Reis & Irvy’s Frozen Yogurt Vending Robots are
the Industry’s First to Add Crypto Payment Options, Making it
Possible to Turn Digital Funds into Delicious Frozen
Yogurt.
San Diego, CA -- March 12, 2018 -- InvestorsHub NewsWire -- Reis
& Irvy’s, Inc., a subsidiary franchise concept
of Generation NEXT Franchise Brands, Inc. (OTCB: VEND),
announced today that it will be the world’s first mainstream
vending machine company to accept cryptocurrencies in exchange for
a range of delectable frozen yogurt and ice cream consumables.
Cryptocurrencies are a new form of tender that only exist digitally
and have no central regulating authority. Instead, digital
currencies, which rely on cryptography to prevent counterfeiting,
use a decentralized system to record transactions and manage the
issuance of new units. Over the last year, cryptocurrencies reached
mainstream popularity with Bitcoin and continue to be a very hot
topic in the media.
The Reis & Irvy’s vending robots will be equipped with the
capability to accept several types of cryptocurrencies including:
Bitcoin (BTC), Bitcoin Cash (BTH), Litecoin (LTC), and Ethereum
(ETH). The first Reis & Irvy’s robots will arrive at nearly
1000 select locations across the United States this spring and
summer.
The user interface on the robots is simple. Customers will
experience a colorful and interactive 10-inch iPad touchscreen on
which they may place their frozen yogurt and ice cream orders with
a variety of flavors and toppings. At the checkout screen,
customers will have the option to pay with cash, credit card, Apple
Pay, Google Wallet or via crypto payment. After much research and
vigorous testing, the Reis & Irvy’s development and integration
team has devised a solution that will automatically generate a QR
code for customers to scan using their Coinbase wallet on their
mobile device. This groundbreaking technology further
solidifies the Reis & Irvy’s franchise brand as true
revolutionary in the technology of vending robots. Finally, any of
the estimated 11 million Coinbase customers will have the
opportunity to exchange their cryptocurrencies into tasty frozen
treats.
“Not only is using the Coinbase app easy and fun, but it is
fast,” said Nick Yates, Chairman of Generation NEXT Franchise
Brands. “Although it can vary, our initial tests show that the
software takes less than 5 seconds to process for Bitcoin Cash and
Litecoin transactions. Additionally, these cryptocurrencies boast a
low transaction fee of only 3 cents or less. Our preliminary tests
show that Bitcoin and Ethereum, which can also be utilized through
Coinbase, aren’t processing quick enough at this time and, in our
opinion, the fees still seem to categorize themselves as more of
asset class then as a currency. Our Reis & Irvy’s
franchisees can now capitalize on the new technology, generate more
revenue, drive excitement and enhance the customer experience.”
For more information on the revolutionary FroYo Robots or to
learn more about how you can own your own Reis & Irvy’s FroYo
Robots, please visit us at www.reisandirvys.com, or call toll
free 888-902-7558. Follow us on Twitter @Reisnirvys, on Facebook
@reinandirvys and on Instagram @reisnirvys.
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.
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 frozen yogurt robots and our ability to
grow our franchising and licensing divisions and
launch our corporate-owned and direct sales platforms. 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.
Media Contact: Lisa Delaney 949-500-6752 lisa.delaney@gennextbrands.com