Nightfood
Receives Purchase Orders for Nationwide Hotel Launch
Sleep-friendly Ice Cream
Launching Nationally in Major Extended-Stay Hotel Chain
Tarrytown, NY -- April 18,
2022 -- InvestorsHub NewsWire -- Nightfood Holdings, Inc. (OTCQB:
NGTF), the
sleep-friendly snack company addressing the $50 billion Americans
spend annually on nighttime snacks, announced it has received its
first purchase orders for the national rollout of Nightfood ice
cream pints into a major extended-stay hotel chain with
approximately 500 locations in the United States. Nightfood expects
additional purchase orders to complete the national rollout in the
coming days, with the ice cream scheduled to be in the hotel
chain's freezers coast-to-coast in May.
The purchase orders include two of
Nightfood's most popular ice cream flavors, Cookies n' Dreams, and
Midnight Chocolate.
"We're excited to finally be entering
national hotel distribution as a result of our successful pilot
test last year," commented Nightfood CEO, Sean
Folkson.
"I believe hotels have an
inherent obligation to make sleep-friendly snacks available for
their guests every night and in every location, and this launch of
Nightfood is truly breaking new ground. We look forward to proudly
sharing more details after Nightfood is available in their
locations across the United States."
Because of the high-margin nature of hotel
distribution, Management believes profitability can be achieved
when Nightfood ice cream pint distribution reaches approximately
4,000 hotels, which is approximately 7 percent of the estimated
56,000 hotels in the United States. The Company also is in the process of
developing additional snack formats such as cookies and
single-serve ice cream sandwiches that it hopes to be able to add
to national distribution in the coming months.
Folkson continued, "These first purchase
orders are so important for reasons beyond our imminent launch into
our first major chain. There are tremendous barriers to breaking
into national distribution in the hospitality space for a young
brand.
This is the result of years of
hard work. But we believe that it's also just the
start.
We expect availability of
sleep-friendly snacks to become hotel industry
standard.
Our goal is for Nightfood snacks,
in multiple formats, to be sold in every hotel. We anticipate that securing this
coast-to-coast distribution will allow us to rapidly add more
hotels to our distribution roster, while also serving as an
effective deterrent and defensible competitive advantage against
competitors that may wish to enter the sleep-friendly snacking
category as we grow it."
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
By signing up at ir.nightfood.com,
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inbox.
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, supermarkets and 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