Innovative Food Holdings Announces Agreement to Extend Notes Held by Institutional Investors

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

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SOURCE Innovative Food Holdings, Inc.