SAN DIEGO, CA--(NewMediaWire - Aug 9, 2017) - Generation NEXT
Franchise Brands (OTCBB: VEND) announced today that it has
completed and secured its second international licensing agreement
within a month, adding the Arabic nation of Oman to its list of
growing territories. The company will be licensing its robotic
frozen yogurt vending technology and franchise concept, Reis &
Irvy's, to international franchise group, World of International
Innovators, which is headed up by Fahmy Al Harmaly. Just last
month, Generation NEXT announced its first international debut in
Israel and this newest deal in Oman speaks to the appeal of robotic
vending technology.
Earlier this year, Generation NEXT Franchise Brands launched its
international licensing program for the Reis & Irvy's concept
which was launched within the United States in April 2016. The
high-tech robotic vending machines, which will dispense servings of
frozen yogurt, ice creams and sorbets, topped with six delicious
toppings in under 60 seconds, have seen tremendous response from
the market. Since its debut, Reis & Irvy's has grown to over
175 franchisees across the U.S. and represent 725 pending robot
installations. That market buzz has now expanded across the globe
and is sparking interest and demand from entrepreneurs looking to
become part of the newest innovation in on-demand vending
robotics.
World of International Innovators, established in 2013,
initially started as a company focused on offering total solutions
for the healthy food industry. Throughout the region, the group has
become synonymous with quality, reliability and top-tier customer
service. A foundational attribute that Al Harmaly plans to continue
with the addition of the Reis & Irvy's brand to his group and
that will strengthen their full portfolio of on-demand healthy food
solutions for on-the-go customers and captive audiences throughout
the marketplace.
"The novelty, fun, and unique customer experience that Reis
& Irvy's delivers will be a great match for the demand we have
here in Oman," said Al Harmaly. "Bringing an automated, self-serve
option of healthier frozen yogurt will be a welcomed option within
this particular market and it will revolutionize the way our
customers perceive and consume this very popular consumable."
World of International Innovators will serve as an exclusive
licensee, distributor and operator of Reis & Irvy's Froyo
Robots within Oman for five years under the terms of the licensing
agreement it entered into with Generation NEXT Franchise Brands.
The agreement, if executed fully, is worth $875,000 to Generation
NEXT Franchise Brands, states that the group will purchase a
minimum number of units within the 5-year term and will represent
the frozen yogurt/ice cream robot technology within its respective
territory using the Reis & Irvy's brand
(www.reisandirvys.com).
World of International Innovators will ambassador and position
the brand for consumer awareness and expansion and will be
supported by marketing, training, logistics and operations support
from Generation NEXT Franchise Brands and the Reis & Irvy's
corporate franchising team that will include:
- A source for logistics
Sources for wholesale consumables (yogurt, ice cream, gelato,
sorbet)
Marketing and advertising templates and systems (e.g., Radio,
Print, SEO and Direct Response)
Sales scripts
CRM template for tracking the business from franchisee /
licensee sold through to installation
Online discovery portal template
Operating manuals (online)
Training manuals (online to include video tutorials)
Website template for franchisee / licensee sales and location
procurement
Comprehensive sales / marketing / technical training in San Diego,
California
Comprehensive technical training at companies contract
manufacturing plant
On-site training upon launch
"Slowly but surely we are finding the right partners around the
globe to represent this special technology. Fahmy and his group are
extremely informed on the market trends in Oman, they are
motivated, well connected, and we have no doubts they will be
successful on all levels for the Reis & Irvy's brand."
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
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.
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.