Continuing to See Increase in Demand and Implementations
TOCCOA, GA / ACCESSWIRE / June 25, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ('Galaxy' or the 'Company), a provider of interactive learning technology solutions, is pleased to provide the following business update on recently awarded contracts and implementations.
Gary LeCroy, Galaxy's Chief Executive Officer, commented, 'Business has continued to increase with many school districts incurring less operating expenses due to school closures and opting to re-allocate budget money toward technology. Additionally, over the past three months with the students learning from home in an online environment, we have been able to have more access to the school to implement our solutions, rather than usually waiting until summer time recess. Also of note, we are continuing to negotiate our previously announced asset purchase of Classroom Technology Solutions, Inc.'
Updates on previous recent announcements:
June 9, 2020
Completes Initial Install of Bell & Intercom System at Thompson County School District, Colorado
- Currently working on the 3rd of the 3 schools. Invoices have been sent for the first two.
June 3, 2020
Partners with Radix for Enhanced Device Management
- Great partnership so far. We have quoted several school districts already for their online learning software. This has proven to be a great partnership.
June 1, 2020
Launches its Phoenix Cloud-Based Bell and Intercom
- Already received our first purchase order from BVSD to upgrade to our Cloud-based version.
April 28, 2020
Awarded its Largest Additional Purchase Order To-Date from Newton County, Georgia
- Product is enroute from overseas and we plan to install in a couple of weeks.
April 22, 2020
Awarded Approximate $250,000 Contract from School in Miami, Florida
- Install is scheduled for the week of July 13.
April 13, 2020
Recieved $2.4 Million in Purchase Orders and Commitments Over the Past Month Since the Initial Outbreak of COVID-19 in the U.S.
- Our total purchase order number has risen to over $3 million and we are working to fulfill the orders as quickly as possible.
April 6, 2020
Awarded Approximate $350,000 Contract from Valdosta City School District in Georgia
- Plan to install in July.
March 24, 2020
Awarded Three Additional Purchase Orders Totaling $225,000 from Thompson County School District in Colorado
- These are the ones that we have already started install on.
March 16, 2020
Education Technology Solutions Enable Remote Virtual Learning, a Necessity During the Coronavirus Pandemic
- Major reason for increase in sales.
March 3, 2020
Awarded Additional Purchase Order from Newton County, Georgia
- Install scheduled for July.
February 28, 2020
Awarded Additional Purchase Order from Thompson County School District in Colorado
- Mostly installed and collected revenue.
February 27, 2020
Awarded Additional Purchase Orders from Stephens County, Georgia
- Scheduled install by the end of June.
About Galaxy Next Generation, Inc.
Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy's products include Galaxy's own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy's distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company's products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products - comprising nearly 90% of Galaxy's sales.
For additional information, please visit our website at: www.galaxynext.us
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Galaxy Next Generation, Inc.
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