Todd Hackett, CEO of PCS Edventures! Discusses Company Updates with Everett Jolly on Uptick Newswire’s “Stock Day” Podcast
PHOENIX, Ariz., Aug. 01, 2018 (GLOBE NEWSWIRE) -- PCS Edventures! (OTC:PCSV), (the “Company”) announced CEO Todd Hackett’s interview on Uptick Newswire’s “Stock Day” Podcast.
Everett Jolly reintroduced a company who was one of the very first ever interviewed for the radio show over two years ago. PCS Edventures! is an educational company for the K-12 market, focusing on STEM, science, technology, engineering and math products. “Todd, welcome back to the show! What does PCS Edventures! do?”
Basically, the Company is involved in STEM education primarily in the after-school market, as well as the school market. They have a drone STEM course called the RubiQ, which has been very successful in taking the Company to a new level.
Jolly said, “You know what I really like about your Company, Todd, is that I think it’s undervalued and I’ll tell you why I think it’s undervalued. Your market cap’s only $2.2 million. You guys did over $3 million in revenue. Tell us about the growth of your Company and how you got there and what you guys are planning on doing here in the fiscal year of 2019.”
Hackett responded that they’re seeing a lot of growth on their Discovery drone kits and also their BrickLABS– basically across the board. He thinks the numbers will speak for themselves as they release Q1 in mid-August.
Jolly asked, “Let’s talk about your main product, your RubiQ. That’s your flagship product. Is that just here in the United States or are we talking about national sales or international sales?”
Hackett stated, “No, it’ll be sold internationally, too, but primarily right now most revenues for that particular product are coming from domestic sales.” The Company has sold over $1 million since releasing the RubiQ in the last 12 months, so it’s been a real strong product. BrickLABS has also seen a tremendous increase in sales. Again, Hackett emphasized that their growth has been pretty much across the board. They’ve streamlined their products and they’re starting to get some real traction in the marketplace.
Jolly concluded by reminding listeners that the Company had a $500,000 private placement back in FY 2018. What Jolly liked about the deal was that the Company only had to give up 20% reduction over the current price. He asked what that would mean to the Company. Hackett responded that he thinks the numbers will speak for themselves and that the Company is poised to turn the corner due to good traction.
“Well, I think you guys are doing a great job! Todd, I want to thank you for being on the show! In closing, is there anything else you’d like to illustrate for my listeners?”
Hackett replied, “Yeah, I’d just like to have them take a look at the Company and I think it’s a good turning point for the Company. I’ll be glad to come back on the show in a couple of months for an update.”
For more information about the Company’s financial details, listen to the full interview at the link below.
About PCSVPCS Edventures! delivers powerful K12 Science, Technology, Engineering, and Math (STEM) education experiences through deep expertise in robotics and a highly effective teaching methodology that prepares students for the 21st century. With over 7000 site installations in the U.S. and rapidly growing projects in India/Middle-East, PCS delivers education for the future. PCS Edventures! is positioned at the intersection of three major market trends representing a perfect storm of opportunity: (1) Mobile Learning; (2) Robotics; and (3) STEM education. The exploding market for robotics is expected to create an extraordinary opportunity to educate and train the visionaries and the workforce of the future. PCS Edventures! designs and sells gamified, cutting-edge, robotics and engineering products ranging from starter robotics kits to advanced drone systems, positioning the company for a leadership position in this exploding global market. With an extensive library of curriculum and content comprised of over a hundred educational titles in STEM subject areas including Robotics, PCS is migrating this unique content library into a scalable, mobile learning platform that will monetize PCS STEM assets through fee-based, licensed, and subscription learning models. Our objective is to build a scalable network of fee-based users around the world focusing on robotics and STEM topics.
Safe Harbor Act and Forward-Looking StatementsThis press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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