San Diego, CA -- November 21, 2017 -- InvestorsHub Newswire --
Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) announced today that it has completed an
exclusive territory franchise agreement within Philadelphia for its
frozen yogurt vending concept, Reis & Irvy's. The Philadelphia
agreement and exclusive territory rights will be overseen by
current Reis & Irvy's franchisees, Peter and Stuart Shapiro of
Robotic Desserts, LLC. The agreement, which contains a minimum of
84 Reis & Irvy's "Froyo Robots" over the next five years will
also represent the most units managed by a single franchisee since
the brand launched in early April 2016 and represents a total
contract value of $4,098,000 for Generation NEXT Franchise Brands
(parent to the Reis & Irvy's concept).
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 approximately 200 franchisees within both national and
international markets, and represents over 850 pending robot
installations. The popularity of the Froyo Robots has expanded
exponentially since both current and prospective franchisees were
able to view the completed units earlier this month. That
excitement is now spilling into the marketplace, sparking interest
and demand from entrepreneurs everywhere looking to become part of
the newest innovation in on-demand vending robotics.
The Shapiros (brothers in business and both natives to PA) are
certainly not newcomers to the Reis & Irvy's concept. In fact,
the brothers were one of the first franchises welcomed into the
Reis & Irvy's family when the brand was first launched in 2016.
Both Peter and his brother Stuart anticipate purchasing a total of
100 (16 ordered and 84 more pending purchase objectives are met)
Froyo Robots over the next 5 years, ensuring the Reis & Irvy's
brand will have a substantial footprint within the Philly
market.
"My brother Stuart and I saw the vision and the potential for
this concept since its early debut last year and knew this was the
right opportunity for us and for the marketplace here in Philly,"
said Peter. "We not only wanted to be Reis & Irvy's
franchisees, but we wanted to make a much larger splash than just a
few robots. Our goal and objective was to inject a fleet of these
amazing machines throughout this market and bring visibility and
more importantly, accessibility to a consumer market hungry for
something unique. We're thrilled to now be putting it in
motion."
Robotic Desserts LLC, will serve as an exclusive Franchisee,
distributor and operator of Reis & Irvy's Froyo Robots within
Philadelphia through the end of 2022. The agreement, if executed
fully, is worth approximately $4,098,000 to Generation NEXT
Franchise Brands and states that the group will purchase a minimum
number of 84 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).
"These guys are the crème 'de la crème of franchisees,
enthusiastic, motivated, hard working and full of initiative," said
Nick Yates, Chairman of Generation NEXT Franchise Brands. "We just
spent a couple days with both Peter and Stuart in our first
franchisee training and they filled the room (along with 20 other
franchisees) with so much positive and contagious energy. We are
thrilled to have them representing us in Philadelphia
exclusively."
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 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.
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 robot, 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 600 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 our
manufacturer's ability to maintain the production schedule for our
Froyo Robots and our ability to timely launch delivery of our Froyo
Robots. 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 fillings 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
Quarterly Reports, 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.