Unattended robotic vending machines began serving
frozen yogurt and ice cream to eager customers of all ages in
Texas, Pennsylvania and Michigan this last week
San Diego, CA -- June 26, 2018 -- InvestorsHub NewsWire -- Reis
& Irvy’s, a subsidiary of Generation Next Franchise Brands
[OTC: VEND] robot-staffed yogurt ‘shops’ are now up and running
across three states, including locations in malls and medical
facilities throughout Texas, Pennsylvania and Michigan.
Houston-based Franchisee Christina Mattix says that ‘her’ robot
is delivering frozen yogurt 24/7 and is proud to be part of such a
prestigious institution as the Woman’s Hospital of Texas: “We’ve
named our first robot ‘WHOT’ after the Woman's Hospital of Texas
and people were very excited at the ribbon-cutting, it was really
nice to see all those smiling faces.”
Auburn Hills, MI-based Franchisee Richard Knappe is equally
pleased with the overwhelmingly positive reaction at Michigan’s
largest indoor mall, Great Lakes Crossing Outlets: “Everyone loves
the Dannon product. They soon find out that it’s a healthy and
tasty choice for them here at Great Lakes Crossing Outlets and I’ve
noticed they come back for more. With lots of repeat customers,
word of mouth has been growing and I look forward to installing our
next vending robot.”
Wynnewood, PA-based Franchisee Peter Shapiro said that everybody
loves the product since arriving at Lankenau Medical Center: “It’s
awesome for our family to have such a prestigious hospital as our
first location -- and it’s right in the neighborhood where we all
grew up. From the minute we rolled the machine into Lankenau, the
robot has kept busy selling around the clock. During the day,
there’s typically a line of people in front of Reis & Irvy’s
and we’re seeing patients, family members, staff, along with
doctors and nurses.”
Reis & Irvy’s-branded signature robot characters of the same
name can dispense servings of frozen yogurt, ice cream, gelato and
sorbet topped with a selection of six delicious toppings in under
60 seconds. With self-checkout touch screen ordering and payment
options, video animation, music and delicious frozen dessert
provided exclusively by Dannon, robot vendors meet consumers’
demand for immediate convenience, entertainment and a superior
quality product - be it in shopping malls, medical centers and any
other high-traffic area.
Reis & Irvy’s is a subsidiary owned by San Diego-based
Generation NEXT Franchise Brands, Inc., a publicly traded company
on the OTC Markets trading under the symbol OTCBB:VEND.
Reis & Irvy’s: Franchise Expansion Highlights:
- Since its debut, Reis & Irvy’s has grown to over 255
franchisees across the U.S. and represents over 1,170 pending robot
installations aggregating over $47 million, with additional
contract commitments for over 2,750 robots worth an estimated $107
million ($154 million in total) in potential future revenues for
Generation NEXT Franchise Brands, Inc. One of the company’s
more high-profile franchisees, PGA Championship golfer Phil
Mickelson, announced an interest in the company, signing a contract
to deploy 30 Reis & Irvy’s locations in Southern
California.
- Reis & Irvy’s has strengthened its 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.
“As we end our fiscal year, we are pleased to be consistently
installing our patented robotic vending technology at these great
locations and look forward to recognizing the revenue each
installation allows us, starting to collect recurring revenue in
the form of royalties and rebates, and seeing our franchisees
generating revenues of their own!” said Nick Yates, Chairman of
Generation Next Franchise Brands. “We are scaling our labor force
and increasing production capacity to ensure the demand for
installations is met. We anticipate installing approximately 75
units in July and 150 units in August. By September, we will be in
a position to install as many as 240 units per month.”
For more information, visit the Reis & Irvy’s website
at www.reisandirvys.com or call Toll-Free (888)
902-7558.
Media Contact:
Darren Shuster
Generation NEXT Franchise Brands, Inc.
Phone: (818) 744-1851
Email: darren@popculturepr.com
Media Links:
Reis & Irvy’s Frozen Yogurt: www.reisandirvys.com
Kiosk
Photo: www.reisandirvys.com/wp-content/uploads/2016/12/Kiosk-Hero.png
About Reis & Irvy’s, Inc.
Reis & Irvy’s, Inc. is a subsidiary franchise concept of
Generation NEXT Franchise Brands, Inc. (OTCBB: 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 gelatos, 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. Please
visit www.reisandirvys.com for more
information.
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 OTCBB:VEND. Generation NEXT Franchise Brands, Inc.
is parent company to 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. Please
visit www.gennextbrands.com for more information.
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.
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 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.
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