PCSV PCS Edventures Com Inc (PK)

 

 

United States

Securities and Exchange Commission

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15[d] of the Securities Exchange Act of 1934

 

March 9, 2016

 

Date of Report

[Date of Earliest Event Reported]

 

PCS EDVENTURES!.COM, INC.

(Exact name of Registrant as specified in its Charter)

 

IDAHO		000-49990		82-0475383
(State or Other Jurisdiction		(Commission		(I.R.S. Employer
of Incorporation)		File Number)		Identification No.)

 

345 Bobwhite Court, Suite 200

Boise, Idaho 83706

(Address of Principal Executive Offices)

 

(208) 343-3110

(Registrant’s Telephone Number, including area code)

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see general instruction A.2. below):

 

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ]   Soliciting material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

FORWARD-LOOKING STATEMENTS

 

Except for historical facts, all matters discussed in the Press Release attached to this Current Report, which are forward-looking, involve a high degree of risk and uncertainty. Certain statements in this Press Release set forth management’s intentions, plans, beliefs, expectations, or predictions of the future based on current facts and analyses. When we use the words “believe”, “expect”, “anticipate”, “estimate”, “intend” or similar expressions, we intend to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated in such statements, due to a variety of factors, risks and uncertainties. Potential risks and uncertainties include, but are not limited to, competitive pressures from other companies within the Educational Industries, economic conditions in the Company’s primary markets, exchange rate fluctuation, reduced product demand, increased competition, inability to produce required capacity, unavailability of financing, government action, weather conditions and other uncertainties, including those detailed in the Company’s SEC filings. The Company assumes no duty to update forward-looking statements to reflect events or circumstances after the date of such statements.

 

Item 7.01 Regulation FD Disclosure.

 

See Item 9.01, Exhibit 99, regarding a Press Release disseminated on March 9, 2016, regarding a new Purchase Order received on March 3, 2016 by the Company.

 

The information contained in this Item 7.01 and 9.01 in Exhibit 99 is being furnished, and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under such Section 18. Furthermore, the information contained in this Item 7.01 and 9.01 in Exhibit 99 shall not be deemed to be incorporated by reference into our filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits.

 

(b) Exhibits.

 

Exhibit No.		Exhibit Description
99		Press Release dated March 9, 2016.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

PCS EDVENTURES!.COM, INC.

 

Dated: March 9, 2016		By:	/s/ Robert Grover
			Robert O. Grover
			Executive Vice President

 

 

 

PCSV Thrust announces $48K R&D pilot

 

Thrust UAV monetizing drone technology through spin-off projects

 

Boise, Idaho, March 9th— PCS Edventures! Inc., (PCSV) a leading provider of K-12 Science and Engineering (STEM) programs and leader in the design and manufacturing of precision technology for drone racing and robotics today announced a purchase order for $48,156 from a private client for an application refined by the PCSV Thrust race design team.

 

The $48K purchase order is for the design, development, deployment, and testing of a specialized wireless video application for a non-drone related industrial use. Several members of the Thrust UAV team will be working on the project with delivery and testing to be completed by March 31^st. If the pilot application is successful, additional orders for this product are expected to follow in PCSV Q1 for FY2017.

 

EJ Duarte, Director of R&D for the Thrust group, said, “This project shows how the technology envelope we push daily in our drone racing R&D has wide application beyond the race track. When meeting with our clients, it became quickly evident that our capabilities in delivering wireless video solutions for heavy industrial applications were head and shoulders above other firms they were talking with.”

 

Joe Egusquiza, Business Manager of the PCSV Thrust unit, said “The entire group is energized about our second revenue generating project announcement in less than 3 weeks from the formation of our business unit. We’re actively working on getting the Riot, our flagship racing drone, into production, completing the R&D on our recently announced project with Drones Etc., and now delivering this pilot before the end of the month.”

 

About PCS Edventures!

 

PCS Edventures!, stock symbol PCSV, is a publicly traded company on the OTC:QB that focuses on engaging K12 STEM education, FPV drone racing, and robotics technology. Thrust-UAV is a PCSV business unit that creates cutting-edge solutions for the exploding FPV drone racing market. Thrust-UAV monetizes its leading-edge technology through the production of racing drones and precision, high-performance electronic modules applicable to many industries, including STEM education.

_ _

 

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.

 

Contact

 

Press and Investor Contact: Robert Grover 1.800.429.3110, robert@edventures.com

Investor Relations Web Site: pcsv.global

 

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