Generation Next Franchise Brands Inc. (OTCQB: VEND)
Breaking News -
July 27, 2017
Generation NEXT Franchise Brands Hires Anthony Mauriello as General Counsel and
Tabitha Burke as Vice President of Franchise Development
Key Executive Additions Bring Added
Experience and Depth to San Diego-Based Franchisor
SAN DIEGO, CA -- (Marketwired) -- 07/14/17 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) announced today that it has hired both Anthony Mauriello as
General Counsel and Tabitha Burke as Vice President of Franchise Development.
The two key executive positions bolster the San Diego company's growing
corporate team and will add additional strength and experience to future
initiatives.
Mauriello had a corporate transactional law practice with a focus on public
company representation, mergers and
acquisitions, corporate governance and venture capital finance at international
law firms, including Skadden Arps, Latham & Watkins, and Wilson Sonsini for 14
years prior to joining the company as its first full-time General Counsel.
Licensed to practice law in California and New York, Mauriello graduated from
the Duke University School of Law in 2003. He is also an adjunct professor at
the University of San Diego School of Law.
"I am thrilled to join Generation NEXT as the company's first full-time General
Counsel. This is a dynamic enterprise with a truly customer-focused and
values-based culture. I am very much looking forward to assisting the
organization's brands as the company expands its global footprint with some
incredible technology."
In addition to the hiring of Mauriello, Generation NEXT added a seasoned
franchise relations expert with the hiring of Tabitha Burke as Vice President of
Franchise Development. Burke, whose background includes senior roles at both
Flippin' Pizza International and HDOS Enterprises, will be key in the
development, implementation and direction of franchise relations for Generation
NEXT's continued growth. A graduate of Phoenix University in San Diego, Burke is
looking forward to bringing added strength to the growing franchise team.
"Generation NEXT has made great strides in the last year, and with that kind of
growth comes the need for improved processes, technology and platforms to help
maintain the best possible relationship with its franchisees," said Burke.
For more information on Generation NEXT Franchise Brands or their family of
brands, including Reis & Irvy's, please visit www.gennextbrands.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 informational 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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, based in San Diego, California, is a publicly
traded company on the OTC Markets trading under the symbol "VEND". Generation
NEXT Franchise Brands is the parent company of: 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; and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts over 390 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
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. 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, 2016, our
subsequent Quarterly Reports on Form 10-Q 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:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Reis & Irvy's Announces
Signing of $3,637,500 International Licensing Agreement for the Exclusive
Territory of Israel
Company to debut frozen
confectionary vending robots for the first time within leading hub of technology
and innovation
SAN DIEGO, CA -- (Marketwired) -- 07/12/17 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) announced today that its robotic frozen yogurt vending franchise
concept, Reis & Irvy's, began its global expansion with the completion of the
brand's first international licensing agreement with the ItFroYo Group, which
was formed by Itamar Goldman. The company's international launch is focused on a
debut in Israel, which is considered to be one of the leading regions for
significant developments and impacts within technology and innovation.
Earlier this year, Generation NEXT Franchise Brands announced the development
and availability of international licensing opportunities for the Reis & Irvy's
concept which was launched within the United States and Canada in April 2016.
The high-tech robotic vending machines, which will dispense servings of frozen
yogurt, ice creams and sorbets, 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 175 franchisees across the U.S. and represent 725
pending robot installations. That market buzz has now expanded across the globe
and is sparking interest and demand from entrepreneurs looking to become part of
the newest innovation in on-demand vending robotics.
Itamar Goldman, together with a group of food service partners and
professionals, have formed the ItFroYo Group, which will be Reis & Irvy's newest
ambassadors to the Israeli marketplace. The group will also be at the helm of
the brand's first introduction to global consumers. The group itself showcases
extensive experience within the food service, ice cream and retail arenas and
was immediately drawn to the potential that Reis & Irvy's could bring to its
market. With many of the world's largest tech companies like IBM, Intel and
Google now working directly with and within Israel, the group saw the technology
of the Froyo Robots as a perfect showcase product, especially within a market
that sees 67% of the population eating ice cream desserts once a week and ice
cream sales growing by approximately 420% in the last decade. The Froyo Robot
technology and premium product would seem to be the perfect fit for a region
that has such high demand for frozen treats.
"Each and every day, I am an entrepreneur at heart and as such, I am always
looking for the best opportunities in the market," said Goldman, whose
first-year goal is to start a Reis & Irvy's footprint with 20 froyo robots
across the region. "After seeing and discussing the vision of the Reis & Irvy's
concept, we are very excited to partner with Generation NEXT Franchise Brands
and to be the first international licensee of what we feel is one of those
premiere groundbreaking opportunities. Our goal with ItFroYo is to make Reis &
Irvy's the "Uber" of frozen yogurt within the Israeli market as quickly as
possible."
The ItFroYo group will serve as exclusive licensees, distributors and operators
of Froyo Robots within the Middle East / Israel territory for five years under
the terms of the Reis & Irvy's licensing agreement. The agreement worth
$3,637,500 to Generation NEXT Franchise Brands, states that the group will
purchase the units within the 5-year term and will represent the frozen
yogurt/ice cream robot technology within its respective territory using the Reis
& Irvy's brand (www.reisandirvys.com).
The ItFroYo group will ambassador and position the brand for consumer awareness
and expansion and will be supported by marketing, training, logistics and
operations support from Generation NEXT Franchise Brands and the Reis & Irvy's
corporate franchising team that will include:
- A source for logistics
- Sources for wholesale consumables (yogurt, ice cream, gelato, sorbet)
- Marketing and advertising templates and systems; For example: Radio, Print,
SEO and Direct Response
- Sales scripts
- CRM template for tracking the business from franchisee / licensee sold through
to installation
- Online discovery portal template
- Operating manuals (online)
- Training manuals (online to include video tutorials)
- Website template for franchisee / licensee sales and location procurement
- Comprehensive sales / marketing / technical training in San Diego, California
- Comprehensive technical training at companies contract manufacturing plant in
San Diego, California
- On-site training upon launch
"ItFroYo have had their fingers on the pulse of technology, food service and
most importantly retail ice cream and soft serve in Israel for over 20 years,"
said Nicholas Yates, Chairman and Founder of Generation NEXT Franchise Brands,
parent company to the Reis & Irvy's brand. "They know the 'ins and outs' of
consumer behaviors and trends and we couldn't ask for better ambassadors to
position our brand for success in Israel."
For more information on Generation NEXT Franchise Brands or their family of
brands, including Reis & Irvy's, please visit www.gennextbrands.com or call toll
free 888-902-7558.
Sources: 1. dun & Bradstreet - as published at "Calcalist" magazine - https://www.calcalist.co.il/marketing/articles/0,7340,L-3312444,00.html
2. BDI Coface - http://www.bdicode.co.il/Page_HEB/1022/Ice%20Cream%20Industry%20in%20Israel%20-%20BdiCoface%20Special%20E
3. Trust Group- business consult http://www.trust-group.info/
This information is not intended as an offer to sell, or the solicitation of an
offer to buy, a franchise. It is for informational 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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, based in San Diego, California, is a publicly
traded company on the OTC Markets trading under the symbol "VEND". Generation
NEXT Franchise Brands is the parent company of: 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; and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts over 390 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
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. 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, 2016, our
subsequent Quarterly Reports on Form 10-Q 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:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Generation NEXT Franchise
Brands Completes Fiscal 2017 With $27 Million in Backlog for Its New Franchise
Concept Reis & Irvy's
Franchisor also secures over 215
Premiere locations for its franchise network
SAN DIEGO, CA -- (Marketwired) -- 07/12/17 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) reports franchise backlog as of June 30, 2017. The franchisor,
whose Reis & Irvy's frozen yogurt robots launched in April of 2016, finished the
year ended June 30, 2017, with backlog aggregating $27 million. Additionally,
the company has secured over 215 premiere locations for its franchise network.
Other notable items are as follows:
- Reis & Irvy's total franchise network aggregates over 175 franchises;
- Reis & irvy's frozen yogurt robots aggregate over 725 units;
- Notable locations secured include Henry Ford Museum, Jeff Gordon Hospital,
University of Pennsylvania, McCarren Airport - - Las Vegas, Indianapolis
International Airport, Nissan Headquarters, Austin Convention Center, Hyundai
Headquarters, - -- - The Kraft Company Headquarters and FedEx Express World
Headquarters;
- Largest franchise to date totals 12 units (two franchises);
- The company raised proceeds totaling $2.4 million in the form of an equity
offering;
- We raised $509,000 in debt proceeds during the year ended June 30, 2017 and
also repaid $609,000 in debt principal during the same period. Also, various
loan agreements were extended through dates ranging from June 30, 2017 to
December 31, 2017;
- The company completed the fiscal year with $1.7 million in cash;
- We completed the acquisition of all Robofusion assets, including patents,
trademarks and tradenames; We engaged D&K Engineering as our contract
manufacturing partner. D&K is an international product design and contract
manufacturing services company with a proven track record of turning innovative
ideas into successful reality. D&K's clients include BD, Illumina, Lexmark,
Hewlett Packard, Callaway Golf, Panasonic, Microsoft, Procter and Gamble, and
Halliburton;
The company's first next generation robot prototype was built and commenced
performance testing;
- We initiated our international Master License program in which we will partner
with in-country entrepreneurs to distribute our frozen yogurt robots. These
in-country entrepreneurs will represent the Reis and Irvy's brand around the
globe.
"Our aggregate bookings of $27 million have laid the foundation for our
franchise program on two levels: the first being equipment sales and cash flow
for operations on the front end and secondly, future recurring revenues from
royalties and product rebates on the back end," said Nick Yates, the company's
Chairman and Founder. "Fiscal 2018 sees us launching our beta phase production
and field tests followed by full scale production. This, coupled with the many
national location opportunities we have pending for trials and the launch of our
international licensing program, makes for a promising forecast of activity in
fiscal 2018."
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 reisandirvys.com. To learn more about Generation NEXT
Franchise Brands or their family of brands, including Reis & Irvy's, Fresh
Healthy Vending or 19 Degrees, please visit www.gennextbrands.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.
Generation NEXT Franchise Brands Generation NEXT Franchise Brands, 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 hosts over 390 active franchisees throughout the United States, Canada,
Puerto Rico and the Bahamas, and continually looks to partner with like-minded
entrepreneurs who share its vision.
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
fiscal 2018 forecasts, our ability to launch beta testing and full scale
production, our ability to expand our sales opportunities, and our ability to
extend our master license program with foreign entrepreneurs. 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, 2016, our subsequent Quarterly
Reports on Form 10-Q 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:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Generation NEXT Franchise
Brands Appoints D&K Engineering as Contract Manufacturer for Robotic Vending
Development
San Diego-based manufacturer to
begin production of robots developed exclusively by Lancer Corporation
SAN DIEGO, CA -- (Marketwired) -- 06/08/17 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) announced today that on May 16, 2017, it appointed San Diego-based
D&K Engineering as their exclusive contract manufacturer for not only the
recently launched Reis & Irvy's Froyo Robot but the future development of
alternative robotic vending concepts and technologies.
D&K Engineering is an international product design and contract manufacturing
services company with a proven track record of turning innovative ideas into
successful reality. Boasting over 600 successful product realization journeys
with an emphasis on designing and manufacturing specialty smart machines and
kiosks for clients like ecoATM-Gazelle, minuteKEY, and Vengo, D&K Engineering
was a clear choice for Generation NEXT, whose revolutionary Reis & Irvy's Froyo
Robot has launched a company-focused effort on developing new roads into robotic
vending technology. D&K has also designed and manufactured a range of medical
and life science products, printing and microfluidics, consumer and industrial
and commercial on behalf of clients including BD, Illumina, Lexmark, Hewlett
Packard, Callaway Golf, Panasonic, Microsoft, Procter and Gamble, and
Halliburton.
"The core identity of D&K is obsessed with overcoming challenging technical
issues and delivering robust, lasting business solutions," said Nick Yates,
Chairman of Generation NEXT Franchise Brands. "More importantly, they bring
decades of experience developing self-serve retail kiosks and smart machines.
That history, combined with the fact that D&K is right in our backyard of San
Diego, means we can now invite our franchisees, investors, clients and
prospective customers to visit our headquarters and our manufacturing partner
all at the same time. It's a win-win."
Under the new partnership agreement with Generation NEXT, D&K will provide
engineering manufacturing services to commercialize the company's Froyo Robots
and bring a unique set of advantages to future Generation NEXT concepts that
include:
Extensive expertise in user interface design and human factors, yielding devices
that are intuitive as well as easier and safer to use.
Emphasis on making devices that can be easily serviced and maintained,
maximizing uptime and enabling predictive and rapid repair if issues occur.
Deep understanding of transaction infrastructure, such as for handling cash or
credit card with state of the art data security and encryption protocols.
Ensuring regulatory compliance, especially for safety and accessibility.
Comprehensive Internet of Things (IoT) toolkit ready for leverage in any product
setting.
Remote connectivity, with data analytics, performance monitoring, plus
diagnostics ensuring the user experience is optimized and minimizing the need
for service calls as well as pre-empting early service calls to maximize uptime.
D&K Engineering also boasts an international footprint with manufacturing
facilities in San Diego as well as Singapore and Malaysia that offer a top-tier
global supply chain, complementary alliances, and partners to assist Generation
NEXT's recently launched International License and Distribution Program. "Having
the ability to manufacture and ship equipment from Asia, as we begin entering
into agreements with partners around the globe offers us a more cost-efficient
approach to global expansion," said Yates. "We have plans to teach partners
around the world how to replicate our model and support them across all levels
of operations, sales, and marketing."
Last year, Generation NEXT partnered with San Antonio-based developer Lancer
Corp to begin the initial redevelopment and finalization of the Reis & Irvy's
prototypes, with a focus on revamping and overhauling the robotic marvels to
achieve the highest level of performance.
For more information on the revolutionary Froyo Robots, visit the Reis & Irvy's
website at reisandirvys.com. To learn more about Generation NEXT Franchise
Brands, please visit www.gennextbrands.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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts over 350 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
Cautionary note on forward-looking statements:
Except for historical information contained in this release, statements in this
release may constitute forward-looking statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company believes that
expectations are based upon reasonable assumptions, there can be no assurances
that goals, results and strategy will be realized. Numerous factors, including
risks and uncertainties, terms and availability of financing, may affect actual
results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In addition to
statements, which explicitly describe risks and uncertainties, readers are urged
to consider statements labeled with such terms as "believes," "belief,"
"expects," "intends," "feels," "anticipates," "proposes," "proposed," or "plans"
to be uncertain and forward-looking. More detailed information on these and
additional factors that could affect Generation NEXT's actual results are
described in Generation NEXT's filings with the Securities and Exchange
Commission, including its most recent Form 10-Q's for the quarterly periods
ended March 31, 2017, December 31, 2016 and September 30, 2016, and its annual
report on Form 10-K for the fiscal year ended June 30, 2016. All forward-looking
statements in this news release speak only as of the date of this news release
and are based on Generation NEXT's current beliefs and expectations. Generation
NEXT undertakes no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, except as
required by law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Generation NEXT Franchise
Brands Announces Results for the Third Fiscal Quarter and Nine Months Ended
March 31, 2017
Franchisor Reports Bookings of $6.2M
and $20.7M for the Three and Nine Months Ended March 31, 2017, Respectively
SAN DIEGO, CA -- (Marketwired) -- 05/31/17 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) reports franchise bookings for its third fiscal quarter and nine
months ended March 31st 2017. The franchisor, whose Reis & Irvy's frozen yogurt
robots launched in April of 2016, finished the three and nine months ended March
31, 2017, with bookings aggregating $6.2 million and $20.7 million,
respectively. Additionally, the company added 34 and 133 new Reis and Irvy's
franchisees, respectively, for the same periods.
Other notable items during the period are as follows:
- Accounts receivable aggregated $13.7 million at March 31, 2017;
- Total assets aggregated $17.5 million at March 31, 2017;
- Deferred revenues aggregated $23.5 million at March 31, 2017;
- The company issued common stock for proceeds totaling $480,000 during the
quarter;
- Subsequent to March 31, 2017, the company issued common stock totaling
$980,000;
- We raised $509,000 in debt proceeds during the nine months ended March 31,
2017 and also repaid $334,000 in debt principal during the same period. Also,
various of the company's loan agreements were extended through dates ranging
from June 30, 2017 through December 31, 2017. Subsequent to March 31, 2017, the
company also repaid an additional $455,000 in debt principal;
- The company has launched a new subsidiary Generation NEXT Vending Robots for
its direct sales program to national and regional chains as well as single site
retail locations. These customers, which already own their location, will expand
our sales opportunities and increase revenues. Typically, these will represent
locations that do not meet the qualifications for our franchise network.
Furthermore, the company will be offering equipment financing options through a
third party vendor.
- We have initiated our international master license / distribution program,
whereby we will partner with in-country operators to distribute our newly
developed vending robots.
"We are extremely pleased with our first year of franchise sales for Reis &
Irvy's. Our aggregate bookings of $22.0 million have laid the foundation for the
franchise programs future," stated Nick Yates, Chairman. "Now, as we prepare for
the launch our direct sales program and our international master license /
distribution program, we look to continue to expand our reach and revenues. In
addition, our development partner's progress has allowed our manufacturing
partner to provide us with a Q1fiscal 2018 production schedule allowing for our
first order of approximately 200 Reis and Irvy's robots to begin rollout in
September 2017, followed by an aggressive month to month rollout thereafter. We
are confident we can install for our franchisees all robots sold through our
March 31, 2017 quarter and recognize the deferred revenues prior to the end of
fiscal year 2018. And finally, we are moving in the right direction with our
cash flow, as we were slightly negative from operating activities of $38,000
during the nine months ended March 31, 2017, compared to a negative $773,000 for
the nine months ended March 31, 2016. Furthermore, we had overall positive cash
flows of $49,000 for the nine months ended March 31, 2017, compared to overall
negative cash flows of $171,000 for the same period in the prior year. We
believe that we are on track to end fiscal 2017 cash flow positive and maintain
this throughout fiscal year 2018."
The company had revenues of $3.8 million and $4.4 million for the nine months
ended March 31, 2017 and 2016, respectively. The decrease in revenues is
directly related to the discontinuation of new franchise sales of subsidiary
franchise concept Fresh Healthy Vending. Net loss for the nine months ended
March 31, 2017 and 2016 was $8.4 million and $3.4 million, respectively.
Included in the net loss for the nine months ended March 31, 2017 was research
and development expenses of $743,000 related to the development of the next
generation frozen yogurt robot, $1.6 million of marketing and advertising
expense, $2.9 million of personnel expense, $1.0 million of professional fees,
and $395,000 related to Robofusion license fees. Furthermore, the Company
incurred an aggregate of $1.2 million of non-cash discount accretion and
derivative liability expense.
To learn more about Generation NEXT Franchise Brands or their family of brands,
including Reis & Irvy's, Fresh Healthy Vending or 19 Degrees, please visit
www.gennextbrands.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.
Generation NEXT Franchise Brands Generation NEXT Franchise Brands, 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 hosts over 350 active franchisees throughout the United States, Canada,
Puerto Rico and the Bahamas, and continually looks to partner with like-minded
entrepreneurs who share its vision.
Cautionary note on forward-looking statements Except for historical information
contained in this release, statements in this release may constitute
forward-looking statements regarding assumptions, projections, expectations,
targets, intentions or beliefs about future events that are based on
management's belief, as well as assumptions made by, and information currently
available to, management. While the Company believes that expectations are based
upon reasonable assumptions, there can be no assurances that goals, results and
strategy will be realized. Numerous factors, including risks and uncertainties,
terms and availability of financing, may affect actual results and may cause
results to differ materially from those expressed in forward-looking statements
made by the Company or on its behalf. In addition to statements, which
explicitly describe risks and uncertainties, readers are urged to consider
statements labeled with such terms as "believes," "belief," "expects,"
"intends," "feels," "anticipates," "proposes," "proposed," or "plans" to be
uncertain and forward-looking. More detailed information on these and additional
factors that could affect Generation NEXT's actual results are described in
Generation NEXT's filings with the Securities and Exchange Commission, including
its most recent Form 10-Q's for the quarterly periods ended March 31, 2017,
December 31, 2016 and September 30, 2016, and its annual report on Form 10-K for
the fiscal year ended June 30, 2016. All forward-looking statements in this news
release speak only as of the date of this news release and are based on
Generation NEXT's current beliefs and expectations. Generation NEXT undertakes
no obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise, except as required by
law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Generation NEXT Franchise
Brands Announces Reis & Irvy's Froyo Robots to Feature Flavor Burst System
Revolutionary Robotic Frozen Yogurt
Vending Machine Will Feature Syrup Injection System, Delivering Multiple Flavor
Options for Customers
SAN DIEGO, CA -- (Marketwired) -- Apr 25, 2017 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) announced today that through development and partnership with
Indiana-based Flavor Burst, the franchisors flagship concept Reis & Irvy's will
feature the addition of a Flavor Burst syrup injection system. The integration
of the system into the robotic frozen yogurt vending machines will allow all
units to offer multiple flavors to customers at all locations.
The joint effort between the two companies will result in all Reis & Irvy's
Froyo Robots showcasing multiple new flavors in addition to a twist option.
Operators will now have access to a syrup injection system that will offer a
selection of twelve Flavor Burst syrups to choose from and as a result, offer
customers four Flavor Burst flavors in addition to vanilla frozen
yogurt and a secondary barrel that can be utilized for another core flavor, or
the addition of healthy options or promotional flavors. Once a customer chooses
their flavor, it is automatically blended with the Reis & Irvy's core vanilla
frozen yogurt to create a delicious and creamy frozen treat. This customization
will open the door to customer favorites such as Birthday Cake, Blue Raspberry,
Cotton Candy and Pistachio.
Nik Wright, Vice President of Operations for Generation NEXT stressed the
excitement of the union and its big picture opportunity for growth in the
future. "We are thrilled that after months of deliberation, we have finalized,
by way of innovative engineering, a brilliant system for our robots to dispense
multiple flavors," says Wright. "Our units will now have the ability to provide
consumers with multiple flavor options, both traditional and healthy-lifestyle
offerings and open up doors to countless potential locations and consumer
audiences."
Tom Gerber, President of Flavor Burst expressed excitement for the union as
well. "Flavor Burst Company is excited to be partnering with Reis & Irvy's in
bringing cutting edge technology and flavor choices to the self-serve frozen
dessert industry," said Gerber. "We look forward to changing the landscape of
on-demand frozen yogurt together."
For more information on Generation NEXT Franchise Brands or their family of
brands, including Reis & Irvy's, Fresh Healthy Vending or 19 Degrees, please
visit www.gennextbrands.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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts over 390 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
Cautionary note on forward-looking statements
Except for historical information contained in this release, statements in this
release may constitute forward-looking statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company believes that
expectations are based upon reasonable assumptions, there can be no assurances
that goals, results and strategy will be realized. Numerous factors, including
risks and uncertainties, terms and availability of financing, may affect actual
results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In addition to
statements, which explicitly describe risks and uncertainties, readers are urged
to consider statements labeled with such terms as "believes," "belief,"
"expects," "intends," "feels," "anticipates," "proposes," "proposed," or "plans"
to be uncertain and forward-looking. More detailed information on these and
additional factors that could affect Generation NEXT's actual results are
described in Generation NEXT's filings with the Securities and Exchange
Commission, including its most recent Form 10-Q's for the quarterly periods
ended December 31, 2016 and September 30, 2016, and its annual report on Form
10-K for the fiscal year ended June 30, 2016. All forward-looking statements in
this news release speak only as of the date of this news release and are based
on Generation NEXT's current beliefs and expectations. Generation NEXT
undertakes no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, except as
required by law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Generation Next Franchise Brands
Announces Franchise Bookings of $6,200,000 for Q3, Fiscal 2017
Franchisor Reports Increase of 121% in Bookings Compared to $2.8M During the
Same Period in the Prior Fiscal Year
SAN DIEGO, CA -- (Marketwired) -- April, 2017 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) reports franchise bookings for its third fiscal quarter ending
March 31st, 2017. The franchisor, whose Reis & Irvy's frozen yogurt robots
launched in April of 2016, followed up a strong second quarter of bookings,
aggregating $5.5 million, showing additional growth throughout fiscal quarter
three and continued expansion across their network with the addition of 34 new
franchises appointed.
As franchising growth continues the company also focused attention throughout
the third quarter on the research and procurement of high-traffic locations for
its franchisee units which resulted in agreements with 70 additional new and
noteworthy locations including:
- Showplace IMAX Cinemas-IN
- Seattle Central University-WA
- Montgomery Zoo-AL
- Fort Gordon-GA
- Clayton State University-GA
- Piedmont Henry Hospital-GA
- Buckley Airforce Base-CO
- Thibodaux Regional Medical Center-LA
- Fort Sam Houston-TX
- Lackland Air Force Base-TX
"Our franchise platform is completely built, we have begun securing premium
locations for our franchisees and we are eager to see this technology
successfully launched in the coming fiscal quarters with the intention of
installing most, if not all of the 650 units sold to date, and recognizing the
$23,500,000 of estimated deferred revenue on our books well before fiscal 2018
ends," said Nick Yates, Chairman of Generation NEXT Franchise Brands.
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 reisandirvys.com. To learn more about Generation NEXT
Franchise Brands or their family of brands, including Reis & Irvy's, Fresh
Healthy Vending or 19 Degrees, please visit www.gennextbrands.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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 kiosk brand and Generation NEXT Vending Robots,
our newly established owner/operator model. The Company hosts over 350 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
Cautionary note on forward-looking statements
Except for historical information contained in this release, statements in this
release may constitute forward-looking statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company believes that
expectations are based upon reasonable assumptions, there can be no assurances
that goals, results and strategy will be realized. Numerous factors, including
risks and uncertainties, terms and availability of financing, may affect actual
results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In addition to
statements, which explicitly describe risks and uncertainties, readers are urged
to consider statements labeled with such terms as "believes," "belief,"
"expects," "intends," "feels," "anticipates," "proposes," "proposed," or "plans"
to be uncertain and forward-looking. More detailed information on these and
additional factors that could affect Generation NEXT's actual results are
described in Generation NEXT's filings with the Securities and Exchange
Commission, including its most recent Form 10-Q's for the quarterly periods
ended December 31, 2016 and September 30, 2016, and its annual report on Form
10-K for the fiscal year ended June 30, 2016. All forward-looking statements in
this news release speak only as of the date of this news release and are based
on Generation NEXT's current beliefs and expectations. Generation NEXT
undertakes no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, except as
required by law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
SeeThruEquity Issues Update on
Generation Next Franchise Brands, Inc. and Raises Price Target to $1.50
NEW YORK, NY / March 28, 2017 / SeeThruEquity, a leading independent
equity research and corporate access firm focused on small-cap and micro-cap
public companies, today announced it has issued an update on Generation Next
Franchise Brands, Inc. (OTCQB:
VEND).
The report is available here: VEND Update
Note.
We are updating our coverage of Generation Next Franchise Brands, Inc. (OTCQB:
VEND), formerly Fresh Healthy Vending International, Inc. to reflect the
company's current focus on its venture into the frozen yogurt market following
the new formation of its subsidiaries Reis and Irvy's Inc. ("Reis & Irvy's"), 19
Degrees, Inc., and Generation Next Vending Robots, Inc. Through Reis & Irvy's,
VEND is seeking to reinvent the frozen yogurt business with its Froyo Robot, a
self-serve, frozen yogurt vending machine. Combining the company's experience in
healthy vending with new technology, VEND appears to
be gaining traction in the market, with a backlog of $16.5mn in deferred revenue
related to Froyo Robot at the end of FY2Q17 and $5.5mn of bookings during
FY2Q17. The new price target for the company reflects bookings momentum and
increased margin expectations. With headquarters in San Diego, CA, VEND is a
pioneer in the area of healthy vending machines. The company is the parent to
Fresh Healthy Vending LLC, a healthy-choice vending machine franchise dedicated
to making healthy snacks, drinks and fresh foods affordable and available
through vending machines.
Investment highlights from the report include:
New focus on frozen yogurt market
Since we initiated coverage on the company, VEND has extended its presence into
the frozen yogurt market via new subsidiaries led by the brand Reis and Irvy's,
a franchise-focused frozen yogurt kiosk brand. Through Reis & Irvy's, VEND is
seeking to reinvent the frozen yogurt business with its Froyo Robot, a
self-serve, frozen yogurt vending machine that can produce and serve up to 60
servings in an hour in a 12-foot space. Reis & Irvy currently offers 82 possible
flavor combinations and offer a choice of six toppings. Combining the company's
experience in healthy vending with this new technology, VEND is aggressively
pursuing growth by franchising Reis & Irvy's robotic vending machines. The
company appears to be gaining traction in the market, with a backlog of $16.5mn
in deferred revenue related to Froyo Robot bookings at the end of FY2Q17, and
franchise agreements that call for ongoing sharing on gross sales, with a
royalty rate of 12% on all revenues from franchisee robots. This should provide
an annuity like future revenue stream from its installed base.
Encouraging development partner, patent position
While VEND aggressively pursues sales efforts to grow its franchise base for
Reis & Irvy's, the company has engaged San Antonio-based Lancer Corporation as
their exclusive development partner for its Froyo Robots. VEND expects to make
delivery and installation on initial orders in this calendar year, with
aggressive manufacturing and distribution goals in place FY2018 (ending June
2018). We expect VEND to focus initially on building a franchise base, with
follow-on actions to build a network of company-owned machines in future years.
VEND has also established an intellectual property (IP) position intended to
support the technology for its Froyo Robots; the company cited several patents
held by subsidiary Generation Next Vending Robots, Inc. In a press release
issued by the company, VEND also indicated that it may pursue additional robotic
vending applications after frozen yogurt. If the company's patents and
intellectual property do support this, it clearly has the potential to add value
to the business.
Raising target to $1.50
We are updating our price target to reflect recent momentum in the business, as
disclosed by management in recent quarterly results. VEND appears to be gaining
traction quickly in the frozen yogurt market with its strategy of emerging as a
form of Redbox for frozen yogurt. We will revisit our target and forecast as
future results come in and the company heads towards FY18, when initial
installations are expected.
Please review important disclosures on our website at www.seethruequity.com.
About Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 kiosk brand and Generation NEXT Vending Robots,
our newly established owner/operator model. The Company hosts over 350 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision. www.Gennextbrands.com.
About SeeThruEquity
Since its founding in 2011, SeeThruEquity has been committed to its core
mission: providing impactful, high quality research on under-followed small-cap
and micro-cap equities. SeeThruEquity has pioneered an innovative business model
for equity research that is not paid for and is unbiased. SeeThruEquity is the
host of acclaimed investor conferences that are the ultimate event for publicly
traded companies with market capitalizations less than $1 billion.
SeeThruEquity is approved to contribute its research reports and estimates to
Thomson One Analytics (First Call), the leading estimates platform on Wall
Street, as well as Capital IQ and FactSet.
SeeThruEquity maintains one of the industry's most extensive databases of opt-in
institutional and high net worth investors. The firm is headquartered in Midtown
Manhattan in New York City.
For more information visit www.seethruequity.com.
Contact:
Ajay Tandon
SeeThruEquity
info@seethruequity.com
SOURCE: SeeThruEquity
Generation NEXT Franchise
Brands Launches New R&D Subsidiary to Expand Robotic Vending Portfolio
Newly formed Generation NEXT Vending Robots Inc. will be focused on the
development and expansion of robotic vending concepts utilizing newly-secured
patented technology
SAN DIEGO, CA -- (Marketwired) -- 03/06/17 -- Generation NEXT
Franchise Brands (OTCQB:
VEND) has announced that it has launched Generation NEXT Vending Robots
Inc., an internal subsidiary whose purpose will be the creation, development and
manufacturing of new robotic vending concepts that will utilize the many
features from recently acquired design and utility patents.
With the overwhelming interest and growth of Reis & Irvy's (www.reisandirvys.com),
a fully-automated robotic frozen yogurt vending machine franchise, Generation
NEXT decided to increase its focus towards other products that could utilize the
patents it owns that not only cater to frozen confectionary but also, and
broadly, to "food and beverage." Generation NEXT Vending Robots Inc., will be
solely focused on the creation, development and manufacturing of a new range of
robotic vending machines.
With the addition of the recently acquired patents, the company's portfolio now
includes utility and design patents that relate to robotic vending technology.
US Patent No. 7,896,038 covers a frozen confectionary vending machine and a
method for vending frozen confectionary products. In addition, US Patent No.
8,989,893 covers a vending machine for assembling and delivering food and drink
products. Design patents US D643,861 and US D647,926 cover a kiosk and vending
machine for assembly of frozen confectionary products. In addition, the secured
patents also include pending U.S. and international utility and design
applications that relate to confectionary, entertainment and foodstuff
dispensing stations.
With these patents now exclusively held by Generation NEXT Vending Robots Inc.,
the company is looking to provide ground-breaking, never seen before robotic
vending solutions that will showcase an assortment of technologies specifically
aimed to change the future of food and beverage automation.
"With the ownership of these patents, Generation NEXT Franchise Brands and more
specifically our newly-formed Generation NEXT Vending Robots Inc., is poised to
change the landscape of robotic vending technology," said Nick Yates, the
company's Chairman and Founder. "Our goal is to identify food and beverage
consumables, like we have already with frozen yogurt and ice cream, that can be
delivered using our patented robot vending technologies. Our objective is to
identify consumables that are subject to brick and mortar infrastructure that we
feel need a little disruption."
While the company is embracing its growing role in changing the future landscape
of robotic vending, Generation NEXT also recognizes that they cannot tackle (nor
develop) every niche opportunity within the growing market. With that
realization, the company will also be exploring unique licensing opportunities
with other companies who wish to take advantage of the broad scope of the
Patents owned. This approach will allow the company to keep its finger on the
pulse of all robotic vending applications that revolve around frozen
confectionary, food and beverages.
For more information on Generation NEXT Franchise Brands please visit
www.gennextbrands.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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 kiosk brand and Generation NEXT Vending Robots,
our newly established owner/operator model. The Company hosts over 350 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
Cautionary note on forward-looking statements
Except for historical information contained in this release, statements in this
release may constitute forward-looking statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company believes that
expectations are based upon reasonable assumptions, there can be no assurances
that goals, results and strategy will be realized. Numerous factors, including
risks and uncertainties, terms and availability of financing, may affect actual
results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In addition to
statements, which explicitly describe risks and uncertainties, readers are urged
to consider statements labeled with such terms as "believes," "belief,"
"expects," "intends," "feels," "anticipates," "proposes," "proposed," or "plans"
to be uncertain and forward-looking. More detailed information on these and
additional factors that could affect Generation NEXT's actual results are
described in Generation NEXT's filings with the Securities and Exchange
Commission, including its most recent Form 10-Q's for the quarterly periods
ended December 31, 2016 and September 30, 2016, and its annual report on Form
10-K for the fiscal year ended June 30, 2016. All forward-looking statements in
this news release speak only as of the date of this news release and are based
on Generation NEXT's current beliefs and expectations. Generation NEXT
undertakes no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, except as
required by law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Generation NEXT Franchise
Brands Announces 2nd Quarter Results
Record Receivables and Deferred Revenues of $9.6 Million and $18.5 Million,
Respectively, Lead the Quarter
SAN DIEGO, CA -- (Marketwired) --
02/27/17 -- Generation NEXT Franchise Brands (OTCQB:
VEND) reports
financial results for its second fiscal quarter December 31, 2016.
Overview and highlights for the second quarter of fiscal 2017 as compared to the
second quarter of fiscal 2016:
- Reis & Irvy's bookings aggregated 143 units and $5.5 million compared to zero
in the prior year;
- Accounts receivables aggregated $9.6 million compared to $1.8 million;
- The Company acquired all the intellectual property of Robofusion for $2.4
million (developer of frozen yogurt / ice cream robot technology);
- Deferred revenue increased to $18.5 million compared to $8.1 million;
- The Company's net loss increased to $3.0 million from $900k. This included
additional expenses related to the following: marketing ($189k); personnel
($281k); professional fees ($439k); research & development ($307k); Robofusion
license fees ($395k), and derivative liability expense ($361k);
- The Company's operations provided $799k cash compared to using $527k cash in
the prior period;
- Fresh Healthy Vending revenues decreased from $1.6 million in the prior period
to $1.2 million in the current period as the - Company continues to fulfill its
remaining healthy vending obligations;
- Major milestone achieved in booking our 500th froyo unit in December 2016.
"I am pleased our new froyo concept has been so widely accepted and is
continuing to show strong demand across the U.S.," stated Arthur S. Budman, CEO
and CFO. "Looking forward, we are highly focused on completing development on
our next generation robot, driving both top line growth and bottom line
profitability through continued sales expansion both domestically and
internationally, as well as investing in new robotic vending concepts."
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 reisandirvys.com. To learn more about Generation NEXT
Franchise Brands or their family of brands, including Reis & Irvy's, Fresh
Healthy Vending or 19 Degrees, please visit www.gennextbrands.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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 kiosk brand and Generation NEXT Vending Robots,
our newly established owner/operator model. The Company hosts over 350 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
Cautionary note on forward-looking statements
Except for historical information contained in this release, statements in this
release may constitute forward-looking statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company believes that
expectations are based upon reasonable assumptions, there can be no assurances
that goals, results and strategy will be realized. Numerous factors, including
risks and uncertainties, terms and availability of financing, may affect actual
results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In addition to
statements, which explicitly describe risks and uncertainties, readers are urged
to consider statements labeled with such terms as "believes," "belief,"
"expects," "intends," "feels," "anticipates," "proposes," "proposed," or "plans"
to be uncertain and forward-looking. More detailed information on these and
additional factors that could affect Generation NEXT's actual results are
described in Generation NEXT's filings with the Securities and Exchange
Commission, including its most recent Form 10-Q's for the quarterly periods
ended December 31, 2016 and September 30, 2016, and its annual report on Form
10-K for the fiscal year ended June 30, 2016. All forward-looking statements in
this news release speak only as of the date of this news release and are based
on Generation NEXT's current beliefs and expectations. Generation NEXT
undertakes no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, except as
required by law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
Reis & Irvy's Securing Key
Market Franchisee Locations for Frozen Yogurt Vending Robots Throughout the
United States
Corporate-driven location procurement initiative rolls out to some big names and
a bright outlook for the program ahead
SAN DIEGO, CA -- (Marketwired) --
02/22/17 --Reis & Irvy's, subsidiary franchise concept of
Generation NEXT Franchise Brands (OTCQB:
VEND) announced
today that progress on securing key high-traffic locations for their franchise
network is in progress and gaining extensive territory. The fully-automated "Froyo
Vending Robots" were launched in early 2016 as a unique franchise opportunity
and one which has already resulted in a national network of over 135 appointed
franchisees. As part of several turn-key resources and initiatives offered to
those individuals, Reis & Irvy's introduced a dedicated Location Procurement
department to assist owners and operators across the country in researching,
analyzing and securing locations on their behalf where the vending robots will
have the greatest opportunity for traffic and success.
As the number of Reis & Irvy's franchises across the United States continue to
grow (the concept is now approved in 49 states coast to coast) the key focus of
the company is to ensure the success of their brand ambassadors. Reis & Irvy's
has recently negotiated and locked up several notable national locations that
include Denver Science Center, Discovery Science Center Salt Lake, St Joseph's
Hospital Indiana, Dallas Baptist University, The Denver Nature and Museum Park,
Fort Knox Military Base, Park West Hospital Knoxville, Strike and Spare Family
Fun Center Nashville, The River Sports Rapids Recreation Center Oklahoma, Alley
Cats, Arlington, TX, The Dallas Medical Center, Outlet Shops Grand River, South
Park Mall Charlotte, Mockingbird Station Mall Dallas plus multiple Hy-Vee and
Price Chopper grocery stores throughout Missouri and Kansas.
With the ability for the Froyo Robots to adapt to almost any consumer
environment, the company has focused on high-traffic destinations, where captive
and active audiences are evident. Hospitals, Grocery Stores, Malls, Family
Entertainment
Centers, Colleges, Military Bases and Museums/Science Centers all work as
potential areas of opportunity for franchisees and the robots themselves.
Working with some of the biggest and best property management companies in the
country Reis & Irvy's has secured over 60 premier locations to date with nearly
100 outstanding agreements going through the various channels for approval. All
through a dedicated process and corporate team in-house that is focused on
franchisee growth.
"First and foremost, we're here to serve our franchisees in each market and to
maximize each robot's potential," says Rod Everett, Vice President of Business
Development for Reis & Irvy's. "Our team of Placement Specialists continuously
study the contributing influences for a successful location which include high
daily foot traffic, demographics, days/hours of operation and the socio-economic
patterns of each location in each territory. When a location qualifies, we work
directly with the decision maker at the business to ensure that a partnership
with our franchisees will benefit their business, our franchisees success, and
deliver a quality experience to consumers. When all three of those factors are
aligned, a deal is made, and everyone wins."
Franchisee Tamara Sharff can attest to those efforts and processes that Reis &
Irvy's dedicates to its network of franchisees. The Dallas native who recently
became a franchise owner has experienced the first steps of the onboarding
process in becoming a franchisee. "It really has been a very streamlined and
informative process," says Sharff, whose first robot will be placed at the
5000-plus student Dallas Baptist University. "From the discovery process through
meeting each member of the Reis & Irvy's corporate team, to now having locations
secured for me in such ideal destinations, I couldn't be happier across all
levels. More importantly, the Dallas Baptist University location was a direct
result of Reis & Irvy's dedication to finding and securing the perfect location
for my first Froyo Robot. That is something that was promised to me and huge to
see from this franchisor."
From the early launch of the concept, Reis & Irvy's recognized that the location
possibilities for the Froyo Robots were limitless. The company began focusing on
locations that could mirror the experience that consumers have with the robot,
specifically fun and active locations where the location and the franchisee
could both benefit from the excitement that a Reis & Irvy's Froyo Robot
generates. More importantly, the company wanted to ensure that processes and
resources were put in place to make that happen.
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.
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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 kiosk brand and Generation NEXT Vending Robots,
our newly established owner/operator model. The Company hosts over 350 active
franchisees throughout the United States, Canada, Puerto Rico and the Bahamas,
and continually looks to partner with like-minded entrepreneurs who share its
vision.
Cautionary note on forward-looking statements
Except for historical information contained in this release, statements in this
release may constitute forward-looking statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about future events
that are based on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company believes that
expectations are based upon reasonable assumptions, there can be no assurances
that goals, results and strategy will be realized. Numerous factors, including
risks and uncertainties, terms and availability of financing, may affect actual
results and may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In addition to
statements, which explicitly describe risks and uncertainties, readers are urged
to consider statements labeled with such terms as "believes," "belief,"
"expects," "intends," "feels," "anticipates," "proposes," "proposed," or "plans"
to be uncertain and forward-looking. More detailed information on these and
additional factors that could affect Generation NEXT's actual results are
described in Generation NEXT's filings with the Securities and Exchange
Commission, including its most recent Form 10-Q for the quarterly period ended
September 30, 2016, and its annual report on Form 10-K for the fiscal year ended
June 30, 2016. All forward-looking statements in this news release speak only as
of the date of this news release and are based on Generation NEXT's current
beliefs and expectations. Generation NEXT undertakes no obligation to update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law.
Media Contact:
Generation NEXT Franchise Brands
info@gennextbrands.com
Source: Generation NEXT Franchise Brands
-------------------------------------------------------------------
About Generation Next Franchise Brands Inc.:
Company Overview
Located in San Diego California, Generation NEXT Franchise Brands 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 LLC,
the world’s first robotic frozen yogurt vending kiosk and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts a combined total
of 290 active franchisees throughout the United States, Canada, Puerto Rico and
the Bahamas, and continually looks to partner with like-minded entrepreneurs who
share its vision.
About Us
At Generation NEXT we are focused on changing the landscape of the vending
industry and continually strive to redefine the purchase experience between
machine and consumer. Across all of our franchise concepts, innovation,
technology and evolution are at the core of our business approach. From our
revolutionary and groundbreaking Reis & Irvy’s Robotic FroYo Kiosks, the worlds
first ever frozen yogurt served by robotic technology, to our concept that
pioneered the movement of healthy options; Fresh Healthy Vending which
introduced healthy options to a sugar-filled industry, we are innovators and
developers of the future of the vending industry.
Brands
Generation NEXT Franchise Brands is home to three revolutionary franchise
concepts offering entrepreneurs across the country exciting opportunities within
all major markets. We encourage you to explore our offerings to learn more about
our concepts, available opportunities and how you can be part of the Generation
NEXT family of brands.
Fresh Healthy Vending - https://www.freshvending.com/
As the pioneers and innovators of the healthy vending movement, Fresh Healthy
Vending is focused on offering healthier choices for a better tomorrow. In a
world overrun with unhealthy eating, skyrocketing obesity rates and sugar-filled
options, Fresh Healthy Vending started the healthy vending crusade and
revolutionized the vending machine industry. Our passion, knowledge, and
expertise will help you lead the charge in creating healthier communities.
Through strategic alliances with organizations that include Smart Snacks In
School and the Wellness Lives Here initiative in partnership with American
Diabetes Association, Fresh Healthy Vending remains at the forefront of healthy
vending options for communities everywhere.
Reis & Irvy’s - http://www.reisandirvys.com/
Customized. Delicious and revolutionary. The Reis & Irvy’s “FroYo Kiosk” is the
first fully automated frozen yogurt robot
vending
machine to ever hit the market. This amazing kiosk serves up to nine incredible
flavors with a choice of six delicious toppings, and its interactive, robotic
design makes it a visual spectacle for consumers of all ages. Imagine, creamy,
delicious customized frozen yogurt creations served by a robot that creates
excitement, fun and customer engagement practically anywhere it is placed. The
Reis & Irvy’s experience is changing the landscape of the frozen yogurt world
forever.
19 Degrees Premium Frozen Yogurt
Created for multi-unit retail and big box venues, 19 Degrees Premium Frozen
Yogurt delivers customized creations to high-traffic, high visibility corporate
locations across the country. 19 Degrees is our corporate owned concept
operating throughout the country and to be licensed exclusively outside of the
US. Within every major market and across multi-unit locations such as
convenience stores, grocery chains, transportation stations movie theaters and
retail outlets, 19 Degrees provides premium frozen yogurt to the
masses, while generating
repeat customers and foot traffic to venues across the county. Slated for launch
in September 2016, 19 Degrees will continue to revolutionize large scale vending
with a customer experience like no other.
News
Generation NEXT Franchise Brands continues to break new ground and advance the
growth of the vending industry everywhere. To read more about our latest moves,
news and developments, simply scroll through our media news archive below. There
you will find our latest press releases, links to news articles, featured
stories, interviews and national coverage of our company and our entire family
of franchise brands.
Our Team
Art Budman – CEO/CFO
Nick Yates – Chairman/Founder
Nik Wright – VP Operations
Rod Everett – VP Sales
Paul Schmidt – Chief Marketing Officer
TJ Rogers – Director of Franchising
James Noons – Franchise Development
Shaun Hagopian – Franchise Development
Todd Luger – Franchise Development
Ryan Ball – Operation Manager
Angela Carpenter – Director of Franchise Relations
Zeli Leon – Operations Coordinator
Tracy Ferrer – Franchise Assistant
Jaime Furtado – Systems and Operations Manager
Debby Feaver – Finance Controller
Erika Pineda – Accounting
Debbie Mokross – Accounting
Elaine Gordon – Senior Accountant
Alexis Blumhagen – Marketing Assistant
.SOURCE: http://www.gennextbrands.com/
Disclaimer
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that are discussed in this release may or may not have approved the statements
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Generation Next Franchise Brands Inc. coverage by
the company. FNMG HOLDS NO SHARES OF Generation Next
Franchise Brands Inc.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
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circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings made by such company with the
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