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Twitter post sounds very promising, Looks like we may not have heard the last of the FD!
Zalmi Duchman
?@ZalmiD
Been working on some exciting new initiatives at @freshdiet can't wait to announce our newest brand and celebrity partner
I bet he is a good poker player, he keeps his cards well hidden. I hope he's holding a few aces for us.
I concur that would be the logical move for Sam and the board to do! Shareholders are losing faith in the board.
I was going to ask a question about the buy back of shares, but the call ended before I could ask a question. I would say with todays volume that Sam has started some buying?
From the March 1st PR...
Mr. Klepfish concluded, "We continue to believe that our shares are undervalued, therefore, as previously disclosed, we have allocated up to $1 million for a stock repurchase program. We intend to begin implementing this buyback upon reporting our FY 2015 financial information at the end of March, and throughout 2016 as market conditions permit."
I think we are in good shape for the future, now that the FD is behind us.
http://portal.geoinvesting.com/companies/ivfh_innovative_food_hldg/research/research/0058826
Innovative Food Holdings Sets Full Year and Fourth Quarter 2015 Conference Call for Thursday, March 31, 2016 at 8:30 a.m. ET
BONITA SPRINGS, FL--(Marketwired - Mar 23, 2016) - Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry leading specialty food platform, will conduct a conference call on Thursday, March 31, 2016 at 8:30 a.m. Eastern Time to discuss its financial results for the full year and fourth quarter ended December 31, 2015. The company will report its financial results in a press release prior to the conference call.
Innovative Food's management team will host the conference call, followed by a question and answer period.
Date: Thursday, March 31, 2016
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 1-888-359-3624
International dial-in number: 1-719-325-2361
Conference ID: 3411377
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
The conference call will be broadcast live and will be available for replay at http://public.viavid.com/index.php?id=118802 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
A replay of the conference call will be available after 11:30 a.m. Eastern time on the same day through April 7, 2016.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 3411377
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
Contact:
Company
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Source: Marketwired (March 23, 2016 - 8:30 AM EDT)
http://stocknewsnow.com/companynews/83759619/IVFH/101843
The Best Meal Delivery Services in NYC, Ranked
http://www.purewow.com/food/The-Best-Meal-Delivery-Services-in-NYC-Ranked
A post I liked from Zalmi the new owner of The Fresh Diet.
Zalmi Duchman ?@ZalmiD · 1h1 hour ago
I wondered why grocery stores hadn’t taken on Blue Apron. Perhaps because they hadn’t met Gerry Hays https://www.pando.com/2016/03/02/i-wondered-why-grocery-stores-hadnt-taken-blue-apron-perhaps-because-they-hadnt-met-gerry-hays/b11ade1ca418d3a945967334863e95d9d447563b/ … via @pandodaily
https://pando.com/2016/03/02/i-wondered-why-grocery-stores-hadnt-taken-blue-apron-perhaps-because-they-hadnt-met-gerry-hays/b11ade1ca418d3a945967334863e95d9d447563b/
Innovative Food Holdings Announces the Sale of The Fresh Diet
BONITA SPRINGS, FL--(Marketwired - Mar 1, 2016) - Innovative Food Holdings Inc. (OTCQB: IVFH), an industry-leading specialty food platform, has announced the sale of its wholly-owned subsidiary, The Fresh Diet, Inc., to New Fresh LLC, which is backed by an investor group led by Fresh Diet founder Zalmi Duchman.
In the transaction, which closed on February 23, 2016, New Fresh LLC acquired 90% of the outstanding shares of The Fresh Diet from Innovative Food Holdings with Innovative Food Holdings retaining a 10% position in The Fresh Diet.
Under the terms of the transaction, Innovative Food Holdings agreed to restructure its loans to The Fresh Diet so that the loans are due in 5 years (unless earlier converted or otherwise accelerated) and payable under certain scenarios in either cash or stock of The Fresh Diet.
As a result of the transaction, The Fresh Diet's financial results will be deconsolidated with Innovative Food Holdings and a onetime non-cash charge, including the write-down of goodwill associated with The Fresh Diet, will be taken in the 4th quarter of 2015. In addition, the value of Innovative Food Holdings' ten percent equity position in The Fresh Diet, and the value of the notes owed to it by The Fresh Diet will be carried on Innovative Food Holdings' balance sheet as an asset, at fair market value.
Sam Klepfish, CEO of Innovative Food Holdings, commented, "While we continue to believe that The Fresh Diet represents a unique platform within the fresh food space, it became abundantly clear that, due to a variety of factors, including several key capital markets considerations, The Fresh Diet's optimal route to growth and success was through a new ownership structure. Prior to entering into the transaction with New Fresh LLC, we evaluated numerous options with respect to The Fresh Diet, including discussions with several potential buyers for The Fresh Diet and ultimately we believe that the sale to New Fresh LLC provides the best opportunity for The Fresh Diet to succeed and to provide potential value to Innovative Food Holdings' shareholders. We at Innovative Food Holdings wish Mr. Duchman and his team at New Fresh LLC well as they start a new chapter at The Fresh Diet."
Mr. Klepfish continued, "We now enter a new chapter for Innovative Food Holdings. We strongly believe in the strength of our core specialty food business which continues to set record sales and continues to drive bottom line growth. We have a great team of foodservice professionals on the specialty food side of the business who have continued to execute flawlessly over the last several years, including, specifically the last 18 months. We are focused on growing the business even further and to providing value for Innovative Food Holdings' shareholders. In addition, we are pleased to announce that we had record revenues from our core chef business in FY 2015."
Mr. Klepfish concluded, "We continue to believe that our shares are undervalued, therefore, as previously disclosed, we have allocated up to $1 million for a stock repurchase program. We intend to begin implementing this buyback upon reporting our FY 2015 financial information at the end of March, and throughout 2016 as market conditions permit."
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice market provides chefs across the United States direct access to the highest quality specialty food products.
In the direct-to-chef specialty foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods, which are delivered daily to thousands of chefs nationwide. To learn more about Innovative Food Holdings, visit www.ivfh.com.
Important Cautions Regarding Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "anticipate," "believe," "intend," "plan," "might," "potentially" or "expect." The Company does not intend to update these forward-looking statements. Information about third parties was supplied to the Company by third parties and we accept no responsibility for its accuracy.
Pro Forma
De-consolidation Cash EBITDA Nine Months Ended Sept 30 2015
Net Income (Loss) (163,842 )
Equity related expenses (1) 1,729,293
Interest on Notes Payable 47,146
Depreciation & amortization of certain assets (2) 273,671
Amortization of discounts(3) 396,678
Cash EBITDA * 2,282,946
(1) Includes non cash equity related compensation and expenses
(2) Includes amortization of certain intangibles
(3) Includes non cash amortization charges mainly associated with the GAAP recording of the discount on certain notes
* does not include any adjustments for one time charges and expenses related to Fresh Diet activity by Innovative Food Holdings
Contact:
Company
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
http://finance.yahoo.com/news/innovative-food-holdings-announces-sale-133000124.html
Todays 8K sounds good to me, I wonder who is the buyer of this transaction and what will be the price this should inject some value back into the stock! Good job Sam!
As previously announced on November 12, 2015, we have been working to implement a spinoff of our wholly owned subsidiary, The Fresh Diet, Inc. Subsequent to the announcement regarding the spinoff, discussions were initiated by several potentially interested parties with respect to acquiring our wholly-owned subsidiary, The Fresh Diet, Inc.
After evaluating the various offers and weighing them against the spinoff and other options available to The Fresh Diet, we determined that one of the offers was most likely to maximize value for shareholders. Accordingly, on February 9, 2016, we entered into a letter of intent to sell a controlling interest in The Fresh Diet. The terms of the letter of intent contemplate the closing of the transaction within 21 days and, upon closing of the transaction, Innovative Food Holdings will own a non-controlling interest in the outstanding shares of The Fresh Diet. Accordingly, upon closing, the financial statements of The Fresh Diet will be deconsolidated with Innovative Food Holdings’ financial statements and our equity interest in The Fresh Diet will be carried as an asset on Innovative Food Holdings’ balance sheet.
We can give no assurance of any kind that the transaction will be completed. At this time, we no longer intend to spin off The Fresh Diet as we pursue this transaction.
Not I, Sam has not been good at returning my calls for a while now? I still have faith that he is going to do the right things for the shareholders, but as the PPS goes down I see less options that he has. Just my opinion. BTW I picked up a few more shares at these bargain basement prices this week, was that foolish of me, or smart I don't know, I'm guessing that we should find out in the next couple of months.
We need something to stop the pain here! January almost over no updates?
From November's 8K...
On November 12, 2015 we announced that an institutional investor has agreed to provide $1 million in funding directly to The Fresh Diet, Inc. (“TFD”), a wholly owned subsidiary of the registrant. To date, the investor has delivered $342,000 in connection with that agreement and we expect the balance of the funds to be delivered in tranches over the next 30 days following execution of definitive purchase agreements. Pursuant to the provisions of a non-binding Term Sheet, the terms of the financing are expected to include a capital raise of up to an additional $1M of external financing through the issuance by TFD of one year convertible notes carrying a 9.9% annual interest rate and which will be convertible into TFD’s common stock at an $8M valuation. Investors will receive warrant coverage of 110% and the warrants will be exercisable for five years with one-half of the warrants exercisable at a 32% premium to the conversion price and one-half at a 76% premium to the conversion price. Subject to certain existing debt, the notes will be secured by all assets of TFD. All of the shares underlying the notes and warrants will have piggy-back rights. TFD will agree to certain anti-dilution provisions and certain offering and registration restrictions and the investors will receive certain rights of first refusal. The term sheet contains additional conditions including a milestone of commencing trading of TFD’s common stock on OTCQB in January 2016. Inasmuch as the term sheet is not binding, no investor is bound to invest on these or any other terms.
Zalmi Duchman ?@ZalmiD · 10h10 hours ago
I tried the $109 per day diet that many Victoria's Secret models use http://read.bi/1NggJVO via @BI_RetailNews
Maybe they should try the Fresh Diet Program a lot cheaper and should be healthier too. I guess there is a lot of competition out there, gives the consumer more choices.
Artisan Specialty Foods Launches New 28,000 sf. Specialty Foodservice Distribution Facility
New Facility Expands Local and Farm-to-Table Specialty Food Offerings
http://stocknewsnow.com/companynews/81125042/IVFH/101843
Tax loss selling before the special dividend announcement seems a little risky to me.
Plus I would like to see an update on this CC statement...FreshDiet pilot ongoing with "fairly large entity," started 2 weeks ago
The Fresh Diet to Participate at the LD Micro Investor Conference
BONITA SPRINGS, FL / ACCESSWIRE / November 30, 2015 / The Fresh Diet Inc., America’s leading fresh meal delivery company and wholly-owned subsidiary of Innovative Food Holdings (IVFH), has been invited to participate at the LD Micro Main Event investor conference being held December 1-3, 2015 at the Luxe Sunset Hotel in Los Angeles, CA.
The Fresh Diet’s management team is scheduled to hold one-on-one meetings at the conference on December 2-3, 2015.
For more information about the conference or to schedule a one-on-one meeting with The Fresh Diet’s management team, please email IVFH@liolios.com.
About LD Micro
LD Micro is an investment newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published reports on select companies throughout the year. The firm also hosts the LD Micro Invitational in June. It is a non-registered investment advisor. For more information, please contact (408) 457-1042 or visit www.ldmicro.com.
About The Fresh Diet, Inc.
The Fresh Diet provides the most convenient way to maintain a healthy lifestyle without giving up the simple joy of eating fresh, delicious food. The plans include three meals and two snacks a day, a caloric and portion-controlled formula, variety with over 2,200 gourmet meals, access to nutritionists, and doorstep delivery five days per week. The Fresh Diet’s chef-prepared meals are nutritionally balanced and never frozen, freeze-dried or vacuum packed. The Fresh Diet currently delivers to 44 metropolitan areas and over 570 cities and towns across the United States. To learn more about The Fresh Diet, visit www.TheFreshDiet.com.
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
In the direct-to-consumer channel, Innovative Food Holdings also owns the leading last mile specialty food direct-to-consumer platform in the United States, creating and delivering daily meals, freshly prepared by chefs at Company-managed culinary centers across the United States. The initial offering on the platform is The Fresh Diet (www.TheFreshDiet.com), America's leading, freshly prepared nutritional and diet-based meal delivery program.
Investor Relations
Liolios Group, Inc.
Cody Slach or Sean Mansouri
(949) 574-3860
IVFH@liolios.com
SOURCE: Innovative Food Holdings, Inc.
In ‘Overcrowded’ Food Delivery Market, Venture Capitalists Are Still Hungry for More
http://www.bloomberg.com/news/articles/2015-11-23/in-overcrowded-food-delivery-market-venture-capitalists-are-still-hungry-for-more
Some very interesting trades today, institutional, conversions, buybacks, I wish I knew what these trades were, and who did them. Could get interesting here.
IVFH is starting to get some eyes on it.
The food e-commerce market appears to be maturing at last as The Fresh Diet, a national gourmet meal delivery service, is set to IPO in a spin-off from Innovative Food Holdings. Founded by South Florida entrepreneur and food enthusiast Zalmi Duchman, IVFH acquired the company in August 2014. Now operating in 44 states, the move toward IPO is intended to help differentiate The Fresh Diet’s direct-to-consumer operations from IVFH’s long-established direct-to-chef specialty food platform. As part of the deal, institutional investors have committed $1 million in funding to The Fresh Diet
Geo, I understand that is your opinion and you have a right to disagree. That what message boards are for, to get a sentiment of others investors views of a company. To find out who is right or wrong, only time will tell. I know you are a good trader and made some nice coin on this company in the past. I wish nothing but the best for you, and it is good to have your opinions on the board. But I am still sticking to my opinion as I posted in post #17643
GLTA!
The FD was not a mistake that is why they are holding on to 19% of the company, he just gave them free range to raise capital on their own and to take them off their books. He put them in a position to fly on their own now. It's like putting your kids out the house after putting them through college and giving them some guidance. They need to fly on their own now. I think that the Fresh diet has more potential for growth than IVFH, and so does Sam that is why he is holding on to part of the company.
I listened to it twice, he sounded very positive on both businesses, I like the part where he said that he is working with a large entity, that could have large growth for TFD also.
BTW this spin off is going to be very complicated especially with the warrants and convertible bonds. One thing is for sure if they exercise the warrants that will bring in about 1.5 mil straight to the bottom line, and the conversion of the bonds is going to reduce the debt. So it will be a give and take to the benefits of those transactions. I am not going to speculate on that right now, as mentioned before it will be complicated.
I guess patience is the key here, Sam is a good negotiator, I hope he can make the best deals for the shareholders.
GLTA!!!
From Twitter post...Neil Cataldi ?@neilcataldi · 57m57 minutes ago
$IVFH on CC last night noted @FreshDiet pilot ongoing with "fairly large entity," started 2 weeks ago. Co is spinning out Fresh Diet in 1Q.
I agree it could have been much worse for IVFH. Now FD is free to raise it's own funding, and IVFH is can get back to profitability without funding the FD. I think it's a win-win for all. Plus we all get the free dividend of shares of the new FD!
Why would an institutional investor put up one million in funding for a stake in the Fresh Diet, if they didn't see promise and value here. I like this deal if they like this deal.
Spinning off the company will establish The Fresh Diet’s direct-to-consumer operations as distinct from Innovative Food Holdings’ long-established direct-to-chef specialty food platform, which provides specialty foods, healthcare foods and gluten-free foods to the professional food service market. As part of the transaction, institutional investors have agreed to provide $1 million in funding directly to The Fresh Diet
I hope so, a special dividend for current holders of IVFH stock sounds very promising!!!
Innovative Food Holdings Sets Third Quarter 2015 Conference Call for Monday, November 16, 2015 at 5:15 p.m. ET
BONITA SPRINGS, FL--(Marketwired - Nov 13, 2015) - Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry leading specialty food platform, will conduct a conference call on Monday, November 16, 2015 at 5:15 p.m. Eastern time (2:15 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2015. The company will report its financial results in a press release prior to the conference call.
Innovative Food's management team will host the conference call, followed by a question and answer period.
Date: Monday, November 16, 2015
Time: 5:15 p.m. Eastern time (2:15 p.m. Pacific time)
Toll-free dial-in number: 1-888-455-2296
International dial-in number: 1-719-325-2376
Conference ID: 4651574
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.
The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=117303 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
A replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through November 23, 2015.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 4651574
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
In the direct-to-consumer channel, Innovative Food Holdings also owns the leading last mile specialty food direct-to-consumer platform in the United States, creating and delivering daily meals, freshly prepared by chefs at Company-managed culinary centers across the United States. The initial offering on the platform is The Fresh Diet, America's leading, freshly prepared nutritional and diet-based meal delivery program. The Fresh Diet is currently available across 44 metropolitan areas and 570 cities and towns across the United States. For detailed delivery information, and to review available menu options or learn more about how The Fresh Diet works, please visit www.TheFreshDiet.com.
Company Contact:
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Investor Relations:
Liolios
Cody Slach or Sean Mansouri
(949) 574-3860
Email Contact
Source: Marketwired (November 13, 2015 - 8:30 AM EST)
News by QuoteMedia
www.quotemedia.com
It looks like the 5% that is missing is going to whoever is giving FD the mil.
Geo,
Innovative Food Holdings also plans to retain between 10% to 19.9% of The Fresh Diet, and expects to distribute 70% to 85% of The Fresh Diet shares directly to Innovative Food Holdings' shareholders.
I don't see the deal as a mistake they just don't want to absorb any losses into their core business, any make them stand on their own. I think this is a win, win for all involved.
They are getting their money that they spent on TFD back in stock of FD.
I am guessing that this separation of companies would be like a IPO with current shareholders holding a large percentage of the shares? Welcome any thoughts on this.
Innovative Food Holdings Plans Spin-Off of The Fresh Diet to Shareholders
Innovative Food Holdings
November 12, 2015 08:30 ET
Innovative Food Holdings Plans Spin-Off of The Fresh Diet to Shareholders
Transaction Allows Each Company to Focus on Core Business and Maximize Shareholder Value; IVFH Board of Directors Approves $1 Million Stock Repurchase Program
BONITA SPRINGS, FL--(Marketwired - Nov 12, 2015) - Innovative Food Holdings Inc. (OTCQB: IVFH), an industry-leading specialty food platform, is planning to spin-off its wholly-owned subsidiary, The Fresh Diet, as a separate public company.
The move will establish The Fresh Diet's direct-to-consumer operations as distinct from Innovative Food Holdings' long-established, industry leading direct-to-chef specialty food platform. As part of the transaction, institutional investors have agreed to provide $1 million in funding directly to The Fresh Diet, Inc.
The spin-off of The Fresh Diet as a publicly traded company is expected to provide a variety of benefits to shareholders:
•Innovative Food Holdings and The Fresh Diet management will each be able to better focus on their core businesses and more effectively drive growth in shareholder value
•The Fresh Diet will become a pure-play direct-to-consumer business, ideally positioning The Fresh Diet to realize the higher valuations typically associated with foodtech and food-delivery public companies
•As a standalone public company, The Fresh Diet will be able to take advantage of acquisition opportunities in multiple fresh meal verticals, building upon its leading last mile specialty food delivery platform
•Innovative Food Holdings shareholders will continue to benefit from future success of The Fresh Diet through Innovative Food Holdings' remaining ownership stake
•Two separate companies will allow potential new investors to delineate the risk/return characteristics of each business and better match their own investment objectives
"These numerous benefits strongly support our decision to spin off The Fresh Diet," said Sam Klepfish, CEO of Innovative Food Holdings. "We believe the market value of The Fresh Diet and our profitable direct-to-chef businesses are not being fully appreciated or captured in Innovative Food Holdings' stock price. By establishing our direct-to-chef and direct-to-consumer businesses as distinct operations -- each with their own particular business characteristics and dynamics -- we believe it provides the best opportunity to maximize shareholder value."
"Furthermore, in connection with driving value in our company, our board of directors has also approved allocating up to $1 million for a stock repurchase program to be implemented in open market purchases from time-to-time. While we continue to invest our capital in strategic business initiatives, we are prepared to be opportunistic in purchasing our own shares."
The Fresh Diet's CEO, Bryan Janeczko, added: "We believe that operating The Fresh Diet as its own entity will provide greater transparency into operations, and further establish its current position as the leading specialty food platform in the fast-growing direct-to-consumer, fresh-meal category. This will also better position The Fresh Diet to attract additional partners and the capital markets support it requires, as demonstrated by the institutional funding commitment."
Transaction Details
Completion of the spin-off is subject to conditions, including required approvals and agreements. Additional details of the proposed spin-off, including proportionate shareholding and separate financial information relating to The Fresh Diet and Innovative Food Holdings will be provided to shareholders prior to the closing of the transaction. In connection with the transaction, Innovative Food Holdings expects there to be a separate listing of The Fresh Diet on a U.S. exchange in the first quarter of 2016, following appropriate filings and approvals with the SEC and NASDAQ. Innovative Food Holdings also plans to retain between 10% to 19.9% of The Fresh Diet, and expects to distribute 70% to 85% of The Fresh Diet shares directly to Innovative Food Holdings' shareholders.
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers across the United States direct access to the highest quality specialty food products.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods, which can be delivered daily to thousands of chefs nationwide. To learn more about Innovative Food Holdings, visit www.ivfh.com.
About The Fresh Diet, Inc.
The Fresh Diet provides the most convenient way to maintain a healthy lifestyle without giving up the simple joy of eating fresh, delicious food. The plans include three meals and two snacks a day, a caloric and portion controlled formula, variety with over 150 gourmet meals, access to nutritionists, and doorstep delivery five days a week. The Fresh Diet chef-prepared meals are nutritionally balanced and are never frozen, freeze-dried or vacuum packed. The Fresh Diet currently delivers to 44 metropolitan areas and over 570 cities and towns across the United States. To learn more about The Fresh Diet, visit www.TheFreshDiet.com.
Important Cautions Regarding Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "anticipate," "believe," "intend," "plan," "might," "potentially" or "expect." The Company does not intend to update these forward-looking statements. Information about third parties was supplied to the Company by third parties and we accept no responsibility for its accuracy.
Contact Information
Company Contact:
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Investor Relations:
Liolios
Cody Slach or Sean Mansouri
(949) 574-3860
Email Contact
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http://www.marketwired.com/press-release/innovative-food-holdings-plans-spin-off-of-the-fresh-diet-to-shareholders-otcqb-ivfh-2073047.htm
IVFH to Present tomorrow at ...
http://www.microcapconf.com/
The Fresh diet has another competitor, this field is getting hotter!
http://www.bizjournals.com/sanjose/blog/techflash/2015/10/palo-alto-startup-raises-nearly-11m-to-deliver-one.html?ana=twt
I added a few shares at this discounted price, I guess I will find out in 2 or 3 weeks if this was a good or bad decision. GLTA!
I am glad that Sam recognizes his limitations, that is why he brought on Bryan Janeczko as its new CEO for the FD. He has the experience and contacts to turn this around as a profitable business. He did run this type of business and sold it!
In 2003, Mr. Janeczko co-founded NuKitchen, a leading provider of premium, fresh prepared meals designed to promote weight management and healthy living. NuKitchen was the first of its kind, operating on a proprietary technology platform to deliver a complete days' worth of fresh, made-to-order meals on the day customers required them. After raising approximately $2 million in venture capital with NuKitchen and driving 100% year over year revenue growth for five years, NuKitchen was subsequently acquired by NutriSystem Inc. in 2008.
In addition to Mr. Janeczko's successful exit in the freshly prepared meal space, he has vast experience in developing and advising early stage food and foodtech companies in executing successful, scalable business initiatives. Mr. Janeczko's most recent success was leading the development and commercialization of Crock-Pot® Cuisine, a direct to consumer, subscription-based, meal delivery service for Jarden Corporation, a Fortune 500 consumer products company.
"I believe that the fresh meal market opportunity is greater than ever before and as the leader in the fresh meal space, The Fresh Diet is in a position to benefit from a multitude of market opportunities," commented Mr. Janeczko, who continued, "I am excited to lead The Fresh Diet and guide it so we can capitalize and execute on those opportunities."
This is getting painful, still holding. Three weeks until earnings I hope that ends this painful decline.
I think it's a buying opportunity, but don't take my advice, I am not a financial advisor. GLTA!
Under Armour's CFO is jumping ship for a fresh food delivery service
http://www.businessinsider.com/under-armours-cfo-is-leaving-to-work-at-blue-apron-2015-10
This sector is heating up. IVFH has brought on some heavy talent in the last few months, They need to start generating some big cash to keep these guys happy, I am sure these guys came over to IVFH to make some real money, and also are the past owners of Fresh Diet are looking to see their share prices increase since the deal for the FD was a stock only deal. They need to start delivering to make these guys happy and the shareholders. I hope we start seeing some major profits soon, it will make a lot of people happy.
I'm sure Sam can do it look at how he grew the core business over the last few years.
GLTA!!!
I don't know how many of you guys have ever spoken with Sam, but he runs the show. He is not going to let IR put out information before they run it by Sam. Sam likes to do things right, he is not going to build a business and let it crash and burn. He is not going to over extend himself and have the business get a bad name, because they were not ready to move up to the next level. He is trying to build a quality business first, then quantity! He takes his time and thinks things through, I have confidence that he will do the right things for the stock and shareholders. I use to talk to him on a regular basis, but lately I have lost communications with him, but I am not worried.
I think that when he is ready to share more information with the shareholders that Sam and IR will do it, but as I said before he is most likely waiting till the timing is right. Maybe the next 10Q will shed some more light on what is going on behind the scene, he has brought some heavy hitters into the business in the last few months and I feel that it is just a matter of time before things start turn around.
These are just my opinions, I am usually a good judge of people and I feel that Sam is doing the right things for the company. I know it hurts when we see new 52 week lows on the stock, I am just having faith in man, and the business.
GLTA!