Fresh Healthy Vending Begins 2016 With an Impressive January, Booking 106 Machines Representing $1,091,500 in Deferred Revenue
Company Sells 106 Healthy Vending Machines and Micro Markets to Eight New Franchisees
SAN DIEGO, CA - (Marketwired - Feb 3, 2016) - Fresh Healthy Vending International, Inc. (OTCQB: VEND) announced today its January 2016 results, including 106 machine sales to eight new franchisees representing $1,091,500 in deferred revenue. This marks the Company's best-ever results for the month of January. A pending non-binding term sheet to offer a new franchise concept was also unveiled.
"Starting out with such a successful January is a great indication of what we believe is in store this year," said Chairman Nick Yates. "We feel these initial results are proof of the genuine need in the market, our unique concept and the payoff of lots of hard work from everyone on our team. This is just the start we were aiming for in 2016. We truly look forward to many months ahead building on January's successes."
"Becoming a Fresh franchisee made complete sense to me," said new Fresh Healthy Vending franchisee Dan Singh of Stafford, VA who purchased 22 healthy vending combo machines. "I'm doing something I really believe in: providing healthy snack alternatives to my community while building a business that allows me flexibility and financial freedom like never before. I'm very excited about the opportunity and have been truly welcomed into the Fresh family with tremendous business support to ensure my success."
Earlier this month the company made an announcement relating to a non-binding term sheet for a new franchise concept with the innovative Robofusion "Reis and Irvy's" robotic frozen yogurt cube. The unmanned, highly visual "robot" dispenses frozen yogurt in nine flavors with six possible toppings at a rate of up to 60 servings of frozen yogurt per hour. A 3' x 4' ft kiosk on wheels, the Reis & Irvy's Cube combines mobility with economy of scale, optimizing profit margin per-square-foot and yielding potential long term annuities wherever it's installed.
Fresh Healthy Vending aims to continue to add other franchise opportunities to their portfolio as they anticipate a name-change and a repositioning in the market to expand beyond their Fresh Healthy Vending machines and micro markets.
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
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 to serve the growing market of health-conscious consumers. The Company has over 240 active franchisees throughout the United States, Canada, Puerto Rico and the Bahamas, and continually looks to partner with like-minded entrepreneurs who share its vision.
The Company has booked over 2,900 machines for placement in schools, universities, hospitals, community centers, military bases, airports, fitness facilities, YMCAs, libraries and many other locations.
Fresh Healthy Vending's stock is traded on the OTC Markets, Symbol: VEND.
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 Form 10-Q for the quarterly period ended September 30, 2015, and its annual report on Form 10-K for the fiscal year ended June 30, 2015. 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.
SOURCE Fresh Healthy Vending