Local Entrepreneur Barry Ehlert Plans to Disrupt the Retail
Frozen Yogurt Market with Patented Robotic Vending Technology
San Diego, CA -- April 09, 2018 -- InvestorsHub NewsWire --
Reis & Irvy’s, Inc. (www.reisandirvys.com), a subsidiary
franchise concept of Generation NEXT Franchise Brands, Inc.
(www.gennextbrands.com) (OTCB: VEND), announced today its recently
appointed Canadian licensees have secured a franchise agreement
representing over $5.2M, if certain purchase objectives are met,
for two of Canada’s largest markets. Local investor and
entrepreneur, Barry Ehlert, will have exclusive rights to all Reis
& Irvy’s locations throughout Edmonton and Calgary.
Launched in 2016, Reis & Irvy’s frozen yogurt vending robot
has pre-sold over 1,000 units worth an estimated $40 million in
deferred revenues and is scheduled for mass rollout by
manufacturing partner, Flex Ltd., beginning in April 2018. Reis
& Irvy’s units are capable of delivering frozen yogurt, ice
cream, gelato, acai, frozen ice and custard with toppings within 60
seconds or less. Designed to disrupt brick and mortar frozen yogurt
concepts, Reis & Irvy’s is a self-contained, labor-free retail
store placed within high traffic locations such as amusement parks,
hotels, movie studios, malls, airports, theatres and other
attractions.
As part of its obligations to Generation NEXT Franchise Brands,
the Canada licensees, Brett Beninger, Keegan Downer and Alex
Statten, owners of Reis & Irvy’s Canada, must purchase a
minimum of 500 total units during the 5-year term which equates to
approximately $18,120,000 in future
revenues. https://finance.yahoo.com/news/generation-next-franchise-brands-announces-120000558.html.
This particular sale, in only the licensees’ first three months of
actual trading, represents 16% of the total purchase objectives
which equates to approximately $2,900,000.
“We selected Barry Ehlert for his ability to understand the
ever-changing business world. He has a proven track record of
success in multiple types of businesses and we are extremely
pleased with this partnership,” said Beninger, Reis & Irvy’s
Canadian master licensee and the President of Reis & Irvy’s
Canada.
Barry Ehlert is a business builder and an entrepreneur at heart.
He has won awards at Brigham Young University for his business
plans, including the “Business in Calgary Leaders” award in 2015,
and he was recently nominated for the “Avenue Magazine Top 40 Under
40” list. Ehlert recently worked in the redevelopment of several
golf courses, including the Harvest Hills Golf Course and Mickelson
National Golf Club, in Calgary. He is currently working on a retail
development project which is the result of reconfiguring one of his
golf and real estate assets.
“I love this product,” said Ehlert. “The brick and mortar frozen
yogurt and ice cream retail industry in Canada is ready for this
kind of unattended and very disruptive vending technology developed
by the wonderful team at Generation NEXT Franchise Brands. I’m also
extremely excited to work with Brett and Keegan, representing the
Reis & Irvy’s brand”
In addition to his golf course businesses, Ehlert owns a
boutique marketing company and has a partnership with a luxury home
builder in Calgary. With all of his business prowess and
connections throughout Canada, Ehlert is sure to redefine the
frozen yogurt industry through disruption.
Nick Yates, Chairman and Founder of Generation Next, was equally
excited about the deal with Ehlert. “This sale speaks volumes to
the potential of our international licensing program, which
has only just begun. Additionally, this deal showcases the
appeal of our patented technology in other markets outside the
United States. As a group, our master Canadian licensee and
Reis & Irvy’s have once again attracted an amazing entrepreneur
to validate what is such an exciting product. We will continue
working hard to build more shareholder value outside the U.S. via
similar programs.”
For more information on the revolutionary Frozen Yogurt Robots
or to learn more about how you can own your own Reis & Irvy’s
Frozen Yogurt Robot franchise, visit the Reis & Irvy’s website
at www.reisandirvys.com or call toll free 888-902-7558.
Follow us on Twitter @Reisnirvys, on Facebook @reisandirvys 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 Frozen Yogurt 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 generate revenue and recognize
deferred revenue; 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.
Contact: Reis & Irvy’s Lisa Delaney lisa.delaney@gennextbrands.com