Galaxy Next Generation Awarded $0.5 Million Purchase Order for G2 Interactive Panels

Rhea-AI Summary

Galaxy Next Generation (OTCQB:GAXY) has received a follow-on purchase order from the Lamar County School District for G2 Interactive panels for an additional 130 classrooms. This order builds on prior installations from 2019 and 2020, indicating strong customer retention and potential for revenue growth. CEO Gary LeCroy emphasized their focus on expanding opportunities in the K-12 education market and nurturing existing customer relationships. Lamar County serves around 2,800 students across its schools.

Positive

• Follow-on order for G2 Interactive panels indicates strong customer retention.
• Previous contracts from 2019 and 2020 show established relationship with Lamar County School District.
• Potential for scalable revenue growth as K-12 education market is a primary focus.

Negative

• None.

Follow-On Order Demonstrates Expanding Opportunities and Partnerships with Existing Customer Base

TOCCOA, GA / ACCESSWIRE / September 22, 2022 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company"), a provider of interactive learning technology solutions, has been awarded a follow-on purchase order from Lamar County, Georgia School District for G2 Interactive panels and accessories for an additional 130 classrooms.

The purchase order follows an initial district-wide contract for G2 Interactive panels in 2019, and a second installation of panels in 2020.

"Our partnership with The Lamar County School System continues to develop, with an additional significant order for our G2 interactive panels," said Gary LeCroy, Chief Executive Officer of Galaxy. "As we focus on expanding into new opportunities and regions for the K-12 education market, we are also highly engaged with current customers to place further products and services where needed throughout their facilities. The ability to retain customers and grow relationships with these larger contracts adds substantial and scalable revenue to our growth strategy. We look forward to fulfilling this next order for Lamar County Schools and to providing simplified and integrated solutions for seamless communication and effective learning for all our customers' students."

The Lamar County School System, located in Barnesville, Georgia, comprises four traditional schools (primary, elementary, middle, and high), in addition to the Trojan Learning Center and Lamar County College & Career Academy. More than 350 employees proudly serve a diverse student population of approximately 2,800 students.

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.

Company Contact
IR@GalaxyNext.us
P: 888-859-1274

Investor Relations
Brooks Hamilton
MZ North America
+1 949-546-6326
GAXY@mzgroup.us

SOURCE: Galaxy Next Generation, Inc.

View source version on accesswire.com:
https://www.accesswire.com/716988/Galaxy-Next-Generation-Awarded-05-Million-Purchase-Order-for-G2-Interactive-Panels

FAQ

What recent order did Galaxy Next Generation receive?

Galaxy Next Generation was awarded a follow-on purchase order for G2 Interactive panels for 130 classrooms from Lamar County School District.

How many classrooms are included in the latest purchase order for Galaxy Next Generation?

The latest order includes 130 classrooms in Lamar County School District.

What is the significance of the follow-on order for Galaxy Next Generation?

The follow-on order signifies strong customer retention and potential revenue growth in the K-12 education market.

What percentage of Galaxy's sales come from the K-12 education market?

Nearly 90% of Galaxy's sales are derived from the K-12 education market.