Contract Purchase of 54 Froyo Robots By Local Business
Developer Marks Another Territory Expansion for Innovative Vending
Technology Concept
San Diego, CA -- May 17, 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 the official
signing of a franchise agreement today with Big Easy Robotics LLC.
Pursuant to the agreement, the New Orleans-based group will
purchase 12 robots for an initial purchase price of $510,000.
In order to maintain exclusivity as the sole Reis & Irvy’s
franchisee throughout the New Orleans area, Big Easy Robotics must
purchase an additional 42 robots within the area over the course of
the next three years, which would result in approximately $1.785
million in revenue to Generation NEXT Franchise Brands if all
purchase objectives are met.
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 and now have a franchise network that
spans the United States, as well as internationally in Israel,
Oman, Canada and Australia. This latest agreement with Big Easy
Robotics is the fourth exclusive territory appointed with
previously announced deals across the country including Los
Angeles, Orange County and Miami.
The robotic vending machine serves customers seven delicious
flavors of frozen yogurt, ice cream, gelato or sorbet and offers a
choice of up to six customized toppings. Each serving is created in
under 60 seconds and delivered by a multi-axis robotic
arm.
“We see the robotic vending experience as the future in
the self-serving industry and we are excited about being part of
this cutting-edge technology,” said Jay Meral, of Big Easy
Robotics. “We saw the opportunity to be a part of something
huge that will change the frozen yogurt industry forever and have
the ability to be the first in our area. What really helped with
the decision to purchase our franchise was the great team of
professionals at Generation NEXT and we are extremely excited
to get started and provide state of the art and great tasting
products that will truly amaze our customers.”
“Our team has already secured multiple location agreements for
our new franchise partners within a variety of categories including
hotels, corporates, grocery chains, tourist attractions and malls,
so we are off to a good start in a fantastic territory filled with
opportunity,” said Nick Yates, Chairman of Generation NEXT
Franchise Brands. “These guys know the market, have some great
contacts and we know they will represent the Reis & Irvy’s
brand maximizing its potential.”
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 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 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