Reis & Irvy’s Reports Record Bookings Aggregating 714 Robots and Approximately $29 Million in q3 Fy18

As Reis & Irvy’s Begins Its Installation Rollout, the Company Anticipates Generating Approximately $15 Million in Revenue During The Fourth Fiscal Quarter Ending June 30, 2018.

SAN DIEGO, CA, April 02, 2018 (GLOBE NEWSWIRE) -- Reis & Irvy’s, Inc. (, a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. ( (OTCB: VEND), announced today record bookings for its third fiscal quarter of 2018 aggregating 714 robots and approximately $29 million, compared to 155 robots and $6.1 million during the same fiscal quarter in the prior year.

Other notable items during the quarter are as follows:

  • The company completed the fiscal third quarter ending March 31, 2018 with $7.3 million in cash and restricted cash. This compares to total cash and restricted cash of $1.8 million at June 30, 2017
  • Customer advances and deferred revenue aggregated $38.7 million at March 31, 2018, prior to certain adjustments, compared to $25.0 million at June 30, 2017
  • Accounts receivable aggregated $15.7 million at March 31, 2018, prior to certain adjustments, compared to $12.9 million at June 30, 2017
  • Reis & Irvy’s total franchise network now totals over 210 franchisees representing over 1500 robots
  • The company raised proceeds totaling $5.7 million in the form of an equity offering during the quarter ending March 31, 2018 and has raised aggregate proceeds totaling $11.9 million

 “We are very pleased with our efforts in Q3, fiscal 2018. The Reis & Irvy’s model is building more momentum as each month passes and we have an aggressive installation rollout scheduled for Q4 which will result in us recognizing significant revenue for the first time since we launched the program,” said Nick Yates, Chairman and Founder of Generation Next Franchise Brands. “In addition, we will be exhibiting at CinemaCon in April, National Restaurant Association in May and the International Franchise Expo in June, each show bringing attention to specific industries in which we are targeting for both existing and soon-to-be-launched programs.”

For more information on the revolutionary Froyo Robots or to learn more about how you can own your own Reis & Irvy’s Froyo Robot franchise, visit the Reis & Irvy’s website at  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 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 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.


Contact Data