Nightfood Signs Letter of Intent to Acquire Los Angeles Cooking School, Integrating Automation and Robotics with World-Class Culinary Training
Nightfood Holdings, Inc. (OTCQB: NGTF) has signed a Letter of Intent to acquire Stratford Education Group Inc., operating as the Los Angeles Cooking School. This acquisition aims to integrate automation and robotics with culinary training, positioning the school as a leader in food preparation automation, robotics, and AI integration. The move aligns with Nightfood's vision to combine Future Hospitality's Robotics-as-a-Service model with culinary education.
Sonny Wang, CEO of Nightfood, emphasized the acquisition's importance in their growth strategy, aiming to create a platform that merges culinary education with automation technology. Christopher Becker, president of Stratford Education Group, highlighted the future role of automation, robotics, and AI in culinary arts, stating that the partnership with Future Hospitality will enable the school to provide unmatched end-to-end solutions in the industry.
Nightfood Holdings, Inc. (OTCQB: NGTF) ha firmato una Lettera di Intenti per acquisire Stratford Education Group Inc., che opera come la Los Angeles Cooking School. Questa acquisizione mira a integrare automazione e robotica con la formazione culinaria, posizionando la scuola come leader nell'automazione della preparazione alimentare, robotica e integrazione dell'IA. Questa mossa è in linea con la visione di Nightfood di combinare il modello Robotics-as-a-Service di Future Hospitality con l'educazione culinaria.
Sonny Wang, CEO di Nightfood, ha sottolineato l'importanza dell'acquisizione nella loro strategia di crescita, puntando a creare una piattaforma che unisca l'educazione culinaria con la tecnologia di automazione. Christopher Becker, presidente di Stratford Education Group, ha evidenziato il futuro ruolo dell'automazione, della robotica e dell'IA nelle arti culinarie, affermando che la partnership con Future Hospitality consentirà alla scuola di fornire soluzioni complete senza pari nel settore.
Nightfood Holdings, Inc. (OTCQB: NGTF) ha firmado una Carta de Intenciones para adquirir Stratford Education Group Inc., que opera como la Los Angeles Cooking School. Esta adquisición tiene como objetivo integrar automatización y robótica con la formación culinaria, posicionando a la escuela como líder en automatización de la preparación de alimentos, robótica e integración de IA. Este movimiento está alineado con la visión de Nightfood de combinar el modelo Robotics-as-a-Service de Future Hospitality con la educación culinaria.
Sonny Wang, CEO de Nightfood, enfatizó la importancia de la adquisición en su estrategia de crecimiento, buscando crear una plataforma que fusione la educación culinaria con la tecnología de automatización. Christopher Becker, presidente de Stratford Education Group, destacó el futuro papel de la automatización, la robótica y la IA en las artes culinarias, afirmando que la asociación con Future Hospitality permitirá a la escuela ofrecer soluciones integrales sin igual en la industria.
Nightfood Holdings, Inc. (OTCQB: NGTF)는 로스앤젤레스 요리 학교로 운영되는 Stratford Education Group Inc. 인수에 대한 의향서를 체결했습니다. 이번 인수는 자동화 및 로봇 공학과 요리 교육을 통합하는 것을 목표로 하며, 학교를 음식 준비 자동화, 로봇 공학, 그리고 AI 통합의 선두주자로 자리 잡게 합니다. 이 조치는 Future Hospitality의 Robotics-as-a-Service 모델과 요리 교육을 결합하려는 Nightfood의 비전과 맞아떨어집니다.
Nightfood의 CEO인 Sonny Wang은 이 인수가 성장 전략에서 중요한 역할을 한다고 강조하며 요리 교육과 자동화 기술을 결합한 플랫폼을 만드는 것을 목표로 하고 있습니다. Stratford Education Group의 사장인 Christopher Becker는 요리 예술에서 자동화, 로봇 공학, 및 AI의 미래 역할을 강조하며, Future Hospitality와의 파트너십이 학교가 업계에서 뛰어난 모든 차원의 솔루션을 제공할 수 있도록 할 것이라고 말했습니다.
Nightfood Holdings, Inc. (OTCQB: NGTF) a signé une lettre d'intention pour acquérir Stratford Education Group Inc., opérant sous le nom de Los Angeles Cooking School. Cette acquisition vise à intégrer l'automatisation et la robotique à la formation culinaire, positionnant l'école en tant que leader dans l'automatisation de la préparation alimentaire, la robotique et l'intégration de l'IA. Ce mouvement s'aligne avec la vision de Nightfood d'associer le modèle Robotics-as-a-Service de Future Hospitality à l'éducation culinaire.
Sonny Wang, PDG de Nightfood, a souligné l'importance de cette acquisition dans leur stratégie de croissance, visant à créer une plateforme qui fusionne l'éducation culinaire avec la technologie d'automatisation. Christopher Becker, président de Stratford Education Group, a souligné le futur rôle de l'automatisation, de la robotique et de l'IA dans les arts culinaires, déclarant que le partenariat avec Future Hospitality permettra à l'école de fournir des solutions complètes sans précédent dans l'industrie.
Nightfood Holdings, Inc. (OTCQB: NGTF) hat einen Absichtserklärung unterzeichnet, um Stratford Education Group Inc. zu übernehmen, die als Los Angeles Cooking School tätig ist. Diese Übernahme zielt darauf ab, Automatisierung und Robotik mit der kulinarischen Ausbildung zu integrieren und die Schule als führend in der Automatisierung der Lebensmittelzubereitung, Robotik und der Integration von KI zu positionieren. Dieser Schritt steht im Einklang mit der Vision von Nightfood, das Robotics-as-a-Service-Modell von Future Hospitality mit der kulinarischen Ausbildung zu verbinden.
Sonny Wang, CEO von Nightfood, betonte die Bedeutung der Übernahme für ihre Wachstumsstrategie, die darauf abzielt, eine Plattform zu schaffen, die kulinarische Ausbildung mit Automatisierungstechnologie verbindet. Christopher Becker, Präsident der Stratford Education Group, hob die zukünftige Rolle von Automatisierung, Robotik und KI in den kulinarischen Künsten hervor und erklärte, dass die Partnerschaft mit Future Hospitality der Schule ermöglichen wird, unvergleichliche End-to-End-Lösungen in der Branche anzubieten.
- Acquisition of Los Angeles Cooking School expands Nightfood's portfolio in the culinary education sector
- Integration of automation and robotics training enhances the school's course offerings
- Potential for creating a unique, competitive advantage in the growing food service automation market
- Synergy between Future Hospitality's Robotics-as-a-Service model and culinary education
- Acquisition is subject to closing conditions and regulatory approvals, which may delay or prevent completion
- Integration challenges may arise when combining traditional culinary education with new technology training
- Financial terms of the acquisition not disclosed, potential impact on Nightfood's finances unclear
TARRYTOWN, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- via IBN – Nightfood Holdings, Inc. (OTCQB: NGTF), an acquisition and development holding company, announces today that it has signed a Letter of Intent (LOI) to acquire Stratford Education Group Inc., doing business as the Los Angeles Cooking School.
The Los Angeles Cooking School is renowned for its exceptional culinary training and education programs. Course offerings are being expanded to include state-of-the-art training for hospitality and food service operators wanting to leverage robotics and automation solutions.
The vision is to establish the Los Angeles Cooking School as the world-class leader in integration of food preparation automation, robotics and artificial intelligence (AI). This powerful synergy is what management envisioned when the initiative to acquire both Future Hospitality and Los Angeles Cooking School was conceived in late 2023.
The Robotics-as-a-Service business model of Future Hospitality is a unique and robust approach to lowering the barriers of entry to automation within the foodservice, restaurant and hospitality industry. By providing training for integration and implementation, Nightfood’s vertical integration can provide a competitive advantage in this fast-growing space.
Sonny Wang, CEO of Nightfood Holdings, Inc., commented: “The acquisition of the Los Angeles Cooking School marks an important milestone in our growth strategy. We see tremendous leverage in pioneering a platform where culinary education meets the future in automation technology. By making it easier to integrate automation, AI and robotics, we will empower food entrepreneurs to launch and scale the technology needed to survive and thrive in the marketplace of the future.”
Christopher Becker, president of Stratford Education Group, shared: “Human creativity and touch will never disappear. But automation, robotics and AI are a major part of the future of the culinary arts. Working with Future Hospitality the Los Angeles Cooking School will deliver world-class training in this new space, allowing Nightfood to provide an end-to-end solution unmatched in the industry.”
The transaction is subject to customary closing conditions, including the execution of definitive agreements and necessary regulatory approvals.
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.
Through our subsidiary, Future Hospitality Ventures Holdings, Inc., we are at the forefront of introducing and deploying AI-enabled robotics products, revolutionizing operational efficiencies and customer experiences across restaurants, foodservice operations, and hospitality on a Robotics-as-a-Service model.
About Stratford Education Group, Inc. dba Los Angeles Cooking School
The Los Angeles Cooking School is a world-class culinary education institution. With a focus on hands-on learning and practical skills, the school has earned a reputation for excellence in culinary training and education in recent years. That reputation and experience will be applied to training in robotics, automation, and AI as the future of the culinary arts.
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, 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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