Focus on quality food products and superior distribution service enables company to start 2005 on record-breaking pace. NAPLES, Fla. (EWORLDWIRE) Dec 23, 2004
Premier specialty food distributor, Food Innovations Inc., a wholly owned subsidiary of Innovative Food Holdings, Inc. (Pink Sheets: IVFH), today announced the addition of several new customers during the past six months - marking a strong ending to 2004 - and also noted that the company has recorded extraordinary sales growth for the end of fiscal year 2004. Beginning in July, the company posted six consecutive months of record sales growth while enjoying the significant broadening of its customer base.
The company first launched its premium food lines distribution service in January 2002. Since then it has grown into a comprehensive specialty food distributor offering restaurants the ability to reduce distribution support costs and streamline the ordering of all specialty food items by providing fresh, origin-specific, perishable products to its customers within 24 hours of receiving an order. A computerized ordering system reduces the customers' purveying costs and facilitates the ordering of specialty food items from vendors located around the country.
CEO and Founder, Chef Joe DiMaggio, stated, "We are pleased with our growth for 2004 in our perishable division. We have landed some of America's greatest restaurants, hotels, casinos and country clubs; we have also seen great interest by manufacturers in FII owning and distributing proprietary products. In 2005, we will be aggressively seeking new lines to add to our distribution channels and introduce them into our customer and market base. We will be announcing a number of new products in January and February. Our relationship with Harvest Pak Foods in Ft. Myers, Fla. - a manufacturer of 'aseptic' products such as soups, sauces, vinaigrettes and value-added products - will start in the first quarter of 2005 with Chef Joe DiMaggio's Tomato Butter and a line of excellent BBQ sauces new to market."
Posted by bmarley5780 on :
read very bottom
In 2005, we will be aggressively seeking new lines to add to our distribution channels and introduce them into our customer and market base. We will be announcing a number of new products in January and February. Our relationship with Harvest Pak Foods in Ft. Myers, Fla. - a manufacturer of 'aseptic' products such as soups, sauces, vinaigrettes and value-added products - will start in the first quarter of 2005 with Chef Joe DiMaggio's Tomato Butter and a line of excellent BBQ sauces new to market."
Posted by OverDose on :
Rumor is the 10k will be out next week followed by PR's on a soprano's pizza deal and disney soup deal.
Keep this on your radar for next week.
Food Innovations, Inc. Announces Record Fourth Quarter Sales WEDNESDAY, JANUARY 04, 2006 2:20 PM - PrimeZone
IVFH 0.04
NAPLES, Fla., Jan 4, 2006 (PRIMEZONE via COMTEX) -- Specialty food distributor, Food Innovations, Inc., a wholly owned subsidiary of Innovative Food Holdings, Inc., (Pink Sheets:IVFH), today announced record-breaking sales during the fourth quarter of 2005. Bolstered by a record day and week during the month of December, sales in the fourth quarter of 2005 exceeded all previous periods in the Company's history. Previously forecasted sales of $1.7 million for the quarter were also met, exceeding the same period in 2004 by over 30%.
"Remaining diligently focused on building fundamentals and the execution of a solid operational strategy has clearly enabled us to deliver these strong results," commented Jonathan Steckler, President and CEO of Food Innovations, Inc. "I want to thank our customers for their continued loyalty and belief in our products and services, and also our employees for their hard work and dedication in making this past quarter a success."
Chef Joe DiMaggio, Jr., Food Innovations, Inc.'s, founder added, "We had a great quarter, and as our business continues to grow, the outlook for 2006 is positive. From the overwhelming support by our chef-customers to future product lines and revenue streams, we are looking forward to a year of success."
The Company plans to release financial results for the quarter and year-ended December 31, 2005 as audited results become available. For more information about Food Innovations, Inc., please visit: www.foodinno.com Posted by OverDose on :
Oh yeah, and a move off the pinks.
Posted by will on :
From their last 10Q :
State the number of shares outstanding of each of the issuer's classes of Common equity, as of the latest practicable date: 103,742,037 Common Shares as of October 31, 2005
Check the SB2 Filed 12/21/05 : An additional 323,550,000 registered.