Expects Continued Growth to be Driven by Increase in Budgets and Demand in the K-12 Market
TOCCOA, GA / ACCESSWIRE / January 25, 2021 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, today provided comments on President Biden's 200-page National Strategy for the Covid-19 Response and Pandemic Preparedness published on January 21, 2021.
Schools could tap disaster relief funds from the Federal Emergency Management Agency ("FEMA") for Covid-related expenses, such as sanitation, improved ventilation, reconfigured classrooms and upgraded technology.
President Biden also called on Congress to provide at least $130 billion in dedicated funding to schools and $350 billion in state and local relief funds to help school districts close budgets gaps and provide additional resources for reopening.
Gary LeCroy, Galaxy's Chief Executive Officer, commented, "This commitment at the federal level to get schools safely reopened and the availability of funding should lead to increased opportunities for our in-classroom technology solutions and protective plexiglass Cov-Shields. We expect to benefit from increased budget commitments to support selected resources for school-based implementation of CDC's recommended Covid-19 mitigation strategies, including plexiglass shields and student desk shields."
About Galaxy Next Generation, Inc.
Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions 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.
For additional information, please visit our website at: www.galaxynext.us
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE: Galaxy Next Generation, Inc.
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