Major news just hit the wires
Published: Fri, 12/02/16
 Morning again, Sorry for interruption, but a press release by NGTF just the wires. And it's big news too regarding an acquisition of companies that have a license to manufacture and plans to distribute a new product into several major supermarket chains throughout the United States in early 2017. Check out the news below... NightFood Reaches Agreement to Acquire Suffield Foods TARRYTOWN, NY--(Marketwired - Dec 2, 2016) - NightFood Holdings, Inc. ( OTC PINK : NGTF ), a fully reporting "better-for-you" snack company, today announced that it has agreed to terms and signed a definitive agreement to acquire Suffield Foods, LLC, and Hook Marketing, LLC, contingent upon NightFood providing ongoing operating capital for Suffield operations. Hook has been granted a license to manufacture and distribute Fiber One™ ice cream, and conducts operations through its subsidiary, Suffield. "Over the last several months, we have had acquisition discussions with numerous companies in the snack space. We believe this deal with Suffield represents a tremendous opportunity, and I look forward to working with the Suffield team to help make Fiber One™ ice cream available to retailers and consumers across the country," stated NightFood CEO Sean Folkson. Ice cream industry veteran and Suffield CEO Frank Everett has been bolstered by the feedback he's received, "With Fiber One™ ice cream, we're delivering a unique set of benefits to the consumer and the retailer. This transaction will allow us access to the capital we need to manufacture, distribute, and support Fiber One™ ice cream at retail." Distribution plans call for the ice cream to be introduced into several major supermarket chains throughout the United States during the first half of 2017, along with broad distribution in supermarkets and drug stores throughout the New York Metro area. As part of the arrangement, NightFood has agreed to provide Suffield with the operating capital needed to launch Fiber One™ ice cream through the end of 2017, and can consummate the acquisition as early as mid-2017 provided the funding has been completed, and certain other conditions have been met. Shiznit Stocks ------------------------------------------------------------------------------------------------ Hello fellow investors / traders, After a 24%+ gain in our last pick, I've got another breakout chart that could be in play today.
And like our last pick, I believe this has short and longer term potential. Today I want you to focus on NightFood Holdings, Inc (NGTF). This was trading at over $2 a year ago, now its at just $0.30 - the bottom end of its current trading range. We think this could be an excellent risk v reward opportunity to enter at the lower end of this range and look for a move back to the upper limits at around $0.40 with a view for a breakout through $0.40. NGTF has an RSI of under 50 which suggests it is oversold, and just like our last pick, Barchart.com rates NGTF a buy. Major news announcements... NGTF has been releasing some big news in recent weeks, and as a result, trading volume has seen a dramatic uptick. A month ago, the Company announced that it has signed a letter of intent and agreed to terms to acquire a Fortune 500 company's licensee. The company to be acquired has secured a third-party license to manufacture and distribute their line of "better-for-you" products in an extremely popular snack category under an iconic brand name. Approval for this acquisition has already been granted by the licensor, a Fortune 500 company. "We are excited about the opportunity afforded by this transaction," commented NightFood CEO Sean Folkson. "This is a company that has secured what we believe is an extremely valuable license, from a brand with over 80% brand awareness and 23% household penetration in the U.S. and a fast-growing presence in Europe. We look forward to providing more details as soon as possible." In addition, NGTF recently announced they had began the process to up-list to the superior OTCQB market - a major step in gaining credibility in the market and attracting new investor interest. NightFood Holding, Inc (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. Per their website, NGTF's products are sold at GNC stores all across the West Coast USA, Hawaii and Alaska, as well as on Amazon.com. You can learn more about NGTF at their website http://nightfood.com/ But don't take the Company's word for it (or mine for that matter), you can read about NGTF's flagship product NightFood at many popular websites such as: http://parentinghealthy.com/2015/01/satisfy-late-night-cravings-for-good-with-nightfood-bars.html/ http://www.shape.com/celebrities/celebrity-photos/celebs-favorite-healthy-snacks-and-drinks and... http://www.skinnymom.com/9-weird-foods-celebrities-snack-on-to-lose-weight/ Our Conclusion... NGTF has the right "ingredients" for a winning trade. The chart is bullish, with well defined support levels and a flag formation showing. An entry at its current price around $0.30, with a breakout level through $0.40, could be a favorable risk v reward trade. The Company has an exciting product in a massive growth market - the healthy snack food sector - and its getting celebrity exposure. There has been some big news announcements recently which has seen an increase in investor interest and a strong uptick in trading volume. Get NGTF on your screen, do your research, and be ready to trade at the opening bell. www.ShiznitStocks.com
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