Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com
Nightfood Holdings Inc. (OTCQB: NGTF) has completed a strategic all-stock acquisition of SWC Group Inc., operating as CarryoutSupplies.com. This move is a significant step in Nightfood's growth and Nasdaq-uplist strategy. CarryOut, a leading wholesaler of custom takeout packaging for the foodservice industry, served over 7,000 accounts and rebounded in 2023 with $2 million in revenue, projecting 20% growth in 2024.
The acquisition offers strategic benefits including expanded product offerings, synergistic growth opportunities, and operational efficiencies. It allows Nightfood to better serve existing customers, enter new markets, and streamline back-office operations across its subsidiaries. CEO Sonny Wang expressed excitement about the acquisition's potential to drive value through operational efficiencies and product integration.
Nightfood Holdings Inc. (OTCQB: NGTF) ha completato un'acquisizione strategica totalmente azionaria della SWC Group Inc., operante come CarryoutSupplies.com. Questo movimento rappresenta un passo significativo nella crescita di Nightfood e nella sua strategia di quotazione al Nasdaq. CarryOut, un importante grossista di imballaggi personalizzati per il settore della ristorazione, ha servito oltre 7.000 clienti ed è rientrato nel 2023 con 2 milioni di dollari di fatturato, prevedendo una crescita del 20% nel 2024.
L'acquisizione offre benefici strategici tra cui un ampliamento dell'offerta di prodotti, opportunità di crescita sinergica e efficienze operative. Consente a Nightfood di servire meglio i clienti esistenti, entrare in nuovi mercati e semplificare le operazioni di back-office attraverso le sue filiali. Il CEO Sonny Wang ha espresso entusiasmo riguardo al potenziale dell'acquisizione di generare valore attraverso efficienze operative e integrazione dei prodotti.
Nightfood Holdings Inc. (OTCQB: NGTF) ha completado una adquisición estratégica totalmente en acciones de SWC Group Inc., que opera como CarryoutSupplies.com. Este movimiento representa un paso significativo en el crecimiento de Nightfood y en su estrategia de listado en el Nasdaq. CarryOut, un importante mayorista de envases personalizados para la industria de la restauración, ha atendido a más de 7,000 cuentas y se recuperó en 2023 con 2 millones de dólares en ingresos, proyectando un crecimiento del 20% en 2024.
La adquisición ofrece beneficios estratégicos que incluyen la expansión de la oferta de productos, oportunidades de crecimiento sinérgico y eficiencias operativas. Permite a Nightfood atender mejor a los clientes existentes, ingresar a nuevos mercados y optimizar las operaciones administrativas en sus subsidiarias. El CEO Sonny Wang expresó su entusiasmo por el potencial de la adquisición para impulsar el valor a través de eficiencias operativas e integración de productos.
Nightfood Holdings Inc. (OTCQB: NGTF)는 CarryoutSupplies.com으로 운영되는 SWC Group Inc.의 전략적 전액 주식 인수를 완료했습니다. 이 움직임은 Nightfood의 성장과 Nasdaq 상장 전략에 있어 중요한 단계입니다. CarryOut은 외식 산업을 위한 맞춤형 테이크아웃 포장재의 주요 도매업체로, 7,000개 이상의 계정을 서비스했으며, 2023년에는 200만 달러의 매출을 기록하며 반등하였고, 2024년에는 20%의 성장을 예상하고 있습니다.
이번 인수는 전략적 이점을 제공하여 제품 제공 확대, 시너지 성장 기회 및 운영 효율성을 포함합니다. 이는 Nightfood가 기존 고객을 더 잘 서비스하고, 새로운 시장에 진입하며, 자회사 간의 백오피스 운영을 간소화할 수 있게 합니다. CEO Sonny Wang은 운영 효율성과 제품 통합을 통해 가치를 창출할 수 있는 인수의 잠재력에 대해 기대감을 표명했습니다.
Nightfood Holdings Inc. (OTCQB: NGTF) a terminé une acquisition stratégique entièrement en actions de SWC Group Inc., qui opère sous CarryoutSupplies.com. Ce mouvement représente une étape significative dans la croissance de Nightfood et sa stratégie de cotation au Nasdaq. CarryOut, un grossiste de premier plan en emballages à emporter personnalisés pour l'industrie de la restauration, a servi plus de 7 000 comptes et a connu un rebond en 2023 avec 2 millions de dollars de revenus, prévoyant une croissance de 20 % en 2024.
Cette acquisition offre des bénéfices stratégiques tels que l'élargissement de l'offre de produits, des opportunités de croissance synergiques et des efficacités opérationnelles. Elle permet à Nightfood de mieux servir les clients existants, d'entrer sur de nouveaux marchés et de rationaliser les opérations administratives dans ses filiales. Le PDG Sonny Wang a exprimé son enthousiasme quant au potentiel de l'acquisition pour générer de la valeur grâce à des efficacités opérationnelles et à l'intégration des produits.
Nightfood Holdings Inc. (OTCQB: NGTF) hat eine strategische Akquisition von SWC Group Inc., die als CarryoutSupplies.com operiert, vollständig in Aktien abgeschlossen. Dieser Schritt ist ein bedeutender Fortschritt im Wachstum von Nightfood und in seiner Strategie zur Notierung an der Nasdaq. CarryOut, ein führender Großhändler für maßgeschneiderte Takeout-Verpackungen für die Gastronomie, bediente über 7.000 Kunden und erholte sich 2023 mit 2 Millionen Dollar Umsatz und prognostiziert ein Wachstum von 20% im Jahr 2024.
Die Akquisition bietet strategische Vorteile, darunter ein erweitertes Produktangebot, synergetische Wachstumschancen und operationale Effizienz. Sie ermöglicht es Nightfood, bestehende Kunden besser zu bedienen, in neue Märkte einzutreten und die Back-Office-Operationen in ihren Tochtergesellschaften zu optimieren. CEO Sonny Wang äußerte sich begeistert über das Potenzial der Akquisition, Werte durch operative Effizienz und Produktintegration zu schaffen.
- Acquisition of CarryoutSupplies.com adds $2 million in revenue to Nightfood Holdings
- CarryoutSupplies.com projects 20% revenue growth in 2024
- Acquisition expands Nightfood's product offerings and customer base in the foodservice industry
- Expected operational efficiencies and cost reductions through back-office consolidation
- Potential for cross-promotion and introduction of Nightfood products to CarryOut's customer network
- All-stock acquisition may lead to shareholder dilution
- Integration challenges could arise from merging different business operations
- CarryoutSupplies.com faced significant challenges during the COVID-19 pandemic, indicating potential vulnerability to market disruptions
TARRYTOWN, N.Y., Sept. 10, 2024 (GLOBE NEWSWIRE) -- via IBN – Nightfood Holdings Inc. (“Nightfood”) (OTCQB: NGTF) is pleased to announce the closing of its strategic all-stock acquisition of SWC Group Inc., doing business as CarryoutSupplies.com (“CarryOut”). CarryOut is a leading wholesaler and distributor of custom takeout packaging for the foodservice industry, with traditional, biodegradable and compostable options.
This acquisition is a significant step in Nightfood’s growth and Nasdaq-uplist strategy, which was initially announced in November 2023. In the last seven months, under the leadership of new Chief Executive Officer Sonny Wang, Nightfood has successfully completed two all-stock acquisitions and brought in millions in revenue and assets.
Founded in 2004, CarryOut has served more than 7,000 food services accounts, specializing in providing packaging solutions such as ice cream cups, coffee cups, lids and utensils to small and medium-sized foodservice businesses including restaurants, cafes, ice cream parlors, tea houses and yogurt shops. Despite facing significant challenges during the COVID-19 pandemic, CarryOut rebounded in 2023 with
Strategic Value and Synergies
The acquisition of CarryOut offers numerous strategic benefits to Nightfood, enhancing operational efficiencies, expanding its customer base and bolstering its product offerings. This integration allows for:
- Expanded Product Offerings: With CarryOut’s extensive packaging solutions now under the Nightfood umbrella, Nightfood can better serve existing customers and enter new markets by offering a comprehensive range of products across its subsidiaries.
- Synergistic Growth Opportunities: By aligning CarryOut’s network of small and medium-sized foodservice operators with Nightfood’s offerings, Nightfood anticipates new opportunities for cross-promotion, including the introduction of Nightfood's healthy snacks and service robotics solutions to restaurants, cafes and dessert shops.
- Operational Efficiencies: This acquisition will streamline back-office operations across Nightfood’s subsidiaries, including the consolidation of accounting services, shared legal resources, interchangeable staffing and a more unified management team. These synergies are expected to improve human and capital resource allocation, driving down overall costs.
Sonny Wang commented: “We are thrilled to announce the successful acquisition of CarryoutSupplies.com and excited for what we believe this acquisition will allow Nightfood to accomplish. This deal not only strengthens our position in the foodservice industry but also can drive immense value through operational efficiencies and the integration of complementary products and services across Nightfood’s subsidiaries. We look forward to working with the CarryOut team to exceed the heights it achieved pre-COVID, made possible by its recent growth.”
Looking Ahead
The closing of this all-stock acquisition marks a pivotal moment in Nightfood’s growth and Nasdaq-uplist strategy. We are confident that the combined strengths of the subsidiaries currently under Nightfood’s umbrella, as well as other companies we expect to acquire in the near future, will drive long-term success and create value for all stakeholders.
About Nightfood Holdings, Inc.
Nightfood Holdings Inc. (OTCQB: NGTF) is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the hospitality, food services, consumer packaged goods and commercial real estate sectors. Our mission is to create unparalleled upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval.
We are at the forefront of introducing and deploying AI-enabled robotics products, revolutionizing operational efficiencies and customer experiences across our focus areas. Additionally, we are committed to developing and marketing wellness-focused consumer packaged goods, meeting the growing demand for healthier and functional options. Through these strategic initiatives, Nightfood endeavors to drive significant value and growth for our shareholders.
About Carryoutsupplies.com
SWC Group Inc., doing business as Carryoutsupplies.com, is a leading provider of disposable takeout packaging solutions serving the entire United States. The company specializes in custom traditional and eco-friendly custom printed packaging for small and medium-sized restaurants, dessert shops and other foodservice businesses.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "guidance," "may," "can," "could," "will," "potential," "should," "goal" and variations of these words or similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Nightfood’s current expectations and speak only as of the date of this release. Actual results may differ materially from Nightfood’s current expectations depending upon a number of factors. These factors include, among others, adverse changes in general economic and market conditions, competitive factors including, but not limited to, pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, and risks associated with managing the growth of the business. Except as required by law, Nightfood does not undertake any responsibility to revise or update any forward-looking statements whether as a result of new information, future events or otherwise. More detailed information about Nightfood and the risk factors that may affect the realization of forward-looking statements is set forth in Nightfood’s filings with the Securities and Exchange Commission (“SEC”). Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov.
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