"In order to be successful, you have to make sure that being rejected doesn’t bother you at all."
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IVFH is #11 on IHUB most active stocks today!
I hope this will be true...
Mr. Klepfish continued, "We are delighted to be so fortunate to bring a person of Justin's caliber to our company. We look forward to working with Justin and we anticipate that he and the entire Food Innovations team will strive to make the company a success for our shareholders."
IVFH up 75% on news...
Food Innovations names Chief Marketing Officer
New Senior Management Hiring Focused On Sales and Marketing activities and Business Relationships
NAPLES, Florida, June 4, 2007 /PRNewswire via COMTEX/ -- Innovative Food Holdings, Inc., a provider of gourmet food products to discerning chefs, today announced that Mr. Justin Wiernasz has joined its wholly-owned subsidiary, Food Innovations, Inc. ("Food Innovations") as Chief Marketing Officer and Executive VP of Marketing and Sales.
Mr. Wiernasz has direct experience in marketing, sales and business development in the food industry. Prior to joining Food Innovations, he served for 13 years at US Foodservice in sales, management and senior management positions. Positions included National Sales Trainer, where he was responsible for training sales Reps for the Southeast United States; and most recently as VP of Marketing, Boston, where he was responsible for implementing the Marketing Program for both Boston divisions of US Foodservice. Prior to joining US Foodservice, Justin was the owner and operator of a 90-seat restaurant in Southampton, MA which he sold after four years of profitable operations.
Commenting on the appointment, Sam Klepfish, Interim President for Innovative Foods said, "Understanding the needs of the Chefs and restaurants we service and the needs of our largest customer (US Foodservice) is central to Food Innovations' model of providing, what we believe is unparalleled quality products and customer service to discerning Chefs. Justin brings to Food Innovations many years of expertise in the sales and marketing of gourmet food products to Chefs, as well as a successful hands-on entrepreneurial track record."
Mr. Klepfish continued, "We are delighted to be so fortunate to bring a person of Justin's caliber to our company. We look forward to working with Justin and we anticipate that he and the entire Food Innovations team will strive to make the company a success for our shareholders."
"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."
About Innovative Food Holdings, Inc.:
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 Holding, 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.
SOURCE Innovative Food Holdings, Inc.
CONTACT: Sam Klepfish of Innovative Food Holdings, Inc., +1-718-614-5549
URL: http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
IVFH up 75% on news...
Food Innovations names Chief Marketing Officer
New Senior Management Hiring Focused On Sales and Marketing activities and Business Relationships
NAPLES, Florida, June 4, 2007 /PRNewswire via COMTEX/ -- Innovative Food Holdings, Inc., a provider of gourmet food products to discerning chefs, today announced that Mr. Justin Wiernasz has joined its wholly-owned subsidiary, Food Innovations, Inc. ("Food Innovations") as Chief Marketing Officer and Executive VP of Marketing and Sales.
Mr. Wiernasz has direct experience in marketing, sales and business development in the food industry. Prior to joining Food Innovations, he served for 13 years at US Foodservice in sales, management and senior management positions. Positions included National Sales Trainer, where he was responsible for training sales Reps for the Southeast United States; and most recently as VP of Marketing, Boston, where he was responsible for implementing the Marketing Program for both Boston divisions of US Foodservice. Prior to joining US Foodservice, Justin was the owner and operator of a 90-seat restaurant in Southampton, MA which he sold after four years of profitable operations.
Commenting on the appointment, Sam Klepfish, Interim President for Innovative Foods said, "Understanding the needs of the Chefs and restaurants we service and the needs of our largest customer (US Foodservice) is central to Food Innovations' model of providing, what we believe is unparalleled quality products and customer service to discerning Chefs. Justin brings to Food Innovations many years of expertise in the sales and marketing of gourmet food products to Chefs, as well as a successful hands-on entrepreneurial track record."
Mr. Klepfish continued, "We are delighted to be so fortunate to bring a person of Justin's caliber to our company. We look forward to working with Justin and we anticipate that he and the entire Food Innovations team will strive to make the company a success for our shareholders."
"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."
About Innovative Food Holdings, Inc.:
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 Holding, 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.
SOURCE Innovative Food Holdings, Inc.
CONTACT: Sam Klepfish of Innovative Food Holdings, Inc., +1-718-614-5549
URL: http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
IVFH up 75% on news...
Food Innovations names Chief Marketing Officer
New Senior Management Hiring Focused On Sales and Marketing activities and Business Relationships
NAPLES, Florida, June 4, 2007 /PRNewswire via COMTEX/ -- Innovative Food Holdings, Inc., a provider of gourmet food products to discerning chefs, today announced that Mr. Justin Wiernasz has joined its wholly-owned subsidiary, Food Innovations, Inc. ("Food Innovations") as Chief Marketing Officer and Executive VP of Marketing and Sales.
Mr. Wiernasz has direct experience in marketing, sales and business development in the food industry. Prior to joining Food Innovations, he served for 13 years at US Foodservice in sales, management and senior management positions. Positions included National Sales Trainer, where he was responsible for training sales Reps for the Southeast United States; and most recently as VP of Marketing, Boston, where he was responsible for implementing the Marketing Program for both Boston divisions of US Foodservice. Prior to joining US Foodservice, Justin was the owner and operator of a 90-seat restaurant in Southampton, MA which he sold after four years of profitable operations.
Commenting on the appointment, Sam Klepfish, Interim President for Innovative Foods said, "Understanding the needs of the Chefs and restaurants we service and the needs of our largest customer (US Foodservice) is central to Food Innovations' model of providing, what we believe is unparalleled quality products and customer service to discerning Chefs. Justin brings to Food Innovations many years of expertise in the sales and marketing of gourmet food products to Chefs, as well as a successful hands-on entrepreneurial track record."
Mr. Klepfish continued, "We are delighted to be so fortunate to bring a person of Justin's caliber to our company. We look forward to working with Justin and we anticipate that he and the entire Food Innovations team will strive to make the company a success for our shareholders."
"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."
About Innovative Food Holdings, Inc.:
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 Holding, 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.
SOURCE Innovative Food Holdings, Inc.
CONTACT: Sam Klepfish of Innovative Food Holdings, Inc., +1-718-614-5549
URL: http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
That looks like good news we need an experinced manager with some type of connections to move this company forward! Let's hope that this is the start of something good!
IVFH Food Innovations names Chief Marketing Officer
New Senior Management Hiring Focused On Sales and Marketing activities and Business Relationships
NAPLES, Florida, June 4, 2007 /PRNewswire via COMTEX/ -- Innovative Food Holdings, Inc., a provider of gourmet food products to discerning chefs, today announced that Mr. Justin Wiernasz has joined its wholly-owned subsidiary, Food Innovations, Inc. ("Food Innovations") as Chief Marketing Officer and Executive VP of Marketing and Sales.
Mr. Wiernasz has direct experience in marketing, sales and business development in the food industry. Prior to joining Food Innovations, he served for 13 years at US Foodservice in sales, management and senior management positions. Positions included National Sales Trainer, where he was responsible for training sales Reps for the Southeast United States; and most recently as VP of Marketing, Boston, where he was responsible for implementing the Marketing Program for both Boston divisions of US Foodservice. Prior to joining US Foodservice, Justin was the owner and operator of a 90-seat restaurant in Southampton, MA which he sold after four years of profitable operations.
Commenting on the appointment, Sam Klepfish, Interim President for Innovative Foods said, "Understanding the needs of the Chefs and restaurants we service and the needs of our largest customer (US Foodservice) is central to Food Innovations' model of providing, what we believe is unparalleled quality products and customer service to discerning Chefs. Justin brings to Food Innovations many years of expertise in the sales and marketing of gourmet food products to Chefs, as well as a successful hands-on entrepreneurial track record."
Mr. Klepfish continued, "We are delighted to be so fortunate to bring a person of Justin's caliber to our company. We look forward to working with Justin and we anticipate that he and the entire Food Innovations team will strive to make the company a success for our shareholders."
"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."
About Innovative Food Holdings, Inc.:
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 Holding, 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.
SOURCE Innovative Food Holdings, Inc.
CONTACT: Sam Klepfish of Innovative Food Holdings, Inc., +1-718-614-5549
MY penny picks Burntinv: NSHV, PLRS, SKCI
That was the MM's settling out the trades that they stole from the investors who had put orders in to sell at that price!
NSHV is on the move!
Nice to see we are finally getting noticed here.
NSHV - NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (Pink Sheets: NSHV - News) is proud to announce Tim Riley as the new Vice President,. Riley joins Nashville Records(TM) on a full time exclusive basis.
ADVERTISEMENT
Riley has been awarded 96 gold and multi-platinum records for his marketing expertise. He was nominated for Billboards' Promotion Man of the Year 3 times and has been involved in sales, promotion and marketing of over 1100 singles and 400 charted albums.
From 1969 to 1983 Riley promoted radio and retail acts that included the first promotional tours of Billy Joel, Foreigner, Kansas, Journey, John Denver, Ray Charles, Whitney Houston, Pattie LaBelle, Bette Midler, Elton John, Dionne Warwick, James Brown, Seals & Crofts, Bread, and Aerosmith.
In 1983 Riley moved to Nashville and produced over 100 World Radio Premiers & Radio Specials for Dolly Parton, Brooks & Dunn, Reba McEntire, Leann Rhimes, Tim McGraw, Merle Haggard and Hank Williams Jr. His resume also includes, Waylon Jennings, Willie Nelson, Billy Ray Cyrus, Shania Twain, Garth Brooks and Thrisha Yearwood, Bill Monroe, Sawyer Brown, Nitty Gritty Dirt Band, Billy Dean, Keith Urban, Trace Adkins, Travis Tritt, and numerous others.
In the past he has provided video and audio products to all the major radio and retail chains such as AOL, Clear Channel, Infinity, Cumulus, ABC, Jones, and Country Music Television. For many years he has been involved in promotional venues for many of the large Nashville Labels such as Curb, Capitol, Mercury, RCA, Warner Brothers, and EMI.
Nashville Records(TM) President, Gene Sibbett, says Tim Riley lends the company a door to marketing channels that could have a significant impact on the Company's overall marketing plans through the coming years.
Legal Notice Regarding Forward-Looking Statements
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact:
Nashville Records, Inc.
Investor Relations:
David J. DiRicco, 877-995-0992
www.nashvillerecords.com
--------------------------------------------------------------------------------
NSHV looks like it is trying to turn north, sellers may be fading.
Hi Dave, Saw all the chatter on GBDX, I had to take a small position in it on Fri. Bring on the news!
Burntinv; GBDX, NSHV, IVFH
I know that money is gone and IVFH will most likely never collect it. But the company still has a chance to survive. If Sam can prove his self as a real businessman. Let's see why he gave himself a raise. Is he going to put some work into this company, or is he going to just try to make a profit for himself?
Of course I do, looks Joe has not given up his dreams! That is why I say we will hear more about him in the future!
Something tells me that we will hear from Joe again at IVFH.
http://www.whirlmagazine.com/current_month/whirl_food_department_chef.php
He doesn’t look like your typical chef. Where there’s usually a pristine white jacket, there’s a “West Side” T-shirt, a look polished off by heavy-metal hardware — rings, bracelets, and cuffs with cool stories — and a tattoo on his bulging bicep. His other ink is underneath his tough-guy jeans booted off with alligator-skin shoes (no Crocs here). Admittedly, he looks more like a rock star than a chef. But his cooking is the equivalent of Jimi Hendrix headlining Woodstock 1969.
He is Joe DiMaggio (yes, he is related — a distant cousin), Tusca Mediterranean Tapas chef. He has numerous 4-star ratings under his studded belt and has personally cooked for Al Pacino, Frank Sinatra, Harrison Ford, President Clinton, and The Rolling Stones. So coming up with a concept for Pittsburgh’s chic new SouthSide Works was a piece of cake (oh wait until you hear about the cake!).
He met brothers John and Joe Mowod at a US Foods show at Seven Springs Mountain Resort in 2004. DiMaggio was representing his food purveying company, Food Innovations, Inc. (After so many years in the business of opening outstanding eateries, he went into the business of supplying them with the very best, origin-specific ingredients. Call it a “food chain;” it makes sense.) The Mowods were looking for someone to design the menu and the kitchen for a tapas restaurant they wanted to open locally with their father, Tony Mowod, and friend, Roy Davis. With DiMaggio, it clicked. They schmoozed the chef for a few years, visiting him at his home in Naples, Fla. They had faith in Pittsburgh. And so did their chef. “I had been visiting for a few years, getting to know some of the great chefs in the city.” DiMaggio says. “I saw Pittsburgh evolve and grow in a culinary sense, and I wanted to be a part of that.”
With the South Side situating itself for a stage of swank, the group knew where they wanted to open. So plans were laid, and the plates were set. It would be tapas-style eating, the light little dishes perfect for the pre-theater crowd or the all-evening local-ites. And for the menu, DiMaggio fused his Italian upbringing with the Lebanese heritage of its owners. His thinly layered eggplant tower mortared with marinara is as weepingly delicious as the kafta lamb flatbread, drizzled lightly with yogurt cardamom sauce and spicy cardamom curry.
But more delicious is his shrimp and lobster angel hair. He twirls a forkful for me, giving pasta a little edge as his skull and crossbones jewelry reflects off of my silverware, and he lifts the buttery bite to my lips. It’s the best thing I’ve ever tasted. And maybe that’s because I’m three weeks into my bathing-suit diet. Or maybe it’s the butter. And the exploded garlic. The spinach. And the sweet lobster. And the shrimp — with just the right pop.
But the chef, the showoff, and the bad boy in him can’t wait for me to taste Eggs in Purgatory. It’s another one of his culinary geniuses: a poached egg swimming in rich pool of marinara, Reggiano cheese, and fresh herbs. Too good for me to put words to, DiMaggio does it for me: “Couldn’t you just bathe in that?”
The culinary tour continues with the Sicilian blood orange salad, and as I take tart, peppered bites of juicy oranges over baby greens, I make the chef tell me about his tattoos. I’m not surprised when he describes his equally artistic, award-winning four-star Toronto restaurant, Wet Paint. Local, unknown artists come in during dining hours and make their marks on canvases, tabletops — whatever, and then sell them off to happy patrons. Imagine going home with a $45,000 (the highest ticket price to date) Picasso-like portrait instead of a doggy bag with dessert — 65 percent of the proceeds go to the artist; the rest goes to children’s charities. DiMaggio likes the concept so much he’s rolling out five more this year of them this year — in Tokyo, London, Montreal, Naples, and Vegas — simply dubbed “Canvas.” He’ll simultaneously be starting up Za Za, “a serious pizza delivery concept.” The new chain will feature commercials from HBO’s favorite crime family. Picture the rough and tough Soprano brothers kidnapping a Dominos delivery guy. It’s a last-wishes sort of eating scenario.
It’s not that far off. As I’m sitting at the frosted glass table in Tusca, pondering what will be my last meal before four grueling months of pre-bikini cardio, I couldn’t think of a mobster I’d rather have cooking for me. Then he produces the Almond Joy cake. And I want to cry. It’s lightly dusted with cocoa. The crust is a crumbling dark chocolate. Two dainty almonds sit on top. He delivers the good news on two spoons: Not only is it his creation, it’s a guiltless 165 calories; the white whip center is made with non-dairy cream. I’ve died. I’ve gone to heaven. And Joe DiMaggio, black T-shirt and hardcore jewelry and tough-guy tattoos, stands at the pearly gates.
Chef’s Dish
He loves to make: “Breakfast. I do kiwi, banana, and Grand Marnier omelettes stuffed with cream cheese mousse.”
The kitchen at Tusca: “It’s a European line — which is more like a big square, everything out in the open for people to see. It’s entertainment!”
VIP: “My executive sous chef Patrick Macfarlane, who hails from Robert DeNiro’s Tribeca Grill in New York. Patrick is everything to me here.”
GOOD DD Flaflyersfan, At least Food Innovations we got a little mention from WHIRL mag!
Burntinv: REV, SBRX, IVFH
I did call them they said they took it down? They couldn't tell me why! Looks like a going out of business sale.
Company website has no product listings, not a good sign?
Burntinv: NSHV, IVFH, FMLY
Burntinv: NSHV, IVFH, WNSH
Has anyone in this stock spoke with Sam, he is the man with all the answers?
Burntinv: INTC,RFMD,AHO
I felt that the exercise price of .05 was to good to be true! I guess we got shafted again!
The board of directors also approved the issuance of 10 million stock options to each of its members, representing 5 million options for services rendered in 2006, for which no compensation had previously been awarded, and the balance as compensation for 2007. The options issued for 2006 are vested immediately upon issuance and the options for 2007 shall not vest until December 1, 2007. Each of the options shall be exercisable into common stock for five years from the date of vesting at an exercise price of $0.005 per share.
With todays news it looks like Sam and the board are setting themseleves up for for a little profit. It always looks better if the CEO is involed in the company. Maybe he can pull us out of this sink hole.
I am seeing that AHI Tuna is becoming more popular! I wonder if IVFH is selling any, to any large chains?
Good point David, noteholders should be in a negotiating mood since they can't anything for their shares now. Sam should be able to come up with some type of deal now!
Ron Pearlman will be on Donny Duetsh tonight. His first interview! Bell buy!
This is the law firm that IVFH uses Their Atty is Irving Rothstein. He is also a holder of shares.
Feder, Kaszovitz, Isaacson, Weber
Skala, Bass & Rhine LLP
750 Lexington Avenue
New York, New York 10022-1200
Telephone: 212-888-8200
Telefax: 212-888-7776
PARTNERS AND COUNSEL
Geoffrey A. Bass
Alvin M. Feder
Martin J. Hertz
Jonathan D. Honig
Leonard A. Isaacson
Ronald S. Itzler
Gabriel Kaszovitz
Saul Kaszovitz
Howard I. Rhine
Bruce Robins
Irving Rothstein
Ezio Scaldaferri
Murray L. Skala
Marcel Weber
a list of a few shareholders of IVFH...
INNOVATIVE FOOD HOLDINGS INC
Last Name First Name
ACKERMAN KONRAD
AFANDI AL
AMBROSE BOB
AMENDOLA JOE
AMENDOLA JOSEPH
ATKIN MURIEL
BEARD JAMES
BLANC GEORGES
BRAND ASHER
BROWN CHRISTOPHER
BROWN CHRISTOPHER M.
DENNEHY CHARLES
DENNEHY CHARLES D.
DENNEHY DAPHNE
DENNEHY SANDRA
DENNEHY WILSON
DIMAGGIO JOE
DIMAGGIO JOE
DIMAGGIO JOSEPH
DONAHUE PHIL
ELMONT SIMON PETER
FANDI AL
FERRONE MICHAEL
FLEMING STEPHEN
FOSTER COLIN
GOLD JOEL
GOURMET BELLA BELLA
HAMMER JOSEPH
HODGE OMAR
HOUSTON CAROL
HOUSTON CAROL A.
HOUSTON JOE DIMAGGIO CAROL
HOUSTON SAM KLEPFISH CAROL
JONATHAN JONATHAN D. STECKLER
JONES ARTHUR
KELLY JENNIFER
KELPFISH SAM
KLEPFISH SAM
MITTMAN BARBARA
MITTMAN BARBARA R.
MORREN KATHLEEN
PALMER CHARLES
PHIPPS GERALD H.
PIERSON THOMAS F.
PINTABONA DON
RABINOWITS ARIE
ROMANO MICHAEL
ROSS MARC
ROTHSTEIN IRVING
SASS KAREN
SCHEMENAUER EVAN
SCHMIDT EDWARD C.
SCHOENMAN JON F.
SCHOENMAN KYUNG SOOK
SCHOENMAN ROBERT A.
SCHOENMAN ROBERT M.
SCHOENMAN SHARON K.
SEARING FREDERICK E.
SHELL RICHARD L.
STECKLER JONATHAN
STECKLER JONATHAN D.
TALMAN MARTA
THOMAS MARLO
UROSHEVICH INGRID
UROSHEVICH MIROSLAV
VILA BOB
VILAS BOB
WOLTMAN BEN D.
ZIAKAS Z. ZACKARY
No, we were getting updates in their 10Q and 8k's, now we are not getting anything?
Great job David, We have to stay on their case. Going quiet on us is just not right. We all need to know the truths, good or bad. We all know the risks of investing in pinks, but in this case I think that the company is being too arrogant in not keeping the investors informed.
The warrants and notes have not been converted as of yet. Just maybe they have come to some type of agreement, just grasping for straws. That is why we need some type of communications from these guys.
Cantini,
Share structure has not changed. It is a shame that Sam refuses to share any info with public.
Share Structure
OS ~ 151.310.796
Float ~ 55m approx.
Looks like IVFH may end up going to Sysco?
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070323:MTFH79146_2...
That means we have to start calling management and demand some answers! Start sending letters for an answer!
Here is copy of the letter I sent to IVFH at IR@foodinno.com.
I suggest that any investor who owns, or interested in owning shares in this company send a copy of this letter, or compose their own letter. Management needs to hear from all of us!
Mr. Kelpfish,
On the following dates management have made the following statements in your 10Q’s, 8K’s and Press releases. Shareholders and potential investors are looking for explanations and updates on these statements. We understand that the numbers were incorrectly stated, however when are we going to get the updated numbers!
If management in aligned with shareholders and is committed to building shareholder value, where is the value?
You also mentioned that you will reapply for the OTC.BB when will that happen?
You also stated that you are trying to collect monies that lent to Italian Pasta how is that process going?
You mentioned that you are also negotiating with Note holder’s how is that going?
You also mentioned that you are working with some major hotels and restaurants, how are those deals going? Would you be able to update us on the status of these new deals?
Innovative Food Holdings, Inc. files Form 8-K
Naples, Florida - October 6, 2006 - Innovative Food Holdings, Inc. (PK: IVFH) announced today that it has filed a Current Report on Form 8-K with respect to the reliability of its financial statements for all periods since December 31, 2004. Accounting errors were identified, some of them pursuant to an ongoing analysis of the Company’s financial statements initiated by the Company’s Interim President, primarily related to the accounting for discounts and penalties related to convertible notes previously issued by the Company and for shares issued at below market prices in 2004 and during the first quarter of 2005. Specifically, an outside accounting consulting firm retained by the Company has determined, and the Company’s independent auditors have agreed, that the Company did not properly account for accrued penalties associated with the untimely registration of shares underlying certain outstanding convertible notes , that the Company did not properly account for beneficial conversion features associated with the notes and that certain issuances of stock at below market prices were not properly accounted for. While the Company cannot currently quantify the amount of the restatement in question, it currently appears most likely that the necessary changes to the Company’s financial statements will increase the Company’s liabilities and non-cash expenses from the amounts previously reported.
Sam Klepfish, Interim President noted “We are committed to growing Food Innovation’s core business. Recently, we initiated an ongoing analysis of our operations and our financial statements geared towards improving all aspects of the Company’s operations and we determined that certain adjustments needed to be made. The adjustments are related to the correct application of GAAP rules relating to certain non cash expenses and liabilities for stock issuances and debt issuances which took place in 2004 and 2005 and are expected to have no significant effect on the Company’s ongoing operations,. In addition, upon completion of any required adjustments and the filing of the Company’s Annual Report on Form 10-KSB for the 2006 fiscal year, we intend to reapply to the NASD to have the Company’s common stock quoted on the OTC:BB. We believe strongly in our core business and its growth potential and we are committed to building value for our shareholders. In addition, management, which is directly aligned with shareholders, has not sold any shares in the Company over the last two years and currently has no intention of doing so in the near future.”[b/]
Innovative Food Holdings, Inc. through its wholly owned subsidiary, Food Innovations, Inc., provides just-in-time fine food products and food solutions to restaurants, hotels and other food industry establishments. Uniquely enabled by its business model, Food Innovations supplies discerning chefs with the food products they need, when they need them. Not Before. Not Later. Just-in-time.
Item 4.02. Non-Reliance on Previously Reported Issued Financial Statements or a Related Audit Report or Completed Interim Review
On September 19, 2006, Mr. Sam Klepfish, our Interim President, in a review of our financial statements, observed that our financial statements did not contain an accrual for non-registration penalties arising under the subscription agreements for our February and August 2005 financings. Mr. Klepfish discussed his concerns with our board of directors and then raised the issue with our independent auditors. Our independent auditors recommended that we present the issue to our outside accounting consulting firm and seek their comment on the matter. On September 12, 2006, we retained the accounting consulting firm IncFin, LLC to analyze our financial statements and assist us in the preparation of our financial statements, including specifically, but without limitation, any required changes to our financial statements arising from a comment letter from the Securities and Exchange Commission dated January 19, 2006 commenting on a registration statement on Form SB-2 that we filed on December 21, 2005. On October 2, 2006, we were advised by our accounting consultants that they believe there are material errors contained in our financial statements for the fiscal years ended December 31, 2004 and 2005 and for the interim periods ended March 31, 2005 and 2006, June 30, 2005 and 2006 and September 30, 2005. Our accounting consultants also advised us that they had discussed their conclusions with our independent auditors and that our independent auditors were in agreement with their conclusions. On October 3 and October 5, 2006, Mr. Klepfish contacted each of our directors to discuss the results of the investigation of our outside accountants. As of the date hereof, our outside accounting consultants have made a preliminary determination that there are at least three areas in which our financial statements require revision: one, with respect to the accrued penalties identified above; two, with respect to the below market conversion feature on convertible debt instruments issued in 2004; and three, the valuation of common stock issued at below market prices. It is also possible that additional errors may be found when the accounting consultants complete their analysis. Our outside accounting consultants have advised us that at this time they cannot quantify the changes to our financial statements that will be necessary to properly restate them. Due to the need to address all of the above, it is unlikely that we will be able to file timely our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006.
Item 8.01. Other Matters
On October 12, 2006, an aggregate of approximately $610,000 principal and interest of the registrant's 8% convertible notes became due. On October 13, 2006, a noteholder to whom the registrant owes approximately $53,000 of principal and interest sent the registrant a notice demanding payment of its note and interest. The registrant also received a notice from another note holder to whom it owes approximately $92,000 of principal and interest stating that the noteholder will not convert its note and requesting payment in full of all sums due. The registrant does not currently have sufficient funds to pay more than a de minimus amount of the notes due. The registrant has commenced negotiations with the various noteholders to settle the debt, but it is too early in the process for the registrant to provide any assurance that it will be able to successfully resolve this matter. The notes that became due on October 12, 2006 are in addition to the more than $550,000 in convertible notes the registrant reported as being in default in its Annual Report on Form 10-KSB for the year ended December 31, 2005.
From Aug 2006 10Q.
During the quarter, our option to acquire Pasta expired. As of August 9, 2006, Pasta owes us an aggregate of $356,000, which amount increases daily at the rate of $144.19. We are attempting to collect on this debt and if successful, we will use the funds to pay off certain debts and as working capital.[b/]
NAPLES, Fla., Aug. 18, 2006 (PRIMEZONE) -- Innovative Food Holdings, Inc. (Pink Sheets:IVFH) announced today that its CEO, Joe DiMaggio, has resigned as an officer and director to pursue other business opportunities. Chef Z. Zachary Ziakas, COO of Innovative Food Holdings and Food Innovations, will assume Joe DiMaggio's responsibilities on an interim basis. In addition, Mr. Ziakas will continue his current responsibilities of managing and operating the day-to-day operations of the Company. Sam Klepfish, the Company's interim President, noted, "We thank Mr. DiMaggio for his work on behalf of the Company and feel that this transition will be beneficial for the Company, as the Company strengthens its focus on solidifying revenue, both from building on our existing relationships and working on new revenue producing sources. In addition, we look forward to updating the financial community on our financial and operating results in the near future."