Galaxy Next Generation Reports $500,000 in Revenue from Delivery and Installation of Previous Purchase Order for G2 Interactive Panels

Rhea-AI Summary

Galaxy Next Generation (OTCQB: GAXY) announced a revenue of approximately $500,000 from the Lamar County School System following the successful delivery and installation of G2 Interactive Panels. This order was part of a purchase initiated in September 2022. CEO Gary LeCroy emphasized the company's fruitful partnership with the school system, which has continued since 2019, reflecting strong customer retention and growth potential. Galaxy specializes in interactive learning technology solutions, with about 90% of sales in the K-12 education sector, supported by a network of 22+ resellers across the U.S.

Positive

• Secured $500,000 in revenue from the Lamar County School System.
• Long-term partnership with the Lamar County School System since 2019, indicating strong customer relationships.
• Nearly 90% of sales generated from the K-12 education market, highlighting a focused and lucrative customer base.

Negative

• None.

TOCCOA, GA / ACCESSWIRE / March 10, 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 report its receipt of approximately $500,000 in revenue from The Lamar County School System, located in Barnesville Georgia.

The revenue is from the successful delivery and istallation of a previous purchase order for G2 Interactive Panels initiated orderd in late September 2022.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "Our business partnership with The Lamar County School System dates back to 2019 and demonstrates our high quality of product and service in being able to work with them on a continual basis over the past 4 years. Our ability to retain customers and grow relationships with these larger contracts adds substantial and scalable revenue to our growth strategy."

The Lamar County School System, located in Barnesville, Georgia, comprises four traditional schools (primary, elementary, middle, and high), in addition to the Trojan Learning Center and Lamar County College & Career Academy. More than 350 employees proudly serve a diverse student population of approximately 2,800 students.

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.

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https://www.accesswire.com/743088/Galaxy-Next-Generation-Reports-500000-in-Revenue-from-Delivery-and-Installation-of-Previous-Purchase-Order-for-G2-Interactive-Panels

FAQ

What recent revenue did Galaxy Next Generation report?

Galaxy Next Generation reported approximately $500,000 in revenue from the Lamar County School System.

What is the significance of the partnership with Lamar County School System for Galaxy Next Generation?

The partnership, which dates back to 2019, demonstrates Galaxy's ability to maintain customer relationships and secure substantial revenue.

What is the primary customer base for Galaxy Next Generation's products?

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