SAN DIEGO, CA - (Marketwired - Sep 19, 2016) - (OTCQB: VEND) - Generation NEXT Franchise Brands announced today that the company closed out August with $1,815,000 in franchise bookings. The performance marks the continuation and expansion of their newly-launched frozen yogurt robot kiosk concept Reis & Irvy's.
The Reis & Irvy's Froyo Robot concept accounted for 52 units sold in August and represented the addition of 13 new franchisees. Since its launch in May, 2016 Reis & Irvy's has appointed 59 new franchisees. Generation NEXT now maintains a network of 305 total franchisees between both its franchise brands, including Fresh Healthy Vending which operates 246 franchises.
"I am excited to report that we are continuing our already solid start to fiscal 2017, which has seen the completion of our recent name change and the launch of our second franchise concept. We have recorded $7,199,000 of deferred revenues since the launch of Reis & Irvy's," said Nick Yates, Chairman of Generation NEXT Franchise Brands. "Our quest now is to match these amazing robots with even more amazing locations for our franchisees."
That quest is one that Reis & Irvy's will be kicking into high gear almost immediately. In fact, beginning next month, the brand will be launching a comprehensive messaging campaign across multiple platforms that include print advertising (with multiple cover stories), strategic online marketing, national event sponsorships and location-focused messaging aimed at marrying Froyo Robots together with the ideal location.
"Our Froyo Robots revolutionize the customer experience within any location they are placed," says Paul Schmidt, Chief Marketing Officer for Generation NEXT Franchise Brands. "Whether it's a mall, movie theater, grocery store, hospital, convenience store, tourist attraction or college campus, a Reis & Irvy's Froyo Robot enhances the customer environment and allows us to provide endless opportunities to both our franchisees and to their respective host locations. Opportunities that go well beyond profitability, but rather forge greater customer retention, increased traffic and brand loyalty. That is the core foundation for our newly focused brand campaign and one which we are excited to announce."
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, 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 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 305 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.
Generation NEXT Franchise Brand's stock is traded on the OTC Markets under the symbol: VEND.
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, 2016, December 31, 2015 and September 30, 2015, and its annual report on Form 10-K for the fiscal year ended June 30, 2015. 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.
SOURCE Generation NEXT Franchise Brands
Generation NEXT Franchise Brands