Generation NEXT Franchise Brands Continues International Expansion
Announcing $18 Million Master Licensing Agreement Within Australia
Australia Joins Canada, Oman and Israel as Reis & Irvy’s Fourth
International Market
SAN DIEGO, CA -- May 07, 2018 -- InvestorsHub NewsWire --
Generation NEXT Franchise Brands, Inc. (OTCBB:VEND) announced today
that it has completed and secured its fourth international
licensing agreement within the territory of Australia. The
agreement represents approximately $18 million in robot sales from
a minimum 500 robots being placed throughout the territory over the
next five years. The company will be licensing its robotic frozen
yogurt vending technology and franchise concept, Reis & Irvy’s,
to an international business and marketing development specialist
with heavy roots in the Australian marketplace.
Late
last year, Generation NEXT Franchise Brands launched its
international licensing program for the Reis & Irvy’s franchise
concept, which itself was launched within the United States in
April of 2016. The model allows prospects who are interested in
replicating the Reis & Irvy’s model in the U.S., an opportunity
to secure an international market exclusively, by purchasing
(either for resale or operation) a minimum number of vending robots
over a specified period of time.
The high-tech robotic vending machines, which will dispense
servings of frozen yogurt, ice cream and sorbet, 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 235 franchisees representing approximately 1,100
pending robot installations aggregating approximately $45 million.
Furthermore, the Company has contract commitments for an additional
2,300 robots aggregating approximately $88 million.
At the reigns of the Australia initiative will be Troy and
Michelle Bingham, who will become ambassadors for the Reis &
Irvy’s brand and its expansion within the new market. Together the
couple is armed with extensive experience in international business
development and global management consulting across the areas
of franchising, tourism, modular housing, distribution
channels, sporting organizations, customer loyalty,
payment and incentive programs. Formerly an accountant with
the prestigious firm of Price Waterhouse, Mr. Bingham studied
extensively within the US, earning a Bachelor of Science from
Gannon University in Pennsylvania, as well as an MBA in
International Marketing and Management from Toledo University in
Ohio. With an eye for global opportunities, the Bingham’s were
looking for a venture that they could not only grow but expand in
the future.
“We were looking for a business that could generate annuity
income, require minimal time and staff once set up, and was in
a sector that we knew we could grow over the next 10-15
years,” said Troy Bingham. “The patented robotics,
seamless payment, marketing interactivity, and cloud-based
reporting on the supply chain ticked all the boxes. More
importantly, the energy, passion and support from the Generation
NEXT team to grow a quality brand and product was very exciting to
us. We see frozen yogurt as just the first of many other robotic
and technology solutions to come.”
Nick Yates, Chairman for Generation NEXT Franchise Brands, was
thrilled at the expansion into yet another global market for the
revolutionary Froyo Robot…and one very close to home.
“Being an Australian native myself, I am familiar with the
similarities between our market here in the U.S. and the market
down under,” said Yates, who oversees Generation NEXT’s business
ventures from its headquarters in San Diego, California. “The
market in Australia loves frozen yogurt and has seen steady growth
in consumption over the last five years. We believe our product
will find a way to disrupt the retail sector and Troy and Michelle
know exactly how to ensure that it happens, which will allow our
emerging brand, Reis & Irvy’s, to continue its growth around
the globe.”
In addition to its continued expansion into key international
markets, Reis & Irvy’s has also strengthened its foundation and
offerings by teaming up with some of the world’s largest
manufacturing and logistics partners, including Dannon YoCream
(www.yocream.com), Stoelting Food Service (www.stoelting.com), who
created the very first soft-serve machine for Dairy Queen, and
Pitney Bowes (www.pitneybowes.com), who will provide the
installation and national servicing. Each of these partners will be
making themselves available in Australia and will offer the exact
same assortment of services to our new licensees.
For more information on Generation NEXT Franchise Brands
(www.gennextbrands.com) or their family of brands, including the
revolutionary Reis & Irvy’s frozen yogurt robots, please
visit www.reisandirvys.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.
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.
Media Contact:
Lisa Delaney 949-500-6752
info@gennextbrands.com
A photo accompanying this announcement is available
at http://resource.globenewswire.com/Resource/Download/48b9502b-a020-42c6-b6bb-d6add32719ec