Galaxy Next Generation Receives Catalog Bid Award from Richland County School District Two of Columbia, South Carolina

Rhea-AI Summary

Galaxy Next Generation, Inc. (OTCQB:GAXY) announced a catalog bid award from Richland County School District Two in Columbia, South Carolina. This district, recognized for its rapid growth, serves over 27,000 students and operates 40 educational facilities. CEO Gary LeCroy highlighted the impact of federal stimulus funds, driving districts to enhance their technology infrastructure. Galaxy specializes in interactive learning solutions, with approximately 90% of sales in the K-12 market through 22+ U.S. resellers.

Positive

• Awarded catalog bid from Richland County School District Two, indicating demand for Galaxy's products.
• Potential for increased revenue due to federal stimulus funds allocated for school technology upgrades.

Negative

• None.

Includes All Galaxy Products

TOCCOA, GA / ACCESSWIRE / April 20, 2021 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, today announced it has been awarded a catalog bid by Richland County School District Two of Columbia, South Carolina.

Richland County School District Two is a nationally recognized school district located in suburban Columbia, South Carolina, in the northeast section of Richland County. It is one of the fastest growing districts in South Carolina, with a current student population above 27,000. It operates 40 schools and centers, two district child development programs, two alternative schools, an adult/community center and several magnet centers and programs at all grade levels.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "We are very pleased to have been selected by Richland County School District Two, as they look to upgrade their in-school learning technology products and communications platform. This is yet again another exmapled of school districts across the country having an increasing budget due to federal stimulus programs and are looking to spend a good portion of this money on improving their technology infrastructure and learning solutions."

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/641272/Galaxy-Next-Generation-Receives-Catalog-Bid-Award-from-Richland-County-School-District-Two-of-Columbia-South-Carolina

FAQ

What significant contract has Galaxy Next Generation received?

Galaxy Next Generation has received a catalog bid award from Richland County School District Two in South Carolina.

How does the federal stimulus affect Galaxy Next Generation?

The federal stimulus is enabling school districts to upgrade their technology infrastructure, potentially increasing demand for Galaxy's products.

What percentage of Galaxy's sales comes from the K-12 education market?

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

What is the stock symbol for Galaxy Next Generation?

The stock symbol for Galaxy Next Generation is GAXY.

How many students are served by Richland County School District Two?

Richland County School District Two serves over 27,000 students.