Galaxy Next Generation Awarded Over $230,000 in Purchase Orders from Texas Schools

Rhea-AI Summary

Galaxy Next Generation (OTCQB: GAXY) has secured over $230,000 in purchase orders for G2 Interactive panels and accessories from two school districts in Texas. This increase in orders arises from previous bids and new reseller partnerships. Galaxy plans to ship these products within the current quarter, contributing to its growing revenue. Additionally, the company has appointed a new Central Regional Sales Manager in Texas to bolster its operations in the region. CEO Gary LeCroy commended the sales team's efforts towards sustained financial improvement.

Positive

• Secured over $230,000 in purchase orders from Texas schools.
• Plans to ship and recognize revenue within the current quarter.
• Increased regional presence with the hire of a Central Regional Sales Manager in Texas.

Negative

• None.

Increased Interest in Texas for its G2 Technology Solutions

TOCCOA, GA / ACCESSWIRE / March 9, 2022 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce that it was awarded and will deliver over $230,000 of G2 Interactive panels and accessories to two school districts in Texas.

The purchase orders are a result from a combination of efforts from previously awarded bids and new reseller partnerships in Texas. Galaxy expects to ship within this quarter and recognize it as part of our growing revenue.

With the increased interest in Texas, Galaxy has also recently hired a Central Regional Sales Manager based in Texas in order to serve the geography and growth more efficeintly.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "The sales team has been working in overdrive to make sure all of our financial improvements reported lately continue. They truely have become a team of purpose with drive and determination. I am proud of our recent accomplishments."

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.

Investors Contact:
IR@GalaxyNext.us
p888-859-1274

SOURCE: Galaxy Next Generation, Inc.

View source version on accesswire.com:
https://www.accesswire.com/692218/Galaxy-Next-Generation-Awarded-Over-230000-in-Purchase-Orders-from-Texas-Schools

FAQ

What recent purchase orders did Galaxy Next Generation receive?

Galaxy Next Generation received over $230,000 in purchase orders from two school districts in Texas for G2 Interactive panels and accessories.

How will the purchase orders impact GAXY's revenue?

Galaxy Next Generation expects to ship the products within the current quarter, which will contribute to its growing revenue.

What strategic move did GAXY make in Texas?

Galaxy Next Generation hired a Central Regional Sales Manager to enhance its operational efficiency in Texas.

Who commented on the sales team's effort at GAXY?

CEO Gary LeCroy praised the sales team for their dedication and efforts in achieving financial improvements.