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Friday, May 14, 2021

The Fascinating Rise of Cov-Shield and Galaxy Next Generation Inc (OTCMKTS: GAXY)

Galaxy Next Generation Inc (OTCMKTS: GAXY) is heating up and skyrocketing up the chartsin recent trading quickly attracting legions of shareholders and transforming into a volume leader in small caps. Microcapdaily first reproted on GAXY on July 4 when the stock was around $0.003.

GAXY is moving higher as its 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. 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. GAXY recently secured 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.

Galaxy Next Generation Inc (OTCMKTS: GAXY) is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Our products include our own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. We provide a multitude of services to our customers, including installation, training, and maintenance. GAXY is a growth through acquisition story having acquired Interlock Concepts, Inc., a west coast based audio company at the end of last year. Interlock Concepts generated approximately $4 million (unaudited) in revenue through the twelve month period ending June 30, 2019.)

Earlier this year GAXY launched 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.

Galaxy Next Generation Launches Cov-Shield for the U.S. Education ...

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GAXYLast week GAXY reported 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.

GAXY is fully reporting OTCQB and 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. GAXY has been making strides to pay off its remaining convertible notes to avoid potential equity dilution. Investors in GAXY speculate notes have converted as this point and no new notes coming until November.

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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 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 and recently reported it has sold over $250,000 in Cov-Shield products in the past month, since just launching the product in late-June. GAXY recently secured 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. 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. 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.

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