Galaxy Next Generation Successfully Expands G2 Link Classroom Audio Solution to Louisiana and Virginia

Rhea-AI Summary

Galaxy Next Generation, Inc. (OTCQB:GAXY) announced new orders totaling approximately $100,000 from two new partners in Louisiana and Virginia. CEO Gary LeCroy noted that these successful installations mark progress in resolving supply chain issues and reflect a strategic shift towards partner-focused sales. The orders, received and shipped in March, have contributed to recognized revenue. Galaxy specializes in interactive learning technology solutions, with a strong focus on the K-12 education market, which accounts for nearly 90% of its sales.

Positive

• Secured new orders totaling approximately $100,000.
• Successful installations in new school districts in Louisiana and Virginia.
• Strategic shift to partner-focused sales model shows early positive results.

Negative

• None.

New Orders from New Partners into New Customers

TOCCOA, GA / ACCESSWIRE / March 8, 2023 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions and school communication platforms, is pleased to announce the successful completion of two new orders from two new premiere partners into two new school districts in Louisiana and Virginia.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "These orders combine to approximately $100,000 in revenue to us and are a testament to our supply chain issues starting to resolve. We now have successful installs in the state of Louisiana and the state of Virginia with G2 Link. Both of these orders came from new resellers and are a testament to our transition away from directs sales and more partner focused is already paying off. Both of these orders were received in the month of March and have already shipped and the revenue has been able to be booked."

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.

View source version on accesswire.com:
https://www.accesswire.com/742544/Galaxy-Next-Generation-Successfully-Expands-G2-Link-Classroom-Audio-Solution-to-Louisiana-and-Virginia

FAQ

What is the current revenue from the new orders at Galaxy Next Generation?

The new orders from Galaxy Next Generation amount to approximately $100,000.

In which states did Galaxy Next Generation secure new orders?

Galaxy Next Generation secured new orders in Louisiana and Virginia.

What market does Galaxy Next Generation primarily serve?

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

When were the new orders at Galaxy Next Generation received?

The new orders were received in March 2023.

What is the stock symbol for Galaxy Next Generation?

The stock symbol for Galaxy Next Generation is GAXY.

What type of products does Galaxy Next Generation provide?

Galaxy Next Generation provides interactive learning technology solutions and school communication platforms.