$NGTF Tarrytown, NY, Jan. 23, 2020 (GLOBE NEWSWIRE
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Posted On: 01/23/2020 9:48:17 AM
$NGTF Tarrytown, NY, Jan. 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Nightfood, Inc. (NGTF), the award-winning ice cream company addressing America’s $50 billion-dollar nighttime snacking problem, announced today that Company Founder and CEO Sean Folkson this week extended his existing lock-up agreement for an additional twelve-month period into 2021.
The Company filed an 8K on Tuesday, January 21, related to this agreement with Folkson, Nightfood Holdings’ single largest shareholder.
“We received questions from a couple of shareholders about the lock-up, so I wanted to address those publicly,” commented Folkson. “This Company is my past, my present, and my future, and I’m not looking to sell or otherwise decrease my share position in any way. With our introduction into hotels, and various consumer marketing initiatives that will come to light very soon, I’m expecting a breakout in consumer awareness and product demand. We’re in discussions with global executives at three of the top four global hotel brands and are rolling into new supermarket chains here in Q1 which will be disclosed shortly.”
The Company filed an 8K on Tuesday, January 21, related to this agreement with Folkson, Nightfood Holdings’ single largest shareholder.
“We received questions from a couple of shareholders about the lock-up, so I wanted to address those publicly,” commented Folkson. “This Company is my past, my present, and my future, and I’m not looking to sell or otherwise decrease my share position in any way. With our introduction into hotels, and various consumer marketing initiatives that will come to light very soon, I’m expecting a breakout in consumer awareness and product demand. We’re in discussions with global executives at three of the top four global hotel brands and are rolling into new supermarket chains here in Q1 which will be disclosed shortly.”
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