Reis & Irvy’s Offers Corporate Location Managers an Additional, Passive Profit Center in Just 15 Square Feet of Space
SAN DIEGO, CA, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next Franchise Brands (OTCQB: VEND) announced today that its flagship subsidiary and premium, robotic soft serve franchise, Reis & Irvy’s, has launched a new informational website for potential location partners.
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. “The new website serves as an entry point where companies and location management teams can obtain some initial information and express their interest in hosting a Reis & Irvy’s kiosk or kiosks.”
From there, Yates said, a dedicated team will work with potential locations and their management teams to analyze their potential. Yates detailed benefits to sites hosting a Reis & Irvy’s kiosk including:
- 24/7 operation, no people required, which is great for facilities with demand for food before or after the main food service or cafeteria closes
- Wide range of Dannon YoCream flavors and blends
- Remodeling not required – the kiosk is self-contained and only needs a 220V outlet
- Hands-off for the local site because maintenance and support is provided by Reis & Irvy’s national network of operators and distributors
- Ongoing marketing and flavor promotions
- Improves the overall experience of employees and customers
- Drives additional traffic to the business itself
Jay Rader is the Director of Food and Nutrition at Johnson City Medical Center, where food service is managed Morrison Healthcare (a division of the Compass Group). Rader chose to install a Reis & Irvy’s kiosk and had this to say about his experience, “Reis and Irvy’s brings swirls of smiles to staff and visitors here.”
Beginning in April, 2019, Generation Next intends to select an additional 75 to 100 locations per month to receive Reis & Irvy's kiosks. This new information portal will help Generation Next identify the best locations for the frozen yogurt robots. Key traits of top locations include:
- 6-7 day per week access
- 10+ operating hours per day
- Foot traffic of 2,000+ people per day (on average)
The new website is intended to address the growing interest from potential location partners as well as to support the company’s selection of the right locations. “With production and delivery increasing, we can turn our attention to location procurement,” Yates said, adding that the company has hired a new National Sales Director whose eyes are on some of the country’s largest retailers. Testing with some of the largest regional and national companies and retailers is already underway.
There are some 200 Reis & Irvy’s kiosks currently installed nationwide, with some 300 premium locations currently secured and pending installation. “We’re making sure that location procurement keeps up with the level of kiosk production and delivery expected later this year, and that we have premium locations available for all of our franchisees and our ‘19 Degrees’ corporate run units,” Yates said.
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 OTCBB:VEND. Generation NEXT Franchise Brands, Inc. is parent company to Reis and Irvy's, Inc. and Generation NEXT Vending Robots.
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 Vending Robot serves 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.
This information is not an earnings statement and 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.
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 filings with the Securities and Exchange Commission (SEC), including our most recent Annual Report on Form 10-K for the year ended June 30, 2018, 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.