TOCCOA, Ga., June 28, 2018 (GLOBE NEWSWIRE) -- Galaxy Next Generation, Inc. (OTC:FLCR) (“Galaxy”), a U.S. distributor of interactive learning technology hardware and software that create fully collaborative instructional environments, launched two new products at the International Society for Technology in Education (ISTE) conference in Chicago this week, the G2 Klik, a wireless presentation system, and the Slim series interactive flat panel display.
“Launching two new products at ISTE this week allowed us to directly reach passionate educators and leaders who are committed to expanding the horizons of education,” stated founder and CEO Gary LeCroy. “As with all our products, our latest innovations were designed for the end-user. Based on initial reception at the conference, we believe we can quickly ramp sales of G2 Klik and our Slim series as we move into prime buying season for the education sector. With the additional sales we expect Consolidated Gross Profit Margin to increase from 20%-40% currently to 35-60%, due to the new customer and product mix.”
G2 Klik is a wireless presentation platform that enables effortless HD content streaming from Windows, Mac, iOS, and Android devices to any projector or LCD screen. The innovative hardware solution includes wireless and wired network options, supports multiple users, provides built-in whiteboarding and annotation capabilities, and more.
The Company’s new Slim Series interactive flat panel displays boast 20-points of touch, slim, infrared frame with less than 3mm gap between screen and sensor, and direct connection to Google Play for easy integration with education apps.
ISTE is a nonprofit organization that works with the global education community to accelerate the use of technology to solve tough problems and inspire innovation through a worldwide network that believes in the potential technology holds to transform teaching and learning.
About Galaxy Next Generation, Inc.
Galaxy Next Generation is a U.S. distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy’s products include Galaxy’s own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy’s distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy’s sales.
Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements and are based on future expectations, plans and prospects for FLCR's business and operations and involve a number of risks and uncertainties. FLCR's forward-looking statements in this report are made as of the date hereof and FLCR disclaims any duty to supplement, update or revise such statements on a going forward basis, whether as a result of subsequent developments, change, expectations or otherwise. In connection with the "safe harbour" provision of the Private Securities Litigation Reform Act of 1995 FLCR is identifying certain forward-looking information regarding, among other things, the merger of GALAXY into GMS, which is a wholly owned subsidiary of FLCR. Actual events or results may differ materially from those contained in these forward-looking statements. Important factors that could cause further events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the ability of FLCR to successfully complete the merger, to implementation of Galaxy's business plan; uncertainties relating to the ability to realize the expected benefits of the merger; unanticipated or unfavorable regulatory matters; general economic conditions in the region and industry in which GALAXY operates, and other risk factors as discussed in FLCR' s other filings made from time to time with the United States Securities and Exchange Commission.
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