Fresh Healthy Vending International, Inc. Reports Highest Monthly Bookings Since September 2012
Leading Healthy Vending Franchisor Closes June with Bookings of 124 Machines from Nine New and Two Current Franchisees
SAN DIEGO - July 02, 2014 - (BUSINESS WIRE) - Fresh Healthy Vending International, Inc. (OTC Markets: VEND), North America's leading healthy vending franchisor, concluded June with the addition of nine newly appointed franchisees and 124 machines booked to deferred revenue. June's machine bookings marked the highest total for the Company since September 2012.
The 124 machines, representing approximately $1,248,500 in anticipated revenue, were committed by nine new franchisees, aggregating 117 machines, and two current franchisees, adding the balance of seven machines.
For the quarter ended June 30, 2014, the Company booked 254 machines representing approximately $2,613,850 in deferred revenue. This compares to 87 machines and $908,850 in deferred revenue for the quarter ended June 30, 2013.
"The momentum we generated with May bookings carried into June, and we believe our Company is positioned for growth in the current year," said Alex Kennedy, CEO of Fresh Healthy Vending International, Inc. "With the federal mandate on school nutrition officially taking effect this month, and our increasing location contracts with schools, we believe prospective franchisees will be attracted to the opportunity of bringing healthy vending to their communities and schools throughout the country."
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 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: (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 installed machines in over 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:
- 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 to provide an independent revenue stream separate from franchise sales;
- 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.
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, 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