Galaxy Next Generation Granted Approved Vendor Status by St. Johns County Schools in Florida

Rhea-AI Summary

Galaxy Next Generation has secured approved vendor status from St. Johns County Schools in Florida, allowing its audio-visual and interactive products to be cataloged and available for other school districts. Covering 608 square miles, this district has 47 schools and serves 44,275 students. CEO Gary LeCroy expressed optimism about increased revenue from this partnership. While CDC guidelines have lessened the necessity for certain products like desk shields, Galaxy anticipates a rise in orders for its core offerings as schools reopen and adapt to new mandates.

Positive

• Approved vendor status from St. Johns County Schools expands market access to all Florida school districts.
• Potential for significant revenue increase due to expanded product availability.
• Galaxy's adaptability demonstrated by minimal reliance on Cov-Shields, comprising only 5% of total revenue.
• Expectation of increased orders for core products as schools reopen.

Negative

• None.

Extends Availability for its All Audio-Visual and Interactive Products to All School Districts in the State of Florida

TOCCOA, GA / ACCESSWIRE / March 23, 2021 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce it has been awarded approved vendor status from St. Johns County Schools in Florida.

This approved vendor status enables all Galaxy audio-visual and interactive products to be in catalog and available for "piggy-back" rights to all other school districts to use this as a purchasing vehicle.

St. Johns County Schools covers 608 square miles in northeast Florida, and encompasses 47 schools, 44,275 students and 5,300 employees. For additional information, please visit:

https://www.stjohns.k12.fl.us.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "We are thrilled to have been selected by St. Johns County Schools, as we expect this to lead to significant additional revenue. St. Johns is a large public school district and our addition to their vendor catalog makes our audio-visual and interactive products available to other school districts in Florida as well."

LeCroy, continued, "While the recent CDC guidelines have changed and desk shields are no longer mandatory to open schools, we are pleased that schools have been given the rights to reopen. We are pleased to have been able to and continue to provide such a safety and protection product for our customers during such a difficult time. Cov-Shields only composed of approximately 5% of total revenue over the past twelve months, it demonstrates our willingness and ability to adapt to meet the needs of our clients. Our technology business continues to thrive and with the back to school measures in place we will see a pick up in orders of our core products based on these new mandates as we continue to focus on long-term growth."

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/636904/Galaxy-Next-Generation-Granted-Approved-Vendor-Status-by-St-Johns-County-Schools-in-Florida

FAQ

What does the approved vendor status mean for Galaxy Next Generation (GAXY)?

The approved vendor status allows Galaxy's products to be sold to all school districts in Florida through St. Johns County Schools' purchasing catalog.

How many students are served by St. Johns County Schools?

St. Johns County Schools serves approximately 44,275 students across 47 schools.

What percentage of Galaxy's revenue did Cov-Shields account for?

Cov-Shields accounted for approximately 5% of Galaxy's total revenue over the past twelve months.

What future expectations does Galaxy have following the vendor approval?

Galaxy expects this partnership to lead to significant additional revenue and an increase in orders for its core products as schools adapt to new mandates.