Company launches new concept in vending robotics, acquires IP Technology and generates over $19,000,000 in franchise bookings during 2016
SAN DIEGO, CA - (Marketwired - Jan 27, 2017) - Generation NEXT Franchise Brands (OTCQB: VEND)
Dear Generation NEXT (OTCQB: VEND) Shareholders;
The New Year is often a time of inward reflection on the developments of the past year, with ambitious goal setting for the coming year ahead. I am pleased to say that 2016 was a year of game-changing transformation and tremendous progress for the Company. We believe that the last two quarters of 2016 have uniquely positioned the Company and the brand for long-term success.
I would first like to thank all of the shareholders for their continued support of the Company. We greatly appreciate the confidence you place in Generation NEXT's business model, management, and mission. As we move forward, I believe we will continue to capitalize on our momentum and create increased shareholder value especially from our new Reis & Irvy's Froyo Robot concept. For a video of our Froyo Robot in action, please see the following:
Our low investment Reis & Irvy's franchise can be purchased for $160,000. This compares to the average initial franchise investment of $520,000 across 3,500 brands, according to Brandon Gaille, marketing expert and blog master. Our franchise includes a minimum of four robots, location procurement services, consumable supply distribution and fulfillment from Honey Hill Farms, via U.S foods and Sysco, training at the headquarters of our development partner Lancer Corporation, which also provides logistics support in the form of delivery, installation and technical support as well as marketing initiatives provided in the form of in-store flavor promotions among other initiatives.
We look forward to 2017 and developing more successful relationships with our franchisees, shareholders, partners, and associates.
Please note that all franchise bookings are recorded as deferred revenues on our consolidated balance sheet, which as of September 30th, 2016 aggregated $14.6 million. Once the Company commences delivery of the Robots, the deferred revenues will be recognized as actual revenues on a pro-rata basis.
We expect 2017 to be a busy year for development of our next generation Froyo Robot, continued sales expansion, both domestically and internationally, and increased corporate operations and location procurement services throughout the U.S.
We plan to continue positioning ourselves as a developer and market leader of robotic vending machine concepts by focusing and delivering upon the following objectives:
In closing, we believe that we are uniquely positioned for the challenges ahead and look forward to executing on our evolving business model. Again, we thank all of our shareholders for their continued support and look forward to an exciting and prosperous 2017.
Arthur S. Budman
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 or its 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, Inc., the world's first robotic frozen yogurt vending robot 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.
Except for historical information contained in this release, statements 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.
SOURCE Generation NEXT Franchise Brands
Generation NEXT Franchise Brands