Fresh Healthy Vending International, Inc. (VEND: OTCQB) | Fresh Healthy Vending International, Inc. Reports First Quarter Fiscal 2015 Results

OTC

Fresh Healthy Vending International, Inc. Reports First Quarter Fiscal 2015 Results

Nov 14, 2014

OTC Disclosure News Service

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.

  • Q1 fiscal 2015 revenue of $1,854,867, down 8.3% year-over-year.
  • Q1 fiscal 2015 bookings of 216 machines compared to 91 machines in the
    comparable period of the prior year, representing an increase of 137%.
  • Customer deposits and deferred revenue of $5,803,265 at September 30,
    2014 as compared to $2,934,375 at September 30, 2013. This represents
    an increase of 98% year-over year. Customer deposits and deferred
    revenue represents anticipated future revenue through franchisee
    prepayments.

“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.”
– Art Budman, CEO of
Fresh Healthy Vending International, Inc.

Financial Highlights:

 

 

Quarter Ended

September 30, 2014

 

 

September 30, 2013

Revenue

$

1,854,867

$

2,022,381

Net (loss)

$

(251,363

)

$

(241,980

)

Net (loss) per share

$

(0.01

)

$

(0.01

)

Cash flow used in operations

$

(107,408

)

$

(1,111,136

)

 

Product and Business Highlights:

  • Fresh Healthy Vending demonstrates the power of its brand as bookings
    increased 137% year-over-year.
  • Micro markets gain traction as we commence roll-out of Company-owned
    units.
  • Lead generation from numerous countries highlight international demand
    as we continue to evaluate our foreign market strategy.

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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