ex10-2.htm


    Exhibit 10.2

     

    
      Innovative
Food Holdings announces planned move to larger facilities to support potential
growth opportunities.

      


      NAPLES,
FL--(MARKET WIRE)— October 23, 2008 -- Innovative Food Holdings, Inc (OTC:BB -
IVFH), a provider
of gourmet food products to chefs throughout the United States,
announced 
that it has  signed a new 3 year lease agreement for new facilities
and that effective Jan 2009 it will be moving to a new and larger
space.

      


      The new
facility is almost twice the size of the Company’s current location and will be
built out brand new to specification at no additional charge to the Company. The
new facility is located in an area of Naples that has been experiencing growth
in corporate and hospitality tenants.  In addition, the lease includes
a fixed price purchase option at the end of the three year term to purchase the
rented space, with the previous lease payments to be applied as a down payment
in the event the company exercises its purchase option.

      


      Justin
Wiernasz, President of Innovative Food Holdings, Inc. noted, “Despite the
struggling economy, we are continuing to experience strong sales and we
anticipate that, based on current projections of potential sales and other
possible opportunities we are currently exploring, if our growth plans come to
fruition we will no longer have adequate space at our current facility. The
space is almost double the size of our current space, includes both warehouse
space and the potential for retail space and also includes a full build out to
specifications with additional IT capabilities included.”

      


      Mr.
Wiernasz further noted   “We are pleased that we were able to
obtain a much larger space at what we believe are very attractive terms and that
we were able to negotiate terms under the new lease which will allow the company
to see a reduction in lease expense in the second and third year of our lease as
compared to lease rates at our current facility.  In addition, further
taking advantage of real estate market conditions, we were able to negotiate and
secure a fixed purchase option at lease end which could potentially allow future
cost stability and savings in terms of the company’s future real estate leasing
costs.”

       

      About The
Company:

       

      Innovative
Food Holdings, Inc. through its wholly owned subsidiary, Food Innovations, Inc.,
with a commitment to chef level extreme quality and service, provides gourmet
food products to discerning chefs throughout the United States.

       

      For
information about the Company and its subsidiaries, please visit www.foodinno.com.

       

      This
release contains certain forward-looking statements and information relating to
Innovative Food Holding, Inc. (the "Company") that are based on the beliefs of
the Company's management, as well as assumptions made by, and information
currently available to, the Company. Such statements reflect the current views
of the Company with respect to future events and are subject to certain
assumptions, including those described in this Release. Should one or more of
these underlying assumptions prove incorrect, actual results may vary materially
from those described herein as anticipated, believed, or expected. The Company
does not intend to update these forward-looking statements.

       

      Contact:

           Contact:

           Sam
Klepfish

           Innovative
Food Holdings, Inc.

           (239)
449-3235

           sklepfish@foodinno.com