Inventure Foods to Report Fourth Quarter and Fiscal 2016 Financial Results on March 30, 2017
10 March 2017 - 8:05AM
Inventure Foods, Inc. (Nasdaq:SNAK), a leading specialty food
marketer and manufacturer, today announced that it will release its
financial results for the fourth quarter and fiscal year ended
December 31, 2016 on Thursday, March 30, 2017, before market open.
The Company expects it will not be able to timely file its Annual
Report on Form 10-K for its fiscal year ended December 31, 2016
(the “Form 10-K”) and expects to file a notification of late filing
on Form 12b-25 with the Securities and Exchange Commission to
obtain a 15-day extension of the filing deadline for the Form
10-K.
The Company requires additional time to complete
certain intangible asset and goodwill impairment tests. As a
result, the Company’s independent registered public accounting firm
has not completed its audit of the Company’s financial statements
and the assessment of the Company’s internal control over financial
reporting.
Following the earnings release on Thursday,
March 30, 2017, the Company will host a conference call.
Participating on the call will be Terry McDaniel, Chief Executive
Officer, and Steve Weinberger, Chief Financial Officer. The
conference call is scheduled to begin at 11:00 a.m. ET on Thursday,
March 30, 2017. To participate on the live call listeners in North
America may dial (877) 853-7702 and international listeners may
dial (408) 940-3848; the conference ID is 65852676. In addition,
the call will be broadcast live over the Internet hosted at the
"Investor Relations" section of the Company's website at
www.inventurefoods.com and will be archived online for one year.
About Inventure FoodsWith manufacturing facilities
in Arizona, Indiana, Washington, Oregon and Georgia, 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 Foods™, Jamba®, Seattle's Best Coffee®,
Rader Farms®, TGI Fridays™, Nathan's Famous®, Vidalia Brands®,
Poore Brothers®, Tato Skins®, Willamette Valley Fruit Company™,
Fresh Frozen™, Bob's Texas Style® and Sin In A Tin®. For
further information about Inventure Foods, please visit
www.inventurefoods.com.
Note Regarding Forward-looking
Statements Certain statements contained in this press
release constitute “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are predictions based on expectations
and projections about future events, and are not statements of
historical fact. You can identify forward-looking statements by the
use of forward-looking terminology such as “plan”, “continue”,
“expect”, “anticipate”, “intend”, “predict”, “project”, “estimate”,
“likely”, “believe”, “might”, “seek”, “may”, “remain”, “potential”,
“can”, “should”, “could”, “future” and similar expressions, or the
negative of those expressions. These forward-looking statements
include the Company’s beliefs or expectations relating to the
filing of the Form 10-K and the expected timing of its earnings
release and conference call. Such forward-looking statements
involve known and unknown risks, uncertainties, and other factors
which may cause the actual results to be materially different from
any future results expressed or implied by such forward-looking
statements. Such factors include a material delay in the Company’s
financial reporting. All forward-looking statements are based
on information available to the Company as of the date of this
press release, and the Company assumes no obligation to update such
statements.
CONTACT: Katie Turner, ICR (646) 277-1200
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