be integrated with such wonderful companies in this state-of-the-art establishment and look forward to what the future brings for all!
For more information about Snakes & Lattes and its new location at The Wellington Market, please visit https://www.snakesandlattes.com/wellingtonmarket
Stay tuned as further updates to follow in the coming days.
As always, a big thanks to all our shareholders, supporters, loyal guests, and staff. Creating memorable, quality human interactive experiences is what keeps the company going, and at all times we keep the mission of Snakes & Lattes locations coast to coast at the forefront of our strategy.
See you at Snakes & Lattes!
About Snakes & Lattes:
Founded in Toronto, Canada, Snakes & Lattes is a pioneer in the tabletop gaming industry providing a unique social experience centered around board games, food, and drinks. The locations are dedicated to creating a fun and inclusive environment for gamers and non-gamers alike.
Snakes & Lattes opened the first, and operates the largest board gaming entertainment venues in North America with the highest volume and most diverse circulating public 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 the USA and Canada. Locations include Tempe and Tucson Arizona, Chicago Illinois, Virginia Beach Virginia, as well as 4 locations in Toronto, Ontario, Canada, known as Annex, College, Midtown and Wellington Market.
Snakes & Lattes is continuously in process of expanding throughout North America. For any and all inquiries regarding the company, expansions and partnerships, please email IR at investors@snakesandlattes.com and we will respond as soon as we can. Thank you kindly.
Forward Looking Statements (Safe Harbor):
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), as well as others, and it is intended that all forward-looking statements that are made will be subject to the safe harbor protections created thereby. Forward-looking statements can be 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 negative thereof or other variations thereon or comparable terminology. In particular, statements that address guidance, outlook, targets, market trends or projections about the future, and statements regarding the Company's expectations, 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 and consolidate acquisition of IP, assets, operating companies, etc. 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 has based these forward-looking statements on current expectations, assumptions, estimates and projections. Such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond FUNNs control. These and other important factors, including those discussed more fully elsewhere in this release and in the Company's filings may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements, or could affect FUNNS share price. The forward-looking statements contained in this release are not guarantees of future performance and actual results of operations, financial condition, and liquidity, and the development of the industry in which the Company operates may differ materially from the forward-looking statements contained in this release. Any forward-looking statement 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 or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events 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
