-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VeQCQ9fX4VdGQ2SAQ6QWOdZ61ji0E8xpRlns9vGXq5WTUNXSoKJI294YfisSzM7b qqCRgQusFgUHMyiTkQoyZQ== 0001104659-08-063622.txt : 20081010 0001104659-08-063622.hdr.sgml : 20081010 20081010131943 ACCESSION NUMBER: 0001104659-08-063622 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081010 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081010 DATE AS OF CHANGE: 20081010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVENTURE GROUP, INC. CENTRAL INDEX KEY: 0000944508 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 860786101 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14556 FILM NUMBER: 081117801 BUSINESS ADDRESS: STREET 1: 3500 S LA COMETA DR CITY: GOODYEAR STATE: AZ ZIP: 85338 BUSINESS PHONE: 6239326200 MAIL ADDRESS: STREET 1: 3500 S LA COMETA DR CITY: GOODYEAR STATE: AZ ZIP: 85338 FORMER COMPANY: FORMER CONFORMED NAME: POORE BROTHERS INC DATE OF NAME CHANGE: 19960926 8-K 1 a08-25986_18k.htm 8-K

 

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)   October 10, 2008

 

The Inventure Group, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-14556

 

86-0786101

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

5050 N. 40th Street Suite #300, Phoenix, AZ

 

85018

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (623) 932-6200

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 2.02.              Results of Operations and Financial Condition

 

On October 10, 2008, The Inventure Group, Inc. (the “Company”) issued a press release announcing that it is issuing earnings guidance for the recently completed 2008 third quarter (the “Release”). A copy of the Release is attached hereto as Exhibit 99.1 and is hereby incorporated in this Current Report by reference. The information contained in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement or other document filed by the Company under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits

 

(d)         Exhibits

 

Exhibit 99.1                                 Press release of The Inventure Group, Inc. dated October 13, 2008

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

The Inventure Group, Inc.

 

 

 

Date:

October 10, 2008

 

/s/ Steve Weinberger

 

 

Steve Weinberger

 

 

Chief Financial Officer

 

2


EX-99.1 2 a08-25986_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

THE INVENTURE GROUP, INC.  ANNOUNCES

EARNINGS GUIDANCE ON THIRD QUARTER 2008 RESULTS

 

PHOENIX, Ariz. – October 10, 2008 – The Inventure Group, Inc. (NASDAQ: SNAK) completed its third quarter on September 27, 2008, and, as previously announced and further detailed below, the release of third quarter results and related investor conference call is scheduled for Wednesday, October 22, 2008.  However, the Company believes that its stock is currently undervalued and that utilizing available cash to purchase stock now under the Company’s stock repurchase plan is a good investment and will optimize stockholder value.  To facilitate stock purchases prior to the earning’s release and conference call on October 22, 2008, the Company is disclosing its current estimate of net revenues and net income for the third quarter in this release.

 

Consolidated net revenues for the recently completed third quarter are estimated to be $29.8 million, which represents an increase of 17% compared to $25.4 million of net revenues recorded in the third quarter of 2007.  This increase is largely attributable to net revenues increases of 17% in the Snack Products and 19% in the Berry Products segments.  Year to date net revenues are estimated to be $85.2 million, which represents an increase of 30% compared to $65.3 million of net revenues recorded in the first nine months of 2007.  This increase is attributable to net revenue increases of 6% for the Snack products segment and 136% for the Berry products segment, which was acquired in May 2007.

 

Net income for the third quarter of 2008 is estimated to be $1.1 million, which is significantly higher than the net income of $41,429 recorded in the third quarter of 2007.  Year to date net income is estimated to be $2.2 million, which is also significantly higher than the $0.5 million of net income recorded in the first nine months of 2007.  These increases are attributable to increased net revenues and continued focus on operational efficiencies and profit.

 

The Company plans to release complete third quarter and year to date fiscal 2008 results on October 22, 2008, and will hold a teleconference to discuss the financial results as well as other corporate developments at 4:00 p.m. EDT on October 22, 2008.  To participate, please call toll-free (888) 505-4328 or 719-325-2129 for international callers, approximately five minutes prior to the indicated start time.  A webcast of the call will also be available by accessing www.inventuregroup.net and clicking on the investors’ link.  The webcast will be available for one year following the conference call.

 

 About The Inventure Group, Inc.

With manufacturing facilities in Arizona, Indiana and Washington, The Inventure Group is a marketer and manufacturer of Intensely Different™ specialty brands in indulgent and better-for-you food categories under a variety of Company owned or licensed brand names, including T.G.I. Friday’s®, BURGER KING, Rader Farms®, Boulder Canyon™ Natural Foods, Poore Brothers®, Tato Skins® and Bob’s Texas Style®. For further information about The Inventure Group or this release, please contact Steve Weinberger, Chief Financial Officer, at (623) 932-6200, or logon to http://www.inventuregroup.net.

 

Statements contained in this press release that are not historical facts are forward-looking  statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  Factors that may cause actual results to differ from the forward-looking statements contained in this press release and that may affect the Company’s prospects in general include, but are not limited to, completion of the Company’s financial statements for the third quarter, the potential need for additional financing, acquisition-related risks, significant competition, customer acceptance of new products, dependence upon major customers, dependence upon existing and future license agreements, general risks related to the food products industry, and such other factors as are described in the Company’s filings with the Securities and Exchange Commission.

 


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