Fresh Healthy Vending Inks Non-Binding Term Sheet for Exclusive Rights To Revolutionary Frozen Yogurt Robot Kiosk
Source: InvestorsHub NewsWire
SOURCE: Fresh Healthy Vending International, Inc.
Fresh Healthy Vending International, Inc.
The Company Will Also Develop an Entirely New Franchise Concept for the Frozen Yogurt Machines
SAN DIEGO, CA--(NewMediaWire- Jan 5, 2016) - Fresh Healthy Vending International, Inc. (OTCQB: VEND), the leading franchisor of healthy-alternative vending machines and micro markets, announces it has signed a non-binding term sheet with Robofusion, for the exclusive franchise distribution rights of the Reis & Irvy's frozen yogurt robot kiosk in the United States and Canada, excluding Puerto Rico.
The Fro-Style 9 Cube, the latest offering from Robofusion's interactive robotic kiosks, maintains a footprint of just 12 square feet, but packs quite a punch. The Cube is fully automated, delivering up to 60 servings per hour of customized frozen yogurt goodness. Customers can layer or blend up to three froyo flavors (of nine options) and choose from six toppings.
Fresh Healthy Vending intends to develop an entirely new franchise concept for the frozen yogurt kiosks. With a signed term sheet, the Company will immediately commence preparing and negotiating a definitive license agreement. The Company intends to start marketing the new concept in the spring of 2016, with delivery of the first kiosks in the fall of 2016.
"As the pioneer in the fresh healthy vending space, we were looking for that next great idea that could diversify our Company's offerings and increase our future growth potential. We believe that the Reis & Irvy's Kiosk does just that!" said Nicholas Yates, Chairman and founder of the Company. "We have already developed our corporate infrastructure and therefore, we believe that layering another concept on top of our core competencies will allow for us to spread those corporate costs over a larger base of revenues."
Fresh Healthy Vending has proven its ability to not only package and sell franchises but also secure high quality locations for its franchised vending machines and micro markets. The Company believes the same will hold true for the new Frozen Yogurt Kiosk which is intended for public, high traffic destinations such as hospitals, amusement parks, museums, airports and retail establishments.
"As the world leader in the engineering and manufacturing of interactive robotic kiosks, with deployments both domestically and internationally," said Allan Jones, CEO of Robofusion and creator of the Frozen Yogurt Kiosk. "We have now found the perfect partner with Fresh Healthy Vending and their proven ability to market, procure locations and install kiosks."
About Fresh Healthy Vendingx
