Saturday, January 19, 2019 2:15:32 PM
The Company plans to increase advertising expenditures in the first calendar quarter 2019.
“ProBility has undertaken certain aggressive initiatives to streamline and improve the operational efficiency of the Company which we believe will offer us the opportunity to turn profitable in calendar year 2019,” stated Evan Levine, CEO of ProBility Media Corp. “The Company is currently taking steps to address payables and debt. In order to reduce costs and increase margins, the Company has adjusted its business model by moving away from printed materials to higher margin training and e-learning products. We are focusing our range of products to reduce inventory and have moved our fulfillment of orders from our Houston office to Amazon. The Company is also in the process of settling certain debt obligations which would positively impact the balance sheet and income statement
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