Hot Mama’s reported net revenues of $28.9m, and $7.3m for the year ended 31 December 2012 and the three months ended 31 March 2013, respectively.
Commencing 6 August 2013, the Common Stock will be quoted on the OTC Markets under the symbol ADOVD and on or about 4 September 2013, the new symbol will be HOTF.
The Company is applying for a listing on the OTC Bulletin Board.
The transaction leaves Hot Mama’s Foods current executive management team in place, which comprises Matthew Morse (CEO), Joseph D Ward (president and chief operating officer) and William Kenealy (chief financial officer).
Source: Hot Mama’s Foods
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