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.
Don't think buying is by small investors but rather funds/institutions. 2+MM shares and up to 0.59 - big percentage jump....
These tidbits of information, of and by themselves, don't do much (anything) to move the share price, but when REAL news comes out, say XX Robots WERE installed and YY $MM of Revenue WAS booked, it will all add to the momentum, IMHO.
Disrupted: The Industries at Risk and the Companies Positioned to Benefit
BY PR Newswire
— 8:45 AM ET 06/04/2018
CORAL SPRINGS, Florida, June 4, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary 0
"Neither RedBox nor Netflix are even on the radar screen in terms of competition," Blockbuster CEO Jim Keyes told the Motley Fool in 2008. His video-rental chain filed for bankruptcy in 2010. Today Netflix is worth $61.93 billion.
Sometimes the next big thing isn't easy to spot. Sometimes disruption is staring you right in the face and you can't help but look the other way. That's doubly true when you're the head of a legacy business desperate to stay relevant.
Business disruption has become the new normal that companies face on a regular basis whereas a decade ago it was the rare exception. The major cause of disruption is the rapid advancement of technology and globalization, which allows new business models to be introduced at an ever-increasing rate and with rapidly declining costs.
Companies mentioned in today's commentary positioned to benefit or at risk of disruption include: NVIDIA Corporation ( NVDA ) , Generation Next Franchise Brands (OTC:VEND), General Motors Company ( GM) , SolarEdge Technologies, Inc. ( SEDG) and the Charles Schwab Corporation ( SCHW).
Humanless Retail vs Brick and Mortar
Many brick and mortar retailers are struggling to meet the demands of Millennials, consumers aged 21 - 37. Representing almost 25% of the entire population, this largest generation in history is responsible for an estimated $200 billion in annual purchases. This tech-savvy demographic places a premium on time, convenience and favors machine automation over human interaction. In the absence of a cashier and the typical bricks-and-mortar retail environment, humanless retail attracts more customers more frequently who spend more. These machines mean that customers can interact with merchants more quickly, without having to waste time standing in lines waiting on slow-moving employees.
Coupled with rising rents and wages in many places, it is becoming more expensive to maintain small stores and as a result automation will have a major impact on the nature of work in the coming decade. While there are varying stats on how many jobs and work activities could be automated, the reality is that automation - supported by technologies like artificial intelligence (AI), robotics and machine learning - will eventually transform virtually every industry and organization.
While many brick and mortar retailers have been slow to adapt to a humanless retail environment, Generation Next Franchise Brands, Inc. (OTC: VEND) has developed the world's first fully-automated robotic frozen yogurt and ice cream vending kiosk designed to disrupt competitors: Pinkberry, YogenFruz and Menchies. These "unattended" robots eliminate the need for costly rents, employees, food safety measures and are capable of operating 24-hours a day. The company will roll out its production model this month and is projecting for calendar year 2018 a minimum rollout of 1,400 units worth an estimated $56 million in revenue.
or maybe it has something to do with the current 8-k where they borrowed an additional $33,000 dollars....
From their March 5 PR:
"... the first 65 April installations featuring notable locations including:
The Michigan Science Center
The Women’s Hospital of Texas
Showplace Cinemas – Evansville, Indiana
The Henry Ford Museum – Dearborn, Michigan
Kentucky Science Center
Columbia Mall – Bloomsburg, Pennsylvania
Indianapolis Airport
Austin Convention Center
Houston Baptist University
Texas Medical Center
Mississippi Children’s Museum"
Being 2 months late with initiation of the rollout is not significant, IMHO, considering the complexity of the Robot and the need to get everything working correctly.
Reis & Irvy's Frozen Yogurt Robots Announces Delivery for June Franchisee Installations
Franchisor expects a minimum rollout of 1400 units worth an estimated $56 million in revenue for the calendar year 2018
San Diego, CA -- May 30, 2018 -- InvestorsHub NewsWire -- Reis & Irvy’s, Inc., (OTC: VEND) (www.reisandirvys.com) a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (www.gennextbrands.com), today announced its first 50 location installs that are scheduled to receive the first production run of fully-automated frozen desert vending robots in the month of June.
The patented technology, manufactured and assembled by Flex, Ltd (www.flex.com), will feature frozen yogurt produced exclusively for Reis and Irvy’s from Dannon YoCream (www.yocream.com). All deliveries and installations will be handled by Generation NEXT’s strategic operations partner, Pitney Bowes (www.pitneybowes.com), a trusted global service and logistics solutions provider.
Reis & Irvy’s has been focused on finding homes across the country for the franchised Frozen Yogurt Robots in premiere, high-traffic location categories that include hospitals, theme parks, airports, family centers, movie theaters, tourist attractions, airports, hotels and Fortune 500 corporations.
Some of the notable June location installations receiving the vending robots next month offered some quotes:
“Mall of Abilene is excited to introduce this fun and unique froyo experience to our shoppers. It’s something anyone of any age can enjoy in a brand new way,” said Michelle Parker, Marketing and Specialty Leasing Manager, Mall of Abilene.
“We are looking forward to giving our museum guests a chance to make a truly personalized cool treat in a unique yet easy way,” said Patti Reiss, Director of Museum Experiences, Mississippi Children's Museum.
“We are so excited to add Reis & Irvy’s to our concession mix for all our movie-going customers,” said Mick Stieler, CFO, COO Showplace Cinemas, Evansville, IN.
“Anything we add to our park, tends to have a certain level of excitement because we're a trampoline park and excitement is what we do,” said Nicole Cochetti, Director of Marketing and Park Operations of Flight Trampoline Park in New York. “We like to think we have the latest attractions and we're always taking fun to the next level and the Reis & Irvy’s Frozen Yogurt Robot certainly does that for us!”
“Our entire network including franchisees, shareholders and our employees are extremely excited to see our first run of robots hit the market,” said Nick Yates, Chairman for Generation NEXT Franchise Brands. "We can now begin providing case studies and live testimonials from both customers and location partners reacting to our newly developed and very much improved next generation vending technology.”
Last week of the month. Seems VEND has been putting out at least 1 PR each week, maybe we'll get another with some news that will cause the share price to rise and not just stay stagnant (hopefully).
Correction to previous PR - number of robots committed in Canada is 120, not the 20 in earlier PR, plus other corrections.
CORRECTING and REPLACING Reis & Irvy’s Frozen Yogurt Robots Are Coming to Canada
BY Business Wire
— 8:30 AM ET 05/22/2018
CALGARY, Alberta--(BUSINESS WIRE)-- Please replace the release dated May 22, 2018, with the following corrected version due to multiple revisions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180522005155/en/
The corrected release reads:
REIS & IRVY’S FROZEN YOGURT ROBOTS ARE COMING TO CANADA
Launching off the overwhelming success in US markets, Reis & Irvy’s (OTC: VEND) revolutionary frozen yogurt robots are set to disrupt the industry in Canada.
Reis & Irvy’s was first introduced to Canada at the beginning of 2018, and already has commitments for over 120 robots. Only slightly larger than the average vending machine, and fully self-functioning, Reis & Irvy’s has proven to be on the forefront of innovation and can be placed practically anywhere with instant success, making it a secure investment for franchise owners.
“Once people understand the product and its technology, they immediately realize how unique and cool it is. Having seen them in action myself, I can guarantee they will surpass people’s already high expectations,” said Brett Beninger, President of Reis & Irvy’s Canada.
See promo video created by Generation Next, San Diego: https://vimeo.com/160788415
While food service companies like McDonald’s and Domino’s have moved in the direction of automating customer ordering, Reis & Irvy’s has automated both the ordering and the preparation process, eliminating the need for staffed labour all together.
“I first heard about Reis & Irvy’s in the U.S. and, as soon as heard the ad, I tried to find out how I could be a part of this new and exciting technology. Once I found Reis & Irvy’s in Canada, I quickly committed to buy multiple robots and I plan on buying a lot more,” said Barry Ehlert an entrepreneur from Calgary.
Reis & Irvy’s Frozen Yogurt Robots Are Coming to Canada
BY Business Wire
— 8:30 AM ET 05/22/2018
CALGARY, Alberta--(BUSINESS WIRE)-- Launching off the overwhelming success in US markets, Reis & Irvy’s (OTC:VEND) revolutionary frozen yogurt robots, are set to disrupt the industry in Canada.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180522005155/en/
Reis & Irvy’s was first introduced to Canada just a few months ago, and more than twenty robots have already sold, with almost no advertising. Only slightly larger than the average vending machine, and fully self functioning, Reis & Irvy’s has proven to be on the forefront of innovation and can be placed practically anywhere with instant success, making them a secure investment for franchise owners.
“Once people understand the product and its technology, they immediately realize how unique and cool it is. Having seen them in action myself, I can guarantee they will surpass people’s already high expectations,” said Brett Beninger, President of Reis & Irvy’s Canada.
See promo video: https://vimeo.com/160788415
While food service companies like McDonald’s and Domino’s have moved in the direction of automating customer ordering, Reis & Irvy’s has automated both the ordering and the preparation process, eliminating the need for staffed labour all together.
“I first heard about Reis & Irvy’s in the US and, as soon as heard the ad, I tried to find out how I could be a part of this new and exciting technology. Once I found Reis & Irvy’s in Canada I quickly committed to buy multiple robots and I plan on buying a lot more!” said Barry Ehlert an entrepreneur from Calgary.
Reis & Irvy’s is one of the highest revenue per square foot businesses in the world. Reis & Irvy’s is excited to bring this innovative and delicious product to Canadian consumers.
About Reis & Irvy’s:
Developed by Nick Yates, in San Diego, California, the Reis & Irvy’s franchise will make a major impact in the franchising world. They have sold over 1,000 franchises in the US. Reis & Irvy’s is a publicly traded company (OTC:VEND), and their stock has seen rapid growth recently. The revolutionary robotic kiosks offer frozen yogurt to customers at convenient locations while maintaining the highest quality product. Reis & Irvy’s is an example of how innovation can help both owners and customers.
Sorry, didn't know that..thx
Upbeat shareholder letter, imo. Thanks for posting.
Alvie
Reis & Irvy's Announces $2.295 Million Franchise Contract Within New Orleans
Source: InvestorsHub NewsWire
Contract Purchase of 54 Froyo Robots By Local Business Developer Marks Another Territory Expansion for Innovative Vending Technology Concept
From May 15 quarterly ending March 31, 2018:
As of the date of this report, we have received approval to sell franchises in a number of states in the U.S. and Canada and have booked a net 1,000 units aggregating approximately $41 million in deferred revenues, prior to certain offset adjustments, which is included in deferred revenue. Additionally, the Company has contractual commitments for an additional 2,300 units aggregating $88 million. As of March 31, 2018, and through the date of this report, the Company has not yet delivered any frozen yogurt vending robots. We expect to deliver our first robots during the quarter ended June 30, 2018.
From Monday
VEND profiled in morning news:
https://on.mktw.net/2Gf0ZW1
Reis & Irvy's Announces Sponsorship With Indiana Farmers Coliseum, Echl's Indy Fuel Hockey, Lupui Jaguars Basketball Team
http://ih.advfn.com/p.php?pid=nmona&article=77395236
It would appear that the most interesting statement in this PR is:
"The Indiana Farmers Coliseum and the nearby Fuel Tank at Fishers, will be host to two of the Reis & Irvy’s Froyo Robot units starting in August of 2018..."
This would seem to imply that the current franchisees who have had their deposits with VEND for a year or more will receive their Robots before August or I expect they would raise quite a fuss about Indiana Farmers jumping to the front of the line. JMHO
Another footnote in the history chapter of 'PROMISES'....
http://ih.advfn.com/p.php?pid=nmona&article=77381057
Generation Next Announces Debut of Frozen Dessert Vending Robots at the Upcoming National Restaurant Show InvestorsHub NewsWire - 5/9/2018 7:09:18 AM
Another contract announcement, this time with Australia:
Generation NEXT Franchise Brands Announcing $18 Million Master Licensing Agreement Within Australia InvestorsHub NewsWire - 5/7/2018 8:27:09 AM
These are all good but they are not what is going to light a fire under the stock price, IMHO.
VEND is a 'story stock', meaning that it's future depends on the current 'story' coming to fruition. Right now we're in an early chapter of the story entitled "PROMISES FOR THE FUTURE", and these contracts, as well as the franchise agreements, are paragraphs in the chapter, maybe even just footnotes. They need to get to the next chapter "ROBOT SHIPMENTS AND INSTALLATIONS" and then the final chapter of the story "REVENUES AND EARNINGS" in order to get the rocket off the ground and into orbit. Once that happens it's no longer a 'story stock' but is now dependent on ongoing growth for increase in stock price.
Hopefully the current PROMISES chapter is coming to a conclusion and we're ready to turn the page to the next SHIPMENTS chapter.
nice increase on good volume this morning - just need to remain above 7....
Although the PR implies the rollout of the new machines will begin 'next month', I expect they mean the month of May. The PR may have been originally prepared for April 30 but was delayed to May 2 and the term 'next month' was not updated. This is supported by the fact that the PR references the LA/Orange Co agreement as having happened 'last month' when it actually happened in March. JMHO.
Alvie
Generation Next Franchise Brands Announces $22.3 Million Franchise Contract With Private Equity Group CH Capital for Miami Market.
Purchase of 520 Patented Automated Reis & Irvy’s Froyo Robots Marks Second Largest Territory Contract for Flagship Frozen Yogurt Franchise Concept.
San Diego, CA -- May 02, 2018 -- InvestorsHub NewsWire -- Reis & Irvy’s, Inc. (www.reisandirvys.com), a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (www.gennextbrands.com) (OTCB: VEND), announced the signing of an exclusive territory franchise agreement today with South Carolina-based, CH Capital, for its patented Reis & Irvy’s Frozen Yogurt Robots. Under the agreement, the franchisee is required to purchase 520 revolutionary frozen yogurt robots throughout the Miami-Dade Metro area over the course of the next five years in order to maintain exclusivity in the territory, which would result in over $22.3 million in revenue to Generation NEXT.
CH Capital is a Greenville, SC-based family business focused on private equity and venture capital. The principals of CH Capital each have over 20 years in building and operating businesses, both domestically and internationally, and have experience in virtually every role – from startup operator, investor to board member. CH Capital has experience in investing and operating in institutional private equity and hedge funds, immigration consulting, aviation, commercial and residential real estate, technology companies and dental franchises. With extensive relationships in the Miami area, CH Capital is excited about the opportunity to be the ideal partner to build and represent the Reis & Irvy’s franchise concept and brand with exclusivity in the Miami market.
Launched in 2016, Reis & Irvy’s frozen yogurt 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., beginning next month and continuing throughout 2018. The agreement with CH Capital comes on the heels of Generation NEXT announcing a similar record-setting agreement last month, one which saw the Frozen Yogurt Robots locking in two of California’s largest markets, Orange County and Los Angeles.
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 in high traffic locations such as amusement parks, movie studios, museums, theatres and tourist attractions.
“We were initially attracted to the Reis & Irvy’s model for what we recognize as a strategic advantage in the marketplace,” said Lucas Harper, Principal for CH Capital. “We clearly see the Reis & Irvy’s Frozen Yogurt Robot and its technology as a disruptive solution to a popular marketplace. As we’ve had the opportunity to get to know the Generation NEXT team, and meet the high-quality manufacturing, product and servicing relationships they bring to the table, we feel they are well positioned to be very successful. We are very excited about this partnership and look forward to bringing this opportunity to the Miami area.”
“We continue sourcing partners that clearly see the opportunity to disrupt and who will give us the best chance of success in these exclusive franchised territories around the country,” said Nick Yates, Chairman of Generation NEXT Franchise Brands. “The team at CH Capital has an assortment of skills as well as contacts in Miami that will see our Reis & Irvy’s robot’s roll out aggressively into a variety of top tier location categories. In addition, they will be operated professionally by a team of entrepreneurs with a track record of success across many different channels.”
In addition to its continued expansion into key national markets, Reis & Irvy’s has also strengthened its foundation and 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.
Agree. The volume today was probably less than 1% of the free trading float, which means 99% are holding, IMO.
In more detail:
"Framework agreement relating to the Pebble project
In December 2017, the Company entered into a framework agreement with Northern Dynasty which provides for the Company to execute an option agreement with Northern Dynasty (the “Option Agreement”) to progress the permitting of the Pebble project in Alaska. The term of the option granted by the Option Agreement will be for a period of four years from the date of satisfaction of certain conditions precedent, with a right to extend the term of the option for a further period of two years. The Option Price of $150 million for the initial four years is payable in equal tranches of $37.5 million, inclusive of an Early Option Price Instalment of $37.5 million that was paid on December 15, 2017. The full Option Price was and will be applied to advancing the permitting process for development of the Pebble project, which was initiated in December 2017.
The Option Agreement will entitle an affiliate of the Company to earn a 50% interest in the Pebble Limited Partnership, the owner of the Pebble project, by investing an additional total amount of $1.35 billion in the Pebble Limited Partnership. The Company will not have any ownership of the Pebble project or related entities unless and until it exercises the option. Finalization of the Option Agreement and associated commercial agreements are expected to occur in the first half of 2018."
Sounds like all evaluation is complete and the agreement will be finalized shortly!! April 30 is the end of the extension period for the option agreement.
Nice spate of buying in First Quantum's stock on the TSX going into the close - over 120,000 shares in the last 2 seconds with a nice rise in price - maybe in anticipation of the release of results.....
Some profit taking early and then the MM's started taking out the stops during the last hour or so on low volume before late buying brought it up again. Waiting on the next PR. If they follow the pattern of last month we can expect a PR on May 2 detailing April's activity. JMHO.
Alvie
Could go a significant amount of that distance if First Quantum says anything positive about NAK and their future commitment to Pebble in their news release Thursday....
In addition to the MM's taking out stops and building inventory, there are stock holders taking profits, of course, betting that they can get back in at a lower price before the next PR. Just normal activity.
For instance, share price just rose from 1.82 to 1.96 on some 6500 shares bought. Since the high bid is currently only 1.82 it could go back down just as fast, which it just did on a 100 share sell. MM's are very active with buying and selling this stock since it rose from below $1.
More likely the Market Makers are driving it down to take out the stops and pick up cheap shares before the next PR. JMHO.
Top 8 MM's are offering to buy 3000 shares between 1.85 and 1.75 but they are only offering to sell 800 shares between 1.86 and 2.30, so a concerted amount of buying can lift it back up quickly.
Generation NEXT Vending Robots to Debut at CinemaCon 2018
BY GlobeNewswire
— 9:13 AM ET 04/23/2018
The Company’s Frozen Yogurt and Ice Cream Vending Robots Will Be Showcased at the World’s Largest Gathering of the Motion Picture and Theater Industry – Booth #2003A
LAS VEGAS, NV , April 23, 2018 (GLOBE NEWSWIRE) -- Generation NEXT Vending Robots, Inc., a subsidiary technology concept of Generation NEXT Franchise Brands, Inc. ( VEND) , will unveil its all-new Frozen Yogurt and Ice Cream Vending Robot at the CinemaCon 2018 trade show. CinemaCon is the leading trade show that focuses on the cinema and theater industries, giving movie theater owners from across the globe an opportunity to experience the latest technology and advancements in the motion picture industry.
Generation NEXT Vending Robots can enhance the theater experience by providing a fully-automated robot that serves customers seven delicious flavors of frozen yogurt, ice cream, gelato or sorbet, and offers a choice of up to six customized toppings all created in 60 seconds and delivered by a multi-axis robotic arm. More importantly, the robot can provide cinema owners with an additional revenue stream as well as the chance to offer a unique customer experience that is unmatched.
The team at Generation NEXT are excited to showcase the novelty, theatrics, technology, and performance of the frozen dessert robot, a product that is going to redefine and disrupt the landscape of frozen desserts in movie cinemas. With so many changes and advances in the theater industry as well as a myriad of new food and snack options that are now available to consumers, CinemaCon 2018 is the perfect venue to showcase how unmanned robots can improve the moviegoer experience while providing value and revenue to its owners.
“We are thrilled to showcase our new Generation NEXT Vending Robots at CinemaCon 2018,” said Nick Yates, Chairman of Generation NEXT Franchise Brands ( VEND). “We can’t wait to see how individual cinema owners and the other attendees react to this value proposition of combining high margin frozen dessert options with minimal labor involved in a very small footprint. We are confident that once they see the technology, they will see the value a robot may bring to the cinema and moviegoers alike.” If you will be attending the 2018 CinemaCon show in Las Vegas this week, Generation NEXT welcomes you to experience a demo of the Generation NEXT Vending Robot for yourself.
Find out how your theater or cinema facility may benefit from a Generation NEXT Vending Robot, including:
An improved customer experience
Building repeat business and customer retention
A smaller footprint – only 15 square feet
Operating 24/7
Requiring minimal maintenance
High margins that may create additional revenue
The creation of an engaging experience in the cinema lobby
You're correct, milkman, as is KZ. It's obviously been too long since I 'bottom fished' with a GTC order at a low price. I was thinking of times when I only got a partial fill and changed my buy up to number, at which time I was charged a commission on the partially filled order as well as a new commission on the new order.
If you were charged a $5 transaction fee for that $0.50 buy of 200 shares, the actual share price amounted to 0.0275 each!
Permit is for Pebble's ongoing drilling and identification activities for the current year - not for mine building.
You could be correct since no stock goes up in a straight line without some ups and downs. I’ve day traded it in the past, and had my knuckles rapped by Fidelity for doing so, but right now I don’t want to be out of the stock if they come out with a PR that causes it to jump. Too risky considering the increased frequency of PRs, in my opinion. I’m content to hold and watch it gradually increase and not worry about the slight setbacks.
Sorry, 0.04 per day results in 0.20 per week, not 0.10 - even better.
Good points, tjw0099. Based on what they released in early March I back calculated a shipment/installation schedule for 2018/19 but it would be good to get a confirmation of actual shipments.
I estimated installation of 500 units this quarter, 850 next quarter and 900 in the last quarter of 2018. At that point Flex would be shipping 300 robots a month, gradually increasing in 2019 to 500 units a month to meet VEND’s estimate on 8000 robots installed by end-2019.
I expect most of the initial shipments will go to current franchisees who put money down several months ago and that they will next focus on corporate installations since they will generate the most revenue for VEND. From their March estimates they expect to have 2750 franchise units in place by end-2019, followed by 2500 corporate units, 1500 ‘direct’ units and 1250 international units. Pretty aggressive but potentially doable in my opinion.
I wouldn’t necessarily assume that, JT. An increase of 0.04 in a day aggregates out to 0.10 in a week. I’ll Take that every week. Would like to see a PR though saying Flex has made their initial shipment of ‘x’ (say 50) robots and Pitney Bowes is currently installing the machines which will allow booking of ‘y’ MM$ of revenue in April.
That seems like a reasonable short term target. My personal year end target is $5 or more. VEND’s recent estimate is that they will install 2250 robot units in 2018 generating some $93MM of revenue and $13MM of income EBITDA. With that kind of growth $5 per share is likely a conservative estimate.
Thanks for posting. Pace of news seems to be picking up as is the share price.
Closed at another 52 week high. Lot of buying in the last 15 minutes with a little profit taking at the close that reduced it from 2.49. Slow and steady wins the race....
My thinking is, and it’s only my opinion, that some of the franchisees that we’re taking delivery of their FroYo robots soon and having to come up with their other 50% of the total franchise amount, sold some of their stock that they might of bought for $1 or less to come up with the required money.
New PR about franchisee commitment in Canada:
San Diego, CA -- April 09, 2018 -- InvestorsHub NewsWire -- Reis & Irvy’s, Inc. (www.reisandirvys.com), a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (www.gennextbrands.com) (OTCB: VEND), announced today its recently appointed Canadian licensees have secured a franchise agreement representing over $5.2M, if certain purchase objectives are met, for two of Canada’s largest markets. Local investor and entrepreneur, Barry Ehlert, will have exclusive rights to all Reis & Irvy’s locations throughout Edmonton and Calgary.
Launched in 2016, Reis & Irvy’s frozen yogurt vending 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., beginning in April 2018. 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, hotels, movie studios, malls, airports, theatres and other attractions.
As part of its obligations to Generation NEXT Franchise Brands, the Canada licensees, Brett Beninger, Keegan Downer and Alex Statten, owners of Reis & Irvy’s Canada, must purchase a minimum of 500 total units during the 5-year term which equates to approximately $18,120,000 in future revenues. https://finance.yahoo.com/news/generation-next-franchise-brands-announces-120000558.html. This particular sale, in only the licensees’ first three months of actual trading, represents 16% of the total purchase objectives which equates to approximately $2,900,000.
“We selected Barry Ehlert for his ability to understand the ever-changing business world. He has a proven track record of success in multiple types of businesses and we are extremely pleased with this partnership,” said Beninger, Reis & Irvy’s Canadian master licensee and the President of Reis & Irvy’s Canada.
Barry Ehlert is a business builder and an entrepreneur at heart. He has won awards at Brigham Young University for his business plans, including the “Business in Calgary Leaders” award in 2015, and he was recently nominated for the “Avenue Magazine Top 40 Under 40” list. Ehlert recently worked in the redevelopment of several golf courses, including the Harvest Hills Golf Course and Mickelson National Golf Club, in Calgary. He is currently working on a retail development project which is the result of reconfiguring one of his golf and real estate assets.
“I love this product,” said Ehlert. “The brick and mortar frozen yogurt and ice cream retail industry in Canada is ready for this kind of unattended and very disruptive vending technology developed by the wonderful team at Generation NEXT Franchise Brands. I’m also extremely excited to work with Brett and Keegan, representing the Reis & Irvy’s brand”
In addition to his golf course businesses, Ehlert owns a boutique marketing company and has a partnership with a luxury home builder in Calgary. With all of his business prowess and connections throughout Canada, Ehlert is sure to redefine the frozen yogurt industry through disruption.
Nick Yates, Chairman and Founder of Generation Next, was equally excited about the deal with Ehlert. “This sale speaks volumes to the potential of our international licensing program, which has only just begun. Additionally, this deal showcases the appeal of our patented technology in other markets outside the United States. As a group, our master Canadian licensee and Reis & Irvy’s have once again attracted an amazing entrepreneur to validate what is such an exciting product. We will continue working hard to build more shareholder value outside the U.S. via similar programs.”