Galaxy Next Generation Continues Positive Momentum to End the Year and Into 2022

Rhea-AI Summary

Galaxy Next Generation (OTCQB:GAXY) announced it secured approximately $300,000 in new purchase orders this week, significantly up from $80,000 in December 2020. CEO Gary LeCroy emphasized this momentum is noteworthy given that December typically sees slower sales due to school budgets. The company aims to fulfill its open orders swiftly, despite the upcoming holiday break for schools.

Galaxy specializes in interactive learning technology solutions, primarily serving the K-12 education market, which constitutes nearly 90% of its sales.

Positive

• Secured approximately $300,000 in new purchase orders this week.
• Purchase orders increased significantly from $80,000 in December 2020.
• Demonstrated strong momentum heading into the new year despite typical seasonal slowdowns.

Negative

• None.

Awarded Approximately $300,000 in New Purchase Orders This Week

TOCCOA, GA / ACCESSWIRE / December 9, 2021 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce it received approximately $300,000 in new purchase orders since Monday.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "This continued positive momentum to end our year is significant as the $300,000 compares to $80,000 for the entire month of December of 2020. The end of the calendar year is normally the slowest time of the season because of our educational customers' budgets. We have positioned ourselves to ship out as much of our open orders as possible and are thrilled to see the new orders still rolling in considering that most schools are preparing to close for the upcoming holiday season."

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
P:888-859-1274

SOURCE: Galaxy Next Generation, Inc.

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FAQ

What recent achievement did Galaxy Next Generation (GAXY) announce?

Galaxy Next Generation announced approximately $300,000 in new purchase orders this week, significantly higher than the $80,000 reported in December 2020.

How does the recent purchase order total compare to previous figures for Galaxy (GAXY)?

The recent purchase order total of $300,000 is a substantial increase compared to $80,000 for the entire month of December 2020.

What market does Galaxy Next Generation (GAXY) primarily serve?

Galaxy Next Generation primarily serves the K-12 education market, which accounts for nearly 90% of its sales.

What does the CEO of Galaxy Next Generation (GAXY) say about the recent orders?

CEO Gary LeCroy stated that the recent orders demonstrate strong positive momentum, especially given the typical slowdown in sales during December.