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ProBility Media Corp (OTCPK: PBYA) has announced the settlement of approximately $500,000 in convertible debt for restricted common stock, contributing to its balance sheet restructuring. This successful settlement aligns with its acquisition of Upstryve, aimed at enhancing growth in online vocational education. Additionally, the company has appointed several key officers: Dana Jackson as COO, Lauren Paino as CFO, Juan Garcia as CLO, Johanna Viscaino as CMO, and Ori Gross as CIO, strengthening its management team and operational strategy.
ProBility Media Corp. (PBYA) is set to acquire Upstryve Inc. in an all-stock transaction valued at 692,500,000 shares of restricted common stock. Following the acquisition, ProBility will rebrand as Upstryve, establishing itself as a pioneering online tutoring platform for vocational trades. Upstryve aims to provide comprehensive online career education, linking aspiring trade professionals with industry experts. The acquisition positions Upstryve to capture significant market opportunities in an expanding sector projected to grow from $4.81 billion in 2019 to $15.99 billion by 2027.
North American Crane Bureau Group (NACB), a subsidiary of ProBility Media Corp (OTCPK: PBYA), has launched a multi-phase contract with Dominion Energy (NYSE: D) and Westlake Petrochemical (NYSE: WLK). Starting in August, the Westlake program focuses on crane operator training, ensuring participants are prepared for NCCER certification, crucial for OSHA compliance. Additionally, the Dominion contract includes various rigging programs at their Columbia, SC facility, preparing participants for NCCER rigger certifications. NACB boasts over 400 safety programs annually and holds significant industry credentials.
North American Crane Bureau Group (NACB), a subsidiary of ProBility Media Corp (OTCPINK: PBYA), has secured a training contract with Ford Motor Co. for its Livonia, Michigan plant. The training will cover overhead crane operations and safety programs, set to take place over the coming months, as Covid-19 restrictions ease. NACB conducts over 400 safety programs annually and is federally accredited for various training certifications. This partnership marks a significant development in NACB’s service offerings in the skilled trades education sector.
ProBility Media Corp. (PBYA) announced its financial results for the fiscal year ended May 31, 2021. The company achieved an operating profit of $321,549 after a significant restructuring that reduced debt by over 56%. Despite a 16.5% revenue decline to $6,383,304, driven by COVID-19 impacts, its subsidiary One Exam Prep saw a 16.5% revenue increase due to virtual classes. Adjusted EBITDA fell to $119,807 from $579,320 in 2020. ProBility is looking to expand further into the vocational education market, aiming for strategic acquisitions to enhance operations.
154 Agency LLC has partnered with ProBility Media Corp (PBYA) to handle all digital marketing efforts for its subsidiaries, including One Exam Prep, North American Crane Bureau, and Disco Learning Media. This collaboration aims to enhance brand awareness, customer acquisition, and overall sales growth. The agreement is expected to leverage 154's expertise in social media, content marketing, and public relations. The CEO of 154 expressed confidence in driving significant value through this partnership.
Austin-based Disco Learning Media, a subsidiary of ProBility Media Corp (OTCPK: PBYA), announces its support for the CPS Energy Summer Fellowship in San Antonio, Texas. This program targets high school and college students interested in energy careers, offering access to an array of STEM resources, hands-on learning, and industry expert interactions. The initiative collaborates with various educational organizations and builds on the previously established Smart Energy Education program aimed at developing future talent for the energy sector.
Disco Learning Media, a subsidiary of ProBility Media Corp (OTCPK: PBYA), has confirmed the continuation of contracts with Itron, the State of Texas, and the University of Texas. The collaboration with Itron, which extends through 2024, involves the development of the Resourcefulness educational program aimed at enhancing energy literacy for K-12 students. Disco is also engaged in a multi-year project with Texas to expand energy education and manages contracts with the University of Texas for digital assets and curriculum development.
One Exam Prep, a subsidiary of ProBility Media Corp (OTCPK: PBYA), reports a remarkable 500% increase in online class attendance since the onset of Covid-19. Transitioning to an online-only format has enabled the company to expand its reach to over 15 states. The addition of tutoring services has proven popular, contributing to student engagement. With over 50,000 students taught across multiple specialties, One Exam aims to become the first nationwide provider of vocational test preparation. The company has published over 300 test prep books and offers more than 500 online courses.
North American Crane Bureau Group (NACB), a subsidiary of ProBility Media Corp (OTCPK: PBYA), has launched new training programs for Tesla, Marathon, and BAE Systems. These long-term onsite training initiatives focus on crane operators, inspectors, and rigging personnel, driven by rising demand for OSHA compliance following Covid-19 restrictions. NACB has added world-class trainers to meet this demand and aims to pursue large opportunities with Fortune 500 companies. The company conducts over 400 safety programs annually and offers ANSI-accredited certification programs.
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