Fresh Healthy Vending Adds Reis and Irvy's Frozen Yogurt Robot to Franchise Portfolio
Company Executes Licensing Agreement; Obtains Exclusive Rights to Franchise and Sell the Fro-Yo Kiosks in US and Canada
SAN DIEGO, CA - (Marketwired - Feb 11, 2016) - Fresh Healthy Vending International, Inc. (OTCQB: VEND) announced today a definitive agreement with Robofusion, Inc. for an exclusive licensing deal in the United States of America and its territories (excluding Puerto Rico) and Canada. The agreement names Fresh Healthy Vending ("FHV") as the exclusive franchisor to third parties through franchise agreements as well as a seller to purchasers who will self-operate the Reis and Irvy's frozen yogurt vending kiosks.
The innovative Robofusion "Reis and Irvy's" robotic frozen yogurt cube is a one-of-a- kind, unmanned, highly visual "robot" that 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' kiosk on wheels, the Reis and 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. The machines will first be offered to current FHV franchisees beginning March 2016 and new franchisees thereafter.
"Our business model has evolved somewhat in that we are now identifying new concepts that can be franchised using our current infrastructure, concepts that fit in the category of innovation, next generation and if possible, automation. We are extremely happy to have identified the Reis and Irvy's Cube as our next franchise concept offering, as the model requires the same systems and expertise already in place at Fresh Healthy Vending," said FHV Chairman Nick Yates. "We believe that many of the 240 operational franchisees we already cater to are looking for an opportunity to expand their current offerings and utilize the time spent operating their respective franchises for additional profits. This kiosk is a hit for all ages -- combining innovative technology, a high-demand product and interactive experience. It's right up our alley! The technology is patented and the license is exclusive. Overall, we have very high hopes for this deal."
"Robofusion is extremely proud to partner with Fresh Healthy Vending. The Company's established franchisee footprint, exceptional marketing and growth were all very attractive to us," said Allan Jones, CEO of Robofusion. "FHV has demonstrated a real commitment to be the leader in healthy vending and micro-market categories and we look forward to growing together with our frozen yogurt kiosk technology."
The agreement marks Fresh Healthy Vending's first step in adding 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 in 2016 and beyond.
For more information on Fresh Healthy Vending, new franchise opportunities, 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 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