SAN DIEGO, CA--(NewMediaWire - Aug 8, 2016) -
(OTCQB: VEND) -- Generation NEXT Franchise Brands,
(formerly Fresh Healthy Vending International) announced today that
it posted their largest month in the history of the company closing
out July with record-breaking bookings, continued expansion of
their newly-launched frozen yogurt robot kiosk concept and the
addition of 53 new franchise locations for Fresh Healthy
Vending.
The solid growth was fueled by the addition of Reis & Irvy's
Frozen Yogurt, but sustained and supported by the company's focus
on the continued expansion of their multiple franchise concepts.
Generation NEXT Franchise Brands is the parent company to both Reis
& Irvy's, Fresh Healthy Vending and the soon-to-be-launched 19
Degrees Premium Frozen Yogurt concept.
"Overall we are off to a positive start to fiscal 2017 since
changing our name to Generation NEXT Franchise Brands. June saw a
record $1,900,000 in deferred revenues and July, being month one of
fiscal 2017, saw $2,500,000 in deferred revenues, the highest
monthly bookings achieved by our company by over $600,000. While
this is great news for shareholders and helps us get closer to our
first cash flow positive quarter, the fact remains that we are
forced to continue paying down the cost of what I would deem to be
a poor fiscal 2016. On a brighter note, and as we enter early
August, Generation NEXT's goals are to keep up the strong month-to
month franchise sales for Reis and Irvy's, begin securing prime
frozen yogurt kiosk locations for our new Reis and Irvy's
franchisees and finally launch both our 19 Degrees and Generation
NEXT corporate websites."
For more information on Generation NEXT Franchise Brands or
their family of brands including Reis & Irvy's, Fresh Healthy
Vending or 19 Degrees, please visit www.gennextbrands.com or call toll free
888-902-7558.
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.
Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, 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 LLC, the
world's first robotic frozen yogurt vending kiosk and 19 Degrees, a
corporate-focused frozen yogurt kiosk brand. The Company hosts a
combined total of 290 active franchisees throughout the United
States, Canada, Puerto Rico and the Bahamas, and continually looks
to partner with like-minded entrepreneurs who share its vision.
Generation NEXT Franchise Brand's stock is traded on the OTC
Markets under the symbol: VEND.
Cautionary note on forward-looking statements
Except for historical information contained in this release,
statements in this release may constitute forward-looking
statements regarding assumptions, projections, expectations,
targets, intentions or beliefs about future events that are based
on management's belief, as well as assumptions made by, and
information currently available to, management. While the Company
believes that expectations are based upon reasonable assumptions,
there can be no assurances that goals, results and strategy will be
realized. Numerous factors, including risks and uncertainties,
terms and availability of financing, may affect actual results and
may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf. In
addition to statements, which explicitly describe risks and
uncertainties, readers are urged to consider statements labeled
with such terms as "believes," "belief," "expects," "intends,"
"feels," "anticipates," "proposes," "proposed," or "plans" to be
uncertain and forward-looking. More detailed information on these
and additional factors that could affect Generation NEXT's actual
results are described in Generation NEXT's filings with the
Securities and Exchange Commission, including its most recent Form
10-Q's for the quarterly periods ended March 31, 2016, December 31,
2015 and September 30, 2015, and its annual report on Form 10-K for
the fiscal year ended June 30, 2015. All forward-looking statements
in this news release speak only as of the date of this news release
and are based on Generation NEXT's current beliefs and
expectations. Generation NEXT undertakes no obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.