Galaxy Next Generation Launches E-Commerce Sales Website

Rhea-AI Summary

Galaxy Next Generation (OTCQB:GAXY) has launched its direct-to-consumer e-commerce website, allowing consumers and smaller businesses to purchase select Galaxy G2 technology products. CEO Gary LeCroy stated this move broadens the company's reach beyond traditional education sales, although not all products will be available online due to integration complexities. Galaxy focuses primarily on the K-12 education market, which constitutes nearly 90% of its sales. This initiative aims to enhance customer accessibility and improve sales channels.

Positive

• Launch of direct-to-consumer e-commerce site expands market reach.
• Allows consumers to purchase Galaxy products directly, increasing sales channels.
• Strengthens customer access beyond traditional educational segments.

Negative

• Not all products are available online due to integration complexities, limiting potential sales.

Expands to Direct-to-Consumer Channel

TOCCOA, GA / ACCESSWIRE / April 27, 2022 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce the launch of its direct-to-consumer e-commerce website. Consumers and smaller businesses are now able to view and purchase select Galaxy G2 technology products at: https://g2-online.mybigcommerce.com.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "This is a big step for us in enabling the average consumer to purchase select products at MSRP straight from our website. This creates a larger bandwidth for us to reach customers outside of our traditional education sale. We are not making all of our products available through online purchase due to the complexity of quoting some of the integration of our solutions into schools. But we will be listing most of our accessory products."

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 is the significance of Galaxy Next Generation launching an e-commerce website?

The launch allows Galaxy to expand its customer base by enabling direct purchases for consumers and small businesses.

How much of Galaxy's sales come from the K-12 education market?

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

What types of products are available on Galaxy's new e-commerce site?

The site offers select Galaxy G2 technology products, primarily accessory items, but not all products due to integration complexities.

What is the stock symbol for Galaxy Next Generation?

The stock symbol for Galaxy Next Generation is GAXY.

When was Galaxy Next Generation's e-commerce site launched?

Galaxy launched its e-commerce site on April 27, 2022.