Galaxy Next Generation Fulfilling Cov-Shield Orders of $440,000

Rhea-AI Summary

Galaxy Next Generation, Inc. (OTCQB:GAXY) announced it is fulfilling orders for its Cov-Shield plexi-glass barriers, targeting the U.S. education sector. The company expects to receive over 7,500 units for immediate delivery, which translates to approximately $240,000 in revenue from past orders. Additionally, a second shipment of Cov-Shields anticipated by October 15 is expected to generate another $200,000. The company continues to attract inquiries from existing and new customers, indicating a strong demand for its products.

Positive

• Fulfillment of Cov-Shield orders totaling approximately $240,000.
• Anticipated revenue of an additional $200,000 from upcoming shipments.
• Ongoing inquiries from existing and new customers indicating strong demand.

Negative

• None.

TOCCOA, GA / ACCESSWIRE / October 6, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce it continues to fulfill previous and existing orders for Cov-Shield, its clear plexi-glass barrier for personalized workspace for the U.S. education market.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "We expect to receive in today over 7,500 Cov-Shields for immediate delivery to satisfy approximately $240,000 in orders previously received over the past couple of months. We expect a second shipment of Cov-Shields by October 15 which will account for an additional $200,000 in revenue. We continue to receive Cov-Shield inquiries from both existing and new customers."

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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https://www.accesswire.com/609257/Galaxy-Next-Generation-Fulfilling-Cov-Shield-Orders-of-440000

FAQ

What were the recent revenue expectations for Galaxy Next Generation (GAXY)?

Galaxy Next Generation (GAXY) expects to generate approximately $240,000 from current Cov-Shield orders and an additional $200,000 from expected shipments by October 15.

What product is Galaxy Next Generation fulfilling orders for?

Galaxy Next Generation is fulfilling orders for its Cov-Shield, a clear plexi-glass barrier designed for the educational market.

When is the next shipment of Cov-Shields expected for Galaxy Next Generation (GAXY)?

The next shipment of Cov-Shields is expected by October 15.

What is the significance of Cov-Shield orders for Galaxy Next Generation (GAXY)?

The Cov-Shield orders are significant as they represent approximately $440,000 in potential revenue for the company, indicating strong demand in the education sector.