PCS Announces 63% Increase in Q3 Revenues Over FY2012 Q3
January 07 2013 - 8:00AM
Marketwired
PCS Edventures!.com, Inc., (OTCQB: PCSV) a leading provider of K-16
programs focused on Science, Technology, Engineering and
Mathematics (STEM), today announced its preliminary Q3 revenues of
$601,748.
The Company reported pre-audit revenues for the quarter ended
December 31, 2012 with revenue of $601,748, up 63% from the same
quarter last year with revenues of $368,743.
The source of revenues was primarily robotics related sales into
the afterschool market. Educational robotics kit sales worldwide
are projected to exceed $1.6B in 2014, and PCS Edventures is
actively pursuing this market. The establishment of these robotics
products into organizations across the United States continues to
expand the PCS footprint in the US educational robotics market. In
addition, revenues from the new Learning Center pilot program
launched this fiscal year increased from $8,522 in Q2 to $22,702 in
Q3, a 188% increase due in part to the retail response to holiday
sales. The Company is actively exploring retail strategies to
offset the dip in institutional revenues traditionally seen in
Q3.
Robert Grover, PCS CEO, said, "We decided to release these
preliminary revenue numbers to notify shareholders that we are
continuing to make improvements on a quarterly basis, and are
working very hard to continue this trend. Our continued success
with educational robotics is thrilling, and our business plan
continues to evolve as we gather data and metrics on our other
initiatives. We plan to grow a number of very stable and dependable
revenue streams to maximize shareholder value."
Krystal Wright, PCS Controller, cautioned shareholders and
investors by saying "I wish to emphasize that these revenue figures
are pre-audit and do not represent management's review or closing
adjustments and are preliminary only. We are unable to release any
information on earnings or other details until our audit is
complete."
To learn more about PCS's new and continuing initiatives, visit
the PCS Investor News website. http://pcsedu.com/news
About PCS Edventures!
PCS Edventures!.com, Inc. (PCS) designs and delivers educational
products and services to the K-16 market that develop 21st century
skills. PCS programs emphasize hands-on experiences in Science,
Technology, Engineering and Math (STEM) and have been deployed at
over 7,000 sites in all 50 United States and 17 foreign countries.
Additional information on our STEM products is available at
http://www.edventures.com.
PCS Edventures is headquartered in Boise, Idaho, and its common
stock is listed on the OTC Bulletin Board under the symbol
"PCSV."
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 Act of 1934, actual results could
differ materially from such statements.
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