SAN DIEGO, CA--(NewMediaWire - Aug 3, 2017) - Generation NEXT
Franchise Brands (OTCQB: VEND), whose Reis & Irvy's frozen
yogurt robots launched in April of 2016, commenced fiscal 2018,
with bookings aggregating $2,197,500 in July 2017, representing the
sale of 53 robots to 10 new franchisees. Additionally, the company
secured over 40 location contracts for its franchise network.
Other notable items in July are as follows:
- Reis & Irvy's total franchise network aggregates over 185
franchises;
Reis & Irvy's frozen yogurt robots aggregate over 760
units;
Notable locations secured include in July; University of Tennessee,
Neyland Stadium; Luxor Hotel, Las Vegas; The Mob Museum, Las Vegas;
The Charles H. Wright Museum, Detroit; Stratosphere Hotel and
Casino, Las Vegas; Texas Tech University, Lubbock, Texas; and
Seattle Children's Museum, Seattle, Washington;
The company raised proceeds totaling $626,000 in the form of an
equity offering;
We repaid $461,250 in debt principal during July 2017;
The company's next generation robot prototype commenced performance
testing that included 300,000 cycles for its robotic arm with zero
failures;
The company executed its first international Master License
Agreement for Israel. The Agreement calls for the Israeli Master
Licensee to purchase $3.6 million in robots over the next five
years;
The company released a newly developed Reis & Irvy's video
animation, which will be activated on the 24" screen positioned
inside each robot and which runs for 65 seconds during each
customer transaction.
Visit https://vimeo.com/228136639/fe24d4815e
"Our first month of fiscal 2018 allowed us the opportunity to
grow the franchise network conservatively based on upcoming
production efforts and schedules. We continue securing premiere
locations for franchisees with limited resources available to us in
the form of actual units in the field. We anticipate even better
results once we begin installations during the second quarter of
fiscal 2018," stated Nicholas Yates, Chairman and Founder. "Our
ability to promote the product with actual case studies in the form
of location testimonials and media coverage opens up opportunity on
so many levels. We are also pleased with our efforts to raise a
total of approximately $3 million in the form of equity and will
decide if this is to continue on the same set of terms in the
coming weeks. We are extremely excited about the prospects that lay
ahead and look forward to executing in this transition year."
For more information on the revolutionary Froyo Robots or to
learn more about how you can own your own Reis & Irvy's Froyo
Robot franchise, visit the Reis & Irvy's website
at http://www.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, 19 Degrees, a
corporate-focused frozen yogurt robot brand and Generation NEXT
Vending Robots, our newly established owner/operator model. The
Company has sold over 500 franchises 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
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include, among others, statements
concerning our future financial performance, including statements
regarding fiscal 2018 forecasts, our ability to launch beta testing
and full scale production, our ability to expand our sales
opportunities, and our ability to extend our master license program
with foreign entrepreneurs. The Company bases these forward-looking
statements on its current expectations, estimates and projections
about future events and the industry in which it operates using
information currently available to it. Actual results could differ
materially from those discussed in, or implied by, these
forward-looking statements. Forward-looking statements are
identified by words such as "believe," "anticipate," "propose,"
"expect," "intend," "plan," "will," "may," "estimates," variations
of such words and other similar expressions. In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances are
forward-looking statements. Factors that could cause actual results
to differ from those implied by the forward-looking statements
contained in this press release are set forth in our filings with
the Securities and Exchange Commission (SEC), including our most
recent Annual Report on Form 10-K for the year ended June 30, 2016,
our subsequent Quarterly Reports on Form 10-Q and our Current
Reports on Form 8-K. Be advised that developments subsequent to
this press release are likely to cause these statements to become
outdated and the Company is under no obligation (and expressly
disclaims any such obligation) to update or revise any
forward-looking statements whether as a result of new information,
future events, or otherwise.