Innovative Food Holdings Announces Expansion of Airline Business With New First-Class Cheese Program
Innovative Food Holdings (OTCQB: IVFH) has announced a significant expansion into airline services with a new first-class cheese program for a major international airline. The program, marking IVFH's entry into this business segment, is expected to generate $700K in new incremental revenue in its first year.
The company will supply premium cheeses, including whole wheels and precision-cut 0.75 oz portions, utilizing automated cutting equipment that has doubled volume per labor hour. This initiative follows IVFH's strategic divestment from unprofitable e-commerce operations at their Mountain Top, Pennsylvania warehouse, resulting in doubled revenue and labor productivity.
The program leverages IVFH's specialty foods platform, combining sourcing capabilities, 3PL storage, drop-ship services, and custom cutting solutions. The company continues to participate in multiple airline menu planning cycles, positioning itself for future growth in the airline sector.
Innovative Food Holdings (OTCQB: IVFH) ha annunciato una significativa espansione nei servizi aerei con un nuovo programma di formaggi di prima classe per una grande compagnia aerea internazionale. Il programma, che segna l'ingresso di IVFH in questo segmento di mercato, si prevede genererà $700K di nuovi ricavi incrementali nel suo primo anno.
L'azienda fornirà formaggi premium, comprese forme intere e porzioni tagliate con precisione da 0,75 oz, utilizzando attrezzature di taglio automatizzate che hanno raddoppiato il volume per ora di lavoro. Questa iniziativa segue il disinvestimento strategico di IVFH dalle operazioni di e-commerce non redditizie nel loro magazzino di Mountain Top, Pennsylvania, con un conseguente raddoppio dei ricavi e della produttività lavorativa.
Il programma sfrutta la piattaforma di cibi speciali di IVFH, combinando capacità di approvvigionamento, stoccaggio 3PL, servizi di drop-ship e soluzioni di taglio personalizzate. L'azienda continua a partecipare a più cicli di pianificazione dei menu delle compagnie aeree, posizionandosi per una futura crescita nel settore aereo.
Innovative Food Holdings (OTCQB: IVFH) ha anunciado una expansión significativa en los servicios aéreos con un nuevo programa de quesos de primera clase para una importante aerolínea internacional. Se espera que el programa, que marca la entrada de IVFH en este segmento de negocio, genere $700K en nuevos ingresos incrementales en su primer año.
La compañía suministrará quesos premium, incluyendo ruedas enteras y porciones cortadas con precisión de 0.75 oz, utilizando equipos de corte automatizados que han duplicado el volumen por hora de trabajo. Esta iniciativa sigue al desinversión estratégica de IVFH de operaciones de comercio electrónico no rentables en su almacén de Mountain Top, Pennsylvania, resultando en el duplicado de ingresos y productividad laboral.
El programa aprovecha la plataforma de alimentos especiales de IVFH, combinando capacidades de abastecimiento, almacenamiento 3PL, servicios de entrega directa y soluciones de corte personalizadas. La compañía continúa participando en múltiples ciclos de planificación de menús de aerolíneas, posicionándose para un crecimiento futuro en el sector aéreo.
Innovative Food Holdings (OTCQB: IVFH)는 주요 국제 항공사를 위한 새로운 일등급 치즈 프로그램을 통해 항공 서비스로의 대규모 확장을 발표했습니다. 이 프로그램은 IVFH의 이 사업 부문 진입을 의미하며, 첫 해에 $700K의 신규 추가 수익을 창출할 것으로 예상됩니다.
회사는 전체 휠과 정밀하게 절단된 0.75 oz 포션을 포함한 프리미엄 치즈를 공급하며, 노동 시간당 생산량을 두 배로 늘린 자동 절단 장비를 활용합니다. 이 이니셔티브는 펜실베니아주 마운틴 탑에 있는 창고에서 수익성이 없는 전자상거래 운영에서 IVFH의 전략적 매각에 따른 것으로, 수익과 노동 생산성을 두 배로 증가시켰습니다.
이 프로그램은 IVFH의 특수 식품 플랫폼을 활용하여 소싱 능력, 3PL 저장, 드롭십 서비스 및 맞춤형 절단 솔루션을 결합합니다. 회사는 여러 항공사 메뉴 계획 주기에 계속 참여하고 있으며, 항공 부문에서의 미래 성장을 위한 입지를 다지고 있습니다.
Innovative Food Holdings (OTCQB: IVFH) a annoncé une expansion significative dans les services aériens avec un nouveau programme de fromages de première classe pour une grande compagnie aérienne internationale. Ce programme, qui marque l'entrée d'IVFH dans ce segment commercial, devrait générer 700 000 $ de nouveaux revenus supplémentaires au cours de sa première année.
L'entreprise fournira des fromages haut de gamme, y compris des meules entières et des portions découpées avec précision de 0,75 oz, en utilisant des équipements de découpe automatisés qui ont doublé le volume par heure de travail. Cette initiative fait suite à la désinvestissement stratégique d'IVFH de ses opérations de commerce électronique non rentables dans son entrepôt de Mountain Top, en Pennsylvanie, entraînant un doublement des revenus et de la productivité du travail.
Le programme exploite la plateforme de produits alimentaires spécialisés d'IVFH, combinant des capacités d'approvisionnement, du stockage 3PL, des services de livraison directe et des solutions de découpe sur mesure. L'entreprise continue de participer à plusieurs cycles de planification de menus pour les compagnies aériennes, se positionnant pour une croissance future dans le secteur aérien.
Innovative Food Holdings (OTCQB: IVFH) hat eine bedeutende Expansion in den Airline-Dienstleistungen mit einem neuen First-Class-Käseprogramm für eine große internationale Fluggesellschaft angekündigt. Das Programm, das den Eintritt von IVFH in dieses Geschäftsfeld markiert, wird voraussichtlich 700.000 US-Dollar an neuen zusätzlichen Einnahmen im ersten Jahr generieren.
Das Unternehmen wird Premium-Käse liefern, darunter ganze Räder und präzise geschnittene Portionen von 0,75 oz, wobei automatisierte Schneidgeräte eingesetzt werden, die das Volumen pro Arbeitsstunde verdoppelt haben. Diese Initiative folgt auf die strategische Veräußertung von IVFH aus unrentablen E-Commerce-Betrieben in ihrem Lager in Mountain Top, Pennsylvania, was zu einer Verdopplung von Einnahmen und Arbeitsproduktivität geführt hat.
Das Programm nutzt die Spezialitätenlebensmittel-Plattform von IVFH, die Beschaffungsfähigkeiten, 3PL-Lagerung, Drop-Ship-Dienste und maßgeschneiderte Schneidlösungen kombiniert. Das Unternehmen nimmt weiterhin an mehreren Menüplanungszyklen von Fluggesellschaften teil und positioniert sich für zukünftiges Wachstum im Luftfahrtsektor.
- New $700K incremental revenue stream from airline program
- Doubled volume per labor hour with automated cutting equipment
- Doubled revenue after e-commerce divestment
- Improved operational efficiency through automation
- Strategic expansion into high-growth airline sector
- Required divestment of unprofitable e-commerce operations
BONITA SPRINGS, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, is pleased to announce an expansion of its airline business with a new first-class cheese program for a major international airline. This marks the first time IVFH has entered this line of business, providing precision-cut portions that require no additional handling at airline catering stations, streamlining service while maintaining an uncompromising level of quality. The Company expects this new business line to deliver approximately
Through this new partnership, IVFH will leverage its extensive network of vendors to supply a range of premium cheeses, including whole wheels for catering as well as 0.75 oz cuts made possible by the Company’s automated cutting equipment, which has already more than doubled our volume per labor hour. By leveraging its scale enabled by the recent launch of its new retail business, IVFH is delivering a high-quality product in a labor-efficient format, ensuring a seamless experience from sourcing to onboard service.
“Our ability to bring new solutions to the airline industry reflects the transformation we’ve undergone as a company,” said Bill Bennett, CEO of IVFH. “By streamlining our operations and refocusing on high-growth opportunities, we’ve been able to leverage our specialty foods platform to add new sales channels and diversify our customer base while significantly increasing efficiency. After divesting from unprofitable e-commerce operations in our Mountain Top, Pennsylvania warehouse, we’re now leveraging the same assets, talent, and vendor relationships to build a stronger, more focused business line—one where we’ve doubled both revenue and labor productivity while continuing to expand into strategic foodservice channels. This new airline partnership is a testament to that momentum, as we continue to pursue additional opportunities in this space.”
IVFH’s airline business remains a key growth driver as the Company combines its broad-based sourcing, access to artisanal products, 3PL storage and drop-ship capabilities, and custom cutting and packaging solutions to meet evolving customer needs. The Company continues to participate in multiple airline menu planning cycles, creating opportunities for new item placements and expanded partnerships in the years ahead.
About Innovative Food Holdings, Inc.
At IVFH, we help make meals special. We provide access to foods that are hard to find, have a compelling story, or are on the forefront of food trends. Our gourmet foods marketplace connects the world’s best artisan food makers with top professional chefs nationwide. We curate the assortment, experience, and tech enabled tools that help our professional chefs create unforgettable experiences for their guests. Additional information is available at www.ivfh.com.
Forward-Looking Statements
This release contains certain forward-looking statements and information relating to 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. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as “should,” “could,” “will,” “anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” “targeting” or “expect.” Additional factors that could also cause actual results to differ materially relate to international crises, environmental and economic issues and other risk factors described in the Company’s public filings. The Company does not intend to update these forward-looking statements. The content of the websites referenced above are not incorporated herein.
Investor and Media contact:
Gary Schubert
Chief Financial Officer
Innovative Food Holdings, Inc.
investorrelations@ivfh.com
FAQ
How much revenue will IVFH's new airline cheese program generate in its first year?
What operational improvements has IVFH achieved with its automated cutting equipment?
What services will IVFH provide in its new airline partnership?
How has IVFH's business transformation affected its performance?
