Fresh
Healthy Vending International, Inc. (OTC
Markets:VEND), North America's leading healthy vending franchisor,
announced today that it has entered into a non-binding term sheet for
the acquisition of an integrated micro-market platform and all existing
micro-market assets and operations from Corporate Refreshment Services,
LLC (CRS). The assets purchase will include all micro-market operations
and assets belonging to CRS including, but not limited to, all
micro-market locations, inventories, accounts receivable, software,
systems and intellectual property.
Upon closing of this proposed purchase, Fresh Healthy Vending plans to
rapidly increase the number of company-owned micro-markets in the San
Diego area. Additionally, the Company expects to begin offering the
integrated micro-market platform to all existing and prospective
franchisees.
Fresh Healthy Vending executives describe the soon to be Fresh
Micro-Market as "a mini whole foods for the office break room." A
micro-market is an unstaffed, self-checkout, mini food store that
integrates seamlessly into an office space. Free to businesses that meet
minimum qualifications, micro-markets are a great option for workplaces
that want to
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Provide a variety of healthy snack and meal options
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Aid in improving employee health
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Promote productivity
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Encourage decreased absenteeism
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Potentially decrease company insurance premiums over time.
Micro-Market Features include:
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Convenient cashless payment methods, including debit, credit and
thumbprint
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Touchscreen technologies
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Employee User accounts
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Camera monitoring, with tiered levels of recording and monitoring
based on security needs
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Secure transactions
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Flexible design, layout, and branding options
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Web-based reporting and monitoring
Completion of this proposed transaction is subject to various conditions
including, without limitation, additional due diligence, board and
regulatory approvals, and negotiating, preparing and entering into a
definitive assets purchase and related agreements. No assurance can be
given that this proposed transaction will close.
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 appointed more than 205
franchisees throughout the United States, Canada, Puerto Rico and the
Bahamas and is looking to partner with like-minded entrepreneurs who
share its vision.
The company offers three different machines: The Healthy Vending Combo
snack and drink machine, Healthy Vending Café that brews gourmet hot
beverages in less than 40 seconds and the brand new Healthy Vending
Touch-the only 46” 3D interactive touch screen vending machine.
The company has more than 2,300 machines installed in schools,
universities, hospitals, community centers, military bases, airports,
fitness facilities, YMCAs, libraries and many other types of locations.
Fresh Healthy Vending believes that it is currently the only vending
company providing a comprehensive integrated business model that:
1. Has an integrative focus on securing qualified locations for vending
machine placement on behalf of franchisees
2. Has an in-house products department which creates specialized menus
specific to each location
3. Has a corporate owned machine division to provide an independent
revenue stream separate to franchise sales
4. Provides franchisees with best practices obtained and enhanced by
experience of directly operating machines and managing routes
5. 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 through 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,
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," 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, 2013 and those referenced in its Form 10-Q filed for the
quarterly period ended September 30, 2013. 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.
Copyright Business Wire 2014