On December 19 PBYA subsidiary DISCO Learning Media has entered into an agreement to help The University of Texas System launch Careers in Chemistry, a new game-based experience inside Minecraft: Education Edition aimed at showcasing chemistry-related career opportunities to high school students. University of Texas at Austin associate professor of instruction in chemistry and science entertainer Dr. Kate Biberdorf will help guide the project and oversee the career curriculum. Careers in Chemistry is designed to help high schoolers better understand the impact chemistry has in our everyday lives, and how a chemistry degree can lead to a rewarding career. Designed exclusively for Minecraft: Education Edition, students will have the chance to explore several traditional and non-traditional jobs through immersive game play.
Probility Media Corp (OTCMKTS: PBYA) is one exciting story in small caps; the Company is executing a disruptive strategy of defragmenting the vocational education and training market place and has made a number of important acquisitions over the past year which has resulted in significant sales which are up over 100% this year over last. If they could only work out a deal with debt holders and stop the dilution
Probility Media Corp bills itself as an industrial education and training technology company headquartered in Houston, Texas, offering immersive technologies, digital learning and compliance solutions for a wide variety of industrial trades. ProBility is executing a disruptive strategy of defragmenting the education and training market place by offering high quality training courses and materials utilizing mixed reality and digital animation to prepare the workforce for excellence. ProBility services customers from the individual to the small business to the enterprise level corporation.
The Company operates 20 different e-commerce websites, geared towards vocational trades and training and operates under the brand names of their subsidiaries, Brown, Brown Technical, One Exam Prep, NEWP, W Marketing, Disco, and North American Crane Bureau. Probility Media also sells compliance materials for the skilled trades, such as codes and standards, practice aids and study materials. They also sell content on millions of engineering and technical standards, codes, specifications, handbooks, reference books, journals, and other scientific and technical documents. The Company’s e-Learning division offers courses that provide 2D, 3D and virtual reality based course offerings.
One exciting division of the Company is Disco Learning Media (Disco), an online course developer and digital publisher that pioneered app-based textbooks, known as “course apps,” for higher education. Today their innovative services and products are used by clients in the academic, corporate and government markets.
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In October PBYA announced its financial results for the fiscal 2018 third quarter ended July 31, 2018: Revenue for the nine months ended July 31, 2018 totaled $10,456,581, an increase of 75% compared to $5,972,276 for the nine months ended July 31, 2017. The increase was primarily due to sales contributed by companies that were acquired during the nine-month period. Revenue for the third quarter of 2018 totaled $2,703,470, a decrease of 11% compared to revenue of $3,043,449 in the third quarter ended July 31, 2017. The decrease was due to a change in credit terms requiring payment in advance for all special orders and reduced advertising expenditures which combined to produce a negative impact on sales. The Company plans to increase advertising expenditures in the first calendar quarter 2019.
CEO Evan Levine said:
“ProBility has undertaken certain aggressive initiatives to streamline and improve the operational efficiency of the Company which we believe will offer us the opportunity to turn profitable in calendar year 2019. The Company is currently taking steps to address payables and debt. In order to reduce costs and increase margins, the Company has adjusted its business model by moving away from printed materials to higher margin training and e-learning products. We are focusing our range of products to reduce inventory and have moved our fulfillment of orders from our Houston office to Amazon. The Company is also in the process of settling certain debt obligations which would positively impact the balance sheet and income statement.”
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PGYA has been getting a lot of attention since reporting revenue for the nine months ended July 31, 2018 totaled $10,456,581, an increase of 75% compared to $5,972,276 for the nine months ended July 31, 2017. PBYA is an exciting company developing in small caps that is fully reporting OTCBB and has had 7 quarters of exponential growth and they are a revenues powerhouse There is huge demand for PBYA at current levels; if management could work something out with debt holders good things could happen here.We will be updating on PBYA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PBYA.
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Disclosure: we hold no position in PBYA either long or short and we have not been compensated for this article.