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Galaxy Next Generation Completes 165th Interactive Flat Panel Display Installation for Carroll County School SystemTOCCOA, Ga., Sept. 18, 2018 (GLOBE NEWSWIRE) -- Galaxy Next Generation, Inc. (OTC: FLCR) (“Galaxy”), a U.S. distributor of interactive learning technology hardware and software that create fully collaborative instructional environments, is pleased to announce the completed installation of the 165th G2 SAM series interactive flat panel display for the Carroll County School Systems in Carroll County, Georgia. The multi-phased project includes outfitting each of the district’s approximately 800 classrooms with Galaxy’s G2 SAM series interactive panels. A variety of panel sizes are included in the project, which encompasses classrooms in 12 elementary schools, six middle schools, and six high schools. The project has generated approximately $565,000 in revenue to date. Additional classroom installations, nearly 75% remain, are anticipated in average orders of 5 to 10 units. Joshua Bingham, IT Technician for Carroll County School Systems, stated, “Galaxy has a great reputation and long-standing relationship with our county. The top-notch service and personal touch provided by their team gives us a great long-term value for our investment.” The SAM series G2 touch-screen panels are built with industry-leading specifications, including 20 points of interactive touch, 360-degree infra-red sensors, and a built-in Android OS, bringing state-of-the-art touch-driven interactive whiteboard collaboration to classrooms and more. “It’s been a pleasure working with Carroll County, and we look forward to outfitting the rest of the district,” commented Gary LeCroy, Fonder and CEO of Galaxy. “Our work with Carroll County is just one example of what is driving Galaxy’s growth. With more than 22 distributors nationally, and a growing portfolio of in-demand products, we expect to generate between $20 million and $22 million in revenue in the fiscal year ending June 30, 2019, up more than 200% over the prior year results, with approximately $3 million in net income. Further growth could come from potential acquisitions, such as the LOI we announced in July to acquire KLIK Communications, which alone could add $3 million in revenue for the year. Overall, we believe we are building a solid foundation for sustained shareholder value improvement.” The Company’s ticker symbol temporarily changes to FLCRD for 20 trading days beginning with the opening of trading on September 18, 2018. About Galaxy Next Generation, Inc. Galaxy Next Generation is a U.S. distributor of interactive learning technology hardware and software 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. Forward-Looking Statements Certain statements contained in this press release are forward-looking statements and are based on future expectations, plans and prospects for FLCR's business and operations and involve a number of risks and uncertainties. FLCR's forward-looking statements in this report are made as of the date hereof and FLCR disclaims any duty to supplement, update or revise such statements on a going forward basis, whether as a result of subsequent developments, change, expectations or otherwise. In connection with the "safe harbour" provision of the Private Securities Litigation Reform Act of 1995 FLCR is identifying certain forward-looking information regarding, among other things, the merger of GALAXY into GMS, which is a wholly owned subsidiary of FLCR. Actual events or results may differ materially from those contained in these forward-looking statements. Important factors that could cause further events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the ability of FLCR to successfully complete the merger, to implementation of Galaxy's business plan; uncertainties relating to the ability to realize the expected benefits of the merger; unanticipated or unfavorable regulatory matters; general economic conditions in the region and industry in which GALAXY operates, and other risk factors as discussed in FLCR' s other filings made from time to time with the United States Securities and Exchange Commission. Contact: Craig Brelsford |