SAN DIEGO, CA--(NewMediaWire - Sep 18, 2017) - Generation
NEXT Franchise Brands, Inc. (OTCQB: VEND) announced today that
it has selected Flex, Ltd. as its exclusive manufacturing partner
for not only the recently launched Reis & Irvy's Froyo Robot,
but for the future development of disruptive robotic vending
technologies.
Flex, Ltd. is the Sketch-to-Scale™ solutions provider that
designs and builds Intelligent Products for a Connected World™.
With approximately $24 billion in annual revenue and 200,000
professionals across 30 countries, Flex, Ltd. provides innovative
design, engineering, manufacturing, real-time supply chain insight
and logistics services to companies of all sizes in various
industries and end-markets. Throughout the world, Flex has provided
manufacturing services for clients that include Redbox, Kodak,
Microsoft, Amazon, Google, Nike, and Bose to name just a few.
Under the new manufacturing services and design services
agreements with Generation NEXT, Flex, Ltd. will provide
engineering and manufacturing services to bring to market the
company's Froyo dispensing vending Robots. Utilizing the prototype
units developed exclusively by Lancer Corporation and scheduled for
certification and validation with both Underwriters Laboratories
and the National Sanitation Foundation, the global manufacturer
will be delivering an initial rollout schedule of 1,000 units of
which 760 were pre-sold by June 30th, 2018 with the first units
being ready for installation in November 2017.
"Flex has been working around the clock to ensure we meet our
installation date targets. They are incredibly proactive, easy to
work with and the culture at Flex represents everything we could
hope for in choosing a partner for our patented robotic vending
technology currently in place and the new technologies we will be
developing next year," said Nick Yates, Chairman and Founder of
Generation NEXT Franchise Brands. "Being included in a power
portfolio with global brands such as Nike, Redbox, Amazon, Bose,
Kodak and Microsoft is not only an honor for us, but a true
realization that our brand and our product has reached a premiere
tier in both growth and demand."
"Kiosks, robotics and smart, connected products are all key
focus areas for Flex. By utilizing our Sketch-To-Scale®
capabilities, we are helping Generation NEXT Franchise Brands
integrate all of these technologies into one product, and bring the
world's first robotic frozen yogurt vending kiosk to the
marketplace," said LeJon Alden-Brown, Sr. Director of Business
Development of Industrial & Emerging Industries at Flex. "We
are very excited to be working with Generation NEXT Franchise
Brands on this project. They are a very passionate company
with positive energy in all levels of their organization, and an
absolute pleasure to work with. We look forward to a long term
partnership and are very pleased to have been chosen as their
exclusive manufacturer and design partner."
Early last year, Generation NEXT launched the franchise concept
Reis & Irvy's frozen yogurt robots, a brand acquired from
Robofusion, Inc. Through the acquisition, Generation NEXT took
ownership of all intellectual property including key utility and
design patents that relate to the robotic vending technology.
Specifically, US Patent No. 7,896,038, which covers a frozen
confectionary vending machine and a method for vending frozen
confectionary products, US Patent No. 8,989,893 covering a vending
machine for assembling and delivering food and drink products and
design patents US D643,861 and US D647,926 which cover a kiosk and
vending machine for assembly of frozen confectionary products. In
addition, the secured patents also include pending U.S. and
international utility and design applications that relate to
confectionary, entertainment and foodstuff dispensing.
Since then, Generation NEXT has presold over 760 Reis &
Irvy's Froyo Robots to an eager and expanding network of over 185
franchisees across the United States and Canada, representing
approximately $27.5M in future revenues. Additionally, the company
recently announced the launch of its international licensing
program and the addition of its first two international master
license agreements within both Israel and Oman.
For more information on Generation NEXT Franchise Brands or
their family of brands, including Reis & Irvy's, 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
informational 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, Inc.
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 the
parent company of: 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 390 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.
About Flex, Ltd.
Flex, Ltd. is a leading Sketch-to-Scale™ solutions company that
designs and builds intelligent products for a connected world. With
approximately 200,000 professionals across 30 countries and a
promise to help the world Live smarter™, the company provides
innovative design, engineering, manufacturing, real-time supply
chain insight and logistics services to companies of all sizes in
various industries and end-markets. For more information,
visit www.flextronics.com or follow Flex on Twitter
@Flextronics.
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. 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.