Generation Next Franchise Brands Inc. (fka VEND)

[JTORENCE]

NEWS OUT -UPDATE

Fresh Healthy Vending, International Inc. Announces 101 Secured Location Contracts on Behalf of Franchise Network During Month of April
5:11a ET May 7, 2014 (GlobeNewswire) Print


via PRWEB - Fresh Healthy Vending International, Inc. (OTC Markets: VEND), North America's leading healthy vending franchisor, announces the successful procurement of 101 location contracts in the month of April (an indicator of machine installs in coming months and corresponding revenue recognition) for its franchise network and corporate-owned operations division. Fresh Healthy Vending provides extensive locations services that include a team of dedicated locations procurement specialists to secure prime vending location contracts for the company's network of franchisees.

"As a leader in this progressive industry, we attribute a large portion of our growth to the persistent work of our locations department. Securing schools, community centers, after-school programs and other local businesses give our franchisees the ability and freedom to focus on other aspects of their business and not be burdened with seeking out locations on their own," said Alex Kennedy, CEO of Fresh Healthy Vending International, Inc. "Securing 334 locations so far in 2014 is an outstanding accomplishment and in our view is a lot of what sets us apart from our competition. Our commitment to our franchisees starts with securing many high performing locations quickly so that they can hit the ground running."

In April, Fresh Healthy Vending also sold three new franchises, as well as upsold machines to three existing franchisees, for a total of 43 machines sold in the month; this after the company recorded its best single month of sales in over two years for March 2014. The 43 new machines, representing approximately $442,750 in sales bookings, will increase the company's national footprint and increase its ability to recognize additional recurring revenues from royalties on new installations.

With schools making up 36 of April's secured locations, Fresh Healthy Vending supports the efforts of the USDA's Smart Snacks in School standards, requiring schools to sell food items that meet certain requirements in relation to calories, sodium, fat and sugar. Fresh Healthy Vending offers an extensive list of snacks and beverages that meet and exceed these requirements. Fresh Healthy Vending's recently launched website platform http://www.freshandhealthy.org caters to the new USDA guidelines and supports any location looking to implement a healthy vending program.

With machines installed in April in several locations throughout his region, Connecticut franchisee John Kuschman is already seeing impressive sales results from his Fresh Healthy Vending combo machines. "Being new to the vending business, Fresh Healthy Vending has been extremely helpful in selecting excellent locations that have exceeded my sales expectations," said Kuschman. "With each location having different needs and stocked with varying selections of popular snack products, I've really appreciated the assistance and direction the company has provided me to foster successful locations and satisfied customers."