San Diego, CA -- October 30, 2017 -- InvestorsHub NewsWire --
Generation NEXT Franchise Brands, Inc. (OTCBB: VEND) announced today that it has
completed and secured a master international licensing agreement
within Canada for its Reis & Irvy's frozen yogurt concept. The
agreement, which represents over $18M in revenue if certain
purchase objectives are met, is the third in a growing
international expansion effort by the San Diego-based franchisor.
In the past three and half months, the company has successfully
expanded the revolutionary robotic frozen yogurt franchise into
three international markets including Israel, the territory of Oman
and as of today, within neighboring Canada.
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
180 franchisees across the U.S.
Canadian nationals Brett Beninger, Keegan Downer, and Alex
Statten, through their company, Froyo Vending Canada, Inc., will
serve as an exclusive master franchisee of Reis & Irvy's Froyo
Robots within Canada for a period of five years under the terms of
the licensing agreement. If Froyo Vending Canada achieves a certain
number of annual purchase objectives, Generation NEXT Franchise
Brands will generate a minimum of $18,120,000 in future revenues.
Specifically, through their entity, Mr. Beninger and Mr. Downer
must purchase a minimum of 500 total units during the 5-year term.
The duo will represent the frozen yogurt/ice cream robot technology
in Canada using the Reis & Irvy's brand (www.reisandirvys.com).
The partnership comes at a time when frozen yogurt, ice cream
and frozen confections are of growing interest in the Canadian
market. After a somewhat unchanging landscape, frozen yogurt demand
has recently increased and is projected to continue over the next
five years, as Canada's per capita disposable income rises,
allowing consumers to splurge on premium-priced frozen treats. In
fact, among dairy products within Canada, frozen yogurt has shown
to have the highest per capita consumption since the early
1990's1.
That's a trend and a wave of popularity that the two Canadian
entrepreneurs hope to accelerate further with Reis &
Irvy's.
"We could not be more excited and thankful to have signed this
deal with such a well-organized and supportive company as
Generation Next Franchise Brands," said Beninger. "These robots are
truly revolutionary, and like everyone else, we know it's going to
change to frozen yogurt landscape for the better and forever. We
have never seen a franchise that can be sold with such confidence
that all franchisees can be very successful."
Downer added, "Our team is already moving full speed ahead to
secure locations and bring franchisees into the Reis & Irvy's
Canada team. The excitement around how lucky we feel to be able to
exclusively represent this franchise to our country is
unmeasurable."
The two plan to expand the brand even further through separate
franchises under their direction and will ambassador and position
the brand for consumer awareness and concept expansion. Beninger,
Downer and Statten 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
"We continue to identify energetic, successful and very
passionate partners to represent us in their respective countries
and promote the Reis & Irvy's brand," said Nick Yates, Chairman
and Founder of Generation NEXT Franchise Brands. "Next year we
begin placing units in the US, Israel, Oman and now Canada and we
foresee continued growth around the globe for a concept that will
very likely disrupt the retail frozen yogurt and ice cream industry
forever."
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.
About 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 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. 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, 2017,
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.
1 Source:
Alberta.ca, Department of Agriculture: "Consumer Corner: Yogurt Market: Status and
Consumption Trends"