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Growing Specialty Food Company Appears on the Annual List for Third Consecutive Year
PHOENIX – Nov. 10, 2014 – Inventure Foods, Inc. (Nasdaq: SNAK), a leading specialty food marketer and manufacturer, has been named to Forbes magazine’s “America’s Best Small Companies” list for 2014. Inventure ranks number 33 out of 100 possible companies on this year’s list, representing a substantial jump up from the 41st position it held in 2013.
Forbes includes an in-depth profile on Inventure as part of this year’s “America’s Best Small Companies” coverage, due in part to the growth and consistency in which the company has appeared on the prominent annual list. The list and accompanying feature appear in the Nov. 3 print edition of the magazine.
Forbes’ annual list of “America’s Best Small Companies” highlights the top 100 publicly traded companies with sales under $1 billion, ranked by the publication based on return on equity, sales growth and earnings growth over the past year and the past five years. Forbes’ methodology also factors in each company’s stock performance versus their peer group during the past 12 months.
“To be identified by Forbes as one of the best small companies in America is a great honor at any point in time,” said Terry McDaniel, Chief Executive Officer of Inventure Foods, Inc. “This year’s recognition is particularly special, however, as it marks our third straight appearance on the list. This consistency speaks directly to the quality of talented individuals who make up our Inventure Foods team, and together we’ve demonstrated a unique ability to develop innovative products that resonate with consumers across multiple channels time and time again. That success has translated into strong financial performance, which has been recognized by Wall Street.”
For Forbes’ complete list of 2014 “Best Small Companies in America,” please visit www.forbes.com/100best.
About Inventure Foods, Inc.
With manufacturing facilities in Arizona, Indiana, Washington and Oregon, Inventure Foods, Inc. (Nasdaq: SNAK) is a marketer and manufacturer of specialty food brands in better-for-you and indulgent categories under a variety of Company owned and licensed brand names, including Boulder Canyon Natural Foods®, Jamba®, Seattle’s Best Coffee®, Rader Farms®, T.G.I. Friday’s®, Nathan’s Famous®, Vidalia Brands®, Poore Brothers®, Tato Skins®, Willamette Valley Fruit Company™ and Bob’s Texas Style®.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this press release and that may affect the Company’s prospects in general include, but are not limited to, general economic conditions, increases in cost or availability of ingredients, packaging, energy and employees, price competition and industry consolidation, ability to execute strategic initiatives, product recalls or safety concerns, disruptions of supply chain or information technology systems, customer acceptance of new products and changes in consumer preferences, food industry and regulatory factors, interest rate risks, dependence upon major customers, dependence upon existing and future license agreements, the possibility that we will need additional financing due to future operating losses or in order to implement the Company’s business strategy, acquisition and divestiture-related risks, the volatility of the market price of the Company’s common stock, and such other factors as are described in the Company’s filings with the Securities and Exchange Commission.