GENERATION NEXT FRANCHISE BRANDS, INC. (OTCMKTS:VEND) Files An 8-K Other EventsItem 8.01 Other Events
On September 28, 2017, Generation Next Franchise Brands, Inc. (the “Company”) announced that it selected global service solutions provider Pitney Bowes (“Pitney Bowes”) as its deployment and services partner, bringing end-to-end service optimization and logistical support to the Company’s growing national Reis & Irvy’s franchise network.
With over 96 years of industry leading quality service across multiple customer-facing industries, Pitney Bowes is a global leader in Integrated Service and Solutions. With a history of providing exceptional customer service and support, Pitney Bowes provides scalable business solutions for customers around the world, ranging from mailing and delivery services to full-scale customer / technical support and ongoing maintenance and transportation logistics.
Under the authorized service provider agreement entered into by and between the Company and Pitney Bowes (the “Agreement”), Pitney Bowes will provide a fully-scalable delivery, installation and support program designed specifically for the deployment of the Reis & Irvy’s Froyo Robots due to begin production next month. Among the key services provided to all Reis & Irvy’s Froyo Robot franchisees under the Agreement will be: managed kiosk transportation, delivery and installation, equipment testing and setup, connectivity and start-up performance analysis, as well as ongoing support and repairs as needed by each franchisee.
The Froyo Robots are currently scheduled for an initial rollout of an estimated 1,000 units by July 1, 2018 with the first units being ready for installation in November 2017.
The Agreement has an initial term of three (3) years, which is automatically renewed for successive one-year terms, unless terminated by either party.
About GENERATION NEXT FRANCHISE BRANDS, INC. (OTCMKTS:VEND)
Generation NEXT Franchise Brands, Inc. formerly Fresh Healthy Vending International, Inc., is a franchise development company and operator of Company-owned vending machines, micro markets and frozen yogurt robots. The Company provides a portfolio of fresh, organic and all-natural snacks and drinks. The micro market provides fresh full meal options, such as salads, sandwiches and wraps. The micro market is designed for implementation in corporate environments, hotel lobbies, auto dealerships and other retail environments. The Company is focused on setting up national distribution partners to carry the consumable products required for the frozen yogurt robots. It outsources non-core functions to third-party vendors. Its services include machine manufacturing, transport, location set-up, maintenance, inventory, food management and ordering, payment processing and cash management. As of June 30, 2016, the Company and its franchisees operated over 3,000 vending machines and micro markets.
