01/05/2009 Next Generation Vending and Food Service, Inc., One of the Largest Vending and Food Services Companies in the Northeast and One of the Biggest Operators in the U.S., Delivers Innovation, "Smart" Technologies, Healthy Choices and Environmentally-friendly Offerings
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Canton, MA (January 5, 2009) - Next Generation Vending and Food Service, Inc., based in Canton, MA, today formally launches its brand and introduces its innovative, healthy, technologically "smart," and environmentally-friendly offerings. Recently, Next Generation announced significant acquisitions and became a franchisee of industry leader Canteen Vending Services, making Next Generation one of the largest vending and food services companies in the Northeast and one of the biggest operators in the U.S. Through these acquisitions, Next Generation doubled its customer base and revenue and focused its geographic footprint to have significant density in key markets in the Northeast. With approximately 900 employees and over $120 million in annual revenue, Next Generation serves clients throughout the Northeast, including Western New York, Eastern New York, Connecticut, Rhode Island, Massachusetts and Northern Pennsylvania (details below). Led by a team with extensive management, food and vending services experience, Next Generation plans to transform vending through innovation, responsiveness and state-of-the-art technology.
Chairman and Chief Executive Officer David Mac Isaac of Next Generation said, "With the recent acquisitions we announced along with becoming a Canteen franchisee, we are excited about delivering even more to our customers with our innovative, environmentally-sound, responsive and customized vending and dining solutions. Our recent strategic moves have deepened Next Generation's geographic footprint, doubled our customer base and revenue, and position us to deliver even more effectively to our target markets."
Acquisitions
Since its formation in 2007, Next Generation acquired:
- Selected assets from All Seasons Services, Inc. in October, 2007;
- Selected routes in Rochester, NY from a major foodservice operator in early 2008; and
- The assets of Integrity Management Services, a Binghamton, NY-based business, in mid-2008.
Next Generation recently announced the acquisitions of:
- The assets of Canteen's operations based in Albany, NY and Middletown, CT;
- Loose Ends Vending, Inc., a Canteen franchisee, with operations in Western, NY; and
- The assets related to the Massachusetts and Rhode Island business of A&B Vending Co., Inc., a Canteen franchisee.
Next Generation's Geographic Footprint:
Next Generation's geographic footprint is structured in four regions. Each of those regions have branch or distribution/service locations. The four regions, headquarters and branch locations for those regions are as follows:
| Region | HQ | Additional Locations |
| Western New York | Rochester, NY | Buffalo, NY (also supports Erie, PA) Bradford, PA |
| Eastern New York | Albany, NY | Binghamton, NY (also supports Elmira, Corning & Scranton/Wilkes-Barre, PA) Plattsburgh, NY Canastota, NY |
| Western New England | Hartford, CT | West Springfield, MA Southbridge, MA |
| Eastern New England | Boston, MA | Warwick, RI |
Next Generation's Products, Services & Customers:
With three business lines (full-line vending, dining and office refreshment services), Next Generation provides a spectrum of complete services to well over 7,500 client sites daily. Next Generation serves institutions, manufacturing plants and medium-to-large offices, including Fortune 500 companies, financial, educational and healthcare organizations.
- Full-line Vending: snacks, hot/cold beverages, fresh and pre-packaged food;
- Dining: small retail to large cafes; and
- Office Refreshment Service: coffee and water for clients.
Company Overview: Next Generation ... Innovation Never Tasted So Good™
Next Generation provides innovative, environmentally-friendly, healthy vending and dining options to customers. The management team is implementing sophisticated technologies, tailored merchandising programs and healthy options that not only improve the customer experience but also reduce the industry's environmental impact. As an industry innovator, Next Generation focuses on excellence in every aspect of how it does business from training employees, providing creative dining offerings, partnering with and responding to customers, and designing technological and "green" solutions to tackling industry challenges. From exploring "green" biodiesel fuel trucks to creating innovative dining cuisine to implementing targeted, creative merchandising through vending, Next Generation is determined to transform the way vending and food services operate. Through its VendWise™ solutions, Next Generation will invest in advanced, "smart" technology, and is always looking for new ideas, which will transform the way people think about vending and dining.
A. Next Generation's Advanced, "Smart" Vending Technologies: Efficiently Deliver Targeted Marketing & Merchandise
Next Generation plans to transform vending into a proactive technology, logistics, and information-based business. By implementing innovative technology through its VendWiseTM offering, Next Generation will be better able to provide customers with exactly what they want, when they want it. Next Generation's investment in "smart" machines, merchandising and analytics will help Next Generation use live data from the machines, see how much product was sold, as well as obtain census data conveying important demographics and usage information. Next Generation machines help target users' interests, lifestyles and tastes more effectively, thus making the entire distribution and sales process more efficient.
In addition, Next Generation will deliver cross-merchandising promotions, such as coupons for other desired items or activities. Next Generation's goal is to redefine the way the industry does business by taking costs out of non-value adding operations and putting it into research and innovation — with a focus on improving the end-user experience.
B. Next Generation's "Green" Vending: Good for the Consumer and Planet
Through its GreenVend™ initiative, Next Generation is committed to finding "greener" and more energy-efficient ways of doing business on multiple levels: from exploring use of bio-diesel fuels in trucks to energy-efficient LED bulbs in snack machines (40% energy consumption savings) to internet wireless technology for efficient, real-time, remote management of machines, saving on multiple expenses, including fuel and human resources. In certain opportunities, Next Generation can utilize ENERGY STAR qualifying machines — which meet strict energy guidelines set by the Environmental Protection Agency and the Department of Energy — Next Generation provides technologically and environmentally smart vending solutions. ENERGY STAR qualified new and rebuilt refrigerated beverage vending machines can save building and business owners more than 1,700 kWh/year, or $150 annually on utility bills*. Next Generation vending machines can also be equipped with energy-saving VendingMiser® technology, which helps beverage vending machines keep products cold and the machine well-lit, while reducing the machine's power consumption by 46%**. With VendingMiser® technology, Next Generation machines save energy when the machines power down or turn themselves off after a period of inactivity. Next Generation will continue to research, develop and deploy energy-saving solutions that are good for the consumer and the planet. Additionally, LED bulbs can be used in snack machines instead of fluorescent bulbs and can consume 40% less energy than standard bulbs*.
* Source: www.energystar.gov
**Source: www.usatech.com
C. Next Generation's "Vitalities": Healthier Vending & Dining Choices
Vitalities™ is a unique new program offered exclusively by Next Generation. This healthy choice initiative, which has been designed by a registered dietician, provides customers the ability to make selections based on healthy snack, beverage and fresh food alternatives, while still having the flexibility to select name brand product options. Next Generation provides on-machine information about the Vitalities program, explaining the product categories and sensible choices. Next Generation's dining VitalitiesTM program encompasses daily healthy alternative specials for diet-conscious customers. These special recipes meet the posted nutritional facts and menu information to allow the customer to decide for themselves.
D. Leadership: Next Generation's Senior Management Team: Experienced and Visionary
The senior executive team comprises: David Mac Isaac, Chairman and CEO, John Ioannou, President, and Joseph Rogan, COO and CFO. Next Generation's management has extensive experience in the vending and food services industries, as well as experience in business and technology management at world class organizations, including IBM, U.S. Office Products and Staples. The team is focused on leading the vending and food services industries in new directions on technology, innovative merchandising, healthy choices and environmental fronts. Next Generation has approximately 200 managers in the field with deep industry experience.
About Canteen Vending Services:
Canteen Vending Services is the only national vending operating company, and the largest, operating 150 branches and 18,500 client sites. It is a division of Compass Group North America, the leading foodservice management company with more than $9 billion in revenues in 2008. With 380,000 associates worldwide, its parent company, UK-based Compass Group PLC had revenues of £11 billion in the year to September 30, 2008. www.canteen.com
Contact: Sarah Hada, 704-328-1365, sarah.hada@compass-usa.com
About Next Generation Vending and Food Service, Inc.:
Next Generation Vending and Food Service, Inc. is a premier provider of innovative and enticing vending, dining and refreshments for corporate and institutional environments. Headquartered in Canton, Massachusetts, Next Generation delivers full-service vending, a wide spectrum of fresh and fulfilling dining experiences, and office coffee services for thousands of clients in the Northeast U.S. Next Generation is improving the vending and food experience by developing highly responsive solutions, implementing state-of-the-art technology, crafting and delivering ambitious and satisfying fare, and offering a refreshingly high level of customer service.
For more information about Next Generation Vending and Food Service, Inc., please visit www.nextgenerationone.com and/or contact: Jeanie Ryan at Jeanie@MicroArts.com to schedule an interview or obtain more information.
