TARRYTOWN, N.Y., April 21, 2016 (GLOBE NEWSWIRE) -- NightFood Holdings, Inc. (OTC:NGTF), has announced that the Company has entered into an agreement with RFI Ingredients, LLC. This agreement grants NightFood exclusive use of RFI’s patented ingredient Chocamine® for use in any snacks formulated and marketed for nighttime consumption.
RFI has agreed to grant NightFood exclusivity in the nascent nighttime nutrition category, which has been estimated by Symphony IRI to represent over $1B/week in consumer spend. NightFood has agreed to set and meet future volume purchase requirements, and to feature Chocamine in NightFood products, as appropriate.
“We view this as an important step forward for the Company,” commented NightFood CEO Sean Folkson. “Chocamine is unique because of its ability to deliver so many of the important and well understood health benefits of chocolate, but without the caffeine, sugar, and fat content in most commercially available chocolate products. We believe that having the exclusive right to use this unique ingredient gives us an advantage.”
“Our goal as a company is to provide snacks that can help people satisfy their night cravings in a better, healthier, more sleep-friendly way. Chocamine is a key ingredient that allows us to fulfill that mission,” added Peter Leighton, NightFood’s CMO. “Utilizing novel natural ingredients such as Chocamine will further enhance and strengthen our position as category leader as this segment continues to grow over the next several years.”
NightFood has recently entered national distribution channels with its first product, the NightFood nutrition bar, in 2 flavors. Long-term plans include additional flavors of the nutrition bars, as well as possible entry into other popular nighttime snack formats such as ice cream, cookies, and salty snacks.
About NightFood:
NightFood (OTC:NGTF), “The Nighttime Snack Company”, is a snack food company dedicated to providing consumers delicious, better-for-you choices for evening snacking. NightFood is the first company to create products to address the unique nutritional needs consumers have at night. NightFood creates, manufactures, and distributes products to help consumers satisfy nighttime cravings in a better, healthier, more sleep friendly way. For more information, visit www.nightfood.com
Forward Looking Statements:
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