Galaxy Next Generation Inc (GAXY)

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OCCOA, GA / ACCESSWIRE / September 24, 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 targeted mid-October to close its previously announced acquisition of Classroom Technology Solutions ("CTS").

The proposed acquisition was signed as a Letter of Intent ("LOI") in late-May to acquire a designer, manufacturer, importer and integrator of audio-visual products, with headquarters in Jacksonville, Florida.

CTS received the 2020 Best of Jacksonville Award in the Audio-Visual Supplier category and has also been recognized as one of the "Fastest Growing Private Companies in Northeast Florida" as well as "Largest Technology Service Companies" and "Top Integrators" by the Jacksonville Business Journal. CTS has a robust portfolio of new products that will be released over the coming year. Many of these products will enhance the current and future Galaxy product offerings. CTS is a leader in the development of sophisticated technologies used in the education marketplace and other collaborative environments. Many of CTS's products qualify for the "Made in America" distinction while others are a combination of U.S. and offshore products.