BONITA SPRINGS, Fla.,
May 22, 2014 /PRNewswire/ --
Innovative Food Holdings, Inc. (OTCQB: IVFH), a leading
nationwide provider of specialty foods, healthcare foods, gluten
free foods, and direct from source artisanal foods, to the
professional foodservice market, announced that effective
May 15, 2014, the Company has entered
into an agreement to extend notes held by institutional
shareholders.
As part of the agreement, the notes were extended to
December 31, 2015 at an interest rate
of 1.9%, with an additional three month extension available at the
option of the Company.
Sam Klepfish, CEO of Innovative
Food Holdings commented, "We are extremely pleased by the terms of
the note extension and the long term commitment and confidence that
our largest institutional investor has demonstrated in Innovative
Food Holdings. We continue to believe that the rapidly evolving
specialty food market currently offers multiple opportunities
and we expect that the additional liquidity provided
by this long term note extension should
further strengthen Innovative Food Holdings' ability to
take advantage of many of those additional opportunities."
About Innovative Food Holdings, Inc.
Innovative Food
Holdings is a leading nationwide provider of specialty foods,
healthcare foods, gluten free foods, and direct from source
artisanal foods, to the professional foodservice market. IVFH
also markets those products directly to the consumer, through its
website at www.forthegourmet.com. Many of Innovative Food
Holdings' 7,000+ products are used on a daily basis by
approximately 30,000 of some of the leading professional chefs
across the United States.
Forward-Looking Statements
This release contains
certain forward-looking statements and information relating to
Innovative Food Holdings, Inc. (IVFH) (the "Company") that are
based on the current 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 and in our
public filings. Should one or more of these underlying assumptions
prove incorrect, actual results may vary materially from those
described herein as "should," "could," "anticipate," "believe,"
"intend," "plan," "might," "potentially" or "expect." The Company
does not intend to update these forward-looking statements
Contact:
|
|
Management
Contact
|
Investor Relations
Contact
|
Sam
Klepfish
|
James
Carbonara
|
CEO
|
Regional Vice
President, Hayden IR
|
(239)
449-3235
|
(646)
755-7412
|
sklepfish@innovativefoodholdings.com
|
james@haydenir.com
|
Follow us on Twitter: @IVFHcompany
SOURCE Innovative Food Holdings, Inc.