Industry-leading Stoelting will provide a
customized, US-manufactured soft serve hardware solution, supported
by a nationwide network of technicians
San Diego, CA -- January 25, 2018 -- InvestorsHub NewsWire
-- Generation NEXT Franchise Brands, Inc. (OTCB: VEND) announced
today that it entered into a supply agreement with Wisconsin-based
manufacturing company Stoelting Foodservice (a division
of the Vollrath Company, LLC) in which Stoelting will provide
premium soft serve technology and a national service network to
Generation NEXT’s flagship franchise concept, Reis &
Irvy’s.
The Reis & Irvy’s automated robotic vending machines serve
customers seven different flavors of frozen yogurt with a selection
of six custom toppings, all at the point of sale and within 60
seconds. The patented technology will soon be installed in
thousands of high foot traffic locations across the US, Canada,
Israel, and Oman.
Generation NEXT, which recently announced a partnership
agreement with Dannon YoCream™, an exclusive manufacturing
partnership with Flex, Ltd., and a partnership with Pitney Bowes
for logistics, now adds Stoelting to the foundations behind its
revolutionary robotic vending technology. Highlights of the
agreement with Stoelting Foodservice are:
- All customized soft serve units will be manufactured in the
United States.
Each robotic unit will be provided to Reis & Irvy’s franchisees
with the full support of the Stoelting National Service
Network.
All customized soft serve units will come with a 5-year parts
warranty, as well as 2-year field warranty that includes on-site
labor.
All Froyo Robots will feature a 12-gallon hopper unit, allowing for
200+ servings.
All units will be shipped to franchisees stamped by the National
Sanitation Foundation (NSF), the Underwriters Laboratories (UL),
and the National Automated Merchandising Association (NAMA).
Stoelting will provide Hydra Rinse, which uses proprietary
technology to standardize the cleaning and sanitizing process. The
Hydra Rinse system reduces water consumption by 50% and is
environmentally friendly, reducing cleaning time by more than
50%.
“When it comes to soft serve, Stoelting has been the constant
industry leader. In 1939, their engineering team manufactured the
first ever soft serve dispenser for the Home-Made Ice Cream Company
(eventually becoming Dairy Queen) thus pioneering a new market and
captivating consumers throughout the U.S.,” said Nick Yates,
Founder of Generation NEXT Franchise Brands. “Stoelting sees Reis
& Irvy’s as the next captivating evolution in soft serve
distribution, and we see a lot of long-term value in this
partnership.”
Stoelting Foodservice, a global manufacturer of frozen dessert
equipment, shares in the excitement; “This partnership enhances the
already developed technology of the Reis & Irvy's Froyo Vending
Robot so that full-scale production with Flex Ltd. can begin early
2018,” said Rich Koehl, Executive Vice President, General Manager
for Stoelting Foodservice. “We recognize that dependable and
reliable soft serve equipment is an essential element to any
successful vending kiosk project and we are excited to be a part of
the evolution of this particular technology along with producing
the creamiest soft serve for Reis & Irvy's customers who demand
the best tasting frozen treats.”
For more information on the revolutionary Froyo Robots or to
learn more about how you can own your own Reis & Irvy’s Froyo
Robot franchise, visit the Reis & Irvy’s website at
www.reisandirvys.com. To learn more about 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, Inc., 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 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.
About Reis & Irvy’s, Inc.
Reis & Irvy’s, Inc., is a subsidiary franchise concept of
Generation NEXT Franchise Brands, Inc. (OTCB: VEND). Launched in
early 2016, the revolutionary Reis & Irvy’s Froyo Robot vending
machine serves seven different flavors of frozen yogurt, ice cream,
sorbets and gelato’s, a choice of up to six custom toppings and to
customers within 60 seconds or less at the point of sale. The
unique franchise opportunity has since established itself as a
high-demand product and currently showcases a franchise network
both domestically as well as internationally.
About Stoelting
Stoelting Foodservice, a division of The Vollrath Company, LLC,
is an industry leader in frozen dessert equipment, offering a broad
and premium line of soft serve, frozen custard, batch and frozen
beverage dispensing machines that support a wide range of
foodservice venues. For more information about Stoelting, its
products, facilities in the US, Europe and Mexico, and the
foodservice industries it serves, visit
stoeltingfoodservice.com.
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 ability to timely launch delivery and
installation 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
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 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.
Media Contact: lindsey.warriner@ketchum.com