Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Understand that Nick was interviewed this morning by Maria Bartiromo (Fox Futures) on the sidewalk in front of Fox News where VEND had a FroYo robot set up. Not sure when it will air but María evidently really liked the yogurt.
Generation NEXT Franchise Brands Announces $2 Million Exclusive Franchise Contract for Columbia, South Carolina
Agreement Includes Initial Purchase of 20 Robotic Vending Kiosks and Commitments to Buy an Additional 24 Units
SAN DIEGO, CA -- May 28, 2019 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands, Inc. (OTCQB: 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 Columbia, South Carolina. The $2 million, exclusive territory contract includes the upfront purchase of 20 kiosks, with contract commitments to purchase an additional 24 kiosks over the next five years.
Reis & Irvy’s is the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. The kiosk’s unattended robots eliminate the need for costly rent and labor, significantly reduce food safety concerns and are capable of operating 24-hours a day. The signature robots can dispense servings of frozen yogurt, ice cream, gelato and sorbet finished with a selection of six delicious toppings in less than 60 seconds.
Columbia is the capital and second largest city in South Carolina, a state which continues to set tourism records year-after-year. The city is home to the University of South Carolina, the state's flagship university and the largest in the state, with more than 34,000 students. Columbia is also the site of Fort Jackson, the largest United States Army installation for Basic Combat Training. It is also home to the South Carolina State House, the Riverbanks Zoo & Garden, and the Columbia Museum of Art. The South Carolina Department of Parks, Recreation and Tourism’s latest numbers show tourism contributing $22.6 billion in revenue, which continued to increase for the seventh consecutive year.
“Columbia is known for being ‘famously hot,’ and we look forward to helping residents beat the heat this summer – and beyond,” said Nick Yates, Chairman of Generation NEXT Franchise Brands. “The heat, coupled with popular football, basketball football and soccer stadiums, make this a market we’re especially excited to enter.”
To date, Reis & Irvy’s franchisees have sold more than 400,000 cups of frozen yogurt, generating over $2 million in retail sales for its franchise network.
You say: “I would like to see Nick Yates and company receive their just rewards, and I would like to see investors and franchisees come out fine. Those two things are unlikely to both happen. At least I'll be happy if you make money even if Nick sails off into another sunset.”
May I ask why you are so adamant about wanting the company to fail?
30 sec VEND/Vons ad for Print Mates
https://vimeo.com/338124886/2a605aa1c1
No. They have been there as long as I can recall.
Where did you get the date for the 100,000 th cup sold. I don’t think it’s correct.
I believe the first agreement was for design and it was replaced by FLEX agreement to manufacture. Would have to go back and look but that’s my recollection.
You said:
“Again, to get an idea of what is going on with the franchisee group, a look at the refunds will tell you a lot. If franchisees are happy with the install rate and there aren't many problems, the liability should go down quiet a bit. If not, then problems still exist.”
Remember that the numbers you will see are from January through March when they suspended deliveries to focus on upgrades and repairs. Since restarting deliveries in mid-March things appear to be going smoothly but numbers won’t reflect this until next quarter. Franchisee refunds may well be up in the quarter being reported because of the suspension of deliveries.
Just my thoughts.....
That's an increase in liabilities between Dec 31, 2018 and March 31, 2019?
Probably inevitable since most of that time was spent upgrading/retrofitting the nearly 200 kiosks that had already been installed by Dec 31 and the revenue generation from installing new kiosks didn't begin until sometime in March. So liability increases are a given.
Key question is what is happening in this 4th quarter of the fiscal year as new kiosks are being installed at an increasing rate. Won't have a definitive answer until 4th Quarter or final year report is out.
Click on "VEND Detailed Quote" above the chart box and then on the "Trades" tab and you can see the individual trades with the bid/ask, but you are correct in that the MM's raised the ask at the end of the day on very low buying volume.
VEND Trades (Delayed)
You can also see the individual MM's real time bid and ask for VEND (not sure why you can see this for VEND but not other stocks I have looked at) by clicking:
MM's Bid/ASK for VEND
Seems VEND is updating their home page more frequently. Last week they listed Installations (domestic, as international are only called Deliveries) as 257. Today I see they have updated that to 267. Their May 1 PR listed domestic installations as 229 so that would be a nice increase.
Guess this is what you were referring to, Sonata. Hadn't seen it until today although it was referenced in VEND's last PR:
Full-Scale Robotic Developer, Generation NEXT, Selects 5W Public Relations as Agency of Record
Thu May 9, 2019 5:00 AM|PR Newswire|About: VEND
NEW YORK, May 9, 2019 /PRNewswire/ -- 5W Public Relations, one of the 15 largest independently-owned PR firms in the U.S., is pleased to announce it has been named PR Agency of Record for Generation NEXT Franchise Brands (VEND) (OTCQB: VEND), a full-scale developer of patented robotic vending innovations and technologies.
Generation NEXT, parent company to Reis & Irvy's and Print Mates™ automated kiosks, creates, develops and manufactures innovative robotic vending concepts that enhance the delivery, engagement and customer experience of point-of-sale products, including frozen confectionary and print photos.
"Year-over-year, we continue to represent brands that are at the forefront of innovation, and the work of Generation NEXT is truly revolutionizing the market," said Ronn Torossian, CEO and Founder of 5W PR. "Similar to 5W, Generation NEXT is a market disruptor, recognizing possibilities and potential opportunities and creating convenient solutions for on-the-go consumers."
5WPR has well-rounded and extensive experience in the technology space that drives the development and implementation of strategic media relations. Likewise, a broad array of knowledge in the industry allows for effective story telling that moves the dial for clients.
"We are thrilled to join forces with 5W Public Relations; now is the time to partner with a leading agency to tell our story," said Nick Yates, CEO of Generation NEXT Franchise Brands. "We are excited for the future, we are well positioned and we can't wait to bring Generation NEXT's brands to the forefront."
5W's Technology Practice is led by employees with more than 15 years combined experience in the space, creating the perfect combination of true professionals and unparalleled techniques. The team delivers results through key industry relationships with influencers, bloggers, celebrities, and media. By implementing integrated PR, Digital, Influencer Partnerships and Social Media campaigns 5W ensures maximum coverage for its clients.
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., 19 Degrees Corporate Service, LLC, and Print Mates.
www.gennextbrands.com
About 5W Public Relations:
5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 150 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and digital strategy, 5W brings leading businesses a resourceful, bold and results-driven approach to communication.
Media Contact
Chris Thatcher
cthatcher@5wpr.com / 212-999-5585
Big jump on good volume to 0.49. Let's see if it holds....
So long as the back and forth doesn't get too nasty, the entertainment value outweighs the need for deletion IMO (although IH may remove me from my Moderator duties for my laxity.....)
I took FA to mean Financial Analyst(?). Why do you think it means franchisee?
Understand that Nick made a presentation yesterday in Denver. Don't have all the details but he referenced 262 current domestic installs (international are only referred to as deliveries) and a revenue goal for this fiscal year of $16MM. If I get any more info from an attendee I'll post as this becomes public info once presented.
Didn't say he 'couldn't' share, only that he shouldn't....
Airport was mentioned, just as Walmart was several months ago, but not with specifics such as '20 units being tested' or 'approval received'
Upinsmok, I don't know where you got the info about 20 machines to Walmart or approval to install in airports, as I haven't seen anything in any of VENDS public news or filings stating as such. If true and you have some unpublished insider information it shouldn't be made public on a message board such as this. Just saying....
Believe the $1.50 was not the last one but the prior one. Last one was significantly less and included potential compensation for those who had bought in at $1.50.
Upinsmok, I believe that link you mentioned requires a password. I'm not sure what is needed to acquire on, except to be a qualified investor. Have you accessed the placement details?
Looks like in spite of missing the financial numbers, investors liked the progress being made on the expansion and other information in the quarterly. Over 1 MM shares in the first half hour and PVG has regained all the loss of the past 10 days.
Actual earnings 0.02 vs 0.08 last quarter and 0.04 anticipated.
Mill feed grade was down to 8.7 gm/ton. They said it would be down but I believe this was below expectation. Fortunately, they milled 3279 tonnes/day!!
Looks like another instance with earnings leak in advance of report - two 3MM share days with stock price falling from 7.6 Tuesday to 7.09 in advance of the report (which wasn't anticipated until later in May per Fidelity.)
Some large seller this morning drove the price below 0.50. Subsequently recovered to above 0.5 but still down significantly on high volume.
"...taffy vending machine..." I'll vote for that...
Yes, I believe so, especially if they can continue to increase month to month (not withstanding the Jan to Feb decline that doesitreallymatter pointed out.)
As you mentioned in an earlier post, there's always a lot of wiggle room in how statements can be interpreted - maybe he was saying that by the end of May the monthly capacity would be at a level of 150. Who knows. (Believe that quote was from one of what you referred to as a "fluff" piece, not an official PR.)
Was expecting April and May to both be 100+ - maybe May will be.
"Alvie can you confirm or refute this?"
Not sure about all your specific numbers but, yes, I had been told that FLEX was paid in advance for a significant number of machines.
Appears that GENNEXT is updating their home page with number of installations with some regularity. It now says 242 installations but no date so not sure when that was.
VEND has increased its estimate of installations and revenue for the current quarter and revenue for first six months of next year. See today’s PR.
Someone is taking advantage of the drop - over 70,000 shares bought as of 12:00 EDT. You may regret that it wasn't you come next week....
Good read, Zilidium. Thanks for posting.
Another of what Officious refers to as "fluff":
VEND UPDATE
Interesting, though, that Nick says there are currently 250 robotic kiosks installed. Not sure when the interview took place but previous quotes have said 200 kiosks installed, as did the company website, although the website was recently updated to say 230 installations (as of an unknown date).
Seems the number of installations are increasing at a good pace. Still looking forward to April totals.
Maybe we’ll find out the degree of fluff next week when we see the number of installations in April.
Patience, Grasshopper. Look on the bright side - at least it's not 0.50 and it has allowed me to lower my avg. buy price a few pennies.
I don't think (my opinion) that we'll go up until there is a significant PR from VEND, e.g. an early May announcement that the number of installations in April was substantially in excess of the 60 to 70 number that was estimated in the April 3 PR.
Generation NEXT to Showcase Reis & Irvy's, Print Mates™ Autonomous Kiosks at the NAMA Show Las Vegas, April 24-26
I’m aware of two design patents and a couple of provisional
Design patent 1 is serial number 29664024
Design patent 2 is serial number 29664026
Provisional patent 1 is serial number 62734166
Provisional patent 2 is serial number 62734169
I was sent a picture today of a PrintMate in a 7-11 store in California. Don't have any information on how actively it is used.
[img]http://investorshub.advfn.com/uimage/uploads/2019/4/12/zrturPrintMate.jpeg
[/img]
Balanced reply, Officious. My assessment was that the two PR's this week were generally positive but not enough to 'move the needle'.
Alvie