PCS Edventures!.com, Inc. Announces 26% Increase in Revenues for FY2013
April 23 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 revenues for
FY2013 of $2.9MM.
The Company reported pre-audit revenues for the fiscal year
ended March 31, 2013 with revenue of $2.9MM, up 26% from FY2012
with revenues of $2.3MM.
The source of increased revenues was primarily sales of PCS
robotics programs. Educational robotics kit sales worldwide are
projected to exceed $1.6B in 2014, and PCS 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, new revenue streams contributing to the increase
include $60K from the new Learning Center pilot program launched
last year, and an increase in International revenue with $100K in
sales coming from STEM consulting work in Saudi Arabia.
Robert Grover, PCS CEO, said, "It's been a tremendous year of
growth and change in the company, and we've succeeded in both
reducing our overhead and boosting our revenues. We have also
established a new strategic infrastructure through pilots and
relationship building that we believe will continue this pattern of
growth and improvement. We have our eye on consistent returns for
our shareholders and the entire team is in overdrive here to
accomplish just that."
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!.com, Inc.
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 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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