With recent agreements already in place within Canada, Israel and Oman, the hire emphasizes corporate focus on continued international expansion.
SAN DIEGO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Generation NEXT Franchise Brands, Inc., parent company to subsidiary brand Reis & Irvy’s, the world’s first frozen yogurt robot franchise, announced today that it has hired Andrew Beach as Director of International Licensing for the company’s flagship frozen yogurt franchise concept. With an extensive background in business management and franchise operations as well as international licensing, Beach will lead the continued expansion of the Reis & Irvy’s brand around the world through its master license partnerships.
The high-tech robotic vending machines, which serve frozen yogurt, ice creams and sorbets, topped with six delicious toppings in under 60 seconds, have seen a tremendous response from the market. Since its debut in April of 2016, Reis & Irvy’s has grown to over 200 franchisees across U.S. and international markets, representing more than 1,000 pending robot installations. The popularity of the Froyo Robots has expanded exponentially and is sparking demand from entrepreneurs inspired to be part of the newest innovation in on-demand vending robotics, both domestically and around the world. In late 2017, the franchise took aim at the international market, securing its first global agreements within Canada, Oman and Israel representing more than $22.6 million in potential revenue if certain purchase objectives are met from vending robot sales. Beach, whose previous experience includes international licensing for United Franchise Group (representing Signarama, Transworld Business Advisors, Experimac, Venture X, Jon Smith Subs, Paramount Tax & Accounting and Accurate Franchising) will now focus on accelerating the Reis & Irvy’s international expansion efforts.
“As the Reis & Irvy’s Franchise continues to grow within the United States, it became apparent through our first international agreements, that its popularity has global potential,” said Nick Yates, Chairman of Generation NEXT Franchise Brands. “That being said, our focus is to capitalize and expand the reach of this amazing opportunity to every corner of the world. Andrew brings the expertise and knowledge of international markets that will make that happen.”
Beach, originally a native of New York, has settled into his role within the Generation NEXT Franchise Brands San Diego headquarters, but has his eye on global opportunities.
“Reis & Irvy’s is a brand that is transforming and disrupting the frozen dessert industry as a whole, not just within the United States, but on a global level,” said Beach. “Individuals around the world that have the infrastructure to replicate our successful model here in the U.S., now have the opportunity to be the first within their respective countries to provide consumers with a technology that has never been seen before.”
For more information on the revolutionary Reis & Irvy’s Froyo Robots or to learn more about Master Licensing opportunities, visit the Reis & Irvy’s website at http://www.reisandirvys.com To learn more about Generation NEXT Franchise Brands or their family of brands, including Reis & Irvy’s, please visit www.gennextbrands.com or call toll free 888-902-7558.
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This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. No Reis & Irvy's franchises will be sold to any resident of any state until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such state and the required FDD (if any) has been delivered to the prospective franchisee before the sale in compliance with applicable law. Currently, the following states in the United States regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you reside in one of these states, or even if you reside elsewhere, you may have certain rights under applicable franchise laws or regulations.
About Generation NEXT Franchise Brands, Inc.
Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol: VEND. Generation NEXT Franchise Brands is parent company to Fresh Healthy Vending LLC, the market’s leading healthy-choice vending machine franchise, Reis and Irvy's, Inc., the world’s first robotic frozen yogurt vending kiosk, 19 Degrees, a corporate-focused frozen yogurt robot brand and Generation NEXT Vending Robots, our newly established owner/operator model. The Company has sold over 600 franchises throughout the United States, Canada, Puerto Rico and the Bahamas, and continually looks to partner with like-minded entrepreneurs who share its vision.
About Reis & Irvy’s, Inc.
Reis & Irvy’s, Inc., is a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (OTCB: VEND). Launched in early 2016, the revolutionary Reis & Irvy’s Froyo Robot vending machine serves seven different flavors of frozen yogurt, ice cream, sorbets and gelato’s, a choice of up to six custom toppings and to customers within 60 seconds or less at the point of sale. The unique franchise opportunity has since established itself as a high-demand product and currently showcases a franchise network both domestically as well as internationally.
Cautionary note on forward-looking statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others, statements concerning our future financial performance, including statements regarding our ability to timely launch delivery and installation of our Froyo Robots and our ability to grow our franchising and licensing divisions and launch our corporate-owned and direct sales platforms. The Company bases these forward-looking statements on its current expectations, estimates and projections about future events and the industry in which it operates using information currently available to it. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Forward-looking statements are identified by words such as "believe," "anticipate," "propose," "expect," "intend," "plan," "will," "may," "estimates," variations of such words and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Factors that could cause actual results to differ from those implied by the forward-looking statements contained in this press release are set forth in our fillings with the Securities and Exchange Commission (SEC), including our most recent Annual Report on Form 10-K for the year ended June 30, 2017, our Quarterly Reports, and our Current Reports on Form 8-K. Be advised that developments subsequent to this press release are likely to cause these statements to become outdated and the Company is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
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