Hot Mama's Foods Inc (fka HOTF)

[lysol]

Positioned for growth. Look at revenues last year.
Hot Mama’s Foods Completes Reverse Merger Transaction
By Business Wire - 08/06/13 - 1:00 PM EDT
Hot Mama’s Foods, (“the Company”) a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods, which includes fresh hummus, salsas, and pestos sold under both its own label as well as for other leading food retailers, announced today that it has completed its reverse merger transaction with Andover Medical, Inc. (“Andover”). Hot Mama’s reported net revenues of $28.9 million, and $7.3 million for the year ended December 31, 2012 and the three months ended March 31, 2013, respectively. Commencing August 6, 2013, the Common Stock will be quoted on the OTC Markets under the symbol ADOVD and on or about September 4, 2013, the new symbol will be HOTF. The Company is applying for a listing on the OTC Bulletin Board.
The transaction leaves Hot Mama’s Foods current executive management team in place, which is comprised of Matthew Morse, Chief Executive Officer; Joseph D. Ward, President & Chief Operating Officer and William Kenealy, Chief Financial Officer.
"The successful completion of the merger represents a major milestone for Hot Mama’s Foods positioning the company for growth," commented Matthew Morse, Chief Executive Officer. "Being a public Company will enable us to continue to grow our business both organically and through acquisitions. I look forward to updating our shareholders on our progress and milestones in the future," concluded Mr. Morse.
Prior to the consummation of the Merger, Andover Medical was not engaged in any trade or business. Following the Merger, the business of Hot Mama’s Foods constitutes the Company's only operations and the shareholders of Hot Mama’s Foods own 91% of the equity of the Company on a fully-diluted basis. The $250,000 of escrowed funds was released by Andover to Hot Mama’s Foods and the parties remain subject to certain warranties and representations.