Total of 226 machines sold for the quarter representing $2,240,750 in
deferred revenue for the first quarter of fiscal year two as a public
company
SAN DIEGO -- (Business Wire)
Fresh
Healthy Vending International, Inc.(OTC
Markets: VEND), North America’s leading healthy vending franchisor,
closed September with the addition of 120 combo machines booked to
deferred revenue, representing nine newly appointed franchisees.
The 120 combo machines represent approximately $1.170 million in
anticipated revenue and also represents one of our top ten months since
inception.
“Fresh Healthy Vending continues to show strong results based on the
fundamental initiatives implemented in our previous fiscal year,” states
newly appointed CEO, Art Budman. “Additionally, the healthy initiatives
being emphasized by schools, government offices and the ever-increasing
customer awareness nationwide, are contributing to our demand.”
The Fresh Healthy Vending machines booked in September will be installed
in locations such as school campuses, community centers, military bases,
office break rooms, government offices and more.
This follows the news that California Governor Jerry Brown signed Senate
Bill 912 (SB 912) to ensure that healthy food and drink options are
offered in all vending machines located on state property. The
legislation aims at combatting California’s diet-related public health
crisis.
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 more than 180 active
franchisees throughout the United States, Canada, Puerto Rico and the
Bahamas, and actively looks to partner with like-minded entrepreneurs
who share its vision.
The Company offers three different vending options: (i) the Healthy
Vending Combo snack and drink machine, (ii) the Healthy Vending Touch -
a 46” 3D interactive touch screen vending machine, and (iii) the Fresh
Micro Market.
The Company has booked over 2,300 machines for placement in schools,
universities, hospitals, community centers, military bases, airports,
fitness facilities, YMCAs, libraries and many other locations.
Fresh Healthy Vending provides a comprehensive integrated business model
that:
1. Has an integrative focus on securing qualified locations for vending
machine placement on behalf of franchisees;
2. Has an in-house products department which creates specialized menus
specific to each location;
3. Has a corporate owned machine division to provide an independent
revenue stream separate from franchise sales;
4. Provides franchisees with best practices obtained and enhanced by
experience of directly operating machines and managing routes;
5. 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 on 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,
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 annual report on
Form 10-K for the fiscal year ended June 30, 2014 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.
Contacts:
Fresh Healthy Vending International, Inc.
Joel Ellazar, 858-210-4236
Joel.Ellazar@FreshVending.com
Source: Fresh Healthy Vending International, Inc.
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