Innovative Food Holdings Inc (IVFH)

[BornAgain]

Quick DD Post on IVFH. Has been in a consolidation for the last four years It only had one spike in the last four years which I believe was a finger check where the stock went to .018. In the mean time this company has made significant progress. It went from being a pink sheet to an up listed OTC.BB. That has profits on $10 mil sales, with enhanced partnerships with a billion dollar company US Food Service, and has added multiple retail revenue streams such as Amazon, Giga Chef and their own retail website ForTheGourmet.com to their business. They recent have expanded their offerings to Puerto Rico. This company is changing rapidly to a much more profitable business. They have added these three new revenue streams in 2010! Nov, 12, 2010 Innovative Food Holdings is also pleased to announce that, within the near term, the company expects to formally launch additional sales channels that it has been beta testing within the retail space and that the company continues to be in discussions regarding several additional sales channel and content related partnership opportunities.

Still the stock has not reflected the added value to this company. The A/S is about 500 mil, O/S 190 mil, float some where between 78-80 mil. And still selling for under a penny? Company is repurchasing shares and added three new directors on the board.
10/30/2010 http://finance.yahoo.com/news/Innovative-Food-Holdings-iw-3570336582.html?x=0&.v=1

From 10/29/2010 PR...
Dr. Chris Brown commented, "I am very excited about the direction of the company and I am delighted to join the board of Innovative Food Holdings. As a current shareholder of Innovative Food Holdings I look forward to actively working with the board to increase awareness in the investor community about the company. In addition, I believe that the stock of Innovative Food Holdings is currently undervalued at current market prices and I plan on increasing my current position in Innovative Food Holdings through share purchases in the open market."


New director Dr. Chris Brown has purchased 24 million shares with his own money on the open market and plans to add to this position! Form3
http://ih.advfn.com/p.php?pid=nmona&article=45153834


Innovative Food Holdings Reports Record Quarterly Revenues and Record Quarterly Cash Flow; Best in Any Quarter in Company History 11/12/2010 http://ih.advfn.com/p.php?pid=nmona&article=45216467&symbol=IVFH

Financial and Operating Highlights include:from 11/12/2010 PR

Best quarterly Operating Cash Flow in company's history

Best quarterly revenues in company's history

Significantly Improved cash position

Approximately 32% year over year nine month sales growth

Approximately 25% year over year quarterly sales growth

Application for trademark for our exclusive private label Artistre brand of molecular gastronomy products

Launch of new Artistre line of the company's popular Molecular Gastronomy Experimental kits targeted towards the holiday season

Beta launch of new retail sales channels
The CEO of Innovative Food Holdings, Inc., Mr. Sam Klepfish, said, "We are very satisfied with our third quarter results. During the third quarter we followed a strategy of aggressively focusing on expanding market share and our end user customer base through both increased marketing and through lower costing to customers and in building our retail and private label program. While these strategies had the short term effect of lowering margins and increasing expenses, we believe this leaves us very well positioned for the historically busy 4th quarter. We are also pleased to announce that in the second half of October, with the historically busiest two months of the year still ahead of us, we had already surpassed sales for the entire 2009.

"In addition, operating cash flow continues to be exceptionally strong and we ended the quarter with over $378,480 in cash. We view these results as indicative of the strong position we continue to build within the gourmet food industry."

Mr. Klepfish continued, "Reporting best ever revenues for any quarter in the company's history is especially satisfying inasmuch as the record occurred in the third quarter, yet it exceeded revenues from our previous record set in 2009 which was set in the historically busy 4th quarter. We remain very excited about the 4th quarter's opportunities and we believe that we are very well positioned in all our sales channels for the historically busy November-December holiday season."

A good read Interview with Sam, IVFH's CEO

http://www.ceocfointerviews.com/interviews/IVFH-InnovativeFood10.htm

New website, a beautiful and professionally done site, one of the nicest sites on the web... http://www.artistre.info/

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