Hot Mama’s Foods Announces New Ticker Symbol
Hot Mama's Foods, Inc. (USOTC:HOTF)
Hot Mama’s Foods, Inc., (“the Company”) (OTC:HOTF) 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, is pleased to announce that its ticker symbol has been changed to HOTF. The new ticker more closely matches the corporate name and makes it easier for investors to remember. The stock ticker symbol change coincides with the Company's August 6, 2013 announcement of the Company's merger with, and name change from Andover Medical, Inc. to Hot Mama’s Foods as of that date. The Company is applying for a listing on the OTC Bulletin Board.
"Over the past year we have taken many steps towards enhancing the Company's image and positioning the company for continued growth. With our new Company stock ticker now joining our new company name, we can focus all our attention on moving forward and successfully growing the company," commented Matthew Morse, Chief Executive Officer.
ABOUT HOT MAMA’S FOODS
Hot Mama's Foods is a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods. The Company has proven expertise in developing and manufacturing top quality salsas, sauces, pesto, hummus, salads, dips, prepared deli salads, and many other gourmet foods. Hot Mama’s Foods is one of the largest producers of hummus and salsa in the United States. The Company’s products are USDA Certified, Certified Organic, and independently audited. Hot Mama’s provides versatile, highly time-sensitive services to discerning food retailers, foodservice customers and food brokers nationwide. Hot Mama’s Foods also develops, produces and sells fresh salsas, hummus and other fresh food products under its own label – Hot Mama’s Foods. The Company has state-of-the-art production facilities in Springfield, MA and Elk Grove Village, IL.
Hot Mama’s Foods was formed in Wendell, Massachusetts, in 1984 as a maker of a variety of fresh salsa recipes, distributed directly to small local retailers by its owner-operator. In 1991, the Company was purchased from its founder by Matthew Morse and maintained as a sole-proprietorship until its incorporation on January 29, 1999 under the name Lansal, Inc. under the laws of the Commonwealth of Massachusetts.
The Company has experienced rapid growth in recent years. Since 2008, revenue has increased slightly over 100%. In 2012 revenue increased 35.8% to $28.9 million. Growth has been driven by increased market penetration, additional product offerings, and, in part, by promotional and marketing efforts increasing awareness of the hummus category in particular. Additional information about the Company can be found at www.hotmamasfoods.com, and at the SEC’s web site www.sec.gov.
