MamaMancini's Directors Invest in Private Placement of the Company's Common Stock

EAST RUTHERFORD, N.J., April 17, 2014 /PRNewswire/ -- MamaMancini's Holdings, Inc. (the "Company") (OTCQB: MMMB), an emerging manufacturer and marketer of specialty pre-prepared, frozen and refrigerated "all natural" food products (as defined by the United States Department of Agriculture), announced today that it has conducted the fourth closing (the "Fourth Closing") of its current private placement offering to accredited investors of $2,500,000 (the "Offering") of the Company's restricted common stock, par value $0.00001 per share (the "Common Stock") at a price of $1.50 per share.

In connection with the Fourth Closing, the Company entered into definitive subscription agreements with all of the Company's board of directors (the "Subscription Agreements") and issued an aggregate of 416669 shares of Common Stock for aggregate gross proceeds to the Company of $625,000.The Company utilized the services of a FINRA registered placement agent, Spartan Capital Securities, LLC ("Spartan Capital"), for the Offering.  Upon completion of the Offering, the Company will have raised an aggregate of $12,500,000 through Spartan Capital dating back to 2012.      

Carl Wolf, Chairman and Chief Executive Officer of MamaMancini's, said, "This financing, which was completed by all of the members of the board, including myself, will help strengthen the Company's balance sheet during a time of continued growth. I, along with our management team, wanted to show our direct support for the Company by investing side by side with our current shareholders."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About MamaMancini's
MamaMancini's is a manufacturer and distributor of a line of all natural, beef meatballs with sauce, turkey meatballs with sauce, chicken meatballs with sauce, pork meatballs with sauce, and other similar Italian products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers such as Costco, Publix, Shop Rite, Price Chopper, Redners, Pathmark, A&P, Waldbaums, Food Emporium, Whole Foods, Shaw's Supermarkets, Kings, Key Foods, Giant Eagle, Stop-n-Shop, Giant Stores, Food Town, Kroger, Winn Dixie, Market Basket, Albertsons, Shoppers, Wal-Mart, Marsh's Supermarkets, Bashas, Bi-Lo, Central Markets, Weis Markets, Ingles, and The Fresh Market. For more information visit the company's website at www.mamamancinis.com.

Forward Looking Statements
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 December 31, 2013 and other filings made by the Company with the Securities and Exchange Commission.

SOURCE MamaMancini's Holdings, Inc.