EAST RUTHERFORD, NJ--(Jul 9, 2015) - MamaMancini's Holdings, Inc. (MMMB) ("MamaMancini's" or "Company"), a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), today announced that the Company formed a Marketing Advisory Board with the appointment of Michael Kaufman, Jeffrey Kolton, Christian Moritz and Mark Schwartz as its members. The Marketing Advisory Board will hold its inaugural meeting on July 10, 2015 in New York City.
A partner of Astor Group, a New York boutique investment banking firm, Michael Kaufman focuses on assisting companies primarily in the restaurant and retail sectors with strategy and transactions to raise capital or to buy or sell companies or assets. A nationally recognized leader in the hospitality industry, Michael has led a $1.4 billion chain restaurant company, created and successfully exited a restaurant start-up, and innovated a restaurant brand for a luxury retailer. Mr. Kaufman also served as an investment banker and an M&A lawyer in New York City. In addition to his deep operational and advisory experience, Mr. Kaufman has served as Chairman of the Board of the National Restaurant Association, is a Trustee emeritus of the Culinary Institute of America and the NRA's Educational Foundation and a Trustee of Northern Westchester Hospital, and has served on the Boards of Benihana, Inc., Culinary Concepts by Jean-Georges, and the Chappaqua School Foundation, including as its President. A graduate of Harvard College and Harvard Law School, Mr. Kaufman lives in Chappaqua, New York.
Jeffrey Kolton is highly regarded as one of the leaders and innovators in the franchising community. Mr. Kolton began his professional career as an attorney with the law firm now known as DLA, and in 1989, left the practice of law to launch FRANdata Corporation, which quickly became the leading information specialist to the franchise industry. In 2001, Mr. Kolton sold FRANdata, after creating federal contracts with both the SBA and FTC, to National Cooperative Bank. Mr. Kolton next worked as a partner at Kaufmann Gildin & Robbins LLP specializing in transactional work in the hospitality and restaurant sectors. In 2004, Mr. Kolton founded Franchise Market Ventures, LLC ("FMV") to provide outsourced strategic business development services to market leaders. With a focus on restaurants and celebrity chefs, FMV has, among other things, assisted culinary talent, such as Guy Fieri, David Burke, and Red Farm, and leading QSR and fast-casual restaurant brands, such as Coffee Bean & Tea Leaf, Le Pain Quotidien, and Arby's, in finding non-traditional expansion opportunities in airports, universities, corporate campuses, hospitals, and overseas. Mr. Kolton has served on numerous public, private, and non-profit boards, including publicly-traded franchisor Emerging Visions Inc. which he helped take private, venture-backed SinglePlatform, which was purchased by publicly-traded ConstantContact in July 2012 in a deal valued at $100 million, and the International Franchise Association. Mr. Kolton is an honors graduate of Cornell University and the London School of Economics, and received his law degree from Georgetown University Law Center. He also received his sommelier certification from the American Sommelier Association in 2003.
Christian Moritz is an award winning consumer marketing and business strategy executive with twenty five years of experience. He has a proven track record in improving financial performance to organizations such as Sodexo, AOL, Pepsi, Heinz Frozen Foods, Choice Hotels and the National Association of Manufacturers. He provides thought leadership that positively impacts a firm's top and bottom line. As a leader, Mr. Moritz thrives in complex, challenging marketing and sales scenarios that require rapid problem identification, structuring, decision-making and resolution. He is a proactive, hands-on marketing consultant who is focused on strategic development and impactful execution. Mr. Moritz authors a marketing column for the Huffington Post, and has lectured at educational institutions, business seminars and non-profit events. Mr. Moritz graduated from Westminster College with a BA in Business and received his MBA from the University of Pittsburg.
Mark Schwartz brings over two decades of marketing and advertising experience to the MamaMancini's brand. In his current role as Managing Director, North America for Neo@Ogilvy, Mr. Schwartz is responsible for leading clients through the intersection of technology, advertising, and behavior. Previous to Neo, Mr. Schwrtz led corporate strategy at Pacific, a start-up focusing on social, content and search marketing. He also headed the U.S. operations of STEAK Group, an international full-service digital agency, up until its acquisition in 2011 by Dentsu Aegis. With a career spanning both digital agencies and traditional marketing services, he's also held leadership roles at TMP, Reprise Media, and infoGroup. Mr. Schwartz graduated from Ithaca College with a degree in Marketing.
Carl Wolf, MamaMancini's Chief Executive Officer, commented, "We are excited to have these four exceptional professionals join our Marketing Advisory Board. Their collective industry knowledge will be a great asset to the Company. We look forward to their guidance as we continue to execute on our strategic growth initiatives and expand our reach throughout country. We have built an exemplary team that will drive the growth trajectory of the Company."
For additional recent events and a current update on MamaMancini's activities, please refer to the Company Shareholder letter dated May 18, 2015 at http://www.prnewswire.com/news-releases/mamamancinis-provides-letter-to-shareholders-300084641.html.
MamaMancini's is a marketer and distributor of a line of beef meatballs with sauce, turkey meatballs with sauce, chicken meatballs with sauce, pork meatballs with sauce, and other similar Italian products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers such as Costco, Publix, Shop Rite, Price Chopper, A&P, Waldbaums, Food Emporium, Harris Teeter, SaveMarts, Luckys, Lunds/Byerly's, SuperValu, Raley's, BJ;s, Whole Foods, Shaw's Supermarkets, Kings, Key Foods, Stop-n-Shop, Giant Stores, Giant Eagle, Food Town, Kroger, Winn Dixie Shoppers, Marsh's Supermarkets, Bi-Lo, Central Markets, Weis Markets, Ingles, and The Fresh Market.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2015 and other filings made by the Company with the Securities and Exchange Commission.
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