SAN DIEGO, CA--(NewMediaWire - Sep 19, 2016)
- (OTCQB: VEND) --
Generation NEXT Franchise Brands announced today that the company
closed out August with $1,815,000 in franchise bookings. The
performance marks the continuation and expansion of their
newly-launched frozen yogurt robot kiosk concept Reis &
Irvy's.
The Reis & Irvy's Froyo Robot concept accounted for 52 units
sold in August and represented the addition of 13 new franchisees.
Since its launch in May, 2016 Reis & Irvy's has appointed 59
new franchisees. Generation NEXT now maintains a network of 305
total franchisees between both its franchise brands, including
Fresh Healthy Vending which operates 246 franchises.
"I am excited to report that we are continuing our already solid
start to fiscal 2017, which has seen the completion of our recent
name change and the launch of our second franchise concept. We have
recorded $7,199,000 of deferred revenues since the launch of Reis
& Irvy's," said Nick Yates, Chairman of Generation NEXT
Franchise Brands. "Our quest now is to match these amazing
robots with even more amazing locations for our franchisees."
That quest is one that Reis & Irvy's will be kicking into
high gear almost immediately. In fact, beginning next month, the
brand will be launching a comprehensive messaging campaign across
multiple platforms that include print advertising (with multiple
cover stories), strategic online marketing, national event
sponsorships and location-focused messaging aimed at marrying Froyo
Robots together with the ideal location.
"Our Froyo Robots revolutionize the customer experience within
any location they are placed," says Paul Schmidt, Chief Marketing
Officer for Generation NEXT Franchise Brands. "Whether it's a mall,
movie theater, grocery store, hospital, convenience store, tourist
attraction or college campus, a Reis & Irvy's Froyo Robot
enhances the customer environment and allows us to provide endless
opportunities to both our franchisees and to their respective host
locations. Opportunities that go well beyond profitability, but
rather forge greater customer retention, increased traffic and
brand loyalty. That is the core foundation for our newly focused
brand campaign and one which we are excited to announce."
For more information on Generation NEXT Franchise Brands or
their family of brands including Reis & Irvy's, Fresh Healthy
Vending or 19 Degrees, please visit www.gennextbrands.com or call toll free
888-902-7558.
This information is not intended as an offer to sell, or the
solicitation of an offer to buy, a franchise. It is for information
purposes only. No Reis & Irvy's franchises will be sold to any
resident of any state until the offering has been exempted from the
requirements of, or duly registered in and declared effective by,
such state and the required FDD (if any) has been delivered to the
prospective franchisee before the sale in compliance with
applicable law. Currently, the following states in the United
States regulate the offer and sale of franchises: California,
Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York,
North Dakota, Oregon, Rhode Island, South Dakota, Virginia,
Washington, and Wisconsin. If you reside in one of these states, or
even if you reside elsewhere, you may have certain rights under
applicable franchise laws or regulations.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, based in San Diego,
California, is a publicly traded company on the OTC Markets trading
under the symbol: VEND. Generation NEXT Franchise Brands is parent
company to Fresh Healthy Vending LLC, the market's leading
healthy-choice vending machine franchise, Reis and Irvy's LLC, the
world's first robotic frozen yogurt vending kiosk and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts a
combined total of 305 active franchisees throughout the United
States, Canada, Puerto Rico and the Bahamas, and continually looks
to partner with like-minded entrepreneurs who share its vision.
Generation NEXT Franchise Brand's stock is traded on the OTC
Markets under the symbol:
VEND.
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 Generation NEXT's actual
results are described in Generation NEXT's filings with the
Securities and Exchange Commission, including its most recent Form
10-Q's for the quarterly periods ended March 31, 2016, December 31,
2015 and September 30, 2015, and its annual report on Form 10-K for
the fiscal year ended June 30, 2015. All forward-looking statements
in this news release speak only as of the date of this news release
and are based on Generation NEXT's current beliefs and
expectations. Generation NEXT 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.