Fresh Healthy Vending International, Inc. Completes its Acquisition, Merger and Fund Raise
Company to be Traded Under Stock Symbol VEND
San Diego, CA (PRWEB) October 01, 2013 - Fresh Healthy Vending International, Inc. (formerly known as Green 4 Media, Inc. - “FHV”) http://www.freshvending.com (OTC Markets: VEND), announced the completion in July 2013 of its acquisition of the assets of FHV Holdings Corp., as well as the completion of the sale of 2,788,369 shares of FHV common stock in exchange for gross proceeds totaling $1,210,000. The acquisition is to be accounted for as a reverse acquisition, thereby essentially reflecting FHV Holdings Corp.’s subsidiary Fresh Healthy Vending LLC as the acquiring company for future financial reporting purposes.
“Since 2006, our mission has been to encourage a healthy lifestyle throughout the United States and beyond,” said FHV’s Chief Executive Officer, Alex Kennedy. “Our decision to become a publicly traded company and raise funding from a new group of investors was designed to further these objectives, as well as give our company increased visibility with public capital markets, our investors, employees and our franchisee partners.”
Nick Yates, Vice President of Corporate Operations also noted, “As a public company, we have opportunities to reach out to a wider circle of stakeholders who did not previously have the opportunity to receive regular updates of our progress toward our goals. Combined with the new funding that has been essential to advance corporate objectives, such as developing our new Fresh Healthy Vending Touch machine and the ability to grow our corporate owned operating model, I could not be more pleased to see FHV begin its new life as a public company.”
About Fresh Healthy Vending International, Inc.
Convenience meets health with Fresh Healthy Vending International, Inc. and its pioneered concept of vending machines, stocked with tried-and-tested fresh healthy snack options. The San Diego-based company offers three different types of machines to private and public establishments across the nation. Current products include the Healthy Vending Combo, Healthy Vending Café and the brand new Healthy Vending Touch; the only 46” 3D interactive touchscreen healthy vending machine.
Fresh Healthy Vending International, Inc. is an operator and franchisor of healthy vending-related products and services. The company has appointed more than 205 franchisees throughout North America, Puerto Rico and the Bahamas.
Fresh Healthy Vending International, Inc.’s stock is traded through the OTC Markets, Ticker Symbol: VEND.
For more information on Fresh Healthy Vending International, Inc., the Franchise Program, or to receive a free healthy vending machine in your school or business, visit http://www.freshvending.com.
Forward-Looking Statement Notice
This press release includes “forward-looking statements” as defined by the U.S. Securities and Exchange Commission (SEC). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the Company’s recent filings with the SEC. Furthermore, the Company does not intend, and is not obligated, to update publicly any forward-looking statements, except as required by law.
Fresh Healthy Vending