From its initial founding in 1946 as a brick-and-mortar bookstore in Houston, Texas, ProBility Media Corp. (OTCQB: PBYA) has taken off, migrating its services online to the cloud. As a result, its revenues have moved up, too. The company’s latest filing reports that net sales for the quarter ended January 31, 2017, rose year-over-year by 24 percent. Now the EdTEch company, aiming to become one of the largest providers of skilled trades education and training in the United States, has begun to explore international expansion to the countries that have adopted U.S.-based codes and training. ProBility Media Corp. continues its strategy to build the first full service training and career advancement brand for the skilled trades.
The company’s latest quarterly (10-Q) filing, for the quarter to January 31, 2017, shows management has been aggressive. Apart from achieving record quarterly sales that crossed the million-dollar mark for the first time, they have been actively engaging in the art of the deal by completing two acquisitions, including the acquisition of One Exam Prep LLC, which offers low-cost yet effective exam prep courses in the construction industry. One Exam Prep, based in Coconut Creek, Florida, owns more than 70 domains related to contractor licensing and continuing education and has created hundreds of courses offered either online or in traditional classroom settings in more than 20 states.
ProBility also signed off on its acquisition of Premier Purchasing and Marketing Alliance LLC. Premier, doing business as National Electrical Wholesale Providers (NEWP), services electrical wholesalers throughout the United States with study materials for electricians, including the National Electrical Code. The company provides a complete line of printed reference materials in addition to e-books, downloadable digital formatting and mobile applications to all distributors. NEWP also provides HVAC, plumbing, industrial and residential trade reference materials with online training for product education, certification and current code practices.
NEWP has significant corporate accounts with electrical wholesale conglomerates, making it one of the largest wholesalers of National Electrical Codes in the United States. It services several multibillion-dollar companies such as Consolidated Electrical Distributors and Home Depot, reaching thousands of accounts in locations throughout the United States.
ProBility also signed an exclusive publishing and distribution deal with All Purpose Crane Training (AP), which provides nationwide crane-rigging training and certification that meets OSHA-ANSI requirements. OSHA is the Occupational Safety and Health Administration; ANSI is the American National Standards Institute.
The courses, customized to meet the specific needs of customers, can be taken either at the customer’s site or at AP’s training centers around the country. They include aerial lift operator training, forklift operator certification, crane rigging instructor courses, mobile crane operator certification, crane operator training, overhead crane training, and rigging and signal-person qualification training.
In addition to these major deals, ProBility has entered into two new publishing contracts. The first is with Ralph Dewey, author of the most widely-distributed instrumentation texts in the industry. Titles include The Purdy’s Instrument Handbook, The Purdy’s Instrument Handbook #2, and Dewey’s Troubleshooting Handbook, all of them staples for professionals who operate in instrumentation or related fields. ProBility will also be the exclusive distributor and publisher of the new release of The Purdy’s Instrument Pocket Guide, to be released soon. This guide will include all the highlights from the three handbooks in a pocket-sized edition.
The company’s second contract is with Pat Ginther for his bestselling book, The Sheet Metal Pocket Guide, created for engineers who design in sheet metal and who are looking for the latest techniques and best practices.
ProBility has signaled its rise to the top with an uplisting to the QB Tier of the OTC Markets. To qualify for the listing, a company must demonstrate that it is current in its reporting requirements to the Securities and Exchange Commission and commits to undergo an annual management certification process to verify officers, directors, controlling shareholders and shares outstanding.
ProBility Media Corp. may have taken off, but it hasn’t left transparency behind.
For more information, visit the company’s website at www.ProBilityMedia.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
No comments:
Post a Comment