Innovative Food Holdings Announces Planned Move to Larger Facilities to Support Potential Growth Opportunities

NAPLES, FL, Oct 23 (MARKET WIRE) --
Innovative Food Holdings, Inc. (OTCBB: 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 facilities. 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:
Sam Klepfish
Innovative Food Holdings, Inc.
(239) 449-3235
sklepfish@foodinno.com

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