Nick Yates Explained

Nick Yates
Nationality:Australian
Known For:Vending entrepreneur, Generation NEXT Franchise Brands

Nick Yates is an Australian vending entrepreneur and businessman who is currently living and doing business in the United States.

Business history

On February 8, 2010, Yates formed a vending machine franchise called Fresh Healthy Vending in San Diego. Fresh Healthy Vending has been active in providing healthy vending products to schools, as encouraged by the Healthy, Hunger-Free Kids Act of 2010,[1] which placed a prohibition on high-calorie junk food in school vending machines.[2] In 2010 Fresh Healthy Vending became a publicly traded company trading under the stock symbol VEND. Fresh Healthy Vending was nominated by both Entrepreneur and Inc magazine.[3]

Fresh Healthy Vending failed to disclose Yates' litigation and bankruptcy history in its franchise disclosure documents. As a result, the California Department of Business Oversight revoked Fresh Healthy Vending's ability to sell franchises in California and then ordered the company to offer rescissions to franchisees in that state.[4]

Yates was the chairman of Generation NEXT Franchise Brands, a San Diego-based franchisor whose franchises include Reis & Irvy's,[5] 19 Degrees Frozen Yogurt and Generation NEXT Vending Robots Inc.[6] [7] Nick Yates' Reis & Irvy's frozen yogurt vending machines accept cryptocurrency.[8] Yates resigned from Generation Next in October 2019[9]

In September 2022 Nick Yates launched 99 Innovations a new robotic soft-serve vending kiosk company. The multi-tiered model allows established vending industry operators, food service companies, and business owners access to robotic soft-serve equipment.[10] [11] [12]

External links

Notes and References

  1. Web site: Healthy Hunger-Free Kids Act of 2010 . dead . https://web.archive.org/web/20140428032000/http://www.fns.usda.gov/cnd/Governance/Legislation/CNR_2010.htm . 28 April 2014 . 8 June 2013 . U.S. Department of Agriculture.
  2. News: February 1, 2013 . New USDA rules would remove junk food from school vending machines . CBS News . 8 June 2013.
  3. Web site: Fresh Healthy Vending International, Inc. Tops List of Vending Franchises on Entrepreneur Magazines 2015 Franchise 500 . 2022-12-28 . finance.yahoo.com . en-US.
  4. Web site: The California Corporations Commissioner v. Fresh Healthy Vendig, LLC. March 18, 2013 . The Department of Financial Protection and Innovation . https://web.archive.org/web/20200102002938/https://dbo.ca.gov/wp-content/uploads/sites/296/2012/06/HealthyVending_DR_SIS.pdf. 2 January 2020 . November 24, 2022.
  5. News: Reis & Irvy's robotic frozen yogurt machine to be released in April. Gia Liu . 2018-03-30. Digital Trends. 2018-04-03.
  6. News: Healthy Vending launched first dedicated online portal by to offer only healthy snacks and drinks . The Age . 13 June 2004.
  7. News: High-Tech Vending Machines That Serve Healthy Snacks See Rapid Growth . https://web.archive.org/web/20140225051956/http://www.nbcnews.com/id/53113520/ns/business-small_business/t/high-tech-vending-machines-serve-healthy-snacks-see-rapid-growth/ . dead . 25 February 2014 . NBC News . 26 September 2013 . Entrepreneur . 20 February 2014 . Kate Taylor.
  8. Web site: The Crypto of Frozen Yogurt: Reis and Irvy's Bold Bet . Michael Scott . March 26, 2018. Blockchain Beach. 2018-04-03.
  9. Ryan Polk Named Chairman of the Board at Generation Next . GlobeNewsWire. Generation Next Franchise Brands . October 8, 2019 . https://web.archive.org/web/20210603144743/http://www.globenewswire.com/en/news-release/2019/10/08/1926447/0/en/Ryan-Polk-Named-Chairman-of-the-Board-at-Generation-Next.html. June 3, 2021 . November 24, 2022.
  10. Web site: Bandoim . Lana . Robotic Vending Machines Want To Feed You Frozen Yogurt . 2022-12-28 . Forbes . en.
  11. Web site: 2019-05-10 . Meet 3 Innovative Tech Entrepreneurs Who Are Changing The Game - Maxim . 2022-12-28 . www.maxim.com . en-US.
  12. Web site: This Robot Can Make You a Customized Frozen Yogurt . 2022-12-28 . Cheddar . en.

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