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NightFood initiates uplisting to OTCQB

Published 22 November 2016

NightFood Holdings, a fully reporting "better-for-you" snack company, announced that it has begun the application process for an up-list of its common stock to the OTCQB venture marketplace.

Unlike the OTC PINK, the OTCQB is considered by the Securities and Exchange Commission (SEC) to be an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC.

Because the OTCQB increases transparency, reporting standards, management certification and compliance requirements, this can result in greater liquidity and awareness for companies that reach the OTCQB tier.

"Evaluating our current opportunities, we think now is the right time to begin this process," stated NightFood CEO Sean Folkson.

 "It's widely accepted that moving off of the 'pinks', and trading on the QB, can contribute to greater trading liquidity, broader awareness and acceptance among broker dealers, and result in an expansion of our shareholder base, enhancing shareholder value."

"Our focus is on building solid and profitable core businesses and brands that will deliver long-term shareholder value. We believe this uplisting will enhance investor accessibility, and serve as a stepping stone to possible future uplisting on the NASDAQ or NYSE as we continue on our path," continued Mr. Folkson.

NightFood, "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.



Source: Company Press Release