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Generation Next Franchise Brands Inc
2620 Financial Ct Ste 100
Phone: (858) 210-4200p:858 210-4200 SAN DIEGO, CA  92117-3459  United States Fax: (858) 210-4528f:858 210-4528
Filed for Bankruptcy on 12/15/2019
Case #19-17921, filed in the U.S. Bankruptcy Court for the District of Nevada (Las Vegas)
On 1/24/2020, the voluntary petition for the Company for reorganization under Chapter 11 was converted to Chapter 7.
This company is no longer actively traded on any major stock exchange.
Business Summary
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.
(Source: 10-K)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/20196/30/2019YesYesYes-Yes

Industries
SIC Code Description
5962 Automatic merchandising machine operators
7359 Equipment rental and leasing, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Interim Chief Executive Officer, Chief Financial Officer, Chief Operating Of RyanPolk 52 10/7/2019 4/1/2019
Chief Marketing Officer Paul B.Schmidt 2/25/2016 2/25/2016
Secretary Arthur S.Budman 11/26/2019 10/1/2014

Subsidiaries
Business Name Address City State/Province Country
Reis & Irvy's, Inc. 2620 Financial Court San Diego CA United States
The Fresh And Healthy Vending Corporation 2620 Financial Court San Diego CA United States

Business Names
Business Name
19 Degrees, Inc.
FHV Acquisition Corp.
FHV LLC
7 additional Business Names available in full report.

General Information
Number of Employees: 49 (As of 6/30/2019)
Outstanding Shares: 74,023,310 (As of 9/24/2019)
Shareholders: 33
Stock Exchange: OTC
Federal Tax Id: 452511250
Fax Number: (858) 210-4528


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Saturday, July 22, 2023