Generation NEXT Franchise Brands Reports Material Definitive Agreement With Canteen In Recent Filing
SAN DIEGO, CA, Aug. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Generation NEXT Franchise Brands revealed in a recent 8K filing with the U.S. Securities and Exchange Commission (SEC) that the company has entered into a Material Definitive Agreement with Canteen, a division of Compass Group USA, Inc. (“Canteen”) in the form of an Exclusive Location Partnership Agreement.Â
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According to the regulatory filing, the Agreement provides that Canteen will provide location procurement services for the placement of Generation NEXT Franchise Brands’ Reis & Irvy’s vending robots within locations that fall in Canteen’s core businesses.Â
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The agreement provides for Canteen to receive specific referral fees based on the number of locations procured as well as provisions for termination.Â
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Generation Next Franchise Brands, Inc. (OTCQB: VEND) is the developer of the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. Reis & Irvy’s unattended robots eliminate the need for costly rents and employees; significantly reduce food safety concerns; and are capable of operating 24-hours a day.Â
Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelato and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumers’ demand for immediate convenience, entertainment and a superior quality product - be it in shopping malls, medical centers and any other high-traffic area.Â
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For more information, visit the Reis & Irvy’s website at www.reisandirvys.com or call Toll-Free (888) 902-7558.Â
About Generation NEXT Franchise Brands, Inc.Â
Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol OTCBB:VEND. Generation NEXT Franchise Brands, Inc. is parent company to Reis and Irvy's, Inc. and Generation NEXT Vending Robots.Â
About Reis &Â Irvy's, Inc.Â
Reis & Irvy's, Inc. is a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (VEND). Launched in early 2016, the revolutionary Reis & Irvy's Vending Robot serves seven different flavors of frozen yogurt, ice cream, sorbets and gelatos, 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.Â