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Yankeelover7, I can't comment on whether they are finding places for the machines or not (although they did place one at the Women's Hospital of Texas which I have tested out more than once - see Post #1316).
As far as FLEX being able to make the machines, see
https://investorshub.advfn.com/uimage/uploads/2018/6/16/enxsqIMG_3865.jpeg.jpg
which is a picture taken by a shareholder who visited the FLEX facility in mid-June and shot this photo of a portion of the area where they were assembling the R&I robots.
Thanks DDR. My average is under $1 but not nearly as low as it could have been if I had more commitment at the $0.10 level instead of waiting to determine it was a sure thing. But still an exciting investment and one I'm looking forward to keeping for a long time.
I don't think shorts are anywhere near covered. There were nearly 700,000 shares short on June 30 and many of today's trades were short term profit taking with nearly as many sells as buys. Next days should be interesting, especially comes out with a good PR, IMO.
You're right. I first bought in Jan 2014 at $3.50 based on a flyer from the Carpenters (Wall St, Revelator), sold half in Feb for $10 and then bought back as it headed down and then back up to $1.
This is a different time and a different set of circumstances. VEND has a real product now (I've sampled more than once) and has a good growth horizon, IMHO.
Alvie
MM's are determined to take it down, even on small sells. Need some new buys.
Perfect timing on your part.
Short squeeze? Started with no news, just a rise in share price....
TheMonolith said: "I think this has the potential to reach $4+ as soon as a couple months."
I don't disagree with the target and would like to think it could get there in a couple months but am willing to wait if it takes a bit longer.
I don't know how many machines they installed in June, but their June 26 PR listed a target of 75 installations in July, 150 in August, and then 240 per month through the rest of the year, which would imply a total of about 1200 robots installed by year end. If they can accomplish anything near that number I believe your target will be exceeded. JMO
Welcome aboard and hope some of your many followers come also! Short squeeze could be coming if VEND can keep up the momentum.
Was first introduced through a paid newsletter ad when they were just marketing their vending machines. Took a small position and added to it over time as they got into the robotic yogurt business. One of the early June installations was close by and sampled it twice with very favorable results by myself and several others.
Note the comment from the article I posted July 10: "We are also in the early stages of designing our next vending robot that our patents will protect, allowing us to replicate exactly what we've done here with our frozen yogurt and ice cream product - as far as franchising, licensing and complementing our own corporate operations. So, it's a great time to be a shareholder. The next year will be a lot different to the last and we couldn't be more excited about the fact that we are installing this incredible product." They have an exciting future IMO!!
Prospering From the Accelerated Growth of 'Human-Less Transactions'
CORAL SPRINGS, Florida, July 11, 2018 /PRNewswire/ --
FinancialNewsMedia.com News Commentary
The world of retail is being turned upside down with consumers and investors alike preferring 'human-less' transactions, interactive retail services and multiple payment options. It's no secret that traditional retail brands are doubling down on their investment into autonomous robotics in the name of competitiveness and bottom-line profitability.
Companies highlighted in today's commentary are positioned to benefit from this disruption, include: Generation Next Franchise Brands, Inc. (OTC: VEND); Bank of America (NYSE: BAC); Wendy's (NASDAQ: WEN), JD.com, Inc. (NASDAQ: JD) and McDonald's Corp (NYSE: MCD).
ResearchAndMarkets.com predicts a multi-billion industry within the next five years: "Taking into account the overall sector, which includes things like electric charging kiosks and those increasingly sophisticated vending machines that dispense a widening array of products and foods, the firm predicts a $34 billion automated kiosk market by 2023."
Greg Nichols of Robotics writes that we're on the verge of a total sea change in the retail industry: "A billion dollar industry is emerging to make checkout faster by removing human cashiers." In the absence of a cashier - and the traditional bricks-and-mortar retail environment - unattended retail attracts more customers who spend more money. Fully-autonomous, self-monitoring, self-cleaning vendors that don't take breaks, sick leave or vacations means greater efficiency for retail operators, investors and consumers.
Millennials in particular prefer to avoid any human interaction at all during the shopping or the delivery process. This tech-savvy generation places a premium on time, convenience, and customization, favoring machine automation over human interaction. Steve Easterbrook, the CEO of McDonald's, had this to say about the future of self-service kiosks: "What we're finding is when people dwell [around our self-service kiosks] more, they select more ...We do know it helps grow the business, we know it's the right route to go down. We can't get there quick enough in the U.S."
From consumer electronics to bank branch transactions to ear buds to frozen yogurt, consumers of all ages are demanding both self-service and multiple payment options. Investors with early insights into these new norms of daily commercial behavior are poised to prosper.
San Diego-based Generation Next Franchise Brands, Inc. (OTCQB: VEND) is the developer of the world's first fully-automated robotic frozen yogurt vending kiosk designed to disrupt brick-and-mortar competitors: Red Mango or Orange Leaf. These "unattended" robots eliminate the need for costly rents and employees; significantly reduce food safety concerns; and are capable of operating 24-hours a day. On July 9, 2018, the company reported $150M in aggregate bookings and additional commitments for its franchise concept Reis & Irvy's. Chairman Nick Yates, in VentureBeat, writes: "If robotics is the force driving vending machines forward, artificial intelligence is the next frontier - and we're right on track."
Emerging companies like Generation NEXT Franchise Brands (OTCQB: VEND) are successfully integrating food delivery automation and self-reporting systems, while producing robots that also have the ability to accept payments of all kinds, including PayPal, Google Wallet, Apple Pay, even cryptocurrency such as Bitcoin.
Young Americans are the biggest segment to shy away from cash purchases, and prefer other means of payment. With PayPal, Google Wallet, Apple Pay and numerous other mobile payment options, Americans find it more convenient to pay for in-person purchases electronically.
So true. Need to remember that just 5 days ago it was bumping down to near 7 and now it's 9 - some 28% higher!!
New Solutions in Robotic Vending Automation: Generation Next Franchise Brands
BY GlobeNewswire
— 9:05 AM ET 07/10/2018
NEW YORK, July 10, 2018 (GLOBE NEWSWIRE) -- The Wall Street Analyzer recently conducted an interview with Generation Next Franchise Brands’ (OTC:VEND) Chairman Nick Yates, and their CEO Art Budman.
The company’s flagship subsidiary, Reis & Irvy’s, which is a robot staffed frozen yogurt and ice cream vending machine just signed a $21 million master franchise agreement in Atlanta with well known business leader Jennifer Scully’s new company, RoboTreats, LLC. On June 20, 2018, the company announced a business relationship with five-time Major Golf Champion Phil Mickelson and his career-long business manager and business partner Steve Loy as franchisees in San Diego.
Mr. Yates laid out the company’s franchising business model and the opportunity to grow the business, both domestically and internationally, as automation provides a more cost-effective option than traditional brick and mortar.
He also stated the company has about $50 million in deferred revenue, as of the fiscal year ended June 30, 2018, from units they have pre-sold and are now in position to have these units manufactured and installed to recognize the associated revenue.
Mr. Budman added that VEND also collects a 12% recurring revenue royalty once the units are installed, in addition to rebates and software fees.
He also discussed how his background and experience in finance and operations complements Mr. Yates’ sales and marketing background.
Mr. Yates concluded by saying, “We have about $150 million of contracted commitments in one form or another. We are also in the early stages of designing our next vending robot that our patents will protect, allowing us to replicate exactly what we've done here with our frozen yogurt and ice cream product - as far as franchising, licensing and complementing our own corporate operations. So, it's a great time to be a shareholder. The next year will be a lot different to the last and we couldn't be more excited about the fact that we are installing this incredible product.”
GENERATION NEXT FRANCHISE BRANDS COMPLETES FISCAL 2018 WITH $50 MILLION IN AGGREGATE BOOKINGS AND ADDITIONAL COMMITMENTS OF APPROXIMATELY $110 MILLION FOR ITS FRANCHISE CONCEPT REIS & IRVY’S
The Franchise Company Also Completes its Fourth Quarter of Fiscal 2018 with Robust Bookings of 240 Robots Aggregating Over $10 Million
San Diego, CA -- July 09, 2018 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands (OTCQB: VEND) reports franchise bookings and deferred revenues of $50 million as of June 30, 2018, before certain adjustments. Furthermore, the company has additional booking commitments of approximately $110 million. The franchise company whose Reis & Irvy’s frozen yogurt robots launched in April of 2016, finished the year ended June 30, 2018 with over 250 franchisees.
Other notable items during the fiscal year ended June 30, 2018 are as follows:
Cash on hand of $10 million, compared to $1.8 million in the prior fiscal year;
Cash in escrow of $3.8 million, compared to $2,000 in the prior fiscal year;
Total assets of $45 million, compared to $18 million in the prior fiscal year and $4 million two years’ prior;
The Company raised proceeds totaling $18.3 million in the form of an equity offering;
On June 20th, announced business relationship with five-time Major Golf Champion Phil Mickelson and his career-long business manager and business partner Steve Loy as franchisees in San Diego;
Signed a master franchise agreement in Atlanta with potential future revenues aggregating up to $21 million;
Signed a master franchise agreement in Australia with potential future revenues aggregating up to $18 million;
Signed an exclusive franchise agreement in Miami-Dade Metro area with potential future revenues aggregating up to $22.3 million;
Signed an exclusive franchise agreement in Los Angeles and Orange County markets with potential future revenues aggregating up to $23 million;
Signed master franchise agreements in Israel and Oman with potential future revenues aggregating up to $5.5 million;
Signed a master franchise agreement in Canada with potential future revenues aggregating up to $17.1 million;
Signed an exclusive agreement in Pennsylvania with future revenues aggregating up to $4.1 million;
Signed an exclusive agreement in Ohio with potential future revenues aggregating up to $3.8 million;
Debuted our frozen yogurt robot at CinemaCon, International Franchise Expo and the National Restaurant Association;
Delivered and installed our first redesigned robots in June 2018;
“Fiscal 2018 was an exhilarating year for Generation Next Franchise Brands. We successfully booked over $50 million in franchise sales, and generated booking commitments for approximately $110 million. While the delay in our manufacturing process did cause some angst amongst us all, I’m pleased to announce that our first installations kicked off this past June and these units are operating with great fanfare across multiple states,” said Nick Yates, the company’s Chairman and Founder. “In fiscal 2019, we look forward to substantial revenue growth, profitability and the launch of our second robotic vending concept.”
The company’s net loss increased in the fiscal year ended June 30, 2018, compared to the prior fiscal year, as the result of significantly increased research and development and personnel expenses. At the same time, the company’s cash on hand has increased by more than five times -- from $1.8 million to $10 million -- and assets have more than doubled from $18 million to $45 million. Most importantly, the Company is well prepared to increase production and delivery of its robots after having completed its first installations in June.
Certainly looks like a possibility if significant news is forthcoming. Just my opinion...
Good volume today with no announced news. Buys outnumbered sells by about 7 to 1, which would normally cause an even bigger increase in share price; however, one of the MM's was determined not to let it get over 2.29 until the very end. ETRF (G1 Execution Services LLC) held the ask at 2.29 for well over 100,000 shares traded, possibly as many as 150,000.
NAK - A good post, Bruce, having to do with the enormous benefits of mining copper at Pebble vs the minor possibility of being harmful to the salmon.
No. Fidelity actually had it on their website before 9:00 am EDT. IH didn't have it posted until after the market opened, although the release indicates a time of 8:54 AM.
Reis & Irvy's, Robot-Staffed Frozen Yogurt Chain, Inks $21 Million Master Franchise Agreement in Atlanta - 6/29/2018 8:54:21 AM
Great find, Bruce. And just because Dave Wilson might live in a condo in Arlington is no reason to dismiss his analysis. Many people work out of condos in the DC area because that is the only affordable living arrangement available.
Reis & Irvy's, Robot-Staffed Frozen Yogurt Chain, Inks $21 Million Master Franchise Agreement in Atlanta
Atlanta business leader wants to cool down ‘Hotlanta’ with deal that will have her city enjoying frozen yogurt served by robots
Atlanta, GA -- June 29, 2018 -- InvestorsHub NewsWire --
Generation NEXT Franchise Brands, Inc. (OTCBB: VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed an agreement with Atlanta business leader, Jennifer L. Scully and her new company, RoboTreats, LLC for the exclusive franchise rights for the robot-staffed frozen yogurt chain in Metro Atlanta, the ninth largest metro in the United States, home to 5.8 million people and one of the nation’s busiest airports.
The exclusive territory deal includes contracts for 20 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 480 locations throughout the metro area as part of an agreement that secures Scully’s exclusive rights to the greater Atlanta area.
Known for her keen business sense and well regarded in Atlanta’s business community, Scully is the founder and CEO of Clinical Resources, a well-renowned national healthcare staffing firm headquartered in Atlanta. Scully has been awarded numerous recognitions based on the stellar performance of the company, including: INC 500/5000 for 8 consecutive years (America’s Fastest Growing Privately Held Companies), Ernst & Young Entrepreneurial Winning Women Award for 2009, Top 50 Women-Owned Business in Georgia and many others.
Never one to miss an opportunity, Scully formed Atlanta-based RoboTreats, LLC along with fellow Atlanta entrepreneurs Sadie and Wyatt Kulla earlier this year after being convinced of the incredible potential that Reis & Irvy’s disruptive business model presents.
Nick Yates, Chairman of Generation NEXT Franchise Brands, Inc., says he feels honored to be associated with such a high-profile entrepreneur in the city of Atlanta: “Jennifer is able to combine her comprehensive experience with a broad network of contacts as a former board member with American Red Cross, United Way Women’s Leadership Society, and on board of counselors for the Carter Center. I have full confidence in her ability to promote and expand a large and successful franchise territory.”
The Atlanta metro area continues to grow, offering any number of major location opportunities representing millions of persons in foot-traffic each day: from Atlanta Hartsfield Airport, Mercedes Benz Stadium, SunTrust Park Stadium, and Georgia Aquarium; to Emory University and Georgia Tech. Large corporations and organizations headquartered in Atlanta include Coca Cola, UPS, CNN, CDC, Mercedes Benz North America, Porsche North America, Arby’s, Home Depot, The Southern Company, Carter’s and Equifax.
Clinical Resources is certified as a Woman Owned Business through the Women’s Business Enterprise Council (IWBENC), the U.S. Women’s Chamber of Commerce (USWCC) and the National Women Business Owners (NWBOC), as well as several other agencies and counties. Scully can utilize these experiences in the execution of government contracting and potential first opportunities and tax credits for Fortune 500 companies.
“Reis & Irvy’s is an innovative company disrupting a popular market. We are excited to introduce this revolutionary approach of a consumer favorite to the Atlanta Metro market. The ingenious team at Generation NEXT Franchise Brands, coupled with their cutting-edge technology, robust systems, and extensive market opportunities, will make our partnership a success,” states Scully. “When initially introduced to Reis & Irvy’s, there was no doubt we could leverage our operating strengths to launch this game-changing industry. We are excited about this partnership and look forward to bringing this opportunity to the thriving Atlanta Metro area.”
With approximately $160 million in franchise and licensing contracts, Generation NEXT Franchise Brands, Inc. (OTCBB:VEND) is leading the way with frozen desserts, fully autonomous robotic delivery, visual and audio entertainment, and a unique retail experience.
Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelato and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumer demand for convenience, entertainment and a superior quality product.
Reis & Irvy’s: Franchise Expansion Highlights:
Since its debut, Reis & Irvy’s has grown to approximately 260 franchisees across the U.S. and represents over 1,200 pending robot installations aggregating over $49 million, with additional contract commitments for over 2,820 robots worth an estimated $111 million ($160 million in total) in potential future revenues for Generation NEXT Franchise Brands, Inc. One of the company’s more high-profile franchisees, PGA Championship golfer Phil Mickelson, announced an interest in the company, signing a contract in June to deploy 30 Reis & Irvy’s locations in Southern California.
Good post and good point, tjw0099. Robotics are the way of the future and VEND is on the early phase of that wave, IMO.
Alvie
Short interest on 6/15/18 had increased about 5000 shares from end May and stood at 653,366 shares. Don't know where it stands as of today but it is still ripe for a short squeeze, IMHO.
Interesting! Looks like a winner. Although this appears to be more of a process used at the final refining step and not the initial field process when mining the rock material.
Not sure how to replay but I understand it will be played several times today and once this evening but don't know time. Maybe our mutual friend knows...
FOX Business News just aired a short clip of the R&I Robot in action with a note that Mickelson had invested in the concept. Limited in scope but a positive as it also showed the ticker symbol.
Reis & Irvy's Announces Robot Installations Across Three States
Unattended robotic vending machines began serving frozen yogurt and ice cream to eager customers of all ages in Texas, Pennsylvania and Michigan this last week
San Diego, CA -- June 26, 2018 -- InvestorsHub NewsWire -- Reis & Irvy’s, a subsidiary of Generation Next Franchise Brands [OTC: VEND] robot-staffed yogurt ‘shops’ are now up and running across three states, including locations in malls and medical facilities throughout Texas, Pennsylvania and Michigan.
Houston-based Franchisee Christina Mattix says that ‘her’ robot is delivering frozen yogurt 24/7 and is proud to be part of such a prestigious institution as the Woman’s Hospital of Texas: “We’ve named our first robot ‘WHOT’ after the Woman's Hospital of Texas and people were very excited at the ribbon-cutting, it was really nice to see all those smiling faces.”
Auburn Hills, MI-based Franchisee Richard Knappe is equally pleased with the overwhelmingly positive reaction at Michigan’s largest indoor mall, Great Lakes Crossing Outlets: “Everyone loves the Dannon product. They soon find out that it’s a healthy and tasty choice for them here at Great Lakes Crossing Outlets and I’ve noticed they come back for more. With lots of repeat customers, word of mouth has been growing and I look forward to installing our next vending robot.”
Wynnewood, PA-based Franchisee Peter Shapiro said that everybody loves the product since arriving at Lankenau Medical Center: “It’s awesome for our family to have such a prestigious hospital as our first location -- and it’s right in the neighborhood where we all grew up. From the minute we rolled the machine into Lankenau, the robot has kept busy selling around the clock. During the day, there’s typically a line of people in front of Reis & Irvy’s and we’re seeing patients, family members, staff, along with doctors and nurses.”
Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelato and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumers’ demand for immediate convenience, entertainment and a superior quality product - be it in shopping malls, medical centers and any other high-traffic area.
Reis & Irvy’s is a subsidiary owned by San Diego-based Generation NEXT Franchise Brands, Inc., a publicly traded company on the OTC Markets trading under the symbol OTCBB:VEND.
Reis & Irvy’s: Franchise Expansion Highlights:
Since its debut, Reis & Irvy’s has grown to over 255 franchisees across the U.S. and represents over 1,170 pending robot installations aggregating over $47 million, with additional contract commitments for over 2,750 robots worth an estimated $107 million ($154 million in total) in potential future revenues for Generation NEXT Franchise Brands, Inc. One of the company’s more high-profile franchisees, PGA Championship golfer Phil Mickelson, announced an interest in the company, signing a contract to deploy 30 Reis & Irvy’s locations in Southern California.
Reis & Irvy’s has strengthened its offerings by teaming up with some of the world’s largest manufacturing and logistics partners, including Dannon YoCream (www.yocream.com), 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 national servicing.
“As we end our fiscal year, we are pleased to be consistently installing our patented robotic vending technology at these great locations and look forward to recognizing the revenue each installation allows us, starting to collect recurring revenue in the form of royalties and rebates, and seeing our franchisees generating revenues of their own!” said Nick Yates, Chairman of Generation Next Franchise Brands. “We are scaling our labor force and increasing production capacity to ensure the demand for installations is met. We anticipate installing approximately 75 units in July and 150 units in August. By September, we will be in a position to install as many as 240 units per month.”
I agree, DDR. My hope is that they don't do anything foolish just to hasten the time when VEND can be uplisted. If they execute their plan the stock price will take care of itself and the requirements for NASDAQ will happen naturally.
Alvie
Yes, DDR, I've spoken with SP a few times. Looking forward, like you, to news that will cause the shorts to rush to cover, which will bring on a significant 'short squeeze'.
Alvie
VEND's manufacturing partner, Flextronics:
Flex Receives the Lenovo Diamond Award for Outstanding Services
SAN JOSE, Calif., June 20, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that it has received the Diamond Award, the highest recognition Lenovo presents to select global suppliers and partners, for the delivery of high quality, on time, innovative support and outstanding services.
This is the second time Flex has been honored with the Diamond Award, with only a handful distributed each year among thousands of suppliers. Flex provides Lenovo with a range of services including Sketch-to-Scale® solutions, build-to-order and configure-to-order operations, high volume manufacturing, logistics, and direct distribution across eight facilities around the world.
"We are very proud of our long-standing, strategic partnership with Lenovo, and what we've achieved together creating high-performance PCs, phones, and servers," said Doug Britt, business group president at Flex. "Flex is honored to receive the Diamond Award, as recognition of our focus on delivering services and solutions that consistently exceed customer expectations."
About Flex
Flex is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @flexintl. Flex – Live Smarter®
More on yesterday's news about Pete Mickelson and VEND:
Five -Time Major Golf Champion Phil Mickelson and Agent Steve Loy Join Forces With Robotic Tech Leader Reis & Irvy’s to Disrupt Food Retail
The legendary golfer is poised to help define the “unattended retail experience” for the next generation
San Diego, CA -- June 20, 2018 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands, Inc. (OTCBB: VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has inked a deal with five-time major championship golfer and World Golf Hall of Famer, Phil Mickelson, and his career-long business manager and business partner, Steve Loy, for 30 new Reis & Irvy’s locations to be installed throughout San Diego County (where Phil is a native and resides with his family).
Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelatos and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumer demand for convenience, entertainment and a superior quality product.
Phil Mickelson and Steve Loy continue to expand upon their business portfolio with the investment in Reis & Irvy’s that is challenging the status quo in food retail by catering to this generation’s expectations of immersive, entertaining and on-demand shopping experiences. “We have seen the development of Reis and Irvy’s over the last eight months and became intrigued with the advancement and benefits of robotics which enhance the delivery of quality products to the consumer while reducing overhead cost,” said Steve Loy.
“I’m absolutely thrilled to be part of such transformative industry change,” said Mickelson. “I’ve pushed boundaries my whole career and that mindset carries over into the business world. The energy and passion from the Generation NEXT team to both deliver a quality product and disrupt food retail is exciting.”
Describing “the new arms race in retail,” John Bird of Forbes wrote that “unattended retail storefronts” — with their speed, flexibility and improved customer experience — are the future of retail. Brands like McDonald’s are successfully innovating their customer experience and “it will change forever the landscape” of casual dining, with “Gen-Xers, millennials, and successive generations already used to a computer interface for making most of their daily choices.”
With over $130 million in franchise and licensing contracts, Generation NEXT Franchise Brands, Inc. (OTCBB:VEND) is leading the way with frozen desserts, fully autonomous robotic delivery, visual and audio entertainment, and a unique retail experience.
Reis & Irvy’s: Franchise Expansion Highlights:
- Since its debut, Reis & Irvy’s has grown to over 235 franchisees across the U.S. and represents over 1,100 pending robot installations aggregating over $45 million, with additional contract commitments for 2,300 robots worth an estimated $130M in potential future revenues for Generation NEXT Franchise Brands, Inc.
- Reis & Irvy’s has strengthened its offerings by teaming up with some of the world’s largest manufacturing and logistics partners, including Dannon YoCream (www.yocream.com), Flex, Ltd. (www.flex.com), 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 national servicing.
Nick Yates, Chairman of Generation NEXT Franchise Brands, Inc., is proud to be associated with such a high-profile athlete-entrepreneur of Mickelson’s global stature. “Phil is consistently ranked by ESPN as one of the ten most highly-regarded athletes in the world. Having such a well-respected champion as a stakeholder and franchisee, in our own backyard here in San Diego, is an honor, and a confirmation of our mission to help bring about a dramatic change in food retail,” said Yates.
https://nypost.com/2018/06/19/phil-mickelson-invests-in-futuristic-frozen-yogurt-chain/
Phil Mickelson invests in futuristic frozen yogurt chain
Pro golfing great Phil Mickelson and his business partner Steve Loy have just inked a deal to open 30 Reis & Irvy’s frozen yogurt locations in San Diego.
The chain’s low-overhead vending kiosks feature unattended outlets that rely on robots and self-checkout screens.
The franchise’s disruptive “froyo meets robo” premise uses Reis & Irvy’s robot-engineered vending machines to serve up to seven flavors of yogurt and six toppings to customers within 60 seconds.
“I’m absolutely thrilled to be part of such transformative industry change,” Mickelson told The Post. “I’ve pushed boundaries my whole career and that mind-set carries over into the business world.”
Reis & Irvy’s, the flagship unit of San Diego-based Generation NEXT Franchise Brands, has awarded $130 million in franchise and licensing contracts since its launch in 2016.
When you look at how the short interest has increased in the past few months, from 40k shares at the end of March to 650k shares at the end of May, it's no surprise that the shorters are coming out with false negative articles in an attempt to drive down the share price to allow themselves to cover before real news breaks and there is a short squeeze.
From the official OTC news site (www.otcmarkets.com/stock/VEND/quote)
Date Short Interest
05/31/2018 648,028
05/15/2018 500,681
04/30/2018 496,132
04/13/2018 303,964
03/29/2018 39,044
Some pretty strong words for a poster who has just signed up for IH and is making his/her first post. I have no way to verify or refute what you have posted but some comparisons just don't make sense:
- "Redbox took 10 years to deploy 42,000 machines, or 4,200 per year, R&I has placed 100 per year. Redbox hit peak at year 11, then swiftly started to plumet in year 13, causing them to cancel their own international expansion due to unforeseen lack of demand." Redbox market was replaced by electronic streaming of movies that didn't require using physical disks. I don't believe yogurt is going to be delivered electronically.
- "a regional, much more diversified, company that has a vending wing serving Wisconsin and Illinois placed over 3,000 vending machines in less than 10 years, over 300 per year, ... https://www.davians.com/" These are vending machines serving snacks, which is what VEND was doing before getting into the yogurt business. Again, not a valid comparison IMO.
- "... may have sold nearly 1,000 machines to franchisees, but after 4 years in operation found only 400 locations to place them in. Why? Gross incompetence, generally, and an inability to question his own lack of greatness. Even if VEND lasts thru 2022, they project towards placing only 800, at best, of the 1,000 machines pre-sold," Not sure where you get your information, but time will tell whether they only place 800 machines through 2022. My bet is that they will have many more than 800 placed before this time next year, end June 2019.
2.34MM shares apparently sold at and after the close. Maybe some institution expects, or knows, production numbers won't be good.
Missed this June 6 Mergermarket article:
Generation NEXT Franchise Brands seeks bank for uplisting as soon as late 2018, chairman says By Nidhi Madhavan in Chicago 06 June 2018
Generation NEXT Franchise Brands [OTC:VEND], a developer and distributor of robotic vending machines, plans to mandate a bank to help it uplist to the New York Stock Exchange or NASDAQ this year, chairman Nick Yates said.
The San Diego-based company hopes to gain more visibility on a senior exchange as it pivots the focus of the business to unattended, automated retail robotics, Yates told this news service in an interview. The target date for the uplisting is late this year or early 2019, which would require having “all the balls in motion” in the next 120-180 days.
Generation NEXT is preparing for the uplisting with the company’s in-house M&A counsel, Tony Mauriello, who previously worked for Sheppard, Mullin, Richter & Hampton and Skadden Arps, Slate, Meagher & Flom.
Yates said the company has a plan to “facilitate the checklist” for an uplisting to one of the major exchanges, which notably includes increasing its shareholders’ equity, which as of March 31 2018 was showing a deficit of just over USD 17.65m.
As part of this plan, the company is aiming to raise around USD 20m in fresh capital, with three options under consideration, including an issuance of new shares for which it would need an underwriter, Yates said.
An alternative option could see Generation NEXT sell a stake to a strategic partner, ideally one with retail or frozen yogurt experience that could help it with distribution and expansion of its recently launched Reis & Irvy’s line of frozen yogurt vending robots.
“In addition, we could place them on our board,” Yates said.
Yates said he has also not ruled out raising the capital from existing investors, who he described as “high net worth individuals” that are willing to help. The company has already raised USD 20m from them in the last 10 months. However, Yates said this would be the least preferred option to avoid too much dilution.
Yates said that the company is cash flow positive and expects to recognize approximately USD 40m in deferred revenue in the next six months as it begins delivering machines to its franchises. Yates noted that between recognized franchise revenue, international licensing and corporate sales, the company is projecting USD 100m in revenue in fiscal 2019, which begins 1 July 2018 and ends 30 June 2019.
Will be hard to get 50 installed in June if they are only doing one a week. I'm in Houston so waiting to see it in action, although don't know where it will be. Their April PR mentioned different Houston locations - Texas Medical Center and Houston Baptist Univ, if I recall correctly.
Thanks. I have the 'plan' down on paper and just waiting for them to execute it. Are you a franchisee?
No, just a patient investor since 2014.
Hmmm---nice late day action---maybe someone knows something ---overdue for a PR. Or maybe one of the franchisees that received their robots got so excited that they decided to buy stock with their operating revenue....
Nice start today - up nearly 4% in the first 10 min on good volume....