Generation Next Franchise Brands Acquires Print Mates,Taking Center Stage At NAMA Alongside Reis & Irvy’s Machines

Posted On: 4/18/2019

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SAN DIEGO -- Generation Next Franchise Brands Inc. said it will acquire the assets of Print Mates LLC, a small team of entrepreneurs, software engineers. and photography professionals who developed the Print Mate Kiosk that let patrons print photos from their phones. Generation Next will exhibit its Reis & Irvy’s and Print Mates machines at next week’s National Automatic Merchandising Association NAMA Show in booth 829. The NAMA Show will be held April 24-26 at the Las Vegas (NV) Convention Center. Generation Next is best known for its Reis & Irvy's frozen dessert vending machine.
Print Mates assets will be held by a wholly owned subsidiary of Generation Next which will operate separately with its own facilities, staff and resources.
Customers can instantly print high-quality photos directly from their smartphones or through their favorite social media (Facebook, Instagram, Google Photos, Dropbox, and Flickr) photo-sharing, or cloud-storage accounts in six different sizes of prints in just seconds.
They can also conveniently order decor and other photo products, gifts and accessories ranging from frames, picture books, posters, jumbo-sized prints, and fridge magnets to canvas and wood prints and have them conveniently shipped to their homes with just a few taps. A soon-to-be-released software update will also add an option for passport photos.
Generation Next noted that Print Mates' touchscreen kiosks drive much-needed foot traffic to traditional brick-and-mortar businesses ranging from supermarkets, grocery and drug stores to big box retailers, shopping malls, family fun centers and convenience stores, to hotels and airports. The Print Mates Kiosks put reliable and quality photo printing at customers' fingertips while allowing independent operators and business owners to earn a margin from each sale.
"The ultimate goal, however, is to own and operate thousands of these replicating the Redbox/Coinstar model and the team at Print Mates has already established relationships and tests with the country's largest retail, convenience and grocery chains," said Generation Next Franchise Brands chief executive Nick Yates.
Generation Next said it is assuming the liabilities of Print Mates LLC in exchange for the assets. There is no cash consideration being paid by Generation Next to Print Mates or any of its members. The assets acquired include five patent applications, complete engineering documents for the kiosk, customer contracts, supplier agreements, intellectual property and proprietary software.
Additionally, Generation Next reportedly acquires a contract with a Canadian licensee with a commitment to purchase $7 million worth of Print Mates Kiosks over a five-year term as part of the deal. The liabilities assumed by Generation Next net of kiosk inventory value are approximately $300,000, according to officials.
Generation Next said Print Mates location partners will be supported by a marketing program that leverages Google Business to drive consumers in real time directly to their machines. If a potential customer types "photo printing" in to the Google search engine, it will point them to the closest Print Mates retailer. The strategy will be paired with a national regional marketing program to create awareness of the Print Mates brand.