Galaxy Next Generation Inc (OTCMKTS: GAXY) is exploding up the charts and heating up again after a brief shakedown. The stock has emerged as among the most exciting and top most traded stocks in small caps as its Cov-Shield line of products; a barrier that protects and creates a personalized workspace.
Galaxy Cov-Shield line of products are catching on and making waves in the industry and continue to sell at a rapid rate as school districts open up. The Company initially announced it sold over $250,000 in Cov-Shield products in its first month on the market. Since than Galaxy has announced at least $1.2 million in installations and purchase orders of its red hot Cov-Shield line of products. GAXY management has been working hard behind the scenes recently paying down convertible notes to avoid dilution.
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. Galaxy Cov-Shield is 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. Sales have been swift and growing exponentially. 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 has been busy in recent weeks; the Company completed successful installations of interactive panels at Newtown County Schools in Georgia and a school in south Florida. The interactive panels were installed under purchase orders from April 2020 of approximately $550,000 from Newton County Schools, Georgia and a school in south Florida. The Newtown County public school district includes 20,000 students and 13 elementary schools, 5 middle schools and 3 high schools for the communities of Covington, Mansfield, Newborn, Oxford, Porterdale and Social Circle. The south Flordia school deployed interactive touch panels campuswide. This build on the previously announced 20,000 Cov-Shield face-shields units ordered by County Public Schools of Tampa, Florida.
Galaxy reported its Interlock Concepts subsidiary completed installations of its Phoenix Bell and Intercom systems at six additional schools in Colorado. These successful installations fulfilled obligations from contracts that were previously awarded in the spring. The Interlock Concepts team installed the classroom clocks and intercom call switches, working with the schools over the past month, to ensure the newly installed endpoints were communicating with the Phoenix Bell & Intercom system. Last week the Company was awarded a new $172,000 contract from Thompson County School District in Colorado. The new contract is for a new construction project of a Pre-K-8th grade school in the district. This additional school extends the existing contract between the school district and Galaxy to upgrade the older/current school projects. Galaxy will provide and install the paging, intercom, and clock system throughout the new school.
On September 8 Galaxy received a committment for up to $600,000 in Cov-Shield products from a school district in southern Texas. The city is a top ten most populous city in Texas. The school district encompasses 31 schools for its more than 1,400 teachers and over 23,000 students. The committment is for up to 35,000 Cov-Shield units as it gets ready to welcome back its teachers and students into a safe and protected classroom.
Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “We are very excited to work with this large school district in southern Texas in sharing a vision and strategy for teachers and students to be back in the classroom in a safe and protected environment. Their trust in our products supports the value-add our Cov-Shield solutions provide as schools try to manage the social distancing requirements of the CDC for a September return to the school classroom.”
$GAXY 🔥NEWS OUT🔥9/8/2020
Galaxy Next Generation Receives Committment for Up to $600,000 in Cov-Shield Products from School District in Southern Texas to Provide Protective Equipment for SchoolsPress Release | https://t.co/SfbiHaKEjL
— Antonio_The_Builder (@tha_builder) September 8, 2020
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Currently running northbound in a hurry GAXY is among the most exciting stoires 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 and they are selling fast. GAXY is marketing Cov-Shield, a clear plexi-glass barrier for personalized workspace for the U.S. education and business markets that sold over $250,000 in Cov-Shield products in its first month on the market. Since than Galaxy has announced at least $1.2 million in installations and purchase orders of its red hot Cov-Shield line of products. GAXY has 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. Microcapdaily started reporting on GAXY at $0.003 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.