Left to right: Nassim
Bayat, Sahar Bayat team up with Nick Yates of Generation NEXT
Franchise Brands
Purchase of 588 Patented
Automated Retail Robots Targets Disruption of Retail
Brick-and-Mortar
San Diego, CA -- March 21, 2018 -- InvestorsHub NewsWire -- Reis
& Irvy’s (www.reisandirvys.com), a subsidiary franchise concept
of Generation NEXT Franchise Brands, Inc. (www.gennextbrands.com)
(OTCB: VEND), announced today a record franchise agreement, which
represents over $23,000,000 if certain purchase objectives are met,
for two of California’s largest markets. Local investor and
entrepreneur, Nassim Bayat, will have exclusive rights to all Reis
& Irvy’s locations throughout Orange County and the City of Los
Angeles.
Launched in 2016, Reis & Irvy’s froyo robot has pre-sold
over 1,000 units worth an estimated $40 million in deferred
revenues and is scheduled for mass rollout by manufacturing
partner, Flex Ltd., begining in April 2018.
Exclusively partnered with Dannon YoCream, Reis & Irvy’s
units are capable of delivering frozen yogurt, ice cream, gelato,
acai, frozen ice and custard with toppings within 60 seconds or
less. Designed to disrupt brick and mortar frozen yogurt concepts,
Reis & Irvy’s is a self contained, labor-free retail store
placed within high traffic locations such as amusement parks, movie
studios, theatres & tourist attractions.
“Reis & Irvy’s is just the first application of our patented
robotics designed for brick-and-mortar retail disruption,” said
Nick Yates, Chairman and Founder of Generation Next Franchise
Brands. “We selected Nassim Bayat for his track record of success
in every business he’s been invovled with to demonstrate the
strength of our technologies in both Orange County and Los Angeles
and couldn’t be happier with this partnership”
Reis & Irvy’s has teamed up with some of the world’s largest
manufacturing and logistics partners including Dannon YoCream,
Flex, Ltd. (www.flex.com) who was responsible for 45,000 Redbox
units, Stoelting Food Service (www.stoelting.com), who created the
very first soft-serve machine for Dairy Queen, and Pitney Bowes
(www.pitneybowes.com), who will provide the installation and a
national servicing.
“Aside from the technology and innovation of the Reis &
Irvy’s products, what really attracted me to this opportunity was
the leadership team at Generation NEXT Franchise Brands,” said
Bayat. “While I do not have prior experience in the robot
vending space, I know the competitive advantages of a
well-structured business model. These machines, created through
global partnerships, and the team of visionaries at Generation NEXT
are the future of an industry that is in need of a shift. This is
the start of a revolution of a commodity that remains a consumer
favorite. I saw the opportunity here to be part of something big,
great, and ultimately something that will change the industry
forever. I’ve made it my career to see business opportunities like
this. We’re going to make waves.”
Nassim Bayat, who showcases an impressive 20-plus year
background in both domestic and international business (as well as
a degree in electrical engineering), has been building, operating
and expanding his own companies since the late 1980s, including
Controls Engineering, SNE Systems, Inc., and Alliant Development
Company. At one point, Bayat was heavily involved in the
brick-and-mortar frozen yogurt business, which combined with his
knowledge of engineering, is one of the main reasons he was
immediately drawn to the Reis & Irvy’s opportunity. He saw the
potential, the technological advantage and the chance to redefine
the froyo industry through disruption.
For more information on the revolutionary Froyo Robots or to
learn more about how you can own your own Reis & Irvy’s Froyo
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. (OTCB: VEND). Launched in
early 2016, the revolutionary Reis & Irvy’s Froyo Robot vending
machine serves seven different flavors of frozen yogurt, ice cream,
sorbets and gelato’s, 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 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.
Media Contact: Lisa Delaney 949-500-6752 info@gennextbrands.com