SAN DIEGO, CA--(NewMediaWire - Apr 6, 2016) - Fresh Healthy
Vending International, Inc. (OTCQB: VEND) (soon to be Generation NEXT Franchise
Brands) announced today its 2016 Q3 results, highlighted by
impressive sales and premiere location procurement. After showing
consistent strength out of the gate in both January and February,
Fresh Healthy Vending closed out the quarter with an impressive 277
vending units sold, representing $2,788,000 in deferred revenue.
Fiscal Q4, 2015 saw 279 machines sold for $2.8 million
in deferred revenue. In addition to impressive bookings, the
company further expanded both its reach and operator network alike,
adding 257 secured locations across the country and over 22 new
franchisees to the FHV family, continuing a successful trend for
the company.
"As a June 30 reporting entity, Fiscal Q3 was a success for the
company, booking near record franchise sales numbers. We continue
to consistently secure a diverse range of new healthy vending
machine and micro market locations for our franchisees, attracting
high profile customers such as the NBA's OKC Thunder and the
Lincoln Center in New York City as examples," said Nick Yates,
chairman of Fresh Healthy Vending. "One area the company will be
focusing on in the next quarter is finding ways to increase the
number of units we install, which will result in increased
revenues. Our shareholders deserve to see revenue being recognized
versus sitting in a deferred basket on our books. To achieve this,
the company will continue its capital raising efforts, among other
programs in place, to facilitate this need. Overall, I am
pleased with the company's performance over the last three months
and look forward to finishing the fiscal year on a positive
note."
That performance and expansion will be coming not only in the
form of sales and franchises, but also in the form of a company
wide commitment to gaining national visibility for its franchisees,
its brand, and more importantly, its message.
"We have taken a close look at expanding our marketing and brand
awareness initiatives to support our franchisees on a national
level," said Paul Schmidt, chief marketing officer for Fresh
Healthy Vending. "Just last month, we joined forces with national
wellness advocate groups in support of a family wellness initiative
featured in USA Today, which is just one example of our focus on
providing national visibility and support to our franchise network
and our brand."
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 to serve the growing
market of health-conscious consumers. The Company has over 250
active franchisees throughout the United States, Canada, Puerto
Rico and the Bahamas, and continually looks to partner with
like-minded entrepreneurs who share its vision.
The Company has booked over 3,000 machines for placement in
schools, universities, hospitals, community centers, military
bases, airports, fitness facilities, YMCAs, libraries and many
other locations.
Fresh Healthy Vending's stock is traded on the OTC Markets,
Symbol: VEND.
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,
terms and availability of financing, 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 Form 10-Q's for the quarterly periods ended December 31,
2015 and September 30, 2015, and its annual report on Form 10-K for
the fiscal year ended June 30, 2015. 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.