Inventure Foods Named to Forbes List of America's Best Small Companies For
Second Consecutive Year
2013 Marks First Top-50 Appearance For Growing Specialty Food Company
PHOENIX, Oct. 28, 2013
PHOENIX, Oct. 28, 2013 /PRNewswire/ --Inventure Foods, Inc. (Nasdaq: SNAK), a
leading specialty food marketer and manufacturer, today announced that it has
been named to Forbes magazine's "America's Best Small Companies" list for
2013. Inventure ranks number 41, a significant jump from the 85^th spot the
company held in last year's rankings.
Inventure is one of just two food companies to land among the top 50 spots on
the list. The company appears in the Oct. 28 print edition of Forbes as part
of its profile on "The 50 Best Small Companies."
Forbes' annual list of "America's Best Small Companies" highlights the top 100
publicly traded companies with sales under $1 billion, which the publication
ranks 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.
For the five-year period ending December 31, 2012, Inventure Foods posted a
203.7 percent increase in revenue. The Company's stock price is up 74.7
percent year to date as of October 25, 2013.
"We are honored to be recognized by Forbes as one of the best small companies
in America for the second year in a row," said Terry McDaniel, Chief Executive
Officer of Inventure Foods, Inc. "Our consistent revenue growth has been
supported by our strong, diversified portfolio of national brands, our
expanding geographic footprint and distribution channels, and our talented
associates who are dedicated to bringing innovative products to market."
For Forbes' complete list of 2013 "Best Small Companies in America," please
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®. For further
information about Inventure Foods, please visit www.inventurefoods.com.
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
SOURCE Inventure Foods, Inc.
Contact: Inventure Foods, Inc., Steve Weinberger, Chief Financial Officer,
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