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"All we need now are some good solid numbers of installs and/or revenue then off to the races."
I agree, DDR, and have been asking for the same thing. Response I get is essentially "Patience, Grasshopper".
Video clip that appeared on the San Diego NBC channel Aug 16 pm:
Made some inquiries and found out that CSA will primarily be managing the corporate machines that will be installed. They will also be available to fill in for a franchisee who may need to be gone for an extended period. No changes to the role that Stoelting and Pitney Bowes are filling for the franchisees (and corporate machines I assume). Stoelting provides some of the components to the robots and PB provides installation and servicing of the robots. And as stated in the recent 8-K, Compass Group will be supplementing VEND's efforts in locating placement options for the robots.
Quite a team:
FLEX manufactures the robots
Stoelting provides component parts such as the yogurt machine itself
Pitney Bowes installs and services the robots
Dannon provides the yogurt and other products
Compass Group assists with location procurement
CSA manages the corporate installations and is available to assist the franchisees
and VEND oversees and manages the whole operation, as well as recruiting and training the franchisees!!
Forgot to mention Lavaille Lavette who was appointed to the Board and should be an effective "voice" for VEND (along with Phil Mickelson who is a franchisee).
When folks realize who Lavaille Lavette is they will take it as a vote of confidence in VEND. And as the word gets out to all her LinkedIn, Twitter and Facebook followers it should bring in scores of new buyers, IMO. An added plus would be if she did a TV interview about R&I and what she sees as her role and contribution to the company.
Generation NEXT Franchise Brands, Inc. Announces Appointment of Lavaille Lavette to Board of Directors
San Diego, CA -- August 14, 2018 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands, Inc. (OCTQB: VEND) announced today the appointment of Lavaille Lavette to the company’s Board of Directors. Generation NEXT Franchise Brands’ flagship subsidiary, Reis & Irvy’s, is the world’s first franchise of robot-staffed, fully automated frozen dessert vending kiosks.
With a Master’s in Education, Lavaille Lavette has worked as an investment broker, schoolteacher, school district administrator, speechwriter, marketing executive, and sales-merchandising leader.
A best-selling author, marketing and educational expert, Lavaille served as the Special Advisor to the U.S. Secretary of Education, Dr. Rod Paige, U. S. Department of Education, 2001 – 2005. Lavaille is a Founding Board Member and the first President of the Luanda Africa Sister City Association and is involved in a number of international charitable ventures. She also served on the board of directors of the Greater Houston Convention and Visitors Bureau, Aspiring Youth Foundation and the Foxshire Foundation.
Currently she heads up a marketing consulting firm and multi-media packaging company. The company develops and markets products in the airport, publishing, food, and the sports industry. Over the past 15 years Lavaille has used her merchandising and sales expertise to manage a number of airport food and retail concepts.
Lavaille combined three of her passions (Time Management, Leadership Training, and Charitable Causes) with the creation of the 86400 Seconds Movement, “Making a Difference, Being The Difference.” There are 86,400 seconds in a day; the 86400 Seconds Movement is the instigator for a renewed life of intention and relevance. Her book, 86400, Manage Your Purpose to Make Every Second of Each Day Count, offers guidance and examples on how to live every second of each day purposefully and with renewed life. The message of 86400 inspires and helps audiences to use their time in ways to accomplish more in their lives and make a positive difference in the world.
Lavette is also the co-author ofYolanda Adams’ Points of Power, and author of the bestselling children’s book series, Steve Harvey presents “The Adventures of Roopster Roux”.
Beyond her work in community engagement, nonprofit and the marketing spheres, Lavette is co-founder of Every Child An Author, (ECAA) Class-by-Class, School by School. ECAA is on a mission to make every child in America a published author, one grade level at a time. (http://everychildanauthor.com) She teamed with Fox 26 network to spearhead Fox’s on air 86400 Book Club For Kids. (http://86400bookclub.com)
Combining a “do it all” philosophy with a multi-faceted background, Lavaille continues to advocate for disadvantaged youth in the U.S. and Africa.
“A Force for Good”
In terms of synergy, Lavaille brings with her a depth of experience in both the public and private sectors, especially in terms of retail and merchandising. She brings further value to the Board with her long-standing business agreement with Walmart, developing food concepts in stores across North America.
“Throughout her career and personal life, Lavaille has been a force for good, both in business, and in the world.” said Nick Yates, CEO of Generation NEXT Franchise Brands. “But most of all, we’re impressed with her ability to unify stakeholders. Lavaille is a charismatic leader, of the utmost integrity, who will help to ensure that our interests are always aligned with all of our stakeholders - be they consumers of our products, our dedicated employees, our investors and franchisees; to the communities we serve and will serve in the future. Lavaille’s appointment to our Board is a part of our commitment to being the best corporate citizen we can as we progress through a time of rapid worldwide expansion,” Yates concluded.
“I’m honored to join the Board at Generation NEXT Franchise Brands. Since coming to know the company, I’m fully confident the executive team is taking all the right steps to elevate the company to the next level,” Lavette said. “Together, with my experience and connections in retail and Generation NEXT leadership’s commitment to superior quality and service, we are a recipe for success."
Thanks to whoever was selling early Friday and drove the price down. I was able to buy more shares in the low 2.20's and made an immediate 5+% profit on them by the end of the day and expect much more in the future.
Alvie
Look at the action after the PR.
VANCOUVER, British Columbia, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to report financial and operating results for the second quarter and first half of 2018.
“Our cash balance increased by more than $72 million through the quarter to $142.5 million as a result of our improved production at lower costs,” said Joseph Ovsenek, President & CEO of Pretivm. “In the first half of the year, we’ve reached steady state production, fully implemented our grade control program and met our production guidance. We intend to build on this positive momentum for the remainder of the year, firmly establishing Pretivm as a premier high-grade gold producer.”
Second Quarter 2018 Summary
Production of 111,340 ounces of gold.
Revenue of $146.5 million on 115,309 ounces of gold sold.
Total cost of sales $86.4 million or $749 per ounce of gold sold1.
AISC1 of $648 per ounce of gold sold.
Net earnings of $31.1 million ($0.17 per share).
Adjusted earnings1 of $47.0 million ($0.26 per share).
Cash and cash equivalents of $142.5 million as at June 30, 2018.
Achieved first half 2018 guidance with a total of 187,029 ounces of gold produced at an AISC of $783 per ounce of gold sold.
Second Quarter Production Overview
Production totaled 111,340 ounces of gold and 118,205 ounces of silver.
Mill feed grade averaged 14.9 grams per tonne gold for the quarter.
Gold recoveries averaged 97.7%.
Process plant throughput averaged 2,604 tonnes per day for total of 236,990 tonnes of ore.
Mine development averaged over 740 meters per month during the quarter to prepare additional stopes which will allow for optimization of ore grades feeding the mill.
Gold production from March throughout the second quarter reflected the full integration of the operational grade control program. Grade control is critical for grade prediction and the refinement of stope shapes, which results in reduced dilution and optimized grade to the mill.
Second Quarter Financial Overview
Revenue of $146.5 million was generated from mine operations.
The Company sold 115,309 ounces of gold at an average realized price1 of $1,278 per ounce generating $147.4 million in revenue. The Company sold 118,366 ounces of silver generating $1.6 million in revenue.
Treatment costs and refining charges associated with concentrate sales, in the amount of $4.3 million, were included within concentrate revenue. The average London Bullion Market Association AM and PM market price over the quarter ended June 30, 2018 was $1,306 per ounce.
Total cost of sales was $86.4 million or $749 per ounce of gold sold.
Total cash cost was $548 per ounce of gold sold and AISC was $648 per ounce of gold sold.
Sustaining capital expenditures amounted to $3.2 million (including $1.1 million deferred development costs incurred during production).
Earnings from mine operations were $60.1 million.
Net earnings were $31.1 million or $0.17 per share.
Adjusted earnings1 were $47.0 million or $0.26 per share.
Cash generated from operating activities was $77.3 million.
Cash and cash equivalents were $142.5 million as at June 30, 2018 increasing $86.2 million from $56.3 million at December 31, 2017. The Company has working capital of $133.2 million excluding the current portion of long-term debt as at June 30, 2018 compared to $40.6 million as at December 31, 2017.
Application to increase production rate
On December 20, 2017, the Company submitted an application to the BC Ministry of Energy, Mines and Petroleum Resources and the BC Ministry of Environment and Climate Change Strategy to increase the Brucejack Mine production rate to 3,800 tonnes per day. The increase would result in an annual average production rate of 1.387 million tonnes, up from 0.99 million tonnes (a daily average of 3,800 tonnes from 2,700 tonnes). Based on preliminary engineering, the capital cost to increase the mill capacity is estimated to be less than $25 million. The approval process is expected to be completed by year end.
Sell volume (100,000) 5 times buy volume (20,000) today for some unknown reason...looked like MM's were successful in taking out some stops but lack of buying exacerbated the decline, especially late in the day.
Metals Exploration Budgets are Slated to Grow Globally
BY PR Newswire
— 9:00 AM ET 08/09/2018
Pretivm Resources Inc. is emerging as the premier low-cost intermediate gold producer with production at the high-grade underground Brucejack Mine in northern British Columbia now at steady state. Last month, the Company reported second-quarter gold production results and provide guidance for the second half of 2018 for the Brucejack Mine. Gold production from March throughout the second quarter has reflected the full integration of the operational grade control program which comprises drilling, sampling and local modeling. Grade control is critical for grade prediction and the refinement of stope shapes, which results in reduced dilution and optimized grade to the mill. Gold production at Brucejack for the second half of 2018 is expected in the range of 200,000 ounces to 220,000 ounces, for total 2018 gold production of 387,000 ounces to 407,000 ounces.
I'm not trading, just holding, so, yes, I want the long term trend to go up. Why do you think otherwise? I was just trying to clean up some erroneous information that was posted and I think now that has been done. I'm content, although a little impatient, to wait on more news from VEND.
Alvie
See post #1406.
TO ALL POSTERS:
Please refrain from mentioning any TV News Channel which might be planning on featuring upcoming news or information on a stock. Advance knowledge of such might lead to "frontrunning" of the stock where someone with that knowledge might buy in advance of the airing of the news anticipating that the it will cause a rise in the stock price, which could constitute illegal trading of the stock.
Thanks,
Alvie
Can't mention News Channel in a posting. Don't know that it aired. couldn't watch.
Alvie
GordonFG posted in part the following (original message deleted):
Alvie,
Sorry for the delay. One of my units ship on the 24th for install in the first week in September. Compass deal huge. The Cincy deal was me. Several units installed with only minor programming adjustments needed. Gonna be a fun ride.
Don't have any more loose pennies to buy more so I'm ready for them to get the show on the road. Isn't helping that gold price is mired in the low 1200's.
Very informative summary, stargazer123. Thanks for posting.
Current Report Filing (8-k)
On July 31, 2018, the Company entered into an Exclusive Location Partnership Agreement (the “Agreement”) with the Canteen Vending Division (“Canteen”) of Compass Group USA, Inc. (“Compass”). The Agreement provides that Canteen will provide location procurement services for the placement of the Company’s vending robots within locations that fall in Canteen’s core businesses, including locations operated by sector partners within Compass. The term of the Agreement is for twelve (12) months with a potential 12-month renewal term and provisions for termination. The Agreement provides for Canteen to receive specific referral fees based on the number of locations procured by Canteen.
----------------------------------------------------------
From the website of Compass Group USA:
As the leading foodservice and support services company, Compass Group North America is a family of companies building experiences for all of our customers. We serve award-winning restaurants, corporate cafes, hospitals, schools, arenas, museums, and more. In addition, we are proud to offer state-of-the-art self-service and office coffee solutions.
Based in Charlotte, NC, Compass Group North America has over 250,000 associates and $17 billion in revenues in 2017. We have the privilege of serving such prestigious clients as IBM, United Technologies Corp., SAP, Mount Sinai Hospital NYC, Louisiana State University, and Texas A&M University. In addition, Compass provides catering to special events such as the US Open and the Academy Awards®. Compass Group was the official catering services supplier for the 2002 Olympic and Paralympic Winter Games in Salt Lake City.
Our parent company, UK-based Compass Group PLC, operates in 50 countries, with leading market positions in the UK, Continental Europe, Australia, and the US, combined with business in developing markets in Eastern Europe, South America, and Asia. Compass Group employs more than 500,000 associates worldwide delivering superior service for the highest customer experience. The Group had revenues of £22.9 billion in the fiscal year ending September 30, 2017.
Agree. I've already tested out product from a local install in July and it exceeded my expectations - excellent. Just need to get more installations around the country and the stock will take off.
Always good to see a positive attitude - I fully agree, just somewhat impatient after holding for 4+ years but still confident of the future.
Alvie
and the beat goes on..... another crumb drops - hopefully soon they will add up to an entire loaf...
Reis & Irvy's, Robot-Staffed Frozen Yogurt Chain, Inks $9.0 Million Master Franchise Agreement in Cincinnati, Ohio
Combined with Recent Columbus Expansion, the Agreement Brings the Total to $13.2 Million in Master Franchise Contracts in Ohio
San Diego, CA -- Aug. 06, 2018 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed an exclusive agreement with master franchise rights for the robot-staffed frozen yogurt chain in Metro Cincinnati, Ohio, home to more than 2 million people.
Greater Cincinnati
The $9.0 million, exclusive territory deal includes contracts for 18 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 182 locations (200 total) throughout the metro area as part of an agreement that secures the group’s exclusive rights to the greater Cincinnati area.
According to the federal Bureau of Economic Analysis, Cincinnati is the the fastest growing economic power in the Midwestern United States. The region provides a host of premiere location opportunities. Cincinnati is the home to the University of Cincinnati and three major sports franchises, including the Reds (MBL), Bengals (NFL) and FC Cincinnati (MLS in 2019).
Gregg Wilhelm, the Cincinnati master franchisee, was originally attracted to the simplicity of the Reis & Irvy’s business model: “There’s nothing quite like running your own business — it’s simultaneously rewarding, exhilarating and challenging. Reis & Irvy’s innovative franchise concept provides an opportunity to create great cash flow and to almost entirely eliminate overhead; this kind of flexibility is appealing. We are looking forward to a long and prosperous relationship with the folks at Reis & Irvy’s.”
Columbus
Ohio-based franchisee Ken Green, one of a group of private investors who will operate under the name Reis & Irvy’s Columbus, believes Columbus, the largest city in Ohio, as well as the home of Ohio State University, is the perfect place to launch such a venture: “We originally committed to 12 robots in Columbus, but after seeing the robot in action and tasting the yogurt, we knew we wanted to go bigger. The Reis & Irvy’s robot is a winner in so many ways – fun and entertaining, creative and disruptive, and supported by the partnership of Generation NEXT’s incredible team. Columbus is known as a food service test market and home to many food startups, and we are excited to bring this innovative new concept to our hometown!”
The $4.2 million, exclusive territory deal includes contracts for 18 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 81 locations throughout the metro area as part of an agreement that secures the group’s exclusive rights to the greater Columbus area, the fourteenth largest city in the United States, home to 2.1 million people.
Reis & Irvy’s: Franchise Expansion Highlights:
Since its debut, Reis & Irvy’s has grown to over 265 franchisees across the U.S. and represents over 1,300 pending robot installations aggregating approximately $55 million, with additional contract commitments for over 2,900 robots worth an estimated $115 million ($170 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.
With $170 million in franchise and licensing contracts, Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) is leading the way with frozen desserts, fully autonomous robotic delivery, visual and audio entertainment, and a unique retail experience. The robots also accept cash, credit cards, Apple Pay and Google Wallet, and the company is working on accepting cryptocurrencies such as Bitcoin for payment in the near future
GordonFG
Have you heard anything more about specific units being installed? How about your own units that you were waiting on?
Hello, Tom. I wish I had the information you are looking for. I too have been asking IR for numbers but haven't gotten any. The only specific information I have is from the June 26 PR about three locations - Houston, Auburn Hills, MI and Wynnewood, PA.
There was a poster a few months back who is a franchisee and was waiting to hear about when he would be getting a robot. Maybe he is still around and can respond.
If I can find out anything else I will let you know.
Do you still have an active FB investor group and how does one get an invite to join?
Alvie
All it needs is a good catalyst. Item this morning was 'nice' but it was old news and won't do much but maybe add a few pennies. NEED SOME MAJOR NEWS!!
Yogurt: Dairy's New Cash Cow
NEWS PROVIDED BY
FinancialNewsMedia.com
08:55 ET
CORAL SPRINGS, Florida, August 1, 2018/PRNewswire/ --
FinancialNewsMedia.com News Commentary
Yogurt sales approach $9 billion in 2017; Annual sales growth expected to continue until at least 2022 - The U.S. yogurt industry grew to about $9 billion in 2017 according to "The Yogurt Market and Yogurt Innovation, 3rd Edition" report buoyed by increasing consumption, growing awareness of health benefits, a shift towards higher-margin products and innovative new products. U.S. consumers have embraced not only frozen yogurt and Greek yogurt, but also authentic, clean-label and organic versions, as well as yogurt drinks, making yogurt dairy's new cash cow.
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: Menchies and Yogertland. These "unattended" robots eliminate the need for costly rents, employees, food safety measures and are capable of operating 24-hours a day. Since its debut, the company's frozen yogurt robot brand has grown to over 255 franchisees across the U.S. and represents over 1,275 pending robot installations aggregating over $55 million, with additional contract commitments for over 2,900 robots worth an estimated $115 million ($170 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. The company has a partnership agreement with global leading frozen yogurt maker Dannon YoCream™ to frozen yogurt consumables in VEND's Froyo Robots.
Morning trading was pretty even with about 27k shares bought and the same number sold, but buying came on pretty heavy in the afternoon with nearly 80k shares bought. Maybe a harbinger of good things to come? PR or other news soon? Timing is about right as it has been 2 weeks since the last PR and now the beginning of the month. Timely to say something about the number of robots delivered/installed during July....
VEND just put out the official Fox Business News clip from June 26 featuring Phil Mickelson becoming a new VEND franchisee....maybe more to come about that??
https://bit.ly/2LUr40n
Note that the clip is from a month ago and shows a share price for the stock of 2.18. It's currently up by nearly 9% from where it was a month ago when Phil bought in (although down from its recent high).
Up 7% on nearly 1MM shares in the first 90 minutes!!!
If they can meet the latest targets they've set for delivery and installation of machines, I believe the $3.5 is a lock for year end. JMO
What is your time frame for your $3.5 target? Analyst didn't give a time frame but it's usually 6-12 months out. I've been carrying a $4 EOY target but it seems they are slipping on their deliveries so I'm probably optimistic.
Thanks, tjw0099, but I don't have a FB account. Maybe you could summarize significant info and post here occasionally.
SeeThruEquity Issues Update on Generation NEXT Franchise Brands, Inc. (VEND) and Raises Target Price to $3.50
ACCESSWIRE•July 19, 2018
NEW YORK, NY / ACCESSWIRE / July 19, 2018 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on Generation NEXT Franchise Brands, Inc. (VEND) and has raised its target price to $3.50.
We are updating coverage of Generation NEXT Franchise Brands, Inc. (VEND). Located in San Diego, CA, VEND was founded in 2016 and is the parent company to 1) Fresh Healthy Vending LLC, a leading healthy-choice vending machine franchise and 2) Reis and Irvy's, Inc., a robotic frozen yogurt vending kiosk. We see several catalysts ahead for VEND as it prepares for a nationwide rollout of its Frozen Yogurt Robots, in partnership with manufacturing leader Flex, Inc., which was responsible for manufacturing the first Redbox units. The company has also partnered with Dannon YoCream, Stoelting Food Service, and Pitney Bowes, which will provide national installation and servicing.
VEND reports $50mn in bookings in FY18
On July 9, 2018, VEND Chairman and Founder Nick Yates announced the company completed FY2018 (June 30, 2018) with aggregate franchise sales bookings and deferred revenue of $50mn for its flagship Reis & Irvy's Frozen Yogurt Robots, representing approximately 1,200 units over 250 franchises. The company also stated that its cash position had improved to $10mn, and total assets had reached $45mn, versus $18mn at the end of FY2017. Reaching a key milestone for revenue recognition, VEND has begun customer installations of the Frozen Yogurt Robot in June 2018, with initial installations taking place in Pennsylvania, Texas and Michigan, including at Great Lakes Crossing Outlets, Michigan's largest indoor mall. Management now expects to deliver 50 units in July 2018, with the pace reaching 150 in August and 240 units per month by September.
Bookings momentum appears to be continuing into FY2019
In addition to the strong $50mn of new franchise sales bookings in FY2018, VEND appears to be on pace to more than double this figure in FY2019. The company announced that it had received additional bookings commitments for up to $110mnm. We believe this represents commitments of more than 2,800 new machines, which, if these commitments close, would bring the total network to approach an installed base of 4,000 machines over the next 12-24 months. Recent new business wins include the June 20, 2018, announcement that five-time Major Golf Champion Phil Mickelson and career-long business manager and business partner Steve Loy had committed to becoming franchisees with 30 Frozen Yogurt Robots planned for the San Diego area.
On June 29, 2018, the company also announced a significant new master franchise agreement in the Atlanta area with local business leader and founder of Clinical Resources LLC Jennifer Scully. The deal includes exclusive rights to the Atlanta metro area, including commitments for up to 500 machines, and represents a revenue opportunity of more than $20mn, according to the announcement. In addition to revenue from new franchise sales, the Frozen Yogurt Robot business also includes franchise agreements that call for ongoing revenue sharing on gross sales, providing an annuity like future revenue stream on its installed base.
Raising target to $3.50
We are updating our price target to reflect recent momentum in the business, as highlighted by management in recent new bookings announcements, which position the company for robust growth in FY2019. We note that VEND appears to be gaining traction quickly in the frozen yogurt market with its strategy of emerging as a form of Redbox for frozen yogurt. The company has been a strong performer in our coverage universe, with shares rising by 160.2% in the last 12 months.
Well, that little rally didn't last long - gold currently down ~$5.
NAK
Gold already climbing in Sydney and Hong Kong....
Star and Sherman, I don't disagree with anything either of you have said, although I would feel more comfortable if this uptick had happened on a larger volume day - 458k shares is not a large volume, relatively.
JMHO, Alvie
BRIEF-Pretivm To Complete C$3 Mln Flow-Through Share Private Placement
BY Reuters
— 5:40 PM ET 07/19/2018
July 19 (Reuters) - Pretium Resources Inc ( PVG):
* PRETIVM TO COMPLETE C$3 MILLION FLOW-THROUGH SHARE PRIVATE PLACEMENT
* PRETIUM RESOURCES ( PVG) - HAS NEGOTIATED NON-BROKERED PRIVATE PLACEMENT CONSISTING OF 227,273 FLOW-THROUGH COMMON SHARES OF CO AT PRICE OF C$13.20 PER SHARE
* PRETIUM RESOURCES INC ( PVG) - PROCEEDS OF OFFERING WILL BE USED TO FUND GRASS-ROOTS EXPLORATION APPROXIMATELY 20 KILOMETERS EAST OF BRUCEJACK MINE
Haven't seen or heard anything. Could also be MM's taking out stops.
The opposite of a short squeeze is a coordinated short attack.
Another positive move by VEND:
Reis & Irvy's Robot-Staffed Frozen Yogurt Chain Inks $9.6 Million Master Franchise Agreements in Columbus, Ohio and Oklahoma City
Columbus and Oklahoma City are the latest expansion territories that also include Miami, Orange County, Los Angeles and Atlanta
San Diego, CA -- July 17, 2018 -- InvestorsHub NewsWire -- Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed two agreements with exclusive master franchise rights for the robot-staffed frozen yogurt chain in both Ohio and Oklahoma.
Oklahoma
Kristopher Barlow, convinced of the incredible potential that Reis & Irvy’s disruptive business model presents, has purchased exclusive rights to the Greater Oklahoma City territory. The $5.4 million deal includes contracts for 18 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 102 installations throughout the metro area.
The area continues to grow, offering any number of major location opportunities. Oklahoma City is the twenty-seventh largest city in the United States, home to 1.4 million people, the headquarters to Chesapeake Energy Corporation and Devon Energy Corporation, and many corporations with a large presence in the city, including The Hertz Corporation, Farmers Insurance Group, The Boeing Company, American Fidelity Assurance, Cox Communications and others.
“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 Oklahoma 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,” said Barlow. “I’m excited about this partnership and look forward to bringing this opportunity to the thriving Oklahoma Metro area.”
Barlow is an entrepreneurial, results focused, energetic and proven leader with broad experience in upstream Energy & Production (E&P) Supply Chain, Department of Defense (DoD) Contracting with additional experience in Financial Planning and Business Ownership. Actively seeking out investment opportunities that embrace technology, he is currently a partner in a Healthcare Company, SNAP by Salubrious Nurse Practitioners, PLLC that focuses on streamlining the patient experience through integration of software.
“I see the human-less economy taking shape and literally transforming how business is transacted. In order to stay competitive, it simply has to happen,” said Barlow, of Robotic Concepts, LLC. “I’m excited about the concept, I’m excited for Oklahomans and the future ahead. Generation NEXT has a great team in place, they’re all focused on Service before Self and Excellence, two core values dear to me.”
Ohio
Ohio-based franchisee Ken Green, one of a group of private investors who will operate under the name Reis & Irvy’s Columbus, believes Columbus, the largest city in Ohio, as well as the home of Ohio State University, is the perfect place to launch such a venture: “We originally committed to 12 robots in Columbus, but after seeing the robot in action and tasting the yogurt, we knew we wanted to go bigger. The Reis & Irvy’s robot is a winner in so many ways – fun and entertaining, creative and disruptive, and supported by the partnership of Generation NEXT’s incredible team. Columbus is known as a food service test market and home to many food startups, and we are excited to bring this innovative new concept to our hometown!”
The $4.17 million, exclusive territory deal includes contracts for 18 initial Reis & Irvy’s locations along with an agreement and letter of intent for an additional 81 locations throughout the metro area as part of an agreement that secures the group’s exclusive rights to the greater Columbus area, the fourteenth largest city in the United States, home to 2.1 million people.
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 1,275 pending robot installations aggregating over $55 million, with additional contract commitments for over 2,900 robots worth an estimated $115 million ($170 million in total) in potential future revenue 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.
For more information, visit the Reis & Irvy’s website at www.reisandirvys.com or call Toll-Free (888) 902-7558.
Generation NEXT Website:
www.gennextbrands.com
Thanks, and welcome. Mono has his fingers in many pies but glad you followed him here. Should be more good things to come....
SHORT INTEREST FOR VEND
According to the official OTC Markets listing for VEND, short interest history has been:
4/13/18...303,964 shares
4/30/18...496,132
5/15/18...500,681
5/31/18...648,028
6/15/18...653,266
6/29/18...645,865
While there was likely some covering last week, it is probable that the majority of these shorts remain uncovered, IMO