BROADVIEW, Ill., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH), a specialty food platform (the “Company” or “IVFH”), today announced a leadership transition aligned with its three-phased strategy to restore financial health, build a scalable platform, and accelerate long-term growth. The Board of Directors of the Company (the “Board”) has appointed Gary Schubert, current Chief Financial Officer, as Chief Executive Officer and Director on the Board. Mr. Schubert’s leadership ...

Executive Changes - Ji-Won Kim has been appointed as the sole Chief Executive Officer of Yoshiharu Global Co. as part of an executive reorganization [2] - John Oh has been appointed as Chief Financial Officer, and Young-Soo Choi has been appointed as an independent Director [2] Strategic Focus - The new executive team aims to enhance momentum and growth initiatives for the brand and shareholders, focusing on improving both top- and bottom-line growth [3] - The company plans to pursue additional strategic expansion in the U.S. and China, leveraging its strong revenue and recently strengthened balance sheet [3] Operational Review - All Yoshiharu restaurant locations will be temporarily closed for approximately three days to conduct a review of store operations, perform an internal audit, and update accounting systems [4] - Normal operations are expected to resume shortly after the review [4] Leadership Experience - Ji-Won Kim has over 20 years of experience in the food service industry and has successfully launched multiple brands, including Macho Galbi [5] - John Oh has over 20 years of experience in tax planning, financial reporting, and regulatory compliance, specializing in ASC 740 income tax provisions and SEC reporting [6] - Young-Soo Choi has over 40 years of experience in taxation, auditing, and public finance, having served in the Korean National Tax Service for 24 years [7] Company Overview - Yoshiharu Global Co. specializes in authentic Japanese ramen and has gained recognition as a leading ramen restaurant in Southern California since its debut in 2016 [8] - The company currently owns and operates 15 restaurants across Southern California and Las Vegas [8]

Core Viewpoint - BofA Securities analyst maintains a Neutral rating on Comcast Corp with a price forecast of $38, highlighting the company's focus on six growth pillars, particularly in Theme Parks which are expected to drive strong near-term growth and long-term opportunities [1] Theme Parks Expansion - Universal's Epic Universe, opening on May 22, is anticipated to significantly boost Comcast's Theme Park segment with five themed worlds offering state-of-the-art attractions and interactive experiences [2] - The new themed worlds will add similar attendance capacity to existing Universal Studios Florida and Islands of Adventure, along with three new hotels (~2,000 rooms), 30 dining options, and 21 retail locations [3] - Future plans include a 456-acre park near London, set to begin construction in 2026 and open in 2031, along with expansions in Orlando and Universal Kids [4] Market Dynamics - While Epic Universe is expected to drive incremental visitation, it remains uncertain if it will make Universal Orlando a full-week destination, although it brings them closer [5] - Bookings for Universal Orlando are healthy with a 6-7% increase in inbound traffic to Orlando for both domestic and international visitors [6] Broadband Business Strategy - Comcast is shifting its strategy in its C&P operations to protect and potentially drive growth in its broadband business, focusing on wireless, marketing, and improving Wi-Fi offerings [6] - The company is reconnecting with consumers and reigniting growth, although these efforts will take several quarters to yield returns [7] - Business services are expected to drive low-to-mid single-digit high-margin revenue growth in the near to intermediate term [7]