Category Archives: Press Releases

IQ Formulations Ranked Among Florida’s Fastest-Growing Private Companies

IQ Formulations was recognized for its outstanding performance along with other top-performing businesses throughout the Sunshine State. Since its inception in 2010, IQ Formulations has grown exponentially, increasing its revenues from $124,000 in its first year of operation to more than $16 million in 2015. The company has also created dozens of high-quality local jobs over the past six years.

The South Florida Business Journal also honored IQ Formulations last month as one of the 50 fastest-growing companies in South Florida’s tri-county area at its Fast 50 Awards. The nutraceutical company has also been continuously included on Inc. Magazine’s renowned Inc. 5000 list of the fastest-growing privately held companies in the nation for the last three years.

“All of us at IQ Formulations are extremely honored and humbled to be named to the Fast 100 list by the South Florida Business Journal,” said Jay Cohen, IQ Formulations CEO. “It has taken a lot of hard work and dedication to get to where we are today, and we are thrilled to be recognized as one of the leading businesses in the state of Florida.”

To learn more about IQ Formulations, its products and business achievements, visit http://www.iqformulations.com.

About IQ Formulations

IQ Formulations is one of the most highly regarded and quickly growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

IQ Formulations Ranked Eighth Fastest Growing Company in South Florida

IQ Formulations was honored for its growth along with fellow regional leaders at the publication’s countdown-style event yesterday evening at the Hyatt Regency Pier 66 in Fort Lauderdale.

Just two days ago, IQ Formulations was also named to the prestigious Inc. 5000 list of the nation’s fastest growing private companies for the third consecutive year. It was previously honored by the South Florida Business Journal as the Business of the Year in its size category in April 2016.

Founded in 2010, the company has experienced tremendous growth since its inception, growing from $124k in 2010 to over $16 million in 2015, with the number of employees also increasing more than 20 times over.

“It is a great honor to be named to the Fast 50 list of the most rapidly growing private companies in the region,” said Jay Cohen, IQ Formulations CEO. “I would like to thank the South Florida Business Journal for recognizing our accomplishments, as well as my incredible staff, without whom our growth and success would not have been possible.”

For more information regarding IQ Formulations remarkable growth and the list of additional business awards the company has received, visit http://www.iqformulations.com.

About IQ Formulations

IQ Formulations is one of the most highly regarded and quickly growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

South Florida’s IQ Formulations Named to Inc. 5000 Fastest Growing Companies List for Third Consecutive Year

The company, headquartered in Tamarac, increased revenues from $3.58 million in 2012 to over $16 million in 2015. That number is even more impressive when you compare it to the $124,000 that the company made in its first year of business only six years ago. Overall, IQ Formulations has grown an astonishing 12,976 percent since its founding in 2010.

This explosive success has also created dozens of high-quality local jobs over the past few years, expanding from just 2 employees in 2010 to nearly 50 today. Last year, IQ Formulations moved to a new state-of-the-art $6 million, 40,000 sq. ft. manufacturing and packaging facility, and it plans to open a second location by the end of the year that will double its square footage and staff.

Jay Cohen, IQ Formulations CEO, is a lifelong South Floridian and deeply committed to keeping operations local and giving back. “I am very grateful to the community, my family and our incredible staff for helping make this growth possible, and I look forward to continued expansion in South Florida,” said Cohen.

IQ Formulations is also well-known for seeking to elevate the standards of the health supplement industry through leading by example. “Seeing our philosophy of doing things the right way resonate with people and lead to such success has been very humbling and inspiring,” Cohen added.

Today’s third consecutive naming to the Inc. 5000 is the latest in a litany of 2016 business honors for the company. Earlier this year, IQ Formulations was named Business of the Year by the South Florida Business Journal and was recognized as a 2016 DREAM BIG Blue Ribbon Small Business Award winner by the U.S. Chamber of Commerce. Its home city of Tamarac also declared May 25, 2016 as “IQ Formulations Day” with an official proclamation honoring the company’s sound business practices, strong growth, and commitment to increasing local job opportunities and manufacturing.

Inc. Magazine will formally honor IQ Formulations at a national awards ceremony in San Antonio in October.

To learn more about IQ Formulations and its Inc. 5000 placement, please visit: http://www.inc.com/profile/iq-formulations.

About IQ Formulations

IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

May 25 Declared “IQ Formulations Day” by City of Tamarac, Florida

The mayor’s proclamation was delivered at the beginning of today’s 9 a.m. meeting at Tamarac City Hall. Following the statement by Mayor Dressler, Cohen said a few words about his great experiences working with the city when moving IQ Formulations’ headquarters there. Cohen was then awarded an official proclamation plaque and congratulated by the mayor and several city commissioners.

“I am incredibly humbled and thrilled to have an honorary IQ Formulations Day established in the city of Tamarac,” said Jay Cohen, IQ Formulations CEO. “It has been a privilege to work in a city whose officials are so welcoming, helpful and willing to recognize local companies who work hard and do things the right way. I sincerely thank the city for this honor and look forward to a bright future for IQ Formulations in Tamarac.”

Today’s recognition from the city follows a number of recent local and national awards for the top health and nutritional supplement company. Last month, IQ Formulations was named Business of the Year by the South Florida Business Journal. Earlier this year, it was also recognized as a 2016 DREAM BIG Blue Ribbon Small Business Award winner by the U.S. Chamber of Commerce.

Jay Cohen and IQ Formulations will also be featured in the upcoming issue of Tam-A-Gram, the official publication of the City of Tamarac, which is produced quarterly and mailed to all residents and businesses in the city.

About IQ Formulations

IQ Formulations is one of the most highly regarded and quickly growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

IQ Formulations Announced as Finalist for 2016 Business of the Year and South Florida Good to Great Awards

IQ Formulations Announced as Finalist for 2016 Business of the Year and South Florida Good to Great Awards

Tamarac, FL, April 20, 2016 (GLOBE NEWSWIRE)IQ Formulations, a Tamarac-based nutritional supplement company, was recently announced as a finalist in two highly respected area business awards: the 2016 Business of the Year Awards by the South Florida Business Journal and the South Florida Good to Great Awards by the Greater Miami Chamber of Commerce.

The South Florida Business Journal named IQ Formulations as one of just three finalists in its size category in the publication’s highly regarded Business of the Year Awards. For almost two decades, the Business Journal’s annual awards have honored the region’s top companies which set standards of excellence in their industries and build the South Florida economy through solid business practices, dedication to the community and financial growth. IQ Formulations and CEO Jay Cohen will be officially honored at an upcoming awards program at the Intercontinental Hotel in Miami on April 21, where the winners will be announced.

As a finalist for the 2016 South Florida Good to Great Awards, IQ Formulations was again one of just three companies in its category selected by the Greater Miami Chamber’s esteemed panel of judges from the business schools of Florida International University, Barry University, and Johnson & Wales University. These awards honor businesses throughout the tri-county region that have shown a pattern of transitioning from solid performance to great performance over a four-year period while demonstrating proven leadership and a solid workforce base. After being honored as a finalist at a special reception on April 7, the award winners will be named on April 28 during the South Florida Good to Great Awards Luncheon at the Rusty Pelican in Key Biscayne.

“This is an incredible honor for all of us at IQ Formulations to be distinguished as one of the top companies in South Florida by both the Miami Chamber of Commerce and the South Florida Business Journal,” said Jay Cohen, IQ Formulations CEO. “Since the inception of IQ Formulations, we have remained firmly committed to leading the health supplement industry by example, and every day, we continue to advance the field, the economy and the local community. These latest recognitions serve as a testament to those goals and we are extremely grateful to everyone who made this possible.”

In addition to these latest achievements, IQ Formulations was recognized as a 2016 DREAM BIG Blue Ribbon Small Business Award winner by the U.S. Chamber of Commerce, a gold first-place winner in North America’s 2015 Best in Biz Awards, and was named as one of Florida’s Companies to Watch in 2015 by GrowFL, the state’s economic development group. IQ Formulations was also named to the Inc. 5000 list of the nation’s fastest growing private companies for the past two years in a row.

About IQ Formulations

IQ Formulations is one of the most highly regarded and quickly growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

 

IQ Formulations Spotlighted in South Florida Business Journal and Sun Sentinel Following 2016 DREAM Big Blue Ribbon Award

IQ Formulations Spotlighted in South Florida Business Journal and Sun Sentinel Following 2016 DREAM Big Blue Ribbon Award

Tamarac, FL, March 03, 2016 (GLOBE NEWSWIRE) — Top health and nutritional supplement company IQ Formulations was highlighted by the South Florida Business Journal and the South Florida Sun Sentinel this February, after the company was announced as a 2016 DREAM BIG Blue Ribbon Award winner by the U.S. Chamber of Commerce. The Tamarac-based company was the only South Florida business to receive this highly regarded recognition.

The South Florida Business Journal’s piece, published on February 19, spotlighted both IQ Formulations and its CEO Jay Cohen whose strategic vision has propelled the company to become a recognized leader in the industry. In his interview with SFBJ reporter Emon Reiser, Cohen also shared the company’s plans to expand its product line and nearly double its workforce and operations by the end of 2016.

In its article from February 23, the South Florida Sun Sentinel highlighted IQ Formulations as one of just five companies statewide and the only business from South Florida to receive this award from the U.S. Chamber of Commerce. As the piece from reporter Miriam Valverde notes, this recognition also puts IQ Formulations in the running for the national DREAM BIG Small Business of the Year Award, which will be announced during the 12th annual America’s Small Business Summit (June 13-15) in Washington D.C. where all 100 Blue Ribbon winners will be honored.

“I would like to thank both the South Florida Business Journal and the Sun Sentinel for highlighting this latest accolade for IQ Formulations,” said Jay Cohen, IQ Formulations CEO. “It is truly an honor to have your hard work and awards spotlighted in leading area publications.”

Jay Cohen, IQ Formulations CEO is known for his innovative business approach as he leads the supplement industry by example. With state-of-the-art facilities, premier quality control processes and a focus on customer service, IQ Formulations is widely recognized not only for business excellence, but also for its numerous philanthropic initiatives.

About IQ Formulations

IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

South Florida’s IQ Formulations Named U.S. Chamber of Commerce Blue Ribbon Small Business Award Winner

South Florida’s IQ Formulations Named U.S. Chamber of Commerce Blue Ribbon Small Business Award Winner

Tamarac, FL, Feb. 22, 2016 (GLOBE NEWSWIRE) — The U.S. Chamber of Commerce has announced IQ Formulations of Tamarac, Florida as a winner of its annual DREAM BIG Blue Ribbon Small Business Awards®. IQ Formulations was the only South Florida business and one of just five in the state to receive the prestigious distinction, which recognizes 100 nationwide companies for their success and contributions to America’s economic growth and vitality.

IQ Formulations, a fast-growing and highly-respected health and nutritional supplement manufacturer, was selected from a record number of applicants from across the country. Entries were judged on four key categories: strategic planning, employee development, customer service, and community involvement.

The honor enters IQ Formulations into the running for the national DREAM BIG Small Business of the Year Award, sponsored by Sam’s Club®, and a $10,000 cash prize courtesy of the U.S. Chamber. This national award will be announced at the 12th annual America’s Small Business Summit, taking place June 13-15 in Washington, D.C. where all DREAM BIG Blue Ribbon Small Business Award winners will be honored.

“Small businesses provide a powerful example of what’s possible in our free enterprise system. Day in and day out, these companies exemplify the strong American values of hard work, innovation, persistence, and entrepreneurship,” said U.S. Chamber President and CEO Thomas J. Donohue. “The Chamber is proud to recognize these tremendous small businesses for all of their achievements.”

This is the latest in a line of distinguished awards for IQ Formulations. The company has been named to the Inc. 5000 list for the past two years, was recently recognized as the gold, first-place winner in North America’s Best in Biz Awards 2015 and was selected as one of Florida’s Companies to Watch for 2015 by the state’s economic development group GrowFL.

“It is such a remarkable honor to be recognized by the U.S. Chamber of Commerce, among the top 100 up-and-coming companies in the entire nation,” said IQ Formulations CEO Jay Cohen. “After years of hard work and a commitment to improving the state of our industry, it’s such a blessing to have the efforts of IQ Formulations recognized. I want to thank the U.S. Chamber, my family, and the incredible team that I work with everyday for making this dream a reality.”

A complete list of this year’s Blue Ribbon Small Business Award® winners is available here.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

About IQ Formulations

IQ Formulations is one of the most highly regarded and quickly growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at www.iqformulations.com.

CEO Jay Cohen and IQ Formulations Highlighted in Business View Magazine for Incredible Growth and Unique Company Philosophy

CEO Jay Cohen and IQ Formulations Highlighted in Business View Magazine for Incredible Growth and Unique Company Philosophy

Tamarac, FL, Jan. 13, 2016 (GLOBE NEWSWIRE) — Leading nutritional supplement manufacturer IQ Formulations and its CEO Jay Cohen were the focus of a detailed feature piece recently published in Business View Magazine. The eight-page-long article in the publication’s January issue highlights Cohen’s vision of elevating the standards of the supplement industry when creating IQ Formulations in 2010, and the incredible success story that has followed.

“Cohen’s firm has been on an astonishing trajectory of growth since its inception, going from less than $124,000 in 2010 revenue, to 2015 sales of $20 million, today – a growth rate of 5,428 percent over the last three years,” the article states. But as the piece also notes, the CEO was set on doing things his own way, seeking to bring top-quality formulations to an industry that had lost sight of its true purpose.

The response was strong. As Cohen says in the article: “People welcomed it with open arms, because it was such a different philosophy, such a different product line. It brought integrity back into the industry. Our philosophy was to become a vertically integrated company that would put the research, the development, the manufacturing, and the production all under one roof. It was like a breath of fresh air.”

Customers were even willing to pay a premium for the products due to their superiority. “We felt consumers were ready for that,” Cohen continued. “They found that when they drank [our product], they felt better…felt healthier…lost weight and had more energy. It transformed that segment of the marketplace within a year.”

While the company continues to experience overwhelming consumer demand on an ongoing basis, CEO Jay Cohen is sure to regulate the growth to ensure optimum product quality and consistency – part of IQ Formulations’ key commitment to the customers it serves. Built upon a strong belief that it is their duty to help educate people about what they put into their bodies, the company seeks to elevate standards, not just for its own products, but for the supplement industry overall. IQ Formulations’ high-tech facilities, rigorous product testing and elite supplements, as well as its commitment to philanthropy, clearly demonstrate this mission of leading by example.

To read the full article in Business View Magazine, visit: https://www.businessviewmagazine.com/digital-magazines/jan-2016/#62

About IQ Formulations

IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

IQ Formulations Featured in Inc. Magazine for its Incredible Business Success

IQ Formulations Featured in Inc. Magazine for its Incredible Business Success

Tamarac, FL, Dec. 31, 2015 (GLOBE NEWSWIRE) — Nutritional supplement leader IQ Formulations and its CEO Jay Cohen were highlighted this week in an excellent profile piece in Inc. Magazine. The detailed article in the top national business publication shares with readers Cohen’s incredible entrepreneurial journey and his inspiration for creating IQ Formulations. It also underscores the company’s unique philosophy including elevating product and business standards, which has catapulted the manufacturer to the top of its industry.

Entitled “How This Nutrition Company Jumped From $120,000 to $20 Million in Sales,” the piece by Darren Heitner focuses on the recipe for success which helped IQ Formulations’ Jay Cohen build the rapidly growing and highly respected company. In the article, Cohen notes that industry experience, an emphasis on relationships, and growth through customer loyalty were key factors to his success. IQ Formulations has also differentiated itself in a saturated market through its commitment to excellence, even creating a fully in-house, vertically-integrated manufacturing process for unprecedented quality control.

“What makes our company different is exactly my basis for getting back into the industry. It’s the quality and efficacy we put into our products,” Cohen said in the article. “We not only built a research and development facility that develops our own products, but we manufacture, produce, package, and distribute internally. There are only about five companies of 50,000 participants in the industry that do it and I’m one of the five.”

The company’s quality over quantity strategy has clearly resonated with consumers, producing incredible sales numbers. As the Inc. piece notes, IQ Formulations grew 16,000 percent over the past five years, creating the stunningly impressive revenue figures included in the article’s title.

IQ Formulations has been featured in the magazine’s renowned Inc. 5000 list of the nation’s fastest growing private companies for the past two years. The company was also recently recognized as the gold, first-place winner in North America’s Best in Biz Awards 2015 and was selected as one of Florida’s Companies to Watch for 2015 by the state’s economic development group GrowFL.

To read the full article from Inc. Magazine, visit: http://www.inc.com/darren-heitner/how-this-nutrition-company-went-from-120-000-to-20-million-in-sales.html.

About IQ Formulations

IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.

Entrepreneur and CEO Jay Cohen Spotlighted in South Florida Business & Wealth Magazine

Entrepreneur and CEO Jay Cohen Spotlighted in South Florida Business & Wealth Magazine

 Tamarac, FL, Dec. 14, 2015 (GLOBE NEWSWIRE) – Respected business leader and IQ Formulations CEO Jay Cohen was highlighted in South Florida Business & Wealth magazine recently for his innovative vision and incredible success in building the now thriving company. A South Florida native, Cohen built the locally owned and operated manufacturing businesses himself, and is committed to sourcing all of his products from the United States, a true rarity in this day in age.

As the article in the publication’s November edition notes, IQ Formulations has quickly risen to the top of its industry under Cohen’s smart and strategic direction. His fast-growing enterprise has been honored with numerous business awards, including recently being named the Fastest-Growing Company of the Year in its size category for all of North America by the Best in Biz Awards.

But it has not always been smooth sailing for the visionary CEO. Cohen had to overcome various obstacles when bootstrapping the company and building it from the ground up, driven by an underlying passion to elevate the standards of the health supplement industry and provide consumers with something better than what was previously on the market.

“I would like to thank South Florida Business & Wealth for its interest in IQ Formulations and my entrepreneurial journey, and for showcasing the remarkable results that have come from our team working together with professionalism and passion” said Cohen. “It is truly humbling to see your life story and achievements laid out so eloquently. It’s an honor to be featured alongside other top local professionals in the leading business publication.”

IQ Formulations CEO Jay Cohen believes in doing things differently and leading by example. With top-quality products, state-of-the-art facilities, and exceptional customer service, the company is widely recognized for its excellence as an industry leader, as well as its commitment to giving back to the community.

About IQ Formulations

IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.