Reis & Irvy's Robot-Staffed Frozen Yogurt Chain Inks $9.6
Million Master Franchise Agreements in Columbus, Ohio and Oklahoma
City
Columbus and Oklahoma City are the latest expansion
territories that also include Miami, Orange County, Los Angeles and
Atlanta
San Diego, CA -- July 17, 2018 -- InvestorsHub NewsWire --
Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) announced
today that its flagship subsidiary, Reis & Irvy’s, has signed
two agreements with exclusive master franchise rights for the
robot-staffed frozen yogurt chain in both Ohio and
Oklahoma.
Oklahoma
Kristopher Barlow, convinced of the incredible potential that
Reis & Irvy’s disruptive business model presents, has purchased
exclusive rights to the Greater Oklahoma City territory. The $5.4
million deal includes contracts for 18 initial Reis & Irvy’s
locations along with an agreement and letter of intent for an
additional 102 installations throughout the metro area.
The area continues to grow, offering any number of major
location opportunities. Oklahoma City is the twenty-seventh largest
city in the United States, home to 1.4 million people, the
headquarters to Chesapeake Energy Corporation and Devon Energy
Corporation, and many corporations with a large presence in the
city, including The Hertz Corporation, Farmers Insurance Group, The
Boeing Company, American Fidelity Assurance, Cox Communications and
others.
“Reis & Irvy’s is an innovative company disrupting a popular
market. We are excited to introduce this revolutionary approach of
a consumer favorite to the Oklahoma Metro market. The ingenious
team at Generation NEXT Franchise Brands, coupled with their
cutting-edge technology, robust systems, and extensive market
opportunities, will make our partnership a success,” said Barlow.
“I’m excited about this partnership and look forward to bringing
this opportunity to the thriving Oklahoma Metro area.”
Barlow is an entrepreneurial, results focused, energetic and
proven leader with broad experience in upstream Energy &
Production (E&P) Supply Chain, Department of Defense (DoD)
Contracting with additional experience in Financial Planning and
Business Ownership. Actively seeking out investment opportunities
that embrace technology, he is currently a partner in a Healthcare
Company, SNAP by Salubrious Nurse Practitioners, PLLC that focuses
on streamlining the patient experience through integration of
software.
“I see the human-less economy taking shape and literally
transforming how business is transacted. In order to stay
competitive, it simply has to happen,” said Barlow, of Robotic
Concepts, LLC. “I’m excited about the concept, I’m excited for
Oklahomans and the future ahead. Generation NEXT has a great team
in place, they’re all focused on Service before Self and
Excellence, two core values dear to me.”
Ohio
Ohio-based franchisee Ken Green, one of a group of private
investors who will operate under the name Reis & Irvy’s
Columbus, believes Columbus, the largest city in Ohio, as well as
the home of Ohio State University, is the perfect place to launch
such a venture: “We originally committed to 12 robots in Columbus,
but after seeing the robot in action and tasting the yogurt, we
knew we wanted to go bigger. The Reis & Irvy’s robot is a
winner in so many ways – fun and entertaining, creative and
disruptive, and supported by the partnership of Generation NEXT’s
incredible team. Columbus is known as a food service test market
and home to many food startups, and we are excited to bring this
innovative new concept to our hometown!”
The $4.17 million, exclusive territory deal includes contracts
for 18 initial Reis & Irvy’s locations along with an agreement
and letter of intent for an additional 81 locations throughout the
metro area as part of an agreement that secures the group’s
exclusive rights to the greater Columbus area, the fourteenth
largest city in the United States, home to 2.1 million people.
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 1,275 pending robot
installations aggregating over $55 million, with additional
contract commitments for over 2,900 robots worth an estimated $115
million ($170 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 in June to
deploy 30 Reis & Irvy’s locations in Southern California.
For more information, visit the Reis & Irvy’s website
at www.reisandirvys.com or call Toll-Free (888)
902-7558.
Generation NEXT Website:
www.gennextbrands.com
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, its newly established owner/operator model. The
Company has sold over 600 franchises throughout the United States,
Canada, Australia, Israel, 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. (OTCBB: 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 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.
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.
Media Contact: Darren Shuster Generation NEXT Franchise Brands, Inc. Phone: (818) 744-1851 Email: darren@popculturepr.com