Innovative Food Holdings, Inc. Announces New Retail Partner Launch
Innovative Food Holdings (OTCQB: IVFH) has announced a significant partnership with a top 10 U.S. retailer following a successful pilot across 10 stores. IVFH will be supplying, processing, and shipping a gourmet cheese assortment to several hundred of the retailer's stores. This marks IVFH's first venture into the retail industry, demonstrating the company's platform strength and flexibility.
The partnership is set to begin in October 2024, with expectations to ramp up by the holiday season. CEO Bill Bennett expressed excitement about the anticipated revenue growth and further diversification of IVFH's customer base and industries served. The company expects this new relationship to positively impact their Q4 financial figures.
Innovative Food Holdings (OTCQB: IVFH) ha annunciato una partnership significativa con un rivenditore tra i primi 10 negli Stati Uniti, dopo un pilota di successo in 10 negozi. IVFH fornirà, elaborerà e spedirá un assortimento di formaggi gourmet a diverse centinaia di negozi del rivenditore. Questo segna la prima entrata di IVFH nel settore retail, dimostrando la forza e la flessibilità della piattaforma dell'azienda.
La partnership dovrebbe iniziare a ottobre 2024, con aspettative di crescita in vista della stagione delle festività. Il CEO Bill Bennett ha espresso entusiasmo riguardo alla crescita dei ricavi prevista e alla ulteriore diversificazione della base clienti e dei settori serviti da IVFH. L'azienda si aspetta che questa nuova relazione impatti positivamente i loro risultati finanziari del Q4.
Innovative Food Holdings (OTCQB: IVFH) ha anunciado una asociación significativa con un minorista entre los 10 principales de EE. UU., tras un piloto exitoso en 10 tiendas. IVFH proporcionará, procesará y enviará un surtido de quesos gourmet a varios cientos de tiendas del minorista. Este es el primer ingreso de IVFH en la industria minorista, demostrando la fortaleza y flexibilidad de la plataforma de la empresa.
La asociación comenzará en octubre de 2024, con expectativas de incrementar la actividad para la temporada navideña. El CEO Bill Bennett expresó su entusiasmo por el crecimiento anticipado de los ingresos y la mayor diversificación de la base de clientes y los sectores atendidos por IVFH. La empresa espera que esta nueva relación impacte positivamente sus cifras financieras del Q4.
Innovative Food Holdings (OTCQB: IVFH)는 미국 상위 10대 소매업체와 주요 파트너십을 발표했습니다. 이는 10개의 상점에서 성공적인 시범 운영을 거친 뒤 이루어진 것입니다. IVFH는 여러 백 개의 소매점에 고급 치즈 모음을 공급하고 가공하며 배송할 예정입니다. 이는 IVFH의 소매업계 첫 진출로, 회사 플랫폼의 강도와 유연성을 보여줍니다.
이 파트너십은 2024년 10월에 시작될 예정이며, 명절 시즌을 앞두고 증가할 것으로 기대됩니다. CEO 빌 베넷은 예상되는 수익 성장과 IVFH의 고객 기반 및 서비스 산업의 추가 다변화에 대한 기대감을 표현했습니다. 회사는 이번 새로운 관계가 4분기 재무 성과에 긍정적인 영향을 미칠 것으로 예상하고 있습니다.
Innovative Food Holdings (OTCQB: IVFH) a annoncé un partenariat significatif avec un des 10 meilleurs détaillants aux États-Unis, suite à un pilote réussi dans 10 magasins. IVFH fournira, traitera et expédiera un assortiment de fromages gastronomiques à plusieurs centaines de magasins du détaillant. Cela marque la première incursion d’IVFH dans l’industrie de la vente au détail, démontrant la force et la flexibilité de la plateforme de l’entreprise.
Le partenariat devrait débuter en octobre 2024, avec des attentes d’augmentation avant la saison des fêtes. Le PDG Bill Bennett a exprimé son enthousiasme concernant la croissance des revenus prévue et la diversification accrue de la base de clients et des secteurs desservis par IVFH. L’entreprise s’attend à ce que cette nouvelle relation ait un impact positif sur ses chiffres financiers du Q4.
Innovative Food Holdings (OTCQB: IVFH) hat eine bedeutende Partnerschaft mit einem der Top 10 Einzelhändler in den USA bekannt gegeben, nachdem ein erfolgreicher Pilotversuch in 10 Geschäften durchgeführt wurde. IVFH wird ein gourmet Käse Sortiment an mehrere hundert Geschäfte des Einzelhändlers liefern, verarbeiten und versenden. Dies markiert IVFHs ersten Einstieg in die Einzelhandelsbranche und demonstriert die Stärke und Flexibilität der Plattform des Unternehmens.
Die Partnerschaft soll im Oktober 2024 beginnen, mit der Erwartung, dass sie bis zur Feiertagsaison zunehmen wird. CEO Bill Bennett äußerte seine Begeisterung über das erwartete Umsatzwachstum und die weitere Diversifizierung der Kundenbasis und der bedienten Branchen von IVFH. Das Unternehmen erwartet, dass diese neue Beziehung sich positiv auf ihre Q4 Finanzzahlen auswirken wird.
- Secured partnership with a top 10 U.S. retailer
- Expansion into retail industry, diversifying customer base
- Expected positive impact on Q4 financial figures
- Demonstrating platform strength and flexibility
- None.
BONITA SPRINGS, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, announced today the launch of a relationship with a new major customer, a top 10 U.S. retailer, after a successful pilot across 10 stores this summer. The Company will be sourcing, supplying, cutting, wrapping, packaging, and shipping a gourmet cheese assortment across several hundred of the retailer’s stores. The first product will ship to the retailer beginning in October, and we anticipate that it will ramp up by the holiday season and positively contribute to our Q4 financial figures.
Bill Bennett, the Company’s Chief Executive Officer commented, “This new customer represents a significant step forward for IVFH, evidenced by our first-ever foray into the retail industry, and demonstrating the significant strength and flexibility of the platform we’ve built. We’re excited about this anticipated revenue growth and the further diversification this brings to our customer base and to the industries we serve.”
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, including those related to the Company’s growth plans, 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, which include words such as “should,” “could,” “will,” “anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” “targeting” or “expect”, or similar expressions. Additional factors that could also cause actual results to differ materially relate to current conditions and expected future developments, international crises, environmental and economic issues and other risk factors described in the Company’s public filings. As a result, readers are cautioned not to place undue reliance on these forward-looking statements and should understand that these statements are not guarantees of performance or results and that there are a number of risks, uncertainties and other important factors, many of which are beyond the Company’s control, that could cause the Company’s actual results to differ materially from those expressed in these statements, including, among others: economic factors affecting consumer confidence and discretionary spending; cost inflation/deflation and commodity volatility; competition; reliance on third party suppliers and interruption of product supply or increases in product costs; changes in the Company’s relationships with vendors and customers. The Company does not intend to update these forward-looking statements.
For a detailed discussion of these risks, uncertainties and other factors that could cause the Company’s actual results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”). Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Company with the SEC, which are available on the SEC’s website at https://www.sec.gov/.
Investor and Media contact:
Gary Schubert
Chief Financial Officer
Innovative Food Holdings, inc.
investorrelations@ivfh.com
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