SAN DIEGO, CA - June 08, 2017 - InvestorsHub NewsWire -
Generation NEXT Franchise Brands (OTCQB: VEND) announced today that on May 16, 2017, it
appointed San Diego-based D&K Engineering as their exclusive
contract manufacturer for not only the recently launched Reis &
Irvy's Froyo Robot but the future development of alternative
robotic vending concepts and technologies.
D&K Engineering is an international product design and
contract manufacturing services company with a proven track record
of turning innovative ideas into successful reality. Boasting
over 600 successful product realization journeys with an emphasis
on designing and manufacturing specialty smart machines and kiosks
for clients like ecoATM-Gazelle, minuteKEY, and Vengo, D&K
Engineering was a clear choice for Generation NEXT, whose
revolutionary Reis & Irvy's Froyo Robot has launched a
company-focused effort on developing new roads into robotic vending
technology. D&K has also designed and manufactured a range of
medical and life science products, printing and microfluidics,
consumer and industrial and commercial on behalf of clients
including BD, Illumina, Lexmark, Hewlett Packard, Callaway Golf,
Panasonic, Microsoft, Procter and Gamble, and
Halliburton.
"The core identity of D&K is obsessed with overcoming
challenging technical issues and delivering robust, lasting
business solutions," said Nick Yates, Chairman of Generation NEXT
Franchise Brands. "More importantly, they bring decades of
experience developing self-serve retail kiosks and smart machines.
That history, combined with the fact that D&K is right in our
backyard of San Diego, means we can now invite our franchisees,
investors, clients and prospective customers to visit our
headquarters and our manufacturing partner all at the same time.
It's a win-win."
Under the new partnership agreement with Generation NEXT,
D&K will provide engineering manufacturing services to
commercialize the company's Froyo Robots and bring a unique set of
advantages to future Generation NEXT concepts that include:
- Extensive expertise in user interface design and human factors,
yielding devices that are intuitive as well as easier and safer to
use.
Emphasis on making devices that can be easily serviced and
maintained, maximizing uptime and enabling predictive and rapid
repair if issues occur.
Deep understanding of transaction infrastructure, such as for
handling cash or credit card with state of the art data security
and encryption protocols.
Ensuring regulatory compliance, especially for safety and
accessibility.
Comprehensive Internet of Things (IoT) toolkit ready for leverage
in any product setting.
Remote connectivity, with data analytics, performance monitoring,
plus diagnostics ensuring the user experience is optimized and
minimizing the need for service calls as well as pre-empting early
service calls to maximize uptime.
D&K Engineering also boasts an international footprint with
manufacturing facilities in San Diego as well as Singapore and
Malaysia that offer a top-tier global supply chain, complementary
alliances, and partners to assist Generation NEXT's recently
launched International License and Distribution Program. "Having
the ability to manufacture and ship equipment from Asia, as we
begin entering into agreements with partners around the globe
offers us a more cost-efficient approach to global expansion," said
Yates. "We have plans to teach partners around the world how to
replicate our model and support them across all levels of
operations, sales, and marketing."
Last year, Generation NEXT partnered with San Antonio-based
developer Lancer Corp to begin the initial redevelopment and
finalization of the Reis & Irvy's prototypes, with a focus on
revamping and overhauling the robotic marvels to achieve the
highest level of performance.
For more information on the revolutionary Froyo Robots, visit
the Reis & Irvy's website at reisandirvys.com. To learn more
about Generation NEXT Franchise Brands, 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, Inc.,
the world's first robotic frozen yogurt vending kiosk and 19
Degrees, a corporate-focused frozen yogurt kiosk brand. The Company
hosts over 350 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.
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, 2017, December 31,
2016 and September 30, 2016, and its annual report on Form 10-K for
the fiscal year ended June 30, 2016. 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.