Fresh Healthy Vending International, Inc. Books 87 Machines in May from Six New Franchises, and One Current Franchise
June 04 2014 - 5:00AM
Business Wire
The announcement of last month’s bookings comes
just after the leading healthy vending franchisor released news of
its proprietary Fresh Micro Market launch, and entry into a
non-binding Letter of Intent with a proposed Master Franchise
partner in Australia
Fresh Healthy Vending International, Inc. (OTC Markets: VEND),
North America’s leading healthy vending franchisor, concluded May
with the addition of six new franchises and 87 machines booked to
deferred revenue.
The 87 machines, representing approximately $922,600 in
anticipated revenue, were committed by six new franchises,
aggregating 83 machines, and one current franchise added the
balance. The Company expects that these new machines will increase
its national footprint, and its ability to recognize further
recurring revenues from ongoing royalties.
“Fresh Healthy Vending delivered a strong finish to May, and we
are pleased with the results,” said Alex Kennedy, CEO of Fresh
Healthy Vending International, Inc. “This year we are realizing the
beneficial impact of changes made to our 2013 model.”
In additional news, May also marked the launch of the Company’s
proprietary Fresh Micro Market, and its announced non-binding
Letter of Intent entered with a proposed Master Franchise partner
for the territory of Australia.
The Fresh Micro Market is an unstaffed, fully automated
self-checkout retail market, stocked regularly with healthy snacks
and complete meal options that can be customized to support company
wellness programs and meet employee preferences. Designed by and
manufactured for Fresh Healthy Vending exclusively, to
state-of-the-art standards, the Company's Fresh Micro Market option
is now available, via www.freshmicromarket.com.
For more information on Fresh Healthy Vending, the franchise
program, or to receive a free healthy vending machine in your
school or business, visit www.freshvending.com or call toll free
888-902-7558.
About Fresh Healthy Vending
Fresh Healthy Vending, based in San Diego, California, is North
America’s leading healthy vending franchisor. Fresh Healthy Vending
pioneered the concept of vending machines stocked with
tried-and-tested fresh, healthy snack options and capitalizes on a
growing market of health conscious consumers. The Company has
appointed more than 230 franchisees throughout the United States,
Canada, Puerto Rico and the Bahamas and actively looks to partner
with like-minded entrepreneurs whom share its vision.
The Company offers three different vending options: The Healthy
Vending Combo snack and drink machine, the Healthy Vending Touch -
a 46” 3D interactive touch screen vending machine, and the Fresh
Micro Market.
The Company has installed machines in more than 2,500 schools,
universities, hospitals, community centers, military bases,
airports, fitness facilities, YMCAs, libraries and many other
locations.
Fresh Healthy Vending believes that it is currently the only
vending company providing a comprehensive integrated business model
that:
- Has an integrative focus on securing
qualified locations for vending machine placement on behalf of
franchisees;
- Has an in-house products department
which creates specialized menus specific to each location;
- Has a corporate owned machine division
to provide an independent revenue stream separate from franchise
sales;
- Provides franchisees with best
practices obtained and enhanced by experience of directly operating
machines and managing routes;
- Delivers a one of a kind franchise
coaching program to assist franchisees with developing their
healthy vending business using the company’s Steps to Success
Program.
Fresh Healthy Vending’s stock is traded through the OTC Markets,
Symbol: VEND.
For more information on Fresh Healthy Vending, the Franchise
Program, or to receive a free healthy vending machine in your
school or business, visit www.freshvending.com or call toll free
888-902-7558.
Cautionary note on forward-looking statements
Except for historical information contained in this release,
statements in this release may constitute forward-looking
statements regarding assumptions, projections, expectations,
targets, intentions or beliefs about future events that are based
on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company
believes that expectations are based upon reasonable assumptions,
there can be no assurances that goals, results and strategy will be
realized. Numerous factors, including risks and uncertainties, may
affect actual results and may cause results to differ materially
from those expressed in forward-looking statements made by the
Company or on its behalf. In addition to statements, which
explicitly describe risks and uncertainties, readers are urged to
consider statements labeled with such terms as "believes,"
"belief," "expects," "intends," "feels," “anticipates," "proposes,"
"proposed," or "plans" to be uncertain and forward-looking. More
detailed information on these and additional factors that could
affect Fresh Healthy Vending's actual results are described in
Fresh Healthy Vending's filings with the Securities and Exchange
Commission, including its most recent annual report on Form 10-K
for the fiscal year ended June 30, 2013 and those referenced in its
Forms 10-Q filed for the quarterly periods ended September 30,
2013, December 31, 2013 and March 31, 2014. All forward-looking
statements in this news release speak only as of the date of this
news release and are based on Fresh Healthy Vending's current
beliefs and expectations. Fresh Healthy Vending undertakes no
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by law.
Fresh Healthy VendingChristine Takara,
888-902-7558Christine.takara@freshvending.com