Fresh Healthy Vending International, Inc. Books 120 Healthy Vending Machines in September
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 - October 01, 2014 - (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:
- 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 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.
Fresh Healthy Vending International, Inc.