The company has an open door policy with its shareholders. They have impressed shareholders as being honest and straight shooters. We have spoken with the President and CEO on many occasions. We have recently met them in person in New York City at the first annual shareholders meeting on 07/06/2005.
Issued and Outstanding- 83 million
Restricted- 54 million
Tradeable float- 29 million Float even tighter because there are some large strong common holders
Company is currently break even and will most likely be profitable quarter over quarter moving forward Chef Joe told shareholders at the shareholders meeting that the company has no need for outside financing to support the current business. If not for the current one time extraordinary expenses associated with filings the company would be profitable now.
Growth is imminent and a great portion of the growth moving forward is organic non dilutive. With every new product/partner they align with brings strong organic growth, no need for dilutive acquisition
Benefits of and IPO yet it is likely currently substantially undervalued due to the scam that crushed their share price
Shareholders were told at the meeting the company has 12 pr’s lined up and will start releasing something soon. It is expected that the more important news the company has will be given near or after the move to the OTC.BB. It is also expected these pr’s could be released over a period of several months.
Food Innovations, Inc. and Harvest Pak Foods Corporation Form Sales and Marketing Partnership Harvest Pak(TM) targets existing "old style" food products such as those in jars, cans and frozen items and replaces them with food products packaged in the unique Harvest Pak(TM) sterile pouch, and then distributes them to the commercial food service industry, including airlines, cruise-lines, hotels, restaurants, healthcare and educational. They are currently putting IVFH products into their special packaging signifying distribution to take place soon http://www.knobias.com/individual/pu...33601272faeb72
Chef Joe DiMaggio is ready to distribute and market his new line of sauces Internationally in cans and jars. The legendary name of Joe DiMaggio will likely be a very exciting venture for the company http://www.picturetrail.com/davidam
Food Innovations, Inc. Announces the Arrival of Chef Jonathan Steckler as the Companies New Director of National Sales and Corporate Chef (Its evident Chef Jonathan is excited about the growth the company is expected to have quarter over quarter growth and profit on a ongoing basis) http://www.knobias.com/individual/pu...705e139bcc2ed4
Specialty food distributor Food Innovations Inc., will start 2005 off by targeting upscale grocery stores with its origin-specific perishables, according to an article from November 2004
Exotic Perishables have grown into a greatly demanded items. Chef Joe was instrumental in helping write this article from US Food Services press service. The article certainly gives more credibility to the rumor that IVFH will buy a farm in China that is already profitable by 1m per year. The purchase would be made in restricted shares and with cash from profits http://www.usfoodservice.com/flash/s...ial/exotic.pdf
Recent News from The SEC: The Phone Scam which destroyed IVFH stock price has been confirmed that the company was not involved in any way and the ones at fault have been caught and prosecuted. This scam drove IVFH share price down from 0.50 to sub penny. Since that announcement the Share price has begun its recovery http://www.knobias.com/individual/pu...f65199a923e3cb
*** I like what I've been reading on IVFH, but I'm wondering if anything has changed since your post - esp. with respect to the 12 PR's and share float... TIA and GLTY..
I think Rungis was partially bought by a company that is the European equivalent of Walmart. Anyway, if there is some sort of buyout deal, I definitely could see why Joe is so quiet. Perhaps the otcbb listing hinges on that. Here we go again, speculating, because we dont have any information to go by.
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