Fresh Healthy Vending International, Inc. Reports March Sales of 96 Healthy Vending Machines
The Category Leader Sells 54 Machines, or over $450,000, more in its Fiscal Third Quarter than in the Same Quarter of the Prior Year
SAN DIEGO - April 01, 2014 - (BUSINESS WIRE) - Fresh Healthy Vending International, Inc. (OTC Markets: VEND), North America's leading healthy vending franchisor, concludes March 2014 with sales bookings of 96 Fresh Healthy Vending machines to six new and two existing franchisees, as well as a sale to an existing corporate partner. The Company finished its fiscal third quarter ended March 31, 2014 with sales bookings for 187 machines approximating $1,873,000 in anticipated future revenues. This represents an increase of 54 machines or $467,850 in anticipated future revenues when compared to the same quarter of the Company's prior fiscal year.
"We could not be more pleased with the outcome of this month's sales; it truly speaks volumes for the vast opportunities that lie ahead for Fresh Healthy Vending and our growing franchise and corporate operations programs," said Alex Kennedy, CEO of Fresh Healthy Vending.
The new business owners who purchased Fresh Healthy Vending franchises last month will own and operate machines in their respective territories within Florida, Michigan, Nevada, Connecticut, Virginia, Hawaii and Puerto Rico.
"The immense opportunity that lies within the healthy vending industry right now is clear; the concept is booming," said new Fresh Healthy Vending Franchisee Jason Harris. "What is most important is choosing the right company that takes this concept to new heights; Fresh Healthy Vending is doing just that and is dominating the market."
Harris, who now owns 13 machines for operation in Hawaii, is one of six new franchisees to join the Fresh Healthy Vending team this month.
"With a sustainable business model for managing franchises and corporate operations, Fresh Healthy Vending is a company that I am proud to be a part of, as it flourishes both domestically and internationally," said Harris. "It's the tools Fresh Healthy Vending can provide to me, as a franchisee, that will allow me to better the overall well-being of my community. That's where it really hits home for me."
Included in the sales completed in March, was the sale of 10 Fresh Healthy Vending combo machines to 2014 Super Bowl Champion, Seattle Seahawks' Michael Robinson. Continuously aspiring to encourage today's youth to lead healthy lifestyles through knowledge and education, the Seattle Seahawks' fullback will use his Fresh Healthy Vending franchise, Healthy Treats, to complement his youth-oriented foundation: Excel to Excellence.
"We've booked 187 and 178 machines sales representing approximately $1,873,000 and $1,861,000 in anticipated future revenues during our third and second quarter of this fiscal year. These appear to be the initial results from the restructuring activities that we undertook during our first fiscal quarter and we expect to begin realizing increases in revenues in future quarters as we execute and deliver machines against these sales bookings. March 2014 was the best single month of sales in over two years for the company," stated Mark Cole, the Company's chief financial officer.
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 a 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 215 franchisees throughout the United States, Canada, Puerto Rico and the Bahamas and is looking to partner with like-minded entrepreneurs who share its vision.
The company offers three different machines: The Healthy Vending Combo snack and drink machine, Healthy Vending Café that brews gourmet hot beverages in less than 40 seconds, and the brand new Healthy Vending Touch - the only 46" 3D interactive touch screen vending machine.
The company has more than 2,500 machines installed in schools, universities, hospitals, community centers, military bases, airports, fitness facilities, YMCAs, libraries and many other types of 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 that serves to provide an independent revenue stream
- 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.
Forward-Looking Statements 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, such as the anticipated completion of the proposed acquisition of Micro Market assets from Corporate Refreshment Services, LLC and our intent to increase the number of company-owned micro-markets, 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. As a consequence no assurance can be given that this proposed acquisition transaction will close. 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 International, Inc.