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Friday, May 14, 2021

Bulls Take Charge of Galaxy Next Generation Inc (OTCMKTS: GAXY)

Galaxy Next Generation Inc (OTCMKTS: GAXY) is on an explosive rise in recent weeks surging out of the bus pennies and up the charts in penny land quickly attracting legions of shareholders that continue to bid the stock higher.

GAXY has been in beast mode as the Companies products, from interactive panels to Cov-Shield, a clear plexi-glass barrier for personalized workspace for the U.S. education and business markets gain traction. The Company just announced its most significant contract for their Cov-Shield line of products, for the U.S. education and business markets, thus far. Galaxy partnered with Hillsborough County Public Schools of Tampa, Florida for 20,000 Cov-Shield face-shields units as it gets ready to welcome back its students and teachers into a safe and protected classroom.

Galaxy Next Generation Inc (OTCMKTS: 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.

Cov-Shield, the ideal barrier to protect personalized workspace is the perfect solution for students as school reopen. Cov-Shield is available in a variety of sizes from 22-inch to 72-inch and is easy to set up, easy to move and easy to clean. Galaxy recently reported it has sold over $250,000 in Cov-Shield products in the past month, since just launching the product in late-June. The expanded customer base for Cov-Shield has come from multiple new states including Louisiana, Kentucky, Rhode Island, Colorado, Pennsylvania, Arkansas, Illinois and Florida.

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GAXY

GAXY is already doing significant sales reporting $1,837,354 in revenues for the 9 months ended March 31, 2020. Last month the Company announced an approximate $100,000 contract award to install a new Bell and Intercom system. The install is expected to be completed this summer for Stansberry Elementary school in Thompson, Colorado.

On August 18 GAXY announced its most significant contract for their Cov-Shield line of products, for the U.S. education and business markets, thus far. Galaxy partnered with Hillsborough County Public Schools of Tampa, Florida for 20,000 Cov-Shield face-shields units as it gets ready to welcome back its students and teachers into a safe and protected classroom. Hillsborough County Public Schools is a school district that runs the public school system of Hillsborough County in west central Florida and is headquartered in Tampa, Florida. It is the third largest school district in Florida and the 7th largest in the United States.

Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “This partnership with the 7th largest school district in the U.S. demonstrates the need and value-add of our Cov-Shield product and the committment of school districts such as Hillsborough in keeping their students safe and protected. We anticipate this being a huge opportunity for Galaxy as schools try to manage the social distancing requirements of the CDC for an August and September return to the school classroom. Cov-Shield is the ideal solution to allow for safe in-classroom learning.”

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Currently running up the charts GAXY is an exciting story developing in small caps; 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. GAXY is marketing Cov-Shield, a clear plexi-glass barrier for personalized workspace for the U.S. education and business markets. GAXY has also been paying off convertible notes, is fully reporting OTCQB and recently announced record revenues of $1,837,354 for the 9 months ended March 31, 2020. The Company just announced its most significant contract for their Cov-Shield line of products, for the U.S. education and business markets, thus far. Galaxy partnered with Hillsborough County Public Schools of Tampa, Florida for 20,000 Cov-Shield face-shields units as it gets ready to welcome back its students and teachers into a safe and protected classroom. Microcapdaily started reporting on GAXY at $0002 in early July. We will be updating on GAXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GAXY.

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Disclosure: we hold no position in GAXY either long or short and we have not been compensated for this article.

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