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Galaxy Next Generation Inc. (GAXY)

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Last Post: 3/28/2020 8:26:12 AM - Followers: 108 - Board type: Free - Posts Today: 0

                                                GAXY is a "MICRO FLOAT" (16 million) COVID-19
                                     "Shelter-in-Place"   Home Schooling Play!

Galaxy Next Generation's Education Technology Solutions Enable Remote Virtual Learning, a Necessity During the Coronvirus Pandemic
Press Release | 03/16/2020

TOCCOA, GA / ACCESSWIRE / March 16, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, today announced that its classroom technology solutions are installed in school districts across the U.S. that are now providing remote virtual learning to students while the schools are closed due to safety precautions from the coronavirus outbreak.

Galaxy's software is cloud-based and integrated with its interactive panel solution giving students the ability to access lesson plans from anywhere via an internet connection. The software also allows for students to view live lessons during a session from their teacher.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "Our bundled educational software solution enables our school district clients to offer remote virtual learning to its students. This is especially important over the next several weeks while many schools across our nation are closed but will continue to operate remotely in providing education to its students."

Galaxy Next Generation Pays Off Convertible Notes to Avoid Potential Equity Dilution

TOCCOA, GA / ACCESSWIRE / March 17, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce that it has repaid and satisfied convertible notes that had become due and convertible into common stock at a discount to market.

Gary LeCroy, Galaxy's Chief Executive Officer, stated, "We are pleased that an existing equity holder shares our long-term strategy and vision and provided funding to the Company in order to pay off additional convertible notes. These notes recently matured and became convertible into common stock. We realized the negative effects those conversions were having on the dilution of our stock and the downward pressure on its price. Thus, we have repaid and satisfied these convertible notes in order to avoid any further potential equity dilution. We are in discussions with both existing shareholders and prospective new ones in order to raise additional equity capital to be prepared to repay and satisfy additional convertible notes as they mature so that we could prevent any further equity dilution and to let the stock trade on its own merits."

Galaxy Next Generation Closes Acquisition of Interlock Concepts

Innovative Audio Acquisition Adds Technology, Expansion to West Coast, and Revenue

TOCCOA, Ga., Sept. 05, 2019 (GLOBE NEWSWIRE) -- Galaxy Next Generation, Inc. (OTCQB: GAXY) (“Galaxy” or the “Company), a provider of interactive learning technology solutions, today announced the closing of its acquisition of Interlock Concepts, Inc., a west coast based audio company focused on creating innovative products that provide fundamental tools used for building notification systems.

The acquisition is comprised of a combination of cash and stock. Interlock Concepts generated approximately $4 million (unaudited) in revenue through the twelve month period ending June 30, 2019.

Interlock Concepts products and services allow institutions access to intercom, scheduling and notification systems they use every day with improved ease of use. It provides an open architecture solution which allows its products to be used in many existing and new environments. Intercom, PA, Bell and control solutions are easily added and integrated with its first to market open architecture design and current software model. Its products combine elements not normally found together over a common IP network, which minimizes infrastructure requirements and reduces costs by combining systems. This strategy also places it at the forefront of school safety and communication.

Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “We are pleased to close this acquisition ahead of schedule, as we previously announced our target date of end of September. We are very excited to add Interlock Concepts’ innovative audio technology to our product suite, as its something that our end customers, especially in the K-12 market segment have been demanding. Interlocks strong growth in the first half of 2019 supports our belief that their technology and positioning in the marketplace will help accelerate our growth. We look forward to working with Brad Ehlert, who successfully started Interlock Concepts and bootstrapped the company from inception. Brad has created solutions implemented in over 1,000 schools valued over $5 billion in 5 years.”

Interlock Concepts Key Products:

  • Phoenix Software Suite (Notification and building communication platform)
    Classroom Audio Product Suite (Amplifier, Lanyard Microphone, Handheld Microphone and speakers)
    Intercom Product Suite (Call Buttons, Microphones and Alert Buttons)
    IP Notification Devices (Clock and Speakers)
    Notification Software
    Speakers (Soundbar, In-ceiling and Wall)
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#7482   A 225000 contract is nothing worth in that Horsts 03/28/20 08:26:12 AM
#7481   So revenue increased 60%, not 200, or 300, Horsts 03/28/20 08:20:28 AM
#7480   Net loss for the twelve months ended June Horsts 03/28/20 08:17:18 AM
#7479   Key Financial Highlights for FY 2019 Revenue of $1.9 Horsts 03/28/20 08:14:47 AM
#7478   2019 For its fiscal year ended June 30, 2020, Horsts 03/28/20 08:12:28 AM
#7477   2018 “We look forward to reporting our continued successes Horsts 03/28/20 08:11:20 AM
#7476   I meant this for another board. But I CKBRAXTON 03/27/20 11:03:04 PM
#7475   No news since August of last year.. Really? CKBRAXTON 03/27/20 11:00:22 PM
#7474   So you didn't contact the Thompson School District. This I-Glow 03/27/20 05:55:49 PM
#7472   14.000.000 around 0.011 Uh uh uh uh ahhhhh Horsts 03/27/20 05:31:21 PM
#7471   heading to 005 The Night Stalker 03/27/20 04:39:01 PM
#7470   Last Friday = dead cat bounce This Friday Horsts 03/27/20 04:24:56 PM
#7469   Yeah maybe it’s a sell on good Horsts 03/27/20 04:04:25 PM
#7468   Retail can only fall to .0001 then no Magnum7419 03/27/20 03:57:09 PM
#7467   0.0000001 will come soon, no way out our Horsts 03/27/20 03:56:16 PM
#7466   Why not call Thompson School Super and expose Magnum7419 03/27/20 03:52:45 PM
#7465   Why report a fluff press release without any I-Glow 03/27/20 03:46:26 PM
#7464   I dont need to call any school board Magnum7419 03/27/20 03:41:09 PM
#7463   Ah, from 0.0001 to 0.00006 :) cool Horsts 03/27/20 03:39:48 PM
#7462   Once the 8k comes or next quarterly comes Magnum7419 03/27/20 03:39:25 PM
#7461   Did you verify any of the contracts - I-Glow 03/27/20 03:38:47 PM
#7460   If one understands dilution one can make alot Magnum7419 03/27/20 03:37:51 PM
#7459   Okay, and if the future seems that great, Horsts 03/27/20 03:37:25 PM
#7458   I heard the same nonsense about liberated energy I-Glow 03/27/20 03:35:13 PM
#7457   Of course not but when one totals all Magnum7419 03/27/20 03:33:17 PM
#7456   Show me a non toxic lender on the Magnum7419 03/27/20 03:29:21 PM
#7455   Must be nice being able to ignore the Horsts 03/27/20 03:29:16 PM
#7454   "Galaxy Next Generation Pays Off Convertible Notes to Magnum7419 03/27/20 03:28:17 PM
#7453   How many times have you made predictions like I-Glow 03/27/20 03:27:28 PM
#7452   PAUL looks done and now just OTCX who Walker 03/27/20 03:26:50 PM
#7451   Love to buy when they cry ! Magnum7419 03/27/20 03:24:20 PM
#7450   LOLOL! Small Cap Voice another penny stock pumping I-Glow 03/27/20 03:14:09 PM
#7449   One of my greatest rides was from .0001 Magnum7419 03/27/20 03:04:02 PM
#7448   The T-trade today will be 10.000.000 at 0.001 Horsts 03/27/20 03:03:44 PM
#7447   Nonsense company + dilution + manipulation = .000 Horsts 03/27/20 03:01:58 PM
#7446   When will this printers ink run out? This Awl416 03/27/20 02:57:14 PM
#7445   $GAXY Federal stimulus $$ combined with local school Magnum7419 03/27/20 02:48:50 PM
#7444   Yep - seems to be moving in that Walker 03/27/20 02:46:07 PM
#7443   I fully agree "NO ONE wastes their time" Magnum7419 03/27/20 02:43:10 PM
#7442   Still lots of buying and nice volume - Walker 03/27/20 02:36:58 PM
#7441   Thank you so much and I agree GAXY Magnum7419 03/27/20 02:19:35 PM
#7440   The only truth is the long term chart. Horsts 03/27/20 02:01:32 PM
#7439   "Galaxy’s distribution channel consists of 22 plus resellers Magnum7419 03/27/20 01:57:56 PM
#7438   you said you would like to see it makingitnow 03/27/20 01:56:54 PM
#7437   Can we geet a history lesson on FLCR ?https://seekingalpha.com/filing/4158916 Magnum7419 03/27/20 01:52:12 PM
#7436   Otc short report has GAXY as 2nd most Awl416 03/27/20 01:51:58 PM
#7435   If you know the history really good, you Horsts 03/27/20 01:26:44 PM
#7434   Based on the history Horsts 03/27/20 01:25:53 PM
#7433   It’s a diluting Corp. it’s never raised it’s Horsts 03/27/20 01:25:22 PM
#7432   Based on what third party DD ? Magnum7419 03/27/20 01:23:03 PM