Hot Mamas Foods Inc (GM) (HOTF) Quote

HOTF: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

HOTF SEC Suspension "due to a lack of accurate and adequate public information about the companies because questions have arisen as to their operating status, if any."

https://www.sec.gov/litigation/suspensions/2021/34-92362.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-92362-o.pdf

HOTF: terminated registration under the 34 Act. Moved to OTC Markets.

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/23/2014&mkt_ctg=OTCBB

Hot F-ing Potato.

Nice earnings news out

Hot Mama's Foods Announces Third Quarter and Nine Months 2013 Financial Results

9 Month 2013 Record Revenue of $25.7 million

SPRINGFIELD, Mass., Nov 26, 2013 (BUSINESS WIRE) -- --New Chicago Production Facility on Track to Open in December
Hot Mama's Foods, Inc., (OTC:HOTF) a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods, has announced its financial results for the third quarter and first nine months of 2013. A Form 10-Q was filed with the Securities and Exchange Commission on November 19, 2013.

Commenting on the financial results, Matthew Morse, Chief Executive Officer stated, "I am very pleased with the results we have reported this year. Along with strong demand for hummus, new customers and new products are all contributing to our strong top-line growth. We are also expanding our customer base and increasing orders with existing customers, which will have a positive impact on our sales in the coming year." Mr. Morse further commented, "To support future growth we have expanded the senior leadership team with individuals who bring many years of relevant food industry experience to Hot Mama's. We are also on track to open a new, larger, state-of-the-art, production facility in Chicago. Coupled with our original facility in Massachusetts, we will have capacity for upwards of $100 million in revenue.

3Q13 Financial Overview.

For the three month period ended September 30, 2013, Hot Mama's Foods' revenue increased 14.2% to $9.0 million compared to $7.9 million in the same period last year. Sales continue to be driven by the Hummus product line which accounted for 71% of revenue, up from 68% in third quarter 2012. Higher volumes reflect effective marketing campaigns as well as increased customer demand for Hot Mama's higher quality products. Looking ahead, revenue growth will be driven by additional product offerings as well as increased sales to existing customers.

Gross profit of $1.3 million was 5% below the prior year, due primarily to higher raw materials and labor costs. As a result, gross profit as a percent of sales was 14.9% in 3Q13 compared to 17.9% in the same period of the prior year. Ongoing productivity enhancements at the plant level along with the new state-of-the art production facility should contribute to an improved cost structure.

Selling General & Administrative (SG&A) costs, which includes stock-based compensation, more than doubled in the quarter. The majority of the stock-based compensation expense reflects one time grants of stock related to the company's September 2013 merger. Excluding the stock-based compensation of $1.6 million, SG&A increased 17.8% in the quarter, with the increase primarily attributable to an increase in payroll as the company expanded its executive and leadership ranks, as well as costs associated with the September 2013 merger. The Company also incurred a restructuring charge of $29,000 in the quarter related to an operational review to improve efficiency and reduce overhead. As a result of all these actions, profitability was impacted as the company made the necessary investments to support future growth.

The Company reported a per share loss of $0.05 in 3Q13. Excluding the stock-based compensation expenses, the Company would have reported break-even earnings per share in 3Q13 compared to $0.01 in 3Q12.

9 Month 2013 Financial Overview.

Total revenue for the nine month period was $25.7 million, an increase of 17.1% over nine months 2012. Revenue growth has been driven by increased market penetration, additional product offerings as well as promotional and marketing efforts. Hummus sales, which accounted for 71% and 65% of revenue in the first nine month periods of 2013 and 2012, respectively, have also benefitted from increased consumer awareness. During the year the company introduced several new flavors of existing products and began production of frozen entrees and side dishes. New product introduction is an important driver of growth and the company expects to introduce more than two dozen new products in various categories over the coming year.

Gross profit of $3.9 million was basically flat with the same period of the prior year. Gross profit as a percent of sales was 15.0% in the first nine months of 2013 compared to 17.4% in 2012. This decrease was primarily attributable to increased revenue being offset by higher raw materials and labor costs.

Selling General & Administrative (SG&A) costs were $5.5 million for the first nine months of 2013, up from $3.1 million in 2012. Stock-based compensation expense of $1.6 million was the primary contributor to higher SG&A costs. The majority of the stock-based compensation expense reflects one time grants of stock related to the Company's September 2013 merger. Excluding stock-based compensation, SG&A increased 23.3% in the first nine months of 2013, with the increase primarily attributable to an increase in payroll as well as costs associated with the September 2013 merger.

The Company reported a per share loss of $0.06 in the first nine months of 2013. Excluding the stock-based compensation expenses, the Company would have reported break-even earnings per share compared to $0.02 in 2012.

ABOUT HOT MAMA'S FOODS

Hot Mama's Foods is a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods. The Company has proven expertise in developing and manufacturing top quality salsas, sauces, pesto, hummus, salads, dips, prepared deli salads, and many other gourmet foods. Hot Mama's Foods is one of the largest producers of hummus and salsa in the United States. The Company's products are USDA Certified, Certified Organic, and independently audited. Hot Mama's provides versatile, highly time-sensitive services to discerning food retailers, foodservice customers and food brokers nationwide. Hot Mama's Foods also develops, produces and sells fresh salsas, hummus and other fresh food products under its own label - Hot Mama's Foods. The Company has state-of-the-art production facilities in Springfield, MA and Elk Grove Village, IL.

Hot Mama's Foods was formed in Wendell, Massachusetts, in 1984 as a maker of a variety of fresh salsa recipes, distributed directly to small local retailers by its owner-operator. In 1991, the Company was purchased from its founder by Matthew Morse and maintained as a sole-proprietorship until its incorporation on January 29, 1999 under the name Lansal, Inc. under the laws of the Commonwealth of Massachusetts.

The Company has experienced rapid growth in recent years. Since 2008, revenue has increased slightly over 100%. In 2012 revenue increased 35.8% to $28.9 million. Growth has been driven by increased market penetration, additional product offerings, and, in part, by promotional and marketing efforts increasing awareness of the hummus category in particular. Additional information about the Company can be found at www.hotmamasfoods.com, and at the SEC's web site www.sec.gov.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.


HOT MAMA'S FOODS, INC.
Condensed Consolidated
Statements of Operations (Unaudited)
(Amounts in thousands,
except per share amounts)


Three Months Ended Nine Months Ended
-------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------
Sept. 30, 2013 Sept. 30, 2012 Sept. 30, 2013 Sept. 30, 2012

---------------------------------------------- ---------------------------------------------- ---------------------------------------------- --------------------------------------------------

Net revenues $ 8,978 $ 7,863 $ 25,668 $ 21,915

Cost of goods sold 7,640 6,455 21,813 18,098
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Gross profit 1,338 1,408 3,855 3,817
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Operating expenses:

Selling, general and administrative expenses


(including share based compensation of $1,626

for the three and nine months ended September 30, 2013) 2,869 1,055 5,474 3,121
Restructuring charge 29 - 79 -
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Total operating expenses 2,898 1,055 5,553 3,121
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Income (loss) from operations (1,560 ) 353 (1,698 ) 696
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Other income (expense):
Interest expense (40 ) (32 ) (119 ) (101 )
Gain on sale of fixed assets - - 19 -
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------
Total other expense (40 ) (32 ) (100 ) (101 )
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Income (loss) before income taxes (1,600 ) 321 (1,798 ) 595

Provision (benefit) for income taxes (564 ) 127 (633 ) 235
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Net income (loss) (1,036 ) 194 (1,165 ) 360
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Net income (loss) attributable to non-controlling interest (11 ) 2 (33 ) 7
-------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ---------- --------------------

Net income (loss) attributable to Hot Mama's Foods, Inc. $ (1,025 ) $ 192 $ (1,132 ) $ 353
==================== ====== ==================== ==================== ====== ==================== ==================== ====== ==================== ==================== ========== ====================

Basic income (loss) per common share $ (0.05 ) $ 0.01 $ (0.06 ) $ 0.02
Diluted income (loss) per common share $ (0.05 ) $ 0.01 $ (0.06 ) $ 0.02

Weighted Average Shares:
Basic 20,812 18,512 19,287 18,512
Diluted

1.70 x 1.79

1.60 x 1.70

Trademark wouldn't be a bad idea

Maybe wanna clear up the private label? What do u think chef?

let's hear about these contacts$$$$$$$

frozen
Hot Mama Gourmet Bread is made by hand, using our own special recipe to create Hot Mama's delicious, light and airy crust. You can eat Hot Mama Gourmet Bread as a snack, a party appetizer, or even a meal. It goes from freezer to oven in an overproof tray for bakery fresh taste and flavor. It's not spicy hot... it's simply a hot and tasty treat that's ready in minutes. We think you'll agree... it's Mmm Mmmmm! Tasty! Available in your grocers freezer aisle.
http://hotmamabread.com/home/

Frozen goods! $$$$

The pos is stuck! hot mama!

Satellite transmission on. Something is cooking!
I usually stay away from reporting issues.... Something is telling me differently.

Check this .....
SPRINGFIELD, Mass.--(BUSINESS WIRE)--Hot Mama’s Foods, Inc., (OTC:HOTF) a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods, which include fresh hummus, salsas, and pestos sold under both its own label as well as for other leading food retailers, today is providing a business update.

“The current year has been an exciting and busy one for us as we position the company for future growth” commented Matthew Morse, Chief Executive Officer. "We have expanded both the executive and senior leadership teams and have made substantial progress on a larger manufacturing facility in Chicago. We also continue to increase our product offerings and add new clients which is being reflected in record revenue.” Mr. Morse further commented, “An important step solidifying our future growth was becoming a publicly traded company. Being a public Company will provide additional financial flexibility as we continue to grow our business both organically and through acquisitions.”

Financials. For the three month period ended June 30, 2013, Hot Mama’s Foods’ revenue increased 20.7% to a record $9.4 million compared to the same period in the prior year. This good performance was driven by the Hummus product line which accounted for 72% of revenue, up from 66% in second quarter 2012. Higher volumes reflect effective marketing campaigns as well as increased customer demand for Hot Mama’s higher quality products. Total revenue for the six month period was $17.0 million, an increase of 18.8% over six months 2012. Looking ahead, revenue growth will be driven by additional product offerings as well as increased sales to existing customers.

Higher revenue also contributed to the gross profit increase of 8.7% in the quarter. Gross profit as a percent of sales, however, was lower due to a combination of higher raw material and labor costs. The company is taking steps to improve this with productivity enhancements at the plant level. Selling General & Administrative costs increased 22.4% in the quarter, with the increase primarily attributable to an increase in payroll as the company expanded its executive and leadership ranks, as well as costs associated with the September 2013 merger. As a result, profitability was impacted as the company made the necessary investments to support future growth.

Plants. Hot Mama’s is increasing production capacity to meet growing demand. Earlier in the year, the company signed a lease for a 70,000 square foot facility in Wheeling, IL. Completion of this facility is moving along as planned with first production anticipated to begin before year end. By early 2014, the company estimates it will have sufficient capacity to support upwards of $100 million in revenue. The company is also planning to expand and upgrade its owned facility in Springfield, MA. Projects underway will not only increase capacity but will enable the company to produce a more diversified portfolio of natural and organic food products.

Products. Innovation and new product development are key drivers of the business. The company has been able to successfully drive top line growth through increased market penetration, additional product offerings as well as promotional and marketing efforts. Hummus sales, which accounted for 68% and 72% of revenue in 2012 and second quarter 2013, respectively have also benefitted from increased category growth with sales fueled in part by increased consumer awareness. During the year the company introduced several new flavors of existing products and began production on frozen entrée’s and side dishes. Salsa is also an important category for the company and accounts for approximately 12% of revenue and similar to Hummus, the company continues to develop new and exciting products for its grocery customers. “Diversification of our product portfolio is a key component to our growth strategy,” commented Joseph Ward, President & COO. “Our movement into the frozen entrée and frozen side dish category has been driven through the on-boarding of two new co-pack customers.” The company expects to introduce more than two dozen new products in various categories over the coming year.

Customers. Recent new customer wins and growth within an existing private label customer will add approximately $5 million to revenue in the first year. Two new co-pack customers include (1) Mama Mae’s, LLC (www.mamamaes.com) which markets a variety of frozen entrees and side dishes under its brand name “Mama Mae’s” and (2) BeetNPath, LLC (www.grainful.com) which markets a savory, steel cut oat frozen entrée line under the “Grainful” brand.

Leadership Team. Having the right team in place was necessary in order for the company to reach the next level of growth. To that end, additional hires were required across many areas of the company. The first of the year, Joseph Ward came onboard as President and Chief Operating Officer. Joe brings over 16 years of related food industry experience, most recently at Hanover Foods Corporation, one of the largest privately held food processors in the U.S. In late summer, William Kenealy joined as Chief Financial Officer. He has 20 years of experience in the consumer products industry, including 13 years as CFO. Joe and Bill join Matt Morse, CEO in the Executive Suite. Also joining earlier in the year, was Evelyn Rivera-Riffenburg as Director of Human Resources. Evelyn is a seasoned executive bringing over 20 years experience in all aspects of Human Resources to Hot Mama’s. On the operations side, the new team is also very experienced with Carl Haag, Director of Business Development bringing 24 years of food industry experience, both branded and private label and Mark Kretzinger, VP of Research & Development having of 25 years of culinary experience, including 14 years of new product development. Jose Reyes rounds out the new hires having joined last month as General Manager – Midwest Operations. He has extensive experience in Lean manufacturing as well as, a strong solution focused, analytical approach to manufacturing.

ABOUT HOT MAMA’S FOODS

Hot Mama's Foods is a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods. The Company has proven expertise in developing and manufacturing top quality salsas, sauces, pesto, hummus, salads, dips, prepared deli salads, and many other gourmet foods. Hot Mama’s Foods is one of the largest producers of hummus and salsa in the United States. The Company’s products are USDA Certified, Certified Organic, and independently audited. Hot Mama’s provides versatile, highly time-sensitive services to discerning food retailers, foodservice customers and food brokers nationwide. Hot Mama’s Foods also develops, produces and sells fresh salsas, hummus and other fresh food products under its own label – Hot Mama’s Foods. The Company has state-of-the-art production facilities in Springfield, MA and Elk Grove Village, IL.

Hot Mama’s Foods was formed in Wendell, Massachusetts, in 1984 as a maker of a variety of fresh salsa recipes, distributed directly to small local retailers by its owner-operator. In 1991, the Company was purchased from its founder by Matthew Morse and maintained as a sole-proprietorship until its incorporation on January 29, 1999 under the name Lansal, Inc. under the laws of the Commonwealth of Massachusetts.

The Company has experienced rapid growth in recent years. Since 2008, revenue has increased slightly over 100%. In 2012 revenue increased 35.8% to $28.9 million. Growth has been driven by increased market penetration, additional product offerings, and, in part, by promotional and marketing efforts increasing awareness of the hummus category in particular. Additional information about the Company can be found at www.hotmamasfoods.com, and at the SEC’s web site www.sec.gov.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Yield ? What happens when yield is removed?

Hotf

1.50 decent vol today rarely gets this much

Nice News out

Hot Mama's Foods Provides Business Update - Momentum Continues

Record 1st Half 2013 Revenue of $17MM

SPRINGFIELD, Mass., Oct 22, 2013 (BUSINESS WIRE) -- --New Chicago Production Facility on Track to Open in December
Hot Mama's Foods, Inc., (OTC:HOTF) a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods, which include fresh hummus, salsas, and pestos sold under both its own label as well as for other leading food retailers, today is providing a business update.

"The current year has been an exciting and busy one for us as we position the company for future growth" commented Matthew Morse, Chief Executive Officer. "We have expanded both the executive and senior leadership teams and have made substantial progress on a larger manufacturing facility in Chicago. We also continue to increase our product offerings and add new clients which is being reflected in record revenue." Mr. Morse further commented, "An important step solidifying our future growth was becoming a publicly traded company. Being a public Company will provide additional financial flexibility as we continue to grow our business both organically and through acquisitions."

Financials. For the three month period ended June 30, 2013, Hot Mama's Foods' revenue increased 20.7% to a record $9.4 million compared to the same period in the prior year. This good performance was driven by the Hummus product line which accounted for 72% of revenue, up from 66% in second quarter 2012. Higher volumes reflect effective marketing campaigns as well as increased customer demand for Hot Mama's higher quality products. Total revenue for the six month period was $17.0 million, an increase of 18.8% over six months 2012. Looking ahead, revenue growth will be driven by additional product offerings as well as increased sales to existing customers.

Higher revenue also contributed to the gross profit increase of 8.7% in the quarter. Gross profit as a percent of sales, however, was lower due to a combination of higher raw material and labor costs. The company is taking steps to improve this with productivity enhancements at the plant level. Selling General & Administrative costs increased 22.4% in the quarter, with the increase primarily attributable to an increase in payroll as the company expanded its executive and leadership ranks, as well as costs associated with the September 2013 merger. As a result, profitability was impacted as the company made the necessary investments to support future growth.

Plants. Hot Mama's is increasing production capacity to meet growing demand. Earlier in the year, the company signed a lease for a 70,000 square foot facility in Wheeling, IL. Completion of this facility is moving along as planned with first production anticipated to begin before year end. By early 2014, the company estimates it will have sufficient capacity to support upwards of $100 million in revenue. The company is also planning to expand and upgrade its owned facility in Springfield, MA. Projects underway will not only increase capacity but will enable the company to produce a more diversified portfolio of natural and organic food products.

Products. Innovation and new product development are key drivers of the business. The company has been able to successfully drive top line growth through increased market penetration, additional product offerings as well as promotional and marketing efforts. Hummus sales, which accounted for 68% and 72% of revenue in 2012 and second quarter 2013, respectively have also benefitted from increased category growth with sales fueled in part by increased consumer awareness. During the year the company introduced several new flavors of existing products and began production on frozen entree's and side dishes. Salsa is also an important category for the company and accounts for approximately 12% of revenue and similar to Hummus, the company continues to develop new and exciting products for its grocery customers. "Diversification of our product portfolio is a key component to our growth strategy," commented Joseph Ward, President & COO. "Our movement into the frozen entree and frozen side dish category has been driven through the on-boarding of two new co-pack customers." The company expects to introduce more than two dozen new products in various categories over the coming year.

Customers. Recent new customer wins and growth within an existing private label customer will add approximately $5 million to revenue in the first year. Two new co-pack customers include (1) Mama Mae's, LLC (www.mamamaes.com) which markets a variety of frozen entrees and side dishes under its brand name "Mama Mae's" and (2) BeetNPath, LLC (www.grainful.com) which markets a savory, steel cut oat frozen entree line under the "Grainful" brand.

Leadership Team. Having the right team in place was necessary in order for the company to reach the next level of growth. To that end, additional hires were required across many areas of the company. The first of the year, Joseph Ward came onboard as President and Chief Operating Officer. Joe brings over 16 years of related food industry experience, most recently at Hanover Foods Corporation, one of the largest privately held food processors in the U.S. In late summer, William Kenealy joined as Chief Financial Officer. He has 20 years of experience in the consumer products industry, including 13 years as CFO. Joe and Bill join Matt Morse, CEO in the Executive Suite. Also joining earlier in the year, was Evelyn Rivera-Riffenburg as Director of Human Resources. Evelyn is a seasoned executive bringing over 20 years experience in all aspects of Human Resources to Hot Mama's. On the operations side, the new team is also very experienced with Carl Haag, Director of Business Development bringing 24 years of food industry experience, both branded and private label and Mark Kretzinger, VP of Research & Development having of 25 years of culinary experience, including 14 years of new product development. Jose Reyes rounds out the new hires having joined last month as General Manager - Midwest Operations. He has extensive experience in Lean manufacturing as well as, a strong solution focused, analytical approach to manufacturing.

ABOUT HOT MAMA'S FOODS

Hot Mama's Foods is a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and gourmet foods. The Company has proven expertise in developing and manufacturing top quality salsas, sauces, pesto, hummus, salads, dips, prepared deli salads, and many other gourmet foods. Hot Mama's Foods is one of the largest producers of hummus and salsa in the United States. The Company's products are USDA Certified, Certified Organic, and independently audited. Hot Mama's provides versatile, highly time-sensitive services to discerning food retailers, foodservice customers and food brokers nationwide. Hot Mama's Foods also develops, produces and sells fresh salsas, hummus and other fresh food products under its own label - Hot Mama's Foods. The Company has state-of-the-art production facilities in Springfield, MA and Elk Grove Village, IL.

Hot Mama's Foods was formed in Wendell, Massachusetts, in 1984 as a maker of a variety of fresh salsa recipes, distributed directly to small local retailers by its owner-operator. In 1991, the Company was purchased from its founder by Matthew Morse and maintained as a sole-proprietorship until its incorporation on January 29, 1999 under the name Lansal, Inc. under the laws of the Commonwealth of Massachusetts.

The Company has experienced rapid growth in recent years. Since 2008, revenue has increased slightly over 100%. In 2012 revenue increased 35.8% to $28.9 million. Growth has been driven by increased market penetration, additional product offerings, and, in part, by promotional and marketing efforts increasing awareness of the hummus category in particular. Additional information about the Company can be found at www.hotmamasfoods.com, and at the SEC's web site www.sec.gov.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20131022005596r1&sid=cmtx6&distro=nx

SOURCE: Hot Mama's Foods, Inc.

CONTACT:
Hot Mama's Foods, Inc. Matthew Morse, 413-737-6572 Chairman & CEO or STRATEGIC ADVISOR: Strategic Universal Advisors, LLC Stan Altschuler, 212-838-1510 President
Copyright Business Wire 2013
-0-
KEYWORD: United States
North America
Massachusetts
INDUSTRY KEYWORD: Convenience Store
Manufacturing
Other Manufacturing
Retail
Food/Beverage
Specialty
Construction & Property
Supermarket
Commercial Building & Real Estate
SUBJECT CODE: Product/Service

Red?

People are watching and waiting for?

Hot Mama's Foods
Article by Kathryn Jones


The company is always looking for ‘the next big thing.’Knowing what’s hot before it even hits the market is a key chapter in the 25-year success story of Hot Mama’s Foods. The company was established in 1984 as an all-natural vegetable salsa business run out of founder Cheri Martinez’s Miller Falls, Mass., home kitchen. When President Matt Morse caught wind of the up-and-coming business, he immediately saw potential. “She was ahead of her time,” he says. “When I bought the company in 1991, she was making all-natural sandwiches sold locally, different flavored hummus and fresh, chunky salsa – mild, medium and hot – that’s homey and hardy, almost like a salad. Everything was strictly vegan across the board.”

An engineer by trade with a keen interest in the food business, Morse was looking for an opportunity and found it with Hot Mama’s Foods. After he acquired the company, he relocated to Amherst, Mass., and added black bean and pinto bean dip to its product portfolio. “I always thought I was a bit of an innovator in that I was getting into the idea of using ingredients like chipotle peppers at a time when nobody knew what they were,” he says.

Hummus exploded into a full-swing fad by 1994, but Hot Mama’s went in a different direction by offering organic hummus instead of the preservative-packed, mainstream version. In 1999, he acquired the Lazy Chef line of ready-to-use pesto sauces, which are now produced under the Hot Mama’s Gourmet line for foodservice clients and the Hot Mama’s Natural/Organic line for retailers. The company’s growth prompted Morse to relocate once more to Northampton, Mass. In 2002, he established operations in Chicago and started making pizzas, pizza bagels, flavored butters and spreads using fresh, natural and organic ingredients. In 2006, the company moved to Springfield, Mass., where it is still based today.

‘CUSTOM GOURMET SOLUTIONS’

When private labeling became a popular market in the mid-1990s, Morse took notice. “Right around 1996, I started getting involved in doing private labeling, which was around the time private labeling started getting big, so I jumped on that bandwagon,” he recalls. “Now, it makes up about 96 percent of our business.”

Hot Mama’s runs a full-service operation that includes research and development, food science, product development, food sourcing, packaging and labeling for its private label clients. Through contract packaging, the company signs a confidential agreement to manufacture products its clients have already developed. “But if they’re interested, we can always help them to expand their product lines,” Morse adds.

“A lot of our energy goes into developing other people’s brands,” he muses. “It’s not a glamorous way to go, but it happens to be a really good niche. I’ve found that there are so many business owners that really know how to sell their stuff that are looking to partner up with a good manufacturer. Every week, we’re developing tons of new products for existing customers and looking for opportunities with new customers.”

THE NEXT BIG THING

Hot Mama’s strives to keep its products as simple and all-natural as possible, but also understands this is not always achievable if customers request a 60-day shelf life. “I’ve been in the natural foods business for so long, I think the line between what’s really natural and what’s conventional has blurred a little bit,” Morse admits.

“At the end of the day, we have to take care of our customers, but I won’t make something I feel is something I wouldn’t want to eat or feed to my kids,” he adds.

The company has been looking into new technologies for shelf life extension without the use of preservatives. This can be achieved through a system that removes oxygen from dip, spread and salsa containers. In addition, Hot Mama’s is investing into plastic pouches as a way to replace plastic containers because they are more cost-effective and have a smaller plastic footprint, Morse notes.

“We try to keep things as green as we can,” he says. “We’re looking into buying biodegradable plastic containers, first and foremost, because it’s the right thing to do, just from a philosophical point of view.

“It’s also a good selling point. A lot of big companies have been looking for ways to be more sustainable or to have a greener image, and when Walmart speaks, people listen.”

http://www.fooddrink-magazine.com/index.php/featured-content/684-hotmamafoods

1.65

I am inclined to think that, no matter how obscure a security, there are enough out there who seek hidden gems that such finds stay hidden not for long.

it's not about following. It's about wise investments bud.
We all have our mysterious ways.

It Won't matter what they have for revenues No one will see you do not have a big following

Hot mama can't wait to hear about the sales revenue!!!!!!!!

Volume ? Where is volume?

HOTF looking good!

They've got a pretty nice website. I like a company that is serious about how it looks.

http://www.hotmamasfoods.com/index.html

What happen if we had some major news?

Bid and ask nice and tight!

Reverse mergers (and the like) always seem to catch my eye -- I like to see how they do afterwards.

I'm trying to find info on what led to the decision, but nothing's popping up in some quick searches. Anyone point me in the right direction?

Now doesn't this look like an interesting pick. A company with a little vertical monopoly action? That's business savvy that you don't commonly see nowadays.

Might need more detail info on the IBOX

Can anyone submite a more detail on what this company does and projects they have to improve revenues.

Okay I'm interested in a MILF - Hot Mama..

Okay what do we have here?

Seems to be some good things going on here.Real company doing real business.

TL

Hot Mama's Foods is a leading specialty food manufacturer, co-packer and private label resource for innovative organic, all-natural, and conventional foods. We have proven expertise in top quality salsas, sauces, pesto, hummus, salads, dips, prepared deli salads, and many other gourmet solutions.

$HOTF

Very Nice - Looks solid! Boardmarked!

Mad Man, Thanks for the invite.

I'm ready for Hot Mama's Foods. Yummy!

HOTF looks like a good one.

And more being bid for at 1.60 than being asked of at 1.75, at the moment.

Scarcity plus value finally manifesting itself in a real way?

1.60 x 1.75

Hearing Hot Mama's Foods are heatin up! HOTF looks interesting!

I just put this on my watch list!

yep nice vol today

Coming to life..

1.60

thing upticks on 100 shares sometimes.lol

Only 100 shares, but still bodes well I think.

Isn't a 10Q due soon?

1.50 tapped