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| NGTF Updates All on Informative Shareholder Call Details |
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 Hot Stock to Watch |
Company: Nightfood Holdings Inc. (Pink Sheets: NGTF)
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Last:
Price: 0.271
Change (%): - 0.017 (5.90)
Volume: 66,537 |
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Nightfood Holdings, Inc. October Investor Call Recap
Tarrytown, NY, Oct. 11, 2018 (GLOBE NEWSWIRE) - via NEWMEDIAWIRE - Nightfood, Inc. (OTC: NGTF), owner of Nightfood, Inc. and MJ Munchies, Inc., conducted a quarterly investor call on October 10, 2018. That call is now archived here.
CEO Sean Folkson answered questions submitted by investors and other interested parties, asked by Stuart Smith of SmallCapVoice. For investor convenience, a recap of key information, along with selected excerpts of the call, are contained below.
Folkson announced that the first two sales meetings for Nightfood ice cream were held last week with major retail chains and that the buyers were very enthusiastic. Folkson expressed great confidence that distribution would be secured in both chains, characterizing one chain at 95% confidence level, and the other at 80-90%.
It was mentioned that the ice cream could be in as many as 15,000 points of distribution in early 2019 based on the meetings already held, and those to be held in the coming weeks. Over 2,000 of those outlets are high-volume regional supermarkets. Folkson indicated that the release of financial projections would not be possible until it is known for certain how many points of distribution will be secured.
However, Folkson did walk through the math of how 2,000 supermarkets would be expected to translate to over $6 Million in annualized revenue if the product were to sell at a modest rate (enough unit sales to retain shelf space).
It was also made clear that additional distribution points could be added during the course of 2019, as well as another major expansion next fall in time for Q1 2020.
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