$PBYA ProBility Media Corp. Increases Efficiency and Expands Amazon Service Relationship
By GlobeNewswire, September 14, 2018, 06:00:00 AM EDT
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HOUSTON, Sept. 14, 2018 (GLOBE NEWSWIRE) -- via NetworkWire - ProBility Media Corp. (OTCQB:PBYA), a technology company offering immersive technologies, digital learning and compliance solutions for the industrial education and training markets, today announced that it has completed the first phase of its planned expansion of its Amazon fulfillment efforts to improve economic efficiency.
During July 2018 the Company initiated and completed a thorough evaluation of the operating results of its numerous divisions and web sites and began consolidating businesses and moving order fulfillment activities to Amazon. This process was completed in August 2018. As a result, revenue from our Amazon efforts increased by $40,763, or 85%, from $48,175 in June 2018, just prior to these changes, to $88,938 in August 2018.
"ProBility has been executing a disruptive strategy of defragmenting the vocational education and training market place and has experienced consistent sequential growth over the last seven quarters. The Company reported $8,913,956 of revenue for fiscal year 2017 versus $3,089,974 for fiscal year 2016," stated Evan Levine, CEO of ProBility Media. "ProBility is committed to continue to grow our revenue streams while concurrently strengthening our bottom line and becoming a more efficient operation. These steps will enable us to use our sales and marketing expertise to accelerate revenue growth while decreasing costs. However, we do anticipate a reduction in short term revenue during the transition period. The Company will be announcing results for the second quarter 2018 in the coming weeks."
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