BONITA SPRINGS, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB:IVFH) ("IVFH" or the "Company"), a national seller of gourmet specialty foods to professional chefs, today: 1) announced the timing for a call with investors to discuss Q1 2024 financial results, 2) announced the timing for the Company's 2024 annual meeting of shareholders, and 3) shared a letter from the Chief Executive Officer to the Company's shareholders.
Earnings Call
The Company's management will be holding an investor call on May 14, 2024 at 4:30 pm Eastern Time to discuss the Company's first fiscal quarter results for the quarter ended March 31, 2024. At the end of the meeting, the Company will host a question-and-answer session with investors. All interested participants may attend the call on the web or by phone. The Company encourages those who wish to ask questions to join the call virtually through Zoom, rather than on the phone, as Zoom's "raise hand" feature makes it easier for management to identify questioners. Details for the meeting are as follows:
Join Zoom Meeting
https://us02web.zoom.us/j/87350377816?pwd=Y0FzMmk2Y0p5ZzdFaVNoVEVab1grZz09
Meeting ID: 873 5037 7816
Passcode: 218396
One tap mobile: +16694449171,,87350377816# US
Annual Meeting of Shareholders
The Company will be hosting its annual meeting of shareholders in person on May 15, 2024 at 3:00 p.m. Eastern Time at the Springhill Suites, 25 West 37th St, New York, New York. Please reference the Company's Definitive Proxy Statement as filed with the U.S. Securities and Exchange Commission on April 24, 2024 for full details on the agenda for the meeting. As this will be the Company's first in-person Annual Meeting in several years, this will be a great opportunity for investors to meet the Company's board of directors and management team.
CEO Letter to Shareholders
Included in the Company's Proxy Statement for its upcoming Annual Meeting of Shareholders is the following letter from the Company's Chief Executive Officer, Bill Bennett:
Dear fellow shareholders,
What a year it's been! I recently re-read my letter from last year, which I wrote when I'd been with the company for only a few weeks. It's incredible to see how we have delivered on the objectives I laid out, made important strategic pivots, and begun to stabilize the company. Here's a recap of some of the most important accomplishments this team and the board of directors have achieved over the past year:
- Returned the company to consistent adjusted EBITDA for the first time in several years
- Re-established quarterly investor earnings calls after a multi-year hiatus
- Implemented a margin management plan, re-establishing pre-inflation margin levels
- Embarked on a cost-cutting initiative, removing ...