Nightfood provides update on hotel launch schedule
Tarrytown, New York, March 02, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Nightfood, Inc. (OTCQB: NGTF), the sleep-friendly nighttime snack company tackling the $50 billion nighttime snacking problem in the United States, announced on an investor update call yesterday that it had received an updated timeline day regarding its planned launch in national hotel distribution.
The hotel chain that trialled Nightfood in its hotel lobby shops in 2021 is set to be the first to introduce Nightfood to national distribution. This chain has more than 500 American establishments and is part of a global hotel brand that has several thousand establishments in the United States.
The company received confirmation on Friday, February 25, 2022 that initial purchase orders for the national launch of Nightfood Pints of Ice Cream will be placed this month and could arrive as early as this week or next. Considering that the launch timelines previously presented to the Company have been pushed back several times in recent quarters, management notes that further delays remain possible.
Due to signed confidentiality agreements, management is not at this time free to disclose the identity of the first chain planning to launch Nightfood, or the international purchasing organization of the hotel group of companies (” GPO”) with which the company recently entered into an agreement. which entered into force yesterday, March 1, 2022.
“We are delighted to have signed an agreement with our new GPO partner as Nightfood prepares to become our first national hotel distribution,” commented Nightfood CEO Sean Folkson. “They service thousands of hotels across the country, representing virtually every major brand and banner. With their support, influence and ideas, we hope that Nightfood Sleep-Friendly Snacks will soon become a staple in hotel lobbies stores coast to coast.
The two flavors of Nightfood expected to be available in hotel lobby shops soon are Cookies n’ Dreams and Midnight Chocolate. If purchase orders are received by the company within the current time frame, Nightfood ice cream pints are expected to begin appearing in hotel freezers in April 2022.
Nightfood is the pioneer of the nighttime snack category.
More than 80% of Americans regularly snack at night, resulting in approximately 700 million nighttime snacking occasions per week and annual nighttime snacking spending of more than $50 billion. The most popular choices are ice cream, cookies, chips, and candies. Recent research confirms that these snacks, in addition to being generally unhealthy, can impair sleep, in part due to the excess fat and sugar consumed before bedtime.
Nightfood’s sleep-friendly snacks are formulated by sleep and nutrition experts to contain fewer sleep-disrupting ingredients, with a focus on ingredients and nutrients that research shows can support nighttime relaxation and better quality of sleep.
Questions can be directed to [email protected]
Management also encourages Nightfood shareholders to contact the Company through these methods:
E-mail: By signing up at ir.nightfood.com, investors can receive filing updates and press releases in their inbox.
Telegram: There is now a live interactive Telegram group that interested parties can join to contact 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
This current press release contains “forward-looking statements”. “expects” and “estimates”) are forward-looking statements and include all statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to, projections of sales, leads, products sold or operating cash flow.
Actual results could differ from those projected in the forward-looking statements due to many factors. These factors include, among others, (a) the uncertainties inherent in the distribution of our products, (b) market acceptance of our products at all levels of distribution and sales, including retail buyers, wholesalers and hotel chains, (c) the success and commitment of our channel partners in accessing distribution channels and successfully engaging with sellers of our products, including hotel chains, and our success obtaining purchase orders from hotel chains, supermarkets and others, (d) competition from existing and new businesses and products and (e) difficulties in obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this press release, and we undertake 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 correct. Investors should review all of the information set forth herein and should also refer to the disclosure of risk factors described in our most recent annual report for our most recently completed financial year, our quarterly reports and other periodic reports filed from time to time with the securities. and exchange commission.