Subject: NGTF Updates on Two Blockbuster Markets and Retires 500K Shares

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NGTF Updates on Two Blockbuster Markets and Retires 500K Shares
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Company: Nightfood Holdings Inc. (Pink Sheets: NGTF)


Price: 0.173

Change (%): - 0.002 (1.14)

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Nightfood Holdings, Inc. Retires 500,000 Shares, Update on Product Launches in Two Multi-Billion Dollar Categories

Tarrytown, NY, Nov. 20, 2018 (GLOBE NEWSWIRE) - via NEWMEDIAWIRE - Nightfood Holdings, Inc. (OTC: NGTF), a pioneering consumer goods brand development company that owns both Nightfood, Inc. and MJ Munchies Inc., announced today that 500,000 shares of Company common stock have been retired.

The shares, originally issued in November 2017 in conjunction with an advertising and consulting agreement, were returned to the Company on November 19, 2018, and immediately retired.

“Through no fault of their own, the Consultant was unable to complete the agreed-upon deliverables within the mutually-established timeline,” explained CEO Sean Folkson. “While the return did take a bit longer than we’d hoped due to some logistical issues which delayed our 10Q filing, we wish to thank the Consultant and their partners for handling this issue in a most cooperative and professional manner.”

Management remains focused on protecting and enhancing shareholder value, and expects an exciting end to 2018 and an explosive start to 2019.

Nightfood is launching its much-anticipated nighttime ice cream as an answer to America’s $50 billion nighttime snack spend. The Company has held meetings with five of the largest retail chains in the country over the last several weeks, and has announced a significant retail footprint for Nightfood ice cream can be expected in Q1. For reasons of confidentiality, the Company has not yet named any retailers that have committed to carrying Nightfood ice cream, although such commitments have now been secured and more are expected.

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