Lewis Ochs to Retire
East Rutherford, NJ, April 02, 2018 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (OTCQB: MMMB), a marketer of specialty prepared, frozen and refrigerated all-natural food products (as defined by the United States Department of Agriculture), announced today that Lawrence Morgenstein has appointed Chief Financial Officer, effective April 1, 2018. He succeeds Lewis Ochs who will be retiring on March 31, 2018 after serving as the Company’s CFO since 2008. Mr. Ochs will serve as a part time consultant to the Company through September 30, 2018.
Carl Wolf, chairman and CEO of MamaMancini’s Holdings, said, “We are pleased to have Larry Morgenstein join MamaMancini’s as it next chief financial officer. During his career he has been an effective financial executive for numerous companies and professional organizations. We expect to benefit from his extensive experience in all financial management disciplines as we continue to successfully execute on our long-term strategic plan.”
Mr Wolf continued, “I would like to express my appreciation to Lew Ochs for his contributions and service to the Company over these many years. We wish him the best in his retirement.”
Larry Morgenstein brings to MamaMancini’s a strong track record of accomplishments with more than 20 years of senior level finance experience. He most recently served as Controller at Emerging Power, Inc., a custom designer of portable power solutions and standard-sized battery packs for various applications including OEM, Government Agencies, Military, Aerospace and Industrial. Prior to that Mr. Morgenstein was Treasurer/Controller at Elaut USA, Inc., a provider of gaming and amusement hardware systems and software technology; and he was Controller at Mama Mia Produce, a provider of freshly grown produce to major grocery and supermarket food retailers in the Northeastern U.S. Mr. Morgenstein was also Controller at New Gericare Institutional Pharmacy, a venture capital backed institutional pharmacy acquired by Omnicare, a CVS Health company. He has also provided consulting services to non-profit organizations including New York Center for the Living and The Legal Aid Society. Mr. Morgenstein holds a Bachelor of Science Degree in Economics from Rider University and an MBA from Rutgers University.
MamaMancini's is a marketer and distributor of a line of beef meatballs and turkey meatballs, all with sauce; five cheese-stuffed beef and turkey meatballs, all with sauce; original beef and turkey meatloaves; chicken parmesan; stuffed peppers; and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers and distributors such as Costco, Publix, Shop Rite, Jewel, Save Mart, Sam's Club, Lucky's, Lunds and Byerlys, SuperValu, Safeway, Albertsons, Spartan Nash, Whole Foods Market, Hy-Vee, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Kroger, Shoppers, Schnucks Markets, Fresh Direct, King Kullen, Lowes, Central Market, Weis Markets, Ingles, Food City, The Fresh Market, Market Basket, Meatball Obsession, Monterrey Provisions, Porky Products, Sysco, DPI, United Natural Foods, Bozzutos, Burris Foods, and C&S. The Company sells a variety of its products on air and online on QVC, the world's largest direct-to-consumer marketer.
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, 2016 and other filings made by the Company with the Securities and Exchange Commission.
Contact: Carl Wolf Chairman and CEO MamaMancini's Holdings, Inc. Stock Symbol: MMMB 973-985-0280 www.mamamancinis.com email@example.com
Source:MamaMancini's Holdings, Inc.