"In order to be successful, you have to make sure that being rejected doesn’t bother you at all."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Was this a good week for this stock? I think so! Management starting to grow, new CIO, John McDonald, Sam is now CEO and Justin President. They even reduced their debt converted it into shares. Ferrone must have some faith in this company to sink $160,000.00 into it's shares. Maybe Sam will hang around long enough to see this stock start trading like a real company.
Also someone brought 2mil shares this week at .0055 for $11000.00 that is more than lunch money. Maybe we have a future here, with the listing of this company on the OTC.BB coming, and it looks like management is starting to be shareholder friendly. By supplying us with news and updates. I guess we will get the numbers back from the SEC soon, although it was not mentioned in todays pr's it would have been nice to see an update on the true share count, The float is still very low on this one, you can tell by the way this thing moves on low volume.
Lets hope we get a Merry Xmas from this company.
Looks like the dumping has begun someone sold 2 mil on one trade. Or was that tax selling? more likely someone who brought the shares on the cheap or got the shares free.
We are getting further away from the .01 level on level II. We need an update from company about the numbers, and some good news. My guess is that the SEC sent back the papers because the numbers were incorrect again.
Hi Tony, can I get an annotative chart of IVFH thanks in advance.
At least this stock has found a new trading range. A little vol and we will nice. .01 is not far away look at level II.
Good to see that we are finally headed north, If we get a good 10Q we could be well on our way. Anyone have any ideas how long is it going to take before the SEC goes over the filings? OTC sounds good for a start!
Level II looking good all we need is some vol then we can break the .01 mark.
We are also on the A-list on Seasonals board..
http://investorshub.advfn.com/boards/board.asp?board_id=3424
If we break the .01 mark we will be on many other scans.
I guess our time is coming soon!
IVFH could be the next runner if it gets some vol. they had two good prs out yesterday.
IVFH ah news! Looks like a real company with real earnings this could be the turn around we have been waiting for! Low floater also!
Record Revenues of Over $7 Million for 2006; Revenue Growth of 27 Percent in 2006
NAPLES, Fla., Oct. 23, 2007 (PRIME NEWSWIRE) -- Innovative Food Holdings, Inc. (Pink Sheets:IVFH) announced today that based on preliminary unaudited information, sales for 2006 were $7,028,026. This represents an increase of approximately 27% in revenues 2006 over 2005. Sales in 2006 were strong as a result of the introduction of new products and increased sales of existing products. In addition, preliminary unaudited data reflect that sales for the first half of 2007 were $3,298,326 compared to $3,448,451 in 2006, representing approximately a 4 percent decrease compared to 2006.
The Company notes that all revenue amounts outlined above are preliminary, unaudited and subject to adjustment.
Justin Wiernesz, the Company's Chief Marketing Officer, noted that "2006 was a very strong year of record sales for us and some of that strength continued into 2007. Despite several bad weather days which affected deliveries, and a transition phase in marketing strategy, sales in 2007 continue to maintain the fairly steady pace of the strong sales growth experienced in 2006. In the last several months we have begun implementing several strategic programs that are intended to further drive sales. In addition, we continue to maintain an excellent relationship with our largest customer and although there are no specifics to disclose at this time, we are working very closely with our largest customer to create new marketing programs intended to further increase sales."
Innovative Food Holdings, Inc., through its wholly owned subsidiary, Food Innovations, Inc., provides, with a commitment to chef level extreme quality and service, gourmet food products to discerning chefs throughout the United States.
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 anticipated, believed, or expected. The Company does not intend to update these forward-looking statements.
CONTACT: Innovative Food Holdings, Inc.
(239) 449-3235
sklepfish@foodinno.com
More News! Record Revenues of Over $7 Million for 2006; Revenue Growth of 27 Percent in 2006
NAPLES, Fla., Oct. 23, 2007 (PRIME NEWSWIRE) -- Innovative Food Holdings, Inc. (Pink Sheets:IVFH) announced today that based on preliminary unaudited information, sales for 2006 were $7,028,026. This represents an increase of approximately 27% in revenues 2006 over 2005. Sales in 2006 were strong as a result of the introduction of new products and increased sales of existing products. In addition, preliminary unaudited data reflect that sales for the first half of 2007 were $3,298,326 compared to $3,448,451 in 2006, representing approximately a 4 percent decrease compared to 2006.
The Company notes that all revenue amounts outlined above are preliminary, unaudited and subject to adjustment.
Justin Wiernesz, the Company's Chief Marketing Officer, noted that "2006 was a very strong year of record sales for us and some of that strength continued into 2007. Despite several bad weather days which affected deliveries, and a transition phase in marketing strategy, sales in 2007 continue to maintain the fairly steady pace of the strong sales growth experienced in 2006. In the last several months we have begun implementing several strategic programs that are intended to further drive sales. In addition, we continue to maintain an excellent relationship with our largest customer and although there are no specifics to disclose at this time, we are working very closely with our largest customer to create new marketing programs intended to further increase sales."
Innovative Food Holdings, Inc., through its wholly owned subsidiary, Food Innovations, Inc., provides, with a commitment to chef level extreme quality and service, gourmet food products to discerning chefs throughout the United States.
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 anticipated, believed, or expected. The Company does not intend to update these forward-looking statements.
CONTACT: Innovative Food Holdings, Inc.
(239) 449-3235
sklepfish@foodinno.com
Hello flaflyersfan, did you pay for and get the full report on this company? and if so is this the info you reported, and the info that you received?
I am interested in getting the full report if there is anything to get. I lost many bucks on this pos, another 20 would not hurt at this point? Do you think that it is worth it to see if there is any info on this company that they may have not given us. If they filed an extension may there is no information available there. What are your thoughts?
https://sos-res.state.de.us/tin/controller
OD At least they are trying, maybe one day they will get it right.
Keep IVFH on your radar for a possible move soon, chart is shaping up plus their contract with US foodservice has been renewed for another year. JMO
Very true, it does dilute the stock a bit but the company stays a float! I think you are right it looks like the perfect storm is starting to brew..We still need numbers to get it going!
Today news looks like more bad news another 30 million shares will be added to the o/s. Let's hope this is that last of bad news. I am hoping that we can start getting some good news out of this company for a change. We must be due for something positive? We Still need numbers!!!
Time is coming up for the contract renewal...we still need some real facts and numbers to get this thing going...
On August 31, 2006, the registrant's wholly-owned subsidiary, Food Innovations, Inc. (“FII”), and Next Day Gourmet, L.P., a wholly-owned subsidiary of U.S. Foodservices, Inc. (“USF”), a unit of Royal Ahold, executed an extension, through September 10, 2007, of their existing contract pursuant to which FII supplies perishable foods to USF and its subsidiaries. In 2005, sales under this contract represented approximately 91% of the registrant's revenues and in the first six months of 2006 it represented approximately 90% of revenues.
Will he deliver?
"This is an exciting time to be joining Food Innovations," noted Mr. Wiernasz. "In addition, I believe that Food Innovations' reputation of commitment to quality and service is second to none among top chefs. I expect that by joining Food Innovations I will have the opportunity to expand Food Innovations' sales and marketing activities and educate existing and future customers on the benefits of the Food Innovations program."
A quote from June 8K...We need numbers!
my picks are CTGLF ISBL IVFH ,Burntinv
Dean is on route to Jamaica
http://hurricane.accuweather.com/hurricane/storms.asp?partner=accuweather&traveler=0&storm=D...
Moses777, Thanks for letting the board know! About the A+ rating.
http://investorshub.advfn.com/boards/board.asp?board_id=3424
I agree with Davidam we should be getting close to some good news let's see if the US food contract gets renewed. Bringing in the big gun from US Foodservice can't hurt this company. It looks like he moved from Boston to Naples to solidify this relationship with US Foodservice. Do your DD on this one.
Limit Order Protection Rules to Apply to Pink Sheet Stocks Beginning July 2007
May 14, 2007
Pink Sheets News Service
New York, NY - May 14, 2007, 2007 - The SEC has recently approved changes to the NASD's rules and interpretive materials regarding Limit Order Protection. Previously, these rules, commonly referred to as Manning, applied only to Nasdaq listed securities and those quoted on the OTCBB. By expanding the interpretation, Manning principles and all the interpretive guidance thereunder will apply to those equity securities quoted on the Pink Sheets, as well as all other-OTC equities (those traded in the "grey market").
Manning generally prohibits an NASD member from trading for its own account in a security at a price that is equal to or better than an unexecuted customer limit order in that security, unless the member immediately thereafter executes the customer limit order at the price at which it traded for its own account or at a better price.
A member firm that accepts and holds an unexecuted limit order from its customer (whether its own customer or a customer of another member) in an listed security or OTC equity security and that continues to trade the subject security for its own account at prices that would satisfy the customer's limit order, without executing that limit order, shall be deemed to have acted in a manner inconsistent with just and equitable principles of trade, in violation of Rule 2110 (IM-2110-2). However, a member firm may negotiate specific terms and conditions applicable to the acceptance of limit orders that are: (a) for customer accounts that meet the definition of an "institutional account" as that term is defined in Rule 3110(c)(4); or (b) 10,000 shares or more, unless such orders are less than $100,000 in value. In the event that a member trades ahead of an unexecuted customer limit order at a price that is better than the unexecuted limit order, such member is required to execute the limit order at the price received by the member or better. Nothing in this interpretation, however, requires members to accept limit orders from any customer.
This change is effective on July 26, 2007. To view the changes to IM-2110-2, please see Notice to Members 07-19 [PDF]
For further information about IM-2110-2 or Limit Order Protection, please contact us by email at info@pinksheets.com, or contact Michael T. Dorsey, Esq., Managing Director, Trading Services & Compliance at 212-896-4456.
The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.
P.S. Pinks sheets have a new look for the quotes, shows short interest on the quotes page.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ivfh#getQuote
Have a good weekend! All we need now is some goods news from the company!
It looks like the rise we had the other day was one or two individuals looking to take a position in the stock, look at the dollar vol 600k = $2400. If we get real news then we could see a massive rise, if a couple of hundred people would want to take a position. Until then we wait and we wait...
16% move on 10k! I can't wait to see what a 10 mil share day will do.
If this tiny company is generating 10m in business for US Foodservice and the market cap is 290.38K for IVFH I think we may be a take over candidate, however we don't know the true numbers do to fact of their accounting errors?
We need some answers KKR is a big deal in the streets, they see value in US Foodservice other wise they would not have purchased it from AHold! The big question is this going to a friendly deal for IVFH? Will we gain more market share under new management or will they drop Foodinno like a hot potato?
No they are not acting like a private company they are acting like a bunch of little kids!
Saying, I know something that You Don't Know! And I won't tell you!
One day they will grow up and start acting like professionals I hope?
What we need to do is keep calling them and maybe we will get some answers! We deserve some answers!
Now what does this mean for IVFH as this is their main business source according to their last 10Q? Will this new company still use IVFH? Will this new company drop IVFH as a vendor? Or maybe they plan on taking over IVFH, being that now they have one of their own in IVFH, Justin? That would make sense to me because it seems that Sam doesn't want to run this company. He lives in NY and and the company operates out of Naples FL. Justin is working out of Naples FL with IVFH maybe US foodservice will be bring in more of their people to take over this company? Or maybe we might get some good management from KKR to start making some good business decesions on running a business. Or maybe not! We need to hear something soon from these jokers. This stock has done nothing but go down since Sam has took over.
Kohlberg Kravis Roberts & Co. and Clayton, Dubilier & Rice, Inc. announced today that they have completed the previously announced acquisition of U.S. Foodservice, the second largest broadline foodservice distributor in the U.S., from Royal Ahold N.V. (NYSE: AHO - News). Funds affiliated with KKR and CD&R are equal partners in the transaction, valued at $7.1 billion.
ADVERTISEMENT
"We look forward to working with U.S. Foodservice's strong management team to continue to drive operating performance improvements," said Charles A. Banks, Chairman of the Board of Directors of U.S. Foodservice and a CD&R operating partner. "The company's leadership position in the highly fragmented foodservice industry provides attractive organic and acquisition- related growth opportunities."
Michael M. Calbert, a Member of KKR, stated, "We are pleased to complete the acquisition of U.S. Foodservice, with its strong market position and future growth prospects. We look forward to partnering with Bob Aiken, Chief Executive Officer, and the rest of the management team to pursue U.S. Foodservice's many attractive growth and operational improvement opportunities."
U.S. Foodservice generated revenues of more than $19 billion in 2006 through operations covering a geographic area in which over 90 percent of the U.S. population resides. The company provides food and related products to independent restaurants, healthcare and hospitality customers, educational institutions and prominent multi-unit restaurant companies.
Financing for the transaction was provided by Citigroup, Deutsche Bank, Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. and Royal Bank of Scotland.
Citigroup, Deutsche Bank, Morgan Stanley & Co. and Rabobank acted as financial advisors to CD&R and KKR. Simpson Thacher & Bartlett LLP acted as legal advisor to the buyers and Debevoise & Plimpton LLP acted as legal counsel in connection with the financing.
About KKR
Kohlberg Kravis Roberts & Co. (KKR) is one of the world's oldest and most experienced private equity firms specializing in management buyouts. Founded in 1976, it has offices in New York, Menlo Park, London, Paris, Hong Kong and Tokyo. Throughout its history, KKR has brought a long-term investment approach to its portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Since its founding, KKR has completed more than 150 transactions with an aggregate value of over $279 billion. (http://www.kkr.com)
About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice, Inc. (CD&R) is a leading private equity investment firm that has earned consistent, superior investment returns using an integrated operational and financial approach to building and growing portfolio businesses. CD&R's portfolio investments have included Alliant Foodservice, sold to Ahold in 2001, and Brakes Foodservice, the U.K.'s market leader with operations in France, as well as Hertz, Culligan International, and VWR International. CD&R recently announced an agreement to acquire ServiceMaster in a transaction valued at $5.5 billion. The firm is based in New York and London. (http://www.cdr-inc.com)
About U.S. Foodservice
U.S. Foodservice is a recognized leader in the American foodservice industry, delivering food and related products to independent restaurants, healthcare and hospitality customers, educational institutions and prominent multi-unit restaurant companies. U.S. Foodservice's combination of customer focus, industry-leading commitment to service and a powerful portfolio of national and private label brands allows the Company to deliver exceptional value to every customer.
--------------------------------------------------------------------------------
Source: Kohlberg Kravis Roberts & Co.; Clayton, Dubilier & Rice, Inc.
My pick is WWAT 2.25
I agree, this is the first company I invested in that does not want their stock to go up. These guys need to buy a clue!
Just because company is quiet does not mean that they are sleeping?
Nothing, there was no news to post so I thought we needed some entertainment.
Maybe AHold is looking at this company, I doubt it but it is a real long shot. There is a just maybe that Sam could be setting this company up to be sold, by bringing in US Foodservice people? Maybe that is why he is so quite? JMHO
(AHO.N: Quote, Profile , Research) is looking at "small, fill-in acquisitions" and that big acquisitions were "not a main priority," Chief Executive Anders Moberg said on Thursday.
Ahold is selling its U.S. Foodservice catering supplies subsidiary for $7.1 billion.
"We are always looking at small, fill-in acquisitions," Moberg told reporters on a conference call, adding that a large acquisition was not a priority for the retailer.
Belgium's Delhaize (DELBt.BR: Quote, Profile , Research), with a market capitalisation of 7 billion euros ($9.5 billion), has been cited by analysts as a potential merger partner for Ahold.
Reuters Pictures
Editors Choice: Best pictures
from the last 24 hours.
View Slideshow
Moberg declined to say on the call whether Delhaize was a target.
OT:Count every "F" in the following text:
FINISHED FILES ARE THE RE
SULT OF YEARS OF SCIENTI
FIC STUDY COMBINED WITH
THE EXPERIENCE OF YEARS...
HOW MANY ?
WRONG, THERE ARE 6 -- no joke
READ IT AGAIN !
Really, go back and try to find the 6 F's before you scroll down.
The reasoning behind is further down.
The brain cannot process "OF".
Incredible or what? Go back and look again!! Anyone who sees all six the first time is a genious!
Three is normal, four is quite rare.
Send this to your friends.
It will drive them crazy, and keep them occupied for several minutes!
More Brain Stuff . . . From Cambridge University.
O lny srmat poelpe can raed this.
I cdnuolt blveiee that I cluod aulaclty uesdnatnrd what I was rdanieg. The
Phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinerv tisy,
It deosn't mttaer in what oredr the ltteers in a word are, the olny iprmoatnt tihng is that the first and last ltteer be in the rghit pclae. The rset can be a taotl mses and you can still raed it wouthit a porbelm.
This is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the word as a wlohe. Amzanig huh? Yaeh and I awlyas tghuhot slpeling was ipmorantt!
Dave, I think that Sam is much smarter than we think. He did not put out any numbers so that the stock would drop. Now that the note holders could not convert their 1/2 billion shares into common stock. I believe that he must have brought those notes back. The mention of the notes are not in the last 10Q. Was it taken out? The Share count has not gone up no dilution, no shares are being sold by the company! I verified that fact!
Also with the hiring of Justin he has insured that IVFH will survive. I am sure that Justin has a lot of connections in US Foodservice and will use them to his advantage. Plus IVFH needed some experienced management, two birds with one stone!
The first rule in business is not what you know, but who you know. I am sure Justin knows a lot of people!
Looking forward to a profitable summer!
Dave, you made a good point in that priavte message about Justin coming to IVFH. Why would a guy with a good job in US Foodservice leave and come to IVFH? There has to be a lot more in IVFH than we know about and has not been released.
The company must be thriving, not struggling.
There must be great prospects in IVFH if he is coming here.
Company can't be going out of business if he is coming here!
There must be a greater story to tell as to why he is coming to IVFH.
I think Sam will tell us a great story soon!
IVFH up another 17% today it looks like a bottom buster! real company and low floater.
IVFH up another 17% today up 75% yesterday, low floater moves easily!
Just a little consolidation before the next move up!
Taki this is only the beginning!