Local Entrepreneur Barry Ehlert Plans to Disrupt the Retail Frozen Yogurt Market with Patented Robotic Vending Technology
SAN DIEGO, CA, April 09, 2018 (GLOBE 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.”
For more information on the revolutionary Frozen Yogurt Robots or to learn more about how you can own your own Reis & Irvy’s Frozen Yogurt Robot franchise, visit the Reis & Irvy’s website at www.reisandirvys.com or call toll free 888-902-7558. Follow us on Twitter @Reisnirvys, on Facebook @reisandirvys and on Instagram @reisnirvys.
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 Frozen Yogurt 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 generate revenue and recognize deferred revenue; our ability to timely launch delivery and installation of our frozen yogurt 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.