Nightfood
Provides Update on Hotel Launch Timeline of Sleep-Friendly
Snacks
Tarrytown, NY, March 2,
2022 – InvestorsHub NewsWire -- Nightfood, Inc. (OTCQB:
NGTF), the sleep-friendly nighttime snack company
addressing America's $50 billion nighttime snacking problem,
announced yesterday on a previously-scheduled investor update call
that it has received an updated timeline regarding its anticipated
launch into national hotel distribution.
The hotel chain which tested Nightfood in
their hotel lobby shops in 2021 is expected to be the first to
introduce Nightfood into national distribution. This chain has over 500 American locations
and is part of a global hotel brand that has several thousand
properties in the United States.
The Company received confirmation on Friday,
February 25, 2022 that initial purchase orders for the national
hotel launch of Nightfood ice cream pints will be placed this
month, and could come as early as this week or
next.
In light of the fact that launch
timelines previously presented to the Company have been pushed back
multiple times in recent quarters, Management notes that additional
delays remain possible.
Due to signed confidentiality agreements,
Management is not at liberty at this time to disclose the identity
of the first chain planning to launch Nightfood, or of the
international hospitality company group purchasing ("GPO")
organization with which the Company recently entered into an
agreement which went into effect yesterday, March 1,
2022.
"We're thrilled to have a signed agreement
with our new GPO partner as Nightfood prepares to roll into our
first national hotel distribution," commented Nightfood CEO Sean
Folkson.
"They service thousands of hotels
across the country, representing virtually all the major brands and
banners.
With their support, influence,
and insights, our hope is that Nightfood sleep-friendly snacks will
soon become a fixture in hotel lobby shops from coast to
coast."
The two Nightfood flavors expected to be
available soon in hotel lobby shops are Cookies n' Dreams and
Midnight Chocolate. Should purchase orders be received by the
Company on the current timeline, it is expected Nightfood ice cream
pints would begin appearing in in hotel freezers in April,
2022.
About
Nightfood
Nightfood is pioneering the nighttime snack
category.
Over 80% of Americans snack regularly at
night, resulting in an estimated 700 million nighttime snack
occasions weekly, and an annual spend on night snacks of over $50
billion.
The most popular choices are ice
cream, cookies, chips, and candy. Recent research confirms such snacks, in
addition to being generally unhealthy, can impair sleep, partly due
to excess fat and sugar consumed before bed.
Nightfood's sleep-friendly snacks are
formulated by sleep and nutrition experts to contain less of those
sleep-disruptive ingredients, along with a focus on ingredients and
nutrients that research suggests can support nighttime relaxation
and better sleep quality.
Questions can be directed
to investors@Nightfood.com
Management also encourages Nightfood
shareholders to connect with the Company via these
methods:
E-mail: By signing up at ir.nightfood.com,
investors can receive updates of filings and news releases in their
inbox.
Telegram:
There is now a live, interactive Telegram group which interested
parties can join to reach team members and discuss Nightfood. Ask
questions, learn more about the company and discuss future
prospects. Join the Telegram Group Here: https://t.me/NightfoodHoldings
Forward Looking
Statements:
This current press release contains
"forward-looking statements. Statements in this press release which
are not purely historical (including, but not limited to statements
that contain words such as "will," "believes," "plans,"
"anticipates," "expects" and "estimates") are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future, including but not
limited to, sales projections, potential customers, any products
sold or cash flow from operations.
Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, (a) the inherent
uncertainties associated with distribution of our products, (b) the
market acceptance of our products at all levels of distribution and
sale, including retail purchasers, wholesalers and hotel chains,
(c) the success and commitment of our distribution partners to
access distribution channels and successfully engage with sellers
of our products, including hotel chains, and our success in
obtaining purchase orders from hotel chains, supermarkets and
others, (d) competition from existing and new companies and
products and (e) difficulties associated with obtaining financing
on acceptable terms. These forward-looking statements are made as
of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our most
recent annual report for our last fiscal year, our quarterly
reports, and other periodic reports filed from time-to-time with
the Securities and Exchange Commission.
Media Contact:
Simon Dang
simon@nightfood.com
718-635-2949
Investor
Contact:
Stuart Smith
SmallCapVoice
investors@nightfood.com
888-888-6444, x3