SAN DIEGO, CA--(NewMediaWire - Mar 6, 2017) - Generation
NEXT Franchise Brands (OTCQB: VEND) has announced that it has launched
Generation NEXT Vending Robots Inc., an internal subsidiary whose
purpose will be the creation, development and manufacturing of new
robotic vending concepts that will utilize the many features from
recently acquired design and utility patents.
With the overwhelming interest and growth of Reis & Irvy's
(www.reisandirvys.com), a fully-automated
robotic frozen yogurt vending machine franchise, Generation NEXT
decided to increase its focus towards other products that could
utilize the patents it owns that not only cater to frozen
confectionary but also, and broadly, to "food and beverage."
Generation NEXT Vending Robots Inc., will be solely focused on the
creation, development and manufacturing of a new range of robotic
vending machines.
With the addition of the recently acquired patents, the
company's portfolio now includes utility and design patents that
relate to robotic vending technology. US Patent No. 7,896,038
covers a frozen confectionary vending machine and a method for
vending frozen confectionary products. In addition, US Patent
No. 8,989,893 covers a vending machine for assembling and
delivering food and drink products. Design patents US D643,861
and US D647,926 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 stations.
With these patents now exclusively held by Generation NEXT
Vending Robots Inc., the company is looking to provide
ground-breaking, never seen before robotic vending solutions that
will showcase an assortment of technologies specifically aimed to
change the future of food and beverage automation.
"With the ownership of these patents, Generation NEXT Franchise
Brands and more specifically our newly-formed Generation NEXT
Vending Robots Inc., is poised to change the landscape of robotic
vending technology," said Nick Yates, the company's Chairman and
Founder. "Our goal is to identify food and beverage consumables,
like we have already with frozen yogurt and ice cream, that can be
delivered using our patented robot vending technologies.
Our objective is to identify consumables that are subject to
brick and mortar infrastructure that we feel need a little
disruption."
While the company is embracing its growing role in changing the
future landscape of robotic vending, Generation NEXT also
recognizes that they cannot tackle (nor develop) every niche
opportunity within the growing market. With that realization, the
company will also be exploring unique licensing opportunities with
other companies who wish to take advantage of the broad scope of
the Patents owned. This approach will allow the company to
keep its finger on the pulse of all robotic vending applications
that revolve around frozen confectionary, food and beverages.
For more information on 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 kiosk brand and Generation NEXT
Vending Robots, our newly established owner/operator model. 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 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.