|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.5500 - 0.6199|
|52 Week Range||0.4490 - 2.7800|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 7, 2017 - Apr 10, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
SAN DIEGO, CA, April 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (VEND) announced today that it would be showcasing both its Reis & Irvy’s and Print Mates™ unattended retail offerings at the 2019 NAMA Show, an event of the National Automatic Merchandising Association (NAMA). Founded in 1936, NAMA is the association representing the entire $25 billion U.S. convenience services industry, including the food and refreshment vending, coffee service and foodservice management industries, including on-site, commissary, catering and micro markets. With more than 1,000 member companies, NAMA represents many of the world’s most recognized brands.
“Our first nine months of operating Reis & Irvy’s robots, from July last year through March this year, have been a wild ride but our company and our ecosystem have been constantly learning along the way,” said Nick Yates, CEO of Generation Next. “I have talked extensively about the improvements made to our technology from the initial alpha units to the current mass production kiosks.
Nick Yates, CEO of Generation NEXT Franchise Brands, said that the Print Mates assets will be held by a wholly owned subsidiary of Generation Next which will operate separately with its own facilities, staff, and resources. “It is extremely important to us that Print Mates, or any acquisition, is mature enough and has the right team, product and supply chain to operate independently, as a wholly-owned but separate subsidiary.
The report is part of a continued effort to keep all Company stakeholders better informed of key operating metrics. 7 locations were allocated to the robot investment fund - 19 Degrees Corporate Service LLC. Added 11 units of 19 Degrees Corporate Service which resulted in collecting $173,514 of investment to be used for the purchase and installation of robots.
SAN DIEGO, CA, April 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next Franchise Brands (VEND) announced Ryan Polk as Chief Financial Officer and Chief Operating Officer of the Company. Polk began working for Generation Next as a consultant in early January and was tasked with improving the supplier relationships and increasing the production of quality kiosks for the Company’s flagship Reis & Irvy’s brand. Polk replaces Art Budman as CFO who is leaving the Company.
SAN DIEGO, March 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next Franchise Brands (VEND) announced today an increase in the estimate of Reis & Irvy’s robots to be installed during the fiscal year ending June 30, 2019. The Company now estimates that it will install between 330 and 380 Reis & Irvy’s unattended retail kiosks during the full fiscal year ending June 30, 2019, with annual revenue recognized between $12.5 million and $14.4 million, compared to the most recent former estimate of between 290 and 340 installations and previously estimated recognized revenue of between $11 million and $12.9 million. This implies approximately 130 to 180 additional robots will be installed during the Company’s fourth quarter, which would yield quarterly revenue between $4.9 million and $5.7 million. The revised estimate is the result of higher than expected kiosk production, Company officials said.
SAN DIEGO, CA, March 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next Franchise Brands (VEND) announced today that its flagship subsidiary and premium, robotic soft serve franchise, Reis & Irvy’s, has begun general distribution of an updated software and firmware bundle for its robotic kiosks, known as Version 0.71. Version 0.71 was first beta tested on 61 kiosks before being approved for general release, and consists of both a firmware (low-level software that controls a device’s specific hardware) and software update which together improve system stability and significantly improve the kiosks’ payment systems, among other fixes and improvements. “We are extremely happy that the Stoelting Firmware and 0.71 software version upgrades have apparently eliminated the HVB (High Voltage Board) issues we had been having at the Art Institute.
The portal, located on the web at FroyoRobots.com , is designed to provide introductory information to food service managers and facility decision makers who have taken interest in the unique opportunity offered by Reis & Irvy’s. “Airports to major hotel chains, colleges and universities to corporate campuses, major national retailers and many others are asking how Reis & Irvy’s can add additional profit and service to their existing space,” said Nick Yates, CEO of Generation Next.
SAN DIEGO, CA, March 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (VEND) announced its monthly report to stakeholders for the month of February today. In January, Generation Next announced the launch of 19 Degrees Corporate Service LLC (“19 Degrees”) to provide Reis & Irvy’s robots to locations outside of existing franchise territories and provide a structure to investors to own robotic frozen yogurt vending kiosks operated by the Company in return for passive income.
SAN DIEGO, CA, Feb. 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next (VEND) announced today that its flagship subsidiary and premium, robotic soft serve franchise, Reis & Irvy’s, has sold a milestone 200,000 cups of frozen yogurt. The announcement comes less than two months since the company announced it had sold its 100,000th cup. “Our strong sales growth during what many have described as the cold spell of a generation should certainly alleviate any remaining concerns in terms of seasonal impact on sales performance,” said Nick Yates, CEO of Generation Next. Reis & Irvy’s sold 45,491 cups of yogurt in January, representing $215,545 in consumer yogurt sales, compared to 37,494 cups sold worth $176,837 in consumer yogurt sales during December, a month-on-month increase of more than 21 percent, the company reports. The average sale price was $4.74 per cup in January.
SALT LAKE CITY, UT, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed an exclusive franchise agreement for the robot-staffed frozen yogurt and ice cream chain in Salt Lake County, UT and Utah County, UT.
SAN DIEGO, CA, Feb. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next (VEND) announced today that it has reached an interim agreement with Wisconsin-based Stoelting Foodservice (a division of the Vollrath Company, LLC) in which Stoelting will provide manufacturing and engineering services for the Reis & Irvy’s premium soft serve robotic vending technology. The Reis & Irvy’s automated vending kiosks deliver customers up to six different flavors of frozen yogurt and/or ice cream with a selection of six custom toppings, all at the point of sale and within 60 seconds. The patented technology is currently installed in over 170 US locations with 20 kiosks now in Canada and Australia.
SAN DIEGO, CA, Feb. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Starting with January 2019, Generation Next (VEND) will be providing monthly reports on operations. On January 8th, the Company announced the launch of 19 Degrees Corporate Service LLC (19 Degrees) to provide Reis & Irvy’s robots to locations outside of existing franchise territories.
Augusta, GA, Jan. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed an agreement with exclusive master franchise rights for the robot-staffed frozen yogurt chain in Augusta, GA. The $1,900,000 deal includes contracts for 12 Reis & Irvy’s locations along with an agreement and letter of intent for an additional 24 locations to be secured throughout the exclusive market. Generation Next Franchise Brands, Inc. (VEND) is the developer of the world’s first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. Reis & Irvy’s unattended robots eliminate the need for costly rents and employees, significantly reduce food safety concerns, theft, and are capable of operating 24-hours a day.
Over the past few weeks, our operations team in partnership with the developers at Stoelting, Rethink, e2c, and Nayax have made tremendous improvements in the reliability and operation of the Reis & Irvy’s kiosk.
SAN DIEGO, CA, Jan. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next Franchise Brands, Inc. (“Company” or “Generation Next”) announced today the launch of 19 Degrees Corporate Service LLC, a new investment vehicle for its network of current and future robotic soft serve vending kiosk owners. 19 Degrees Corporate Service, LLC will initially launch with 48 secured locations strategically placed throughout the country.
Generation Next Franchise Brands (OTCBB – VEND) announced today results from its field sales designed to improve overall kiosk performance, determine consumer pricing habits and identify the best performing location categories.
Thank you for your continued support in Generation Next Franchise Brands (VEND). In the background, we have been working tirelessly with our partners at Flex, Rethink Motion, Hartfiel, Stoelting, EPMP and E2C Communications to refine and improve our patented robotic vending technology. To date, we have installed 137 Alpha Production Units.
Generation Next Franchise Brands, Inc. (“Company” or “Generation Next”) announced today the launch of a new, Company-owned robotic vending kiosk portfolio. The Company-owned portfolio will initially launch with 12 Reis & Irvy’s-branded, robotic soft-serve vending kiosks capable of serving frozen yogurt, ice cream, sorbet, gelato, even organic almond milk-based frozen desserts and other, yet-to-be-announced products. These kiosks will be installed in a variety of location categories including hospitals, colleges, family fun centers, large corporate facilities, military bases and airport locations.
SAN DIEGO, Nov. 12, 2018 -- Generation Next Franchise Brands (OTCBB:VEND) today announced a special meeting of shareholders will be held Monday December 10th, at 2:00p.m PST,.