NAPLES, Fla., Jan. 8, 2009 (GLOBE NEWSWIRE) -- Today, Innovative Food Holdings, Inc. (OTCBB:IVFH) announced the completion of debt financing of $200,000 from the company's largest institutional investor. These funds are intended to enable Innovative Food Holdings to pursue additional growth opportunities and to enter new markets.
Mr. Sam Klepfish, CEO of Innovative Food Holdings, stated: "Given today's difficult financing environment, we are very pleased to have secured funds at what we believe are very attractive terms for the company. We view the financing as an additional display of confidence from our largest investor and we expect these funds to allow us to pursue additional new markets for the company."
Mr. Klepfish continued, "Finally, we are pleased to report that despite extremely difficult economic conditions nationwide, we continue to see strength in our core sales and we continue to further expand our nationwide customer base."
Innovative Food Holdings, Inc. provides the highest quality gourmet food products to professional chefs throughout the United States. To learn more, visit Food Innovations Inc. website at www.foodinno.com.
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the 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 anticipated, believed, or expected. The Company does not intend to update these forward-looking statements.