SeeThruEquity recently issued an update on Generation Next Franchise Brands (OTCQB: VEND) and raised the price target on shares of the company’s stock to $1.50. The company recently entered into the frozen yogurt market through its three newly-formed subsidiaries: Reis and Irvy’s Inc., 19 Degrees, Inc., and Generation Next Vending Robots, Inc. SeeThruEquity noted that the company appears to be gaining traction in the market and attributes the positive positioning to the company’s backlog of deferred revenue related to Froyo Robot bookings, franchise agreements, and an added revenue stream from royalties. The analyst also cited the company’s strengthened intellectual property position, which is expected to support the technology for its Froyo Robots, and its engagement of exclusive development partner Lancer Corporation as encouraging milestones in its entrance into the frozen yogurt market.
For more information, visit www.gennextbrands.com
About Generation NEXT Franchise Brands
Generation NEXT Franchise Brands, based in San Diego, California, is parent company to Fresh Healthy Vending LLC, a 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 kiosk brand and Generation NEXT Vending Robots, a newly established owner/operator model. The company hosts over 350 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.
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