Nightfood Holdings (NGTF) Issues Shareholder Update on Imminent Strategic Acquisitions and Rapid Expansion in AI-Powered Hospitality Automation

Rhea-AI Summary

Nightfood Holdings (NGTF) has announced progress on two strategic acquisitions aimed at expanding its presence in hospitality automation. The company is finalizing the acquisition of Carryout Supplies , strengthening its position in the hospitality supply chain, with closing expected imminently.

Additionally, NGTF is advancing toward acquiring Skytech Automated Solutions, a provider of robotics and AI-driven hospitality solutions. Skytech has recently expanded its presence by launching its Laundry Helper robot at a second location. The Skytech acquisition is scheduled to close following the Carryout Supplies deal.

These strategic moves position Nightfood as an innovator in AI-powered hospitality automation, with the company actively evaluating additional opportunities for expansion.

Positive

• Strategic expansion into AI-powered hospitality automation through two acquisitions
• Skytech's successful deployment of Laundry Helper robot at second location shows scalability
• Strengthening market position in hospitality supply chain through Carryout Supplies acquisition

Negative

• Financial terms of acquisitions not disclosed
• Integration risks associated with multiple simultaneous acquisitions

News Market Reaction

+14.86%

1 alert

+14.86% News Effect

On the day this news was published, NGTF gained 14.86%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

03/27/2025 - 08:30 AM

TARRYTOWN, NY, March 27, 2025 (GLOBE NEWSWIRE) -- via IBN -- Nightfood Holdings, Inc. (OTCQB: NGTF) is revolutionizing the hospitality industry by combining artificial intelligence (AI)-powered robotics with strategic hotel acquisitions and is excited to update shareholders on significant imminent milestones in its strategic expansion.

The team is working diligently to finalize the acquisitions of Carryout Supplies (S W C Group) and Skytech Automated Solutions, Inc. in the very near term. The Carryout Supplies acquisition, which represents a key strategic step in expanding Nightfood’s presence in the hospitality supply chain, is expected to close imminently.

Concurrently, the Company is advancing swiftly toward the closing of its planned acquisition of Skytech Automated Solutions, a leading provider of robotics and AI-driven solutions for the hospitality industry. Skytech recently launched its Laundry Helper robot at a second location, underscoring the scalability and impact of its automation technology. The Skytech closing is anticipated to follow shortly after the completion of the Carryout Supplies transaction.

These acquisitions highlight Nightfood’s strategic vision, positioning the Company as a prominent innovator at the intersection of advanced AI and hospitality automation, significantly expanding its market presence and competitive positioning.

Nightfood continues actively evaluating further strategic opportunities to enhance its innovative market leadership, demonstrating a clear commitment to aggressive, value-driven expansion.

Jamie Steigerwald, chairman of Nightfood Holdings, stated enthusiastically: "We’re incredibly excited about the closings of these strategic acquisitions, especially Skytech, which strategically positions Nightfood as a rising leader in AI and robotics within the hospitality sector. This is a transformative moment for our Company and our shareholders, bringing substantial opportunities for growth and shareholder value creation."

About Nightfood Holdings, Inc. (OTCQB: NGTF)

Nightfood Holdings, Inc. is revolutionizing the hospitality industry by combining AI-powered robotics with strategic hotel acquisitions. The Company's innovative approach uses advanced automation technology to significantly improve hotel efficiency, reduce operating costs, and address labor challenges. With its dual focus on owning hotel properties and offering Robotics-as-a-Service (RaaS), NGTF is strategically positioned to capitalize on the rapidly growing global service robotics market, which is expected to surpass $170 billion by 2030. This integrated business model provides scalable revenue streams and positions NGTF as a leader in hospitality automation.

Forward-Looking Statements

This press release contains forward-looking statements regarding future events and Nightfood Holdings' expected performance. These statements are subject to risks and uncertainties, and actual results may differ materially from expectations. Investors are encouraged to review the Company’s SEC filings for additional information.

For more information on Nightfood Holdings, Inc. (OTCQB: NGTF), please visit www.nightfoodholdings.com.

Investor & Media Contacts

Investor Relations Contact:
Nightfood Holdings, Inc.
Email: ir@nightfoodholdings.com. 

Media Relations Contact:
Email: media@nightfoodholdings.com. 
Phone: (866) 261-7778

Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com. 

FAQ

What acquisitions is Nightfood Holdings (NGTF) currently pursuing?

NGTF is finalizing acquisitions of Carryout Supplies (S W C Group) and Skytech Automated Solutions, focusing on hospitality supply chain and AI-powered robotics respectively.

How will the Skytech Automated Solutions acquisition benefit NGTF?

The Skytech acquisition positions NGTF as a leader in AI and robotics within the hospitality sector, offering growth opportunities and potential shareholder value creation.

What is the current status of Skytech's Laundry Helper robot deployment?

Skytech has recently launched its Laundry Helper robot at a second location, demonstrating the scalability of its automation technology.

When are the NGTF acquisitions expected to close?

The Carryout Supplies acquisition is expected to close imminently, with the Skytech acquisition scheduled to follow shortly after.