TMCnet News
Fresh Healthy Vending International, Inc. Reports First Quarter Fiscal 2015 ResultsSAN DIEGO --(Business Wire)-- Fresh Healthy Vending International, Inc. (OTC Markets: VEND), North America's leading healthy vending franchisor announced financial results for the quarter ending on September 30, 2014.
"Although our first fiscal quarter revenue was down 8.3% over the same
period in the prior year, we are encouraged by the strong execution in
bookings of 216 machines this fiscal quarter vs. 91 machines in the same
period last year. Furthermore, we saw a significant increase in customer
deposits and deferred revenue to $5,803,265 at September 30, 2014,
compared to $2,934,375 at September 30, 2013." Financial Highlights:
Product and Business Highlights:
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 185 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 has placed over 2,300 machines 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. 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 Form 10-Q for the quarterly period ended September 30, 2014 and its annual report on Form 10-K for the fiscal year ended June 30, 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.
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