BONITA SPRINGS, Fla., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB:IVFH) today announced that Nathaniel Klein has been appointed, as an independent Director, to its Board of Directors.
“We are very excited to add Nathaniel Klein to the Board,” said Sam Klepfish, Chief Executive Officer of Innovative Food Holdings. “We believe that Nathaniel’s extensive private equity background and his data driven approach towards growing companies to the next level with a focus on unlocking shareholder value, are valuable resources for the Board of Directors of Innovative Food Holdings. We expect he will provide significant opportunities to build additional value for all Innovative Food Holdings shareholders.”
Mr. Klein is a Vice President and a member of the founding team at North American Lithium (NAL). NAL owns and operates the Quebec Lithium project located in La Corne, Quebec, Canada, in which over $400 million has been invested and is in the process of become a leading lithium producer. From November 2008 until joining NAL in September 2016, Mr. Klein was a Vice President at Hale Capital Partners (HCP), a private equity and venture capital firm that focuses on providing value added growth equity and turnaround capital to public and private, lower middle market companies. At HCP, Mr. Klein was responsible for leading all aspects of the investment process. In addition, Mr. Klein worked closely with the management of HCP portfolio companies including, serving on behalf of HCP, as a board member or as a board observer for several portfolio companies. Prior to joining HCP, Mr. Klein was an Associate for Highbridge Capital Management, a multi-billion-dollar, multi-strategy fund owned by JPMorgan Chase, where he focused on structured finance transactions and Special Situations.
“Innovative Food Holdings is well positioned—financially and strategically—to take advantage of the considerable growth opportunities in the specialty food sector,” commented Mr. Klein. “It is an exciting time to be joining the Board of IVFH, which contains the critical attributes to create significant shareholder value. I have tremendous respect for the management team and Board, and I look forward to working with them.”
About Innovative Food Holdings
Innovative Food Holdings’ (OTCQB:IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings’ automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty food products delivered daily to thousands of chefs nationwide.