SAN DIEGO - June 04, 2014 - (BUSINESS WIRE) - 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.
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:
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.
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 Vending