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IVFH- News- Innovative Food Holdings Announces Record November Sales and Second Consecutive Month of Record Monthly Sales
NAPLES, FL -- (Marketwire) -- 12/22/09 --
Innovative Food Holdings, Inc. (OTCBB: IVFH), a marketer and purveyor of high quality gourmet food products throughout the United States to professional chefs and to the gourmet consumer market, announced today that November 2009 sales represented the strongest November sales ever and the second strongest month in sales of any month in the company's history, second only to October 2009
"As we move towards the end of 2009 and into the historically busy holiday sales season, Innovative Food Holdings' sales volume in November was exceptionally strong and exceeded last year's November sales by approximately 30% as the company continued 2009's trend of positive sales growth that it has experienced over the last several months. In addition, November sales, which directly follow October's previously announced record monthly sales, includes revenue contributions from new revenue sources for the company including strong month over month sales growth in our direct to consumer, For The Gourmet subsidiary," said Mr. Sam Klepfish, the company's CEO. Mr. Klepfish continued, "Furthermore, Innovative Food Holdings' core foodservice subsidiaries continue to aggressively pursue, bid and win new end-customer accounts as thousands of quality conscious professional chefs across the United States, continue to experience, in greater numbers, what we believe is the industry leading, high quality gourmet food solution."
Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food
Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the Unites States, provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website at www.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc
For The Gourmet, Inc., through its website, and through additional sales channels, provides the highest quality gourmet food products to the retail consumer market. To learn more, visit the For The Gourmet website at www.forthegourmet.com. For The Gourmet is a wholly owned subsidiary of Innovative Food Holdings, Inc
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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, anticipated, believed, intended, potentially or expected
The Company does not intend to update these forward-looking statements
Contact: Media Contact: March Noble Communications Dylan Hundley (646) 435-4069 info@marchnoble.com
Innovative Food Holdings, Inc
Sam Klepfish (239) 449-3235 sklepfish@innovativefoodholdings.com
Innovative Food Holdings, Inc
IR@Innovativefoodholdings.com
Dolphy, I don't think that they do a monthly update. It would be nice if they gave us another update! That was put in the pr from last month. They are a fully reporting company and I am sure that they will put out a pr on time. That was just to show that they are turning around their business. Being that their 4 Qtr is usually their best quarter I am expecting a blow out quarter from them. Lots of business in 4th Qtr. holiday shopping and lots of catered events. Have some patience and pick up some cheap shares in this range next year should be a monster year for IVFH. You know how difficult it is to get shares when news comes out, get them before the rush. Now is the time to accumulate!
Good to see that you are back I hope you picked up some shares, I see this stock going up very soon, lots of things in the works, new partnerships and other revenue streams. If nothing else we should should be getting some more positive earnings reports.
E mail alerts on HCEI..
Watch List for Thursday 12-17-2009
My new big pick is HCEI.
Hurry and put HCEI on your watch list. Looks like today was the first day of the rally!!
HCEI had a big volume consolidation on Monday where it looks like it cleaned out weak hands. Today the volume on HCEI was softer but it went straight up.
View the chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hcei&sid=0&o_symb=hcei&freq=7&time=18
HCEI is a coffee company with proprietary formulas to combine the health benefits of Ginseng, Reishi Mushroom, and other top quality ingredients with the world's finest coffee beans to create a line of deliciously healthy instant gourmet coffee drinks.
HCEI has quickly established offices in 9 countries and distributors in 29 other countries through its marketing subsidiary Healthy Coffee USA, Inc.
If you quickly look at all the recent headlines on HCEI, you will see they have been setting up offices around the world.
HCEI has a huge joint venture in China.
The joint venture company will then market Healthy Coffee products to over 35,000 cooperatives managed by HYNG throughout China.
Ray Pilaro, VP International Business Development of Healthy Coffee USA, added: "With this joint venture, we effectively have a ready market of over 100 million people. If only 1% of them order one bag of our Healthy Coffee each month, that will translate to $160 Million per year in revenues."
Check out their coffee products here, this could be huge!! http://www.hcei.biz/healthycoffee.php Don't waste any time, start your research right now, because I don't know if HCEI will stay at these levels much longer!!
Always do your own research and consult with your own financial professional.
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I wondered what happened to this statement in the June PR? Is this still on the agenda for them? They are still selling Gluten Free products according to their website.
Innovative Food Holdings Announces Entry Into Fast Growing Foodservice Category With Launch of Gluten Free Product Line
NAPLES, FL -- (Marketwire) -- 06/23/09 --
Innovative Food Holdings, Inc. (OTCBB: IVFH) announced today an expansion of its line of high quality Gourmet food products to now include a comprehensive line of over one hundred high quality gluten free products which are now available for the Foodservice market
Justin Wiernesz, President of Innovative Food Holdings, commented, "The gluten free products we now offer enables us to enter this rapidly growing market category and to further serve the needs of people with Celiac disease who require full access to gluten free products. We are proud to be able to offer these products to our customers."
Mr. Wiernesz continued, "Since the recent launch of our gluten free line we have received an overwhelming response from our end user customers all across the United States. We expect to continue to expand this line of products and to further expand our activities in the gluten free market."
According to a report by the market research group, Packaged Facts, the overall market for gluten-free continues to grow as sales for gluten free food and beverage products grew at a compound annual growth rate (CAGR) of 28 per cent from 2004 to 2008. According to the same report, gluten free sales are expected to grow to 11% in 2009 and 9% in 2010, and 20% by 2012, when sales should reach $2.63 billion
Sam Klepfish, CEO of Innovative Food Holdings, noted, "We believe that the rapidly growing gluten free market is an exciting new potential growth area for the company. We intend to leverage our distribution capabilities to further penetrate this market, explore gluten free partnership opportunities and to create overall value for the company."
Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food
Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the Unites States, provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website at www.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc
For The Gourmet, Inc., through its website, and through additional sales channels, provides the highest quality gourmet food products to the retail consumer market. To learn more, visit the For The Gourmet website at www.forthegourmet.com. For The Gourmet is a wholly owned subsidiary of Innovative Food Holdings, Inc
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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, anticipated, believed, intended, potentially or expected
IVFH - Nice to see a positive movement. I see they are going over old paperwork, todays filings, I guess they are getting ready for new business.
Maybe we might get a gift Santa this year?
Chart Is looking very good...
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p42428393694
Nice to see a positive movement. I see they are going over old paperwork, todays filings, I guess they are getting ready for new business.
Maybe we might get a gift Santa this year?
Chart Is looking very good...
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p42428393694
Here are some links to the reviews of For The Gourmet, IVFH's retail website on Amazon
http://www.amazon.com/gp/help/seller/at-a-glance.html?ie=UTF8&seller=A34VZ1I3LRCJ06
Here are some links to the reviews of For The Gourmet, IVFH website on Amazon
http://www.amazon.com/gp/help/seller/at-a-glance.html?ie=UTF8&seller=A34VZ1I3LRCJ06
IVFH Check out the feed backs on For The Gourmet on Amazon, IVFH's Retail business on Amazon, they are picking up with a fury and the ratings are very good! I think we are going to see another blow out quarter for the end of the year! This stock is going to fly also take a look at the chart it is also ready to pop! The Fundamentals and the Technical Analysts are spot on, for a major rally soon! Increasing Revenues and they haven't even announced their new retail website yet! Read the last couple of Pr's they are on fire! Ready for a low floater to move 10 bagger from here with no problem!
Do your own DD on this one you will find that you have found a Winner!
IVFH Chart
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p25757408000&r=803&depth=24&listNum=&cmd=chartnotes,889|761
IVFH - Check out the feed backs on For The Gourmet on Amazon, IVFH's Retail business on Amazon, they are picking up with a fury and the ratings are very good! I think we are going to see another blow out quarter for the end of the year! This stock is going to fly also take a look at the chart it is also ready to pop! The Fundamentals and the Technical Analysts are spot on, for a major rally soon! Increasing Revenues and they haven't even announced their new retail website yet! Read the last couple of Pr's they are on fire! Ready for a low floater to move 10 bagger from here with no problem!
Do your own DD on this one you will find that you have found a Winner!
IVFH Chart
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p25757408000&r=803&depth=24&listNum=&cmd=chartnotes,889|761
IVFH Check out the feed backs on For The Gourmet on Amazon, IVFH's Retail business on Amazon, they are picking up with a fury and the ratings are very good! I think we are going to see another blow out quarter for the end of the year! This stock is going to fly also take a look at the chart it is also ready to pop! The Fundamentals and the Technical Analysts are spot on, for a major rally soon! Increasing Revenues and they haven't even announced their new retail website yet! Read the last couple of Pr's they are on fire! Ready for a low floater to move 10 bagger from here with no problem!
Do your own DD on this one you will find that you have found a Winner!
IVFH Chart
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p25757408000&r=803&depth=24&listNum=&cmd=chartnotes,889|761
IVFH Chart keep an eye on this one ready to go.
This company just announced that they had record earnings for Oct 2009 Revenue of 750K for one month. looking for much more, way under valued!
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p25757408000&r=803&depth=24&listNum=&cmd=chartnotes,889|761
IVFH Chart keep an eye on this one ready to go
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p25757408000&r=803&depth=24&listNum=&cmd=chartnotes,889|761
IVFH Chart keep an eye on this one ready to go
http://stockcharts.com/h-sc/ui?s=IVFH&p=D&yr=0&mn=6&dy=0&id=p25757408000&r=803&depth=24&listNum=&cmd=chartnotes,889|761
My take is that this should be selling @ .03 not .003!
The truth is that most people don't buy a stock on their due diligence, they buy on the TA or momo. Most traders don't care how much a company earns they don't plan on staying in it that long and if the stock is not moving they won't buy it! If this company has good earnings and investors who see this will buy it! Until the story is out there that a company is doing well you won't have any investors either. Once the investors see what is going on then the stock will move, once the stock starts moving the traders will come in. Some will flip it to make a small profit, some will stay for a larger profit.
The problem with this stock is that no one knows about it yet. Once people see the company is doing the right things they will buy it! until then we wait! No sense on complaining about it every day it won't help.
That is true, but look at who their main customer is US FoodService a multi billion dollar operation how many other small companies have that kind of relationship!
Smart people are accumulating at these low prices and they like it, with the bashers they are lowering the price to get in cheap. I must assume that is why you are here to get more shares at a lower cost?
Sam has done a lot for this company like getting listed on OTC.BB, straightening out all those old filings that the previous management messed up. He is keeping the doors open on this company by satisfying the creditors, do you see them selling no, then they must be happy.
He is also bringing in higher revenues, and he will soon be adding another revenue stream with their new website. By the way the business on Amazon is doing great call and ask him. that's another reason why the revenues are increasing.
That is very good news CEO is trying to get a better contract with US Food Service. This CEO knows what he is doing, he is going to make this a very profitable company! Cheap shares won't be available too much longer. Sooner or later some smart money will be coming into this stock and these prices will be a distant memory.
IVFH - Please
Company on track to do 10 million in Revenue selling for .0045 how do you spell 10 bagger coming IVFH!
Give it time, it could be!
L2 on this is .0033 X .0045, MM's play with this spread a lot but is very thin it is only two MM's away from .03! .03 is where this should be selling at with their operating earnings!
One thing for sure this stock is way under valued selling for 1/10 of what it should be selling at! I think we will move to a better price very, very soon!
Welcome to the board you are correct most of the float is in strong hands, no one is going to sell at this low price. This is selling below book value with increasing revenues. The CEO is doing the correct things, building the company and increasing the revenues. He does not have the time and money to spend on useless and fluff PR's he is updating as is needed. This is a fully reporting company and they report on time!
Yes we do have problems with the MM's and that's because of the low volume, and that will correct as the volume increases. The other problem is the bashers who mislead future investors about the company and the CEO. The problem is not with the company!
Do your own DD!
Happy Thanksgiving to All!
IVFH with monster earnings shares are selling cheap right now!
Good to see Sam is building the company, we should be seeing a website launch soon that will increase the revenues even more, looking forward to great things from this tiny little company!
IVFH low floater with monster earnings! 750k in Oct sales alone!
IVFH beauitful 750K in one month!!!
IVFH News...Innovative Food Holdings Announces Record Monthly Sales for October
NAPLES, FL -- (Marketwire) -- 11/24/09 -- Innovative Food Holdings, Inc. (OTCBB: IVFH), a marketer and purveyor of high quality gourmet food products throughout the United States to professional chefs and to the gourmet consumer market, announced today record sales for the month of October. Sales in October were approximately $745,000; this sales number represents the best month of sales in Innovative Food Holdings' operating history.
"We continue to sell the highest quality gourmet food products and customers are responding," said Sam Klepfish, Innovative Food Holdings' CEO. "We are seeing strength in both the retail and foodservice side of our business and we are thrilled to be able to announce a record month of sales for the month of October. Although, the company does not typically report monthly sales numbers, we felt that reporting record sales, in the economically challenging restaurant and hospitality industry, was a unique achievement for the company."
Mr. Klepfish continued, "Innovative Food Holdings' monthly record sales is especially notable as it comes after the company reported record 3rd quarter revenues of $1,891,316 for the 3rd quarter ended September 30, and reported a significant turnaround in quarterly operating profit by reporting record operating profit of $79,181 as compared to an operating loss of $112,032 for the comparable quarter a year ago. We believe that the strong operating results, reported in historically difficult economic times for the industry in which we operate, are a result of the synergies of leveraging Innovative Food Holdings' core gourmet platform across a variety of selling channels and we believe are a further indication of the core strength of the company's offerings."
Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food.
Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the Unites States, provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website at www.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc.
For The Gourmet, Inc., through its website, and through additional sales channels, provides the highest quality gourmet food products to the retail consumer market. To learn more, visit the For The Gourmet website at www.forthegourmet.com. For The Gourmet is a wholly owned subsidiary of Innovative Food Holdings, Inc.
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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, anticipated, believed, intended, potentially or expected.
The Company does not intend to update these forward-looking statements.
Contact:
Media Contact:
March Noble Communications
Dylan Hundley
(646) 435-4069
info@marchnoble.com
Innovative Food Holdings, Inc.
Sam Klepfish
(239) 449-3235
sklepfish@innovativefoodholdings.com
IVFH Oct was their best month ever since in business! 750K in Oct alone!
IVFH moving fast on the News!
IVFH moving on good news! .0035X .0045!
IVFH - News-Innovative Food Holdings Announces Record Monthly Sales for October
NAPLES, FL -- (Marketwire) -- 11/24/09 -- Innovative Food Holdings, Inc. (OTCBB: IVFH), a marketer and purveyor of high quality gourmet food products throughout the United States to professional chefs and to the gourmet consumer market, announced today record sales for the month of October. Sales in October were approximately $745,000; this sales number represents the best month of sales in Innovative Food Holdings' operating history.
"We continue to sell the highest quality gourmet food products and customers are responding," said Sam Klepfish, Innovative Food Holdings' CEO. "We are seeing strength in both the retail and foodservice side of our business and we are thrilled to be able to announce a record month of sales for the month of October. Although, the company does not typically report monthly sales numbers, we felt that reporting record sales, in the economically challenging restaurant and hospitality industry, was a unique achievement for the company."
Mr. Klepfish continued, "Innovative Food Holdings' monthly record sales is especially notable as it comes after the company reported record 3rd quarter revenues of $1,891,316 for the 3rd quarter ended September 30, and reported a significant turnaround in quarterly operating profit by reporting record operating profit of $79,181 as compared to an operating loss of $112,032 for the comparable quarter a year ago. We believe that the strong operating results, reported in historically difficult economic times for the industry in which we operate, are a result of the synergies of leveraging Innovative Food Holdings' core gourmet platform across a variety of selling channels and we believe are a further indication of the core strength of the company's offerings."
Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food.
Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the Unites States, provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website at www.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc.
For The Gourmet, Inc., through its website, and through additional sales channels, provides the highest quality gourmet food products to the retail consumer market. To learn more, visit the For The Gourmet website at www.forthegourmet.com. For The Gourmet is a wholly owned subsidiary of Innovative Food Holdings, Inc.
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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, anticipated, believed, intended, potentially or expected.
The Company does not intend to update these forward-looking statements.
Contact:
Media Contact:
March Noble Communications
Dylan Hundley
(646) 435-4069
info@marchnoble.com
Innovative Food Holdings, Inc.
Sam Klepfish
(239) 449-3235
sklepfish@innovativefoodholdings.com
IVFH - Innovative Food Holdings Announces Record Monthly Sales for October
NAPLES, FL -- (Marketwire) -- 11/24/09 -- Innovative Food Holdings, Inc. (OTCBB: IVFH), a marketer and purveyor of high quality gourmet food products throughout the United States to professional chefs and to the gourmet consumer market, announced today record sales for the month of October. Sales in October were approximately $745,000; this sales number represents the best month of sales in Innovative Food Holdings' operating history.
"We continue to sell the highest quality gourmet food products and customers are responding," said Sam Klepfish, Innovative Food Holdings' CEO. "We are seeing strength in both the retail and foodservice side of our business and we are thrilled to be able to announce a record month of sales for the month of October. Although, the company does not typically report monthly sales numbers, we felt that reporting record sales, in the economically challenging restaurant and hospitality industry, was a unique achievement for the company."
Mr. Klepfish continued, "Innovative Food Holdings' monthly record sales is especially notable as it comes after the company reported record 3rd quarter revenues of $1,891,316 for the 3rd quarter ended September 30, and reported a significant turnaround in quarterly operating profit by reporting record operating profit of $79,181 as compared to an operating loss of $112,032 for the comparable quarter a year ago. We believe that the strong operating results, reported in historically difficult economic times for the industry in which we operate, are a result of the synergies of leveraging Innovative Food Holdings' core gourmet platform across a variety of selling channels and we believe are a further indication of the core strength of the company's offerings."
Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food.
Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the Unites States, provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website at www.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc.
For The Gourmet, Inc., through its website, and through additional sales channels, provides the highest quality gourmet food products to the retail consumer market. To learn more, visit the For The Gourmet website at www.forthegourmet.com. For The Gourmet is a wholly owned subsidiary of Innovative Food Holdings, Inc.
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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, anticipated, believed, intended, potentially or expected.
The Company does not intend to update these forward-looking statements.
Contact:
Media Contact:
March Noble Communications
Dylan Hundley
(646) 435-4069
info@marchnoble.com
Innovative Food Holdings, Inc.
Sam Klepfish
(239) 449-3235
sklepfish@innovativefoodholdings.com
Innovative Food Holdings Announces Record Monthly Sales for October
NAPLES, FL -- (Marketwire) -- 11/24/09 -- Innovative Food Holdings, Inc. (OTCBB: IVFH), a marketer and purveyor of high quality gourmet food products throughout the United States to professional chefs and to the gourmet consumer market, announced today record sales for the month of October. Sales in October were approximately $745,000; this sales number represents the best month of sales in Innovative Food Holdings' operating history.
"We continue to sell the highest quality gourmet food products and customers are responding," said Sam Klepfish, Innovative Food Holdings' CEO. "We are seeing strength in both the retail and foodservice side of our business and we are thrilled to be able to announce a record month of sales for the month of October. Although, the company does not typically report monthly sales numbers, we felt that reporting record sales, in the economically challenging restaurant and hospitality industry, was a unique achievement for the company."
Mr. Klepfish continued, "Innovative Food Holdings' monthly record sales is especially notable as it comes after the company reported record 3rd quarter revenues of $1,891,316 for the 3rd quarter ended September 30, and reported a significant turnaround in quarterly operating profit by reporting record operating profit of $79,181 as compared to an operating loss of $112,032 for the comparable quarter a year ago. We believe that the strong operating results, reported in historically difficult economic times for the industry in which we operate, are a result of the synergies of leveraging Innovative Food Holdings' core gourmet platform across a variety of selling channels and we believe are a further indication of the core strength of the company's offerings."
Innovative Food Holdings, Inc., through its wholly owned subsidiaries, is in the business of marketing and selling high quality gourmet food.
Food Innovations, Inc., in partnership with one of the largest Foodservice distributors in the Unites States, provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit the Food Innovations website at www.foodinno.com. Food Innovations is a wholly owned subsidiary of Innovative Food Holdings, Inc.
For The Gourmet, Inc., through its website, and through additional sales channels, provides the highest quality gourmet food products to the retail consumer market. To learn more, visit the For The Gourmet website at www.forthegourmet.com. For The Gourmet is a wholly owned subsidiary of Innovative Food Holdings, Inc.
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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, anticipated, believed, intended, potentially or expected.
The Company does not intend to update these forward-looking statements.
Contact:
Media Contact:
March Noble Communications
Dylan Hundley
(646) 435-4069
info@marchnoble.com
Innovative Food Holdings, Inc.
Sam Klepfish
(239) 449-3235
sklepfish@innovativefoodholdings.com
IVFH when you get a chance could you give the board an updated chart? thank you!
Don't forget that good news will trump all charts, if we see the website news or any other news this stock could move bigly from this position.
Read the last line they are cutting expenses and and going to do more marketing and advertising this year! that is a positive to me.
Selling, general and administrative expenses
Selling, general and administrative expenses were $1,119,320 for the nine months ended September 30, 2009, a decrease of $221,935 or approximately 17%, compared to $1,341,255 for the nine months ended September 30, 2008. The primary components of selling, general, and administrative expenses for the nine months ended September 30, 2009 were payroll and related costs of $672,829; consulting and professional fees of $182,448; facilities costs of $95,724; insurance costs of $56,254; travel and entertainment expenses of $31,092; amortization and depreciation of $24,632; commission expense of $23,149; and software expense of $17,752. Our legal fees in 2009 have decreased and we expect our legal fees to continue to decrease in 2009 due to (i) an expected reduction in costs related to the Pasta litigation (ii) our continued negotiation of flat billing fees rates with several of our professional service providers including for much of our legal fees going forward. We also expect to incur reduced accounting fees in 2009 as we have primarily addressed the SEC’s comments to our previous filings. We do however expect to increase our spending on advertising and marketing fees in 2009.