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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!
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!
Here is an nice article I found on the Reinhart Foodservice site.
http://rfsdelivers.com/2015-05-27-19-07-48/vol-3-issue-3-summer-2015/game-changers
Game Changers
How to Make Sure the Buck – & Bison, Ostrich & Quail – Stops with You
You’ve built a better burger, flirted with fresh fish and perfected your primo pasta. What’s next in the continuing quest to pique today’s insatiably adventurous palates? Welcome to the gamification of the menu, a surprisingly affordable and accessible hunter-gatherer’s delight.
Bison, buffalo, boar, ostrich and duck are no longer outside of the box, and even exotica like yak and kangaroo can make an occasional cameo without blowing up the budget.
“Diners are looking for alternative sources of protein that are healthy and different. There’s a real groundswell of chefs driven by quality, wanting to meet that demand by using items that are not mass-produced,” says Justin Wiernasz, President, Gourmet Foodservice Group. His company has stepped up to offer hundreds of specialty products to operators looking to differentiate themselves, with meats like ostrich and wild boar, providing a particular point of divergence.
“The two trends that we’re all witnessing in foodservice — healthy and natural, and raised with sustainable practices — are integral to game meats,” explains Wiernasz. Ostrich, for example, fits neatly into the healthier eating movement with its cholesterol-free properties and rich beefy taste. In fact, ostrich is so revered by two physicians that they worked with Wiernasz to found a 100-acre blueneck breeding farm in the Florida Everglades. “We found ostrich to be the best and healthiest red meat available on the planet,” they state proudly on their website at EvergladesWildGame.com. Specifically, the blueneck ostrich, emphasizes Wiernasz, because the more commonly seen blackneck was raised for its plumage and hide, with meat not much more than an unimpressive byproduct. While admittedly an expensive item, the end result of these specially raised animals may well be worth the higher price if marketed with vigor.
“If you’re going to make this buy, it’s a huge opportunity to distinguish yourself from the restaurant down the block,” says Wiernasz. “You can charge slightly more and still be within the customer’s price point for a signature dish that they will find amazing.”
$IVFH @1.05 The Fresh Diet Appoints Zynga Founding Member Tom Bollich as CIO
http://www.marketwatch.com/story/the-fresh-diet-appoints-zynga-founding-member-tom-bollich-as-cio-2015-09-11?mod=mw_share_twitter
$IVFH @1.05 The Fresh Diet Appoints Zynga Founding Member Tom Bollich as CIO
http://www.marketwatch.com/story/the-fresh-diet-appoints-zynga-founding-member-tom-bollich-as-cio-2015-09-11?mod=mw_share_twitter
I am no fortune teller, but IVFH seems to be bringing in a lot of talent and partnerships to this company, my prediction is that cheap shares will not be around for very long.
Holding on tight for this ride. GLTA!
The Fresh Diet Appoints Zynga Founding Member Tom Bollich as CIO
https://www.otcdynamics.com/ivfh-the-fresh-diet-appoints-zynga-founding-member-tom-bollich-as-cio/?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter
Wow here's something new that I learned today IVFH is also working with the fourth largest broad liner Reinhart, also still working with US Foods #2 in the business. Got this info from todays slide presentation.
http://rfsdelivers.com/company
Conference presentation just finished, They should have an achieve of it soon.
http://wsw.com/webcast/liolios/ivfh/
I agree FREE publicity Is always good, I read in a past article that when they got a mention on TV, that TFD had a huge spike in business. Maybe that has happened again in this quarter.
Don't forget that IVFH is presenting today and tomorrow on the West Coast...
http://www.marketwired.com/press-release/4th-annual-gateway-conference-showcase-more-than-80-growth-companies-san-francisco-on-nasdaq-amrk-2040246.htm
SBA Loans Are Back: Mine Led To $125 Million In Sales
Zalmi Duchman
I liked the last line in this story, TFD could soon be an IPO ringing the bell on Wall St.
http://www.forbes.com/sites/zalmiduchman/2015/09/02/sba-loans-are-back-mine-led-to-125-million-in-sales/
Here's a Fox Five video clip that features four companies that deliver food to you. Guess which one is the only one to actually deliver fresh food.
http://video.foxnews.com/v/4413871200001/fox-flash-meals-by-mail/?playlist_id=930909787001#sp=show-clips
ZeroCater Hits $100 Million In Sales With Only $1.5 Million In Funding
Another company in the food delivery business like IVFH!
http://www.forbes.com/sites/zalmiduchman/2015/08/24/zerocater-hits-100-million-in-sales-with-only-1-5-million-in-outside-capital/
Hey Geo, if I can recall I remember Sam saying something about phase one of their project to build TFD up should be starting in September. Maybe something is starting to happen behind the scenes. I believe this was mentioned in the last CC? Or maybe this was just way oversold as it usually is. Best regards.
Innovative Food Holdings Reports Second Quarter 2015 Results
Total Revenue up 94% to $12.5 Million; Direct-to-Chef Revenue up 18% to $7.6 Million
http://finance.yahoo.com/news/innovative-food-holdings-reports-second-123000291.html
Innovative Food Holdings Sets Second Quarter 2015 Conference Call for Wednesday, August 12, 2015 at 10:00 a.m. ET
BONITA SPRINGS, FL--(Marketwired - Aug 11, 2015) - Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry-leading specialty food platform, will conduct a conference call on Wednesday, August 12, 2015 at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the second quarter ended June 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: Wednesday, August 12, 2015
Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)
Toll-free dial-in number: 1-888-438-5453
International dial-in number: 1-719-325-2495
Conference ID: 1703222
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 Group at 1-949-574-3860.
The conference call will be broadcast live and available for replay at http://public.viavid.com/index.php?id=115874 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 1:00 p.m. Eastern time on the same day through August 19, 2015.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 1703222
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-owned 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.
Contact Information
Company Contact:
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Investor Relations:
Liolios Group
Cody Slach or Sean Mansouri
(949) 574-3860
Email Contact
IVFH earnings to be released tomorrow!!!
http://www.stockbotwire.com/News.aspx?id=1269561
Correction next 10Q due Aug 14. 45 days from quarter end.
The next 10Q is due by the 17th of August, however the last 10Q was delivered 4 days early? Maybe we get another early 10Q? Maybe next week?
Welcome back, I hope you are coming back with good news. This company has changed a lot since you left.
The Billion Dollar Food Delivery Wars
I like this story, The fresh Diet is not even mentioned here, yet they are one of the largest in this arena, maybe not in dollar value but in nation wide coverage. Can't wait until this little company gets discovered.
http://techcrunch.com/2015/07/11/the-billion-dollar-food-delivery-wars/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29
Geo, It's an enigma to me as of who is selling down at this level. However the buyers are appreciating whoever it is, there have been some large buyers stepping in whenever the price drops a bit. In my opinion anything under $1.30 is a steal. I wish I knew what is really going on behind the scenes. I guess if I knew something it would not be investing, all investments involve risk.
Geo, That is cool that you are making a few dollars while we wait for a big move. My problem is that I am afraid to sell at these levels, my luck would be, that if I sell a few shares, and that I would never get back in at a fair price, this stock could easily double from here over night with some good news.
I know you made some nice cash on this stock, and you also know about the true potential of this stock. Nice to have you here.
Good luck to you and I hope we all can make some money here.
Best regards!
Very nice to see that the business is expanding, and they can also do it with bank loans, very nice!
A very nice article, good to see that we are getting more eyeballs on the stock. When this thing starts to move it will be huge, way undervalued! JMHO.
Nice to see the stock symbol on the truck!
Interesting read from the May 10-Q...
The Employee RSUs issued to certain nonexecutive employees of the Company were issued either partially in lieu of salary, future bonuses or a combination of both bonus and salary. The Employee RSUs vest according to the following schedule: On July 1, 2015 600,000 will vest and on December 31, 2015 an additional 600,000 shares will vest. On December 31, 2016 an additional 1.2 million shares will vest and an additional 1.6 million shares will vest on July 1, 2017. Vesting is contingent on being an employee of the Company at the time of vesting. In addition, there are restrictions on the sale of such vested stock including aggregate volume restrictions and no Employee RSU shares can be sold below $2.50 per share. In addition, up to an additional 25,000 shares will vest on a monthly basis. Vesting is contingent on employment by the Company at the time of vesting, and the Company stock price closing above $2.50 per share for 20 straight days. In addition, there are restrictions on the sale of such vested stock including aggregate volume restrictions and no shares can be sold below $2.50 per share
The Company estimated that the stock-price goals of the Company’s stock price closing above $2.50 per share for 20 straight days have a 90% likelihood of achievement, and these RSUs were valued at 90% of their face value. The Company estimated that the revenue targets had a 100% likelihood of achievement, and these RSUs were valued at 100% of their face value. We recognized stock-based compensation expense of in a straight-line manner over the vesting period of the RSUs. This resulted in stock-based compensation expense of $690,397 related to recognition of RSUs during the three months ended March 31, 2015.
Food delivery will be the thing of the future and the Fresh Diet is here already! They just have to get noticed. Maybe the new marketing company will get this going?
http://www.cnbc.com/id/102773743
Some serious volume today. I hope this is a sign that some good things are coming.