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Upstryve Inc. (PBYA), formerly ProBility Media Corp, reported a strong first quarter ending August 31, 2021. The company achieved revenues of $2,094,273, a 13.43% increase year-over-year. Adjusted EBITDA reached $197,890, a significant improvement from ($134,665) in the previous year. Total liabilities decreased by $1,343,412 or 24.19%. New partnerships and customer contracts with major corporations like Tesla and Ford highlight growth potential. However, a continued focus on debt reduction remains critical.
Upstryve Inc, formerly known as ProBility Media Corp (OTCPK: PBYA), has completed its name change with the State of Nevada and plans to request a symbol change from FINRA. The rebranding aligns with the company's focus on vocational and skilled trades education, operating under brands such as Upstryve, One Exam Prep, NACB, and Disco Learning Media. The company expects to announce its First Quarter financial results for the period ending August 31, 2021, by October 15, 2021, signaling ongoing operational commitment.
ProBility Media Corp. (OTCPK: PBYA) announced that it achieved pink current status with OTC Markets, marking a significant milestone in its journey to enhance transparency and compliance. The company plans to release its Q1 financial results, including those from its subsidiary Upstryve Inc., by October 15, 2021. ProBility is focused on building a leading vocational training platform, catering to a growing demand for skilled trade training as companies resume employee development initiatives after a prolonged period of inactivity due to the pandemic.
ProBility Media Corp. (PBYA) announced the settlement of debts and share issuance to Upstryve shareholders on Sept. 21, 2021. The company confirmed compliance with OTC Markets and SEC regulations. Following the August 31 acquisition of Upstryve Inc., which resulted in issuing 692.5 million shares, ProBility aims to clean its balance sheet by settling convertible debts. Key achievements include reducing corporate debt by $8.1 million and operational profits in recent years. The company plans to announce its Q1 financial results by October 15, 2021.
ProBility Media Corp. (OTCPK: PBYA) has launched a Pre-Apprenticeship Program through its subsidiary Upstryve, targeting the growing demand for skilled trades in the U.S. The program aims to prepare novice tradespeople with essential skills and knowledge before entering the workforce. Recent data indicates a 50% increase in skilled trades job postings compared to pre-pandemic levels. Upstryve connects candidates with employers, improving the hiring process and addressing the labor shortage in various industries.
ProBility Media Corp (OTCPK: PBYA) announced a partnership between its subsidiary, North American Crane Bureau Group (NACB), and CM Labs Simulations. This collaboration aims to leverage NACB's extensive client base to sell CM Labs' simulators while promoting NACB's training services. NACB has shifted its focus to safety training, discontinuing its simulator division but still receives inquiries for simulator products. Both organizations expect the partnership to enhance their reach in the skilled labor market and provide innovative training solutions globally.
ProBility Media Corp. (PBYA) has acquired Upstryve Inc., a leading online tutoring platform for vocational education, in an all-stock deal. The acquisition positions ProBility as a strong player in the growing vocational training market, addressing the significant shortage of skilled labor. Upstryve offers numerous resources, including 500 test prep courses and partnerships with Fortune 500 companies. ProBility aims to transform vocational education by providing essential resources to aspiring professionals. The transaction involves issuing 692.5 million shares of common stock to Upstryve shareholders.
North American Crane Bureau Group (NACB), a subsidiary of ProBility Media Corp (OTCPK: PBYA), has announced an extension of its relationship with Goodyear Tire & Rubber Company (NASDAQ: GT) to offer additional training programs into 2022. The training includes rigging and signaling programs to qualify Goodyear's personnel and crane training programs compliant with OSHA requirements. Additionally, NACB is initiating a new training relationship with L'Air Liquide S.A. in New Jersey. The completion of ProBility's acquisition of Upstryve Inc. is expected by August 31, 2021.
ProBility Media Corp (PBYA) has partnered with Bizfluence, Inc., enhancing its online training platform. Following the acquisition of Upstryve Inc. on August 10, 2021, ProBility aims to provide corporations with a full e-learning experience. The Bizfluence platform will introduce direct messaging and community groups, allowing greater engagement among employees. This collaboration is expected to meet customer demand for enhanced corporate communication tools. ProBility's goal is to transition customers to this new platform within months, supporting a broader reach in the skilled trades education market.
ProBility Media Corp (OTCPK: PBYA) announced its status change to penny stock exempt on OTC Markets as of August 16, 2021. To qualify, the company met specific criteria amidst a challenging financial history, including significant debt accumulation in 2018. Recent efforts to stabilize its balance sheet and achieve operational profits since 2020 have been acknowledged. The acquisition of Upstryve Inc. for vocational tutoring further positions ProBility as a legitimate entity in education. The company aims for higher exchange eligibility and continued growth in the online education sector.
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