Nightfood Ice Cream Expands into California Through Distribution Partnership with Wonder Ice Cream of Santa Clara Adding 300 Independent Supermarkets; Highest Revenue Quarter in Company History
TARRYTOWN, NY, Feb. 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Nightfood, Inc. (OTCQB: NGTF), the innovative company solving America’s $50 billion-dollar nighttime snacking problem, has announced entry into the northern California market through a distribution relationship with the Wonder Ice Cream Company.
Wonder is headquartered in Santa Clara, less than 10 miles north of San Jose, and about 45 miles south of San Francisco and Oakland. Wonder serves thousands of convenience stores, independent supermarkets, and specialty retailers across all of northern California, from Bakersfield to the Oregon border, and distributes brands such as Breyer’s, Ben & Jerry’s, Klondike, and Good Humor.
Among the several thousand retail outlets Wonder services, there are approximately 300 upscale, high-volume, independent supermarkets which will be stocking Nightfood immediately, within the next four to eight weeks.
“We’re thrilled to so quickly add a substantial presence in and around the San Francisco Bay Area,” commented Sean Folkson, CEO of Nightfood. “Over time, we expect the amount of business we do with Wonder to grow dramatically as some of the national accounts they currently service begin to carry Nightfood.”
The highly anticipated national roll-out of Nightfood continues. The brand recently won 2019 Product of the Year in the ice cream category, in a survey of over 40,000 consumers conducted by Kantar Group.
“The amount of media the Nightfood brand has received in recent weeks made this relationship very attractive for us,” stated Eric Capuchino, General Manager of Wonder. “We anticipate this product to be very much in demand among the clientele serviced by our upscale, independent supermarkets.”
The Company has already shipped product to fulfill the initial Wonder purchase order, which was received on February 19. As of the date of this release, Nightfood revenues to date for the current quarter have surpassed the $102,188 reported for the quarter ending September 30, 2018, making this the highest revenue quarter in Company history.
About Nightfood Holdings:
Nightfood Holdings, Inc. (OTC: NGTF), owns Nightfood, Inc. and MJ Munchies, Inc.
On Feb 8, 2019, it was announced that Nightfood ice cream won the 2019 Product of the Year award in the ice cream category in a Kantar survey of over 40,000 consumers.
With the overwhelming majority of at-home ice cream consumption occurring in the hours before bed, Nightfood’s sleep-friendly nighttime ice cream, formulated by sleep and nutrition experts, delivers benefits found in no other product on the market.
Market research giant Mintel recently released a report identifying nighttime specific food and beverages as one of their most “compelling and category changing” trends for 2017 and beyond.
Nightfood ice cream is rolling out nationally, and has recently announced distribution in the popular Meijer supermarket chain throughout the Midwest, with concentration in the metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee.
To enter the Nightfood® Ice Cream Giveaway, where the Company is giving away a one-year supply of Nightfood ice cream, plus a brand-new freezer to store it in, visit http://nightfoodicecream.com – each entrant gets a coupon for a free pint of ice cream (some purchase required).
MJ Munchies, Inc. was formed in 2018 as a new, wholly owned subsidiary of Nightfood Holdings, Inc. to capitalize on legally compliant opportunities in the CBD and marijuana edibles and related spaces. The Company intends to market some of these new products under the brand name “Half-Baked”, for which they’ve successfully secured trademark rights.
Questions can be directed to investors@Nightfood.com
Forward Looking Statements:
This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, 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, the inherent uncertainties associated with distribution and 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: Tim Sullivan media@Nightfood.com 732-816-0239 Investor Contact: Stuart Smith investors@Nightfood.com 888-888-6444, x3
Released February 26, 2019