TOCCOA, Ga., June 26, 2018 (GLOBE NEWSWIRE) -- Galaxy Next Generation, Inc. (OTC:FLCR), a U.S. distributor of interactive learning technology hardware and software that create fully collaborative instructional environments, completed its reverse merger with Full Circle Registry, Inc., an SEC reporting company, on June 22, 2018.
“The is an important milestone for Galaxy,” stated founder and CEO Gary LeCroy. “After successfully completing a transformative repositioning in the interactive flat panel display market in 2017, and with the benefits of a recent capital raise and other key achievements, Galaxy is set for strong growth in 2018 and beyond. We expect to generate between $20 million to $22 million revenue in fiscal year 2019, which ends June 30, 2019, with net income of approximately $3 million.”
Galaxy's products include its own private-label interactive touch screen panel as well as numerous national and international branded peripheral and communication devices.
The Company's distribution channel consists of more than 22 resellers across the U.S. who primarily sell its product within the commercial and educational market. To date, the K-12 education market has been the largest customer base for Galaxy products, comprising nearly 90% of the Company's sales.
The education technology market surpassed $17.7 billion in sales in 2017 and is expected to grow to $40.9 billion, an 18.3% compound annual growth rate, by 2022.
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.
