Franchisor expects a minimum rollout of 1400 units worth an estimated $56 million in revenue for the calendar year 2018
SAN DIEGO, CA. , May 30, 2018 (GLOBE NEWSWIRE) -- Reis & Irvy’s, Inc., (OTC: VEND) (www.reisandirvys.com) a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (www.gennextbrands.com), today announced its first 50 location installs that are scheduled to receive the first production run of fully-automated frozen desert vending robots in the month of June.
The patented technology, manufactured and assembled by Flex, Ltd (www.flex.com), will feature frozen yogurt produced exclusively for Reis and Irvy’s from Dannon YoCream (www.yocream.com). All deliveries and installations will be handled by Generation NEXT’s strategic operations partner, Pitney Bowes (www.pitneybowes.com), a trusted global service and logistics solutions provider.
Reis & Irvy’s has been focused on finding homes across the country for the franchised Frozen Yogurt Robots in premiere, high-traffic location categories that include hospitals, theme parks, airports, family centers, movie theaters, tourist attractions, airports, hotels and Fortune 500 corporations.
Some of the notable June location installations receiving the vending robots next month offered some quotes:
“Mall of Abilene is excited to introduce this fun and unique froyo experience to our shoppers. It’s something anyone of any age can enjoy in a brand new way,” said Michelle Parker, Marketing and Specialty Leasing Manager, Mall of Abilene.
“We are looking forward to giving our museum guests a chance to make a truly personalized cool treat in a unique yet easy way,” said Patti Reiss, Director of Museum Experiences, Mississippi Children's Museum.
“We are so excited to add Reis & Irvy’s to our concession mix for all our movie-going customers,” said Mick Stieler, CFO, COO Showplace Cinemas, Evansville, IN.
“Anything we add to our park, tends to have a certain level of excitement because we're a trampoline park and excitement is what we do,” said Nicole Cochetti, Director of Marketing and Park Operations of Flight Trampoline Park in New York. “We like to think we have the latest attractions and we're always taking fun to the next level and the Reis & Irvy’s Frozen Yogurt Robot certainly does that for us!”
“Our entire network including franchisees, shareholders and our employees are extremely excited to see our first run of robots hit the market,” said Nick Yates, Chairman for Generation NEXT Franchise Brands. We can now begin providing case studies and live testimonials from both customers and location partners reacting to our newly developed and very much improved next generation vending technology.”
For more information on the revolutionary Frozen Yogurt Robots or to learn more about how you can own your own Reis & Irvy’s Frozen Yogurt Robot franchise, visit the Reis & Irvy’s website at www.reisandirvys.com or call toll free 888-902-7558. Follow us on Twitter @Reisnirvys, on Facebook @reisandirvys and on Instagram @reisnirvys.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. No Reis & Irvy's franchises will be sold to any resident of any state until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such state and the required FDD (if any) has been delivered to the prospective franchisee before the sale in compliance with applicable law. Currently, the following states in the United States regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you reside in one of these states, or even if you reside elsewhere, you may have certain rights under applicable franchise laws or regulations.
About Generation NEXT Franchise Brands, Inc.
Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol: VEND. Generation NEXT Franchise Brands is parent company to Fresh Healthy Vending LLC, the market’s leading healthy-choice vending machine franchise, Reis and Irvy's, Inc., the world’s first robotic frozen yogurt vending kiosk, 19 Degrees, a corporate-focused frozen yogurt robot brand and Generation NEXT Vending Robots, our newly established owner/operator model. The Company has sold over 600 franchises throughout the United States, Canada, Puerto Rico and the Bahamas, and continually looks to partner with like-minded entrepreneurs who share its vision.
About Reis & Irvy’s, Inc.
Reis & Irvy’s, Inc. is a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (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.
Cautionary note on forward-looking statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others, statements concerning our future financial performance, including statements regarding: our ability to generate revenue and recognize deferred revenue; our ability to timely launch delivery and installation of our frozen yogurt robots; and our ability to grow our franchising and licensing divisions and launch our corporate-owned and direct sales platforms. The Company bases these forward-looking statements on its current expectations, estimates and projections about future events and the industry in which it operates using information currently available to it. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Forward-looking statements are identified by words such as "believe," "anticipate," "propose," "expect," "intend," "plan," "will," "may," "estimates," variations of such words and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Factors that could cause actual results to differ from those implied by the forward-looking statements contained in this press release are set forth in our fillings with the Securities and Exchange Commission (SEC), including our most recent Annual Report on Form 10-K for the year ended June 30, 2017, our Quarterly Reports, and our Current Reports on Form 8-K. Be advised that developments subsequent to this press release are likely to cause these statements to become outdated and the Company is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.