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 10, 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.

 

The information contained in this Item 7.01 and 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 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 10, 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 10, 2016	By:	/s/ Robert Grover
		Robert O. Grover
		Executive Vice President

 

 

 

 

FOR IMMEDIATE RELEASE

March 10, 2016

 

PCSV Thrust world drone prix update

 

Thrust UAV Drone Team in Dubai Crashes in Final Qualifying Round

 

Boise, Idaho, March 10th— 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 an update on the progress of the Thrust UAV drone racing team currently in Dubai competing in the World Drone Prix.

 

Although successfully completing the first day of qualifying flights in a course that saw 22 teams drop from the roster on Monday, Team Falcon crashed on Tuesday in Dubai with only two qualifying laps remaining.

 

EJ Duarte, Director of R&D for the Thrust group, said, “We are thrilled that we were able to participate in the World Drone Prix, and our pilot, Jose Vela, performed as a true professional. Unfortunately, our team-mate that was bringing our full race kit was delayed two days due to a visa technicality and Jose was forced to fly all the qualifiers in dated gear. If he’d had our new high performance Riot on hand the results might have been different. Even so, just having our team and the Riot in Dubai for this event is historic.”

 

Jose Vela, the lead pilot for the Falcons, said “The course was tough and the competition in Dubai this week is incredible! I’m excited to be here all week showing off the performance capabilities of the new Riot to all the FPV racing enthusiasts that are gathered here. The Riot is a remarkable racer, truly a thrill to fly – I look forward to another opportunity to race it in the near future.”

 

Todd Hackett, PCS Edventures! CEO said “We’re disappointed that we didn’t make it those last two laps, but our mission in Dubai this week is still on – we’re introducing what we consider to be the number one racing drone in the world to racing enthusiasts from all over. The reaction we are getting is positive and we look forward to seeing the Riot in mass production very soon.”

 

About W.O.R.D. and the World Drone Prix

 

The World Organization of Racing Drones (W.O.R.D.) is the authority created to bring together the communities of drone racers, fans and manufacturers to create a sport unlike any other. Guided by five main pillars, W.O.R.D. will govern the World Drone Prix and related drone races, set rules and regulations for the industry and worldwide events, award host cities, accredit and attest pilots and organizations and last, but not least, spread awareness on the the positive commercial drone use. World Drone Prix Dubai 2016 is the Premiere of the World Drone Prix. Hosted in its birthplace, WDP Dubai 2016 Race is essentially Race Zero, serving as the season. World Drone Prix will be hosted around the globe throughout 2016, with the final Race held in Dubai. Visit WDP on Facebook to see ongoing updates from WDP all week.

 

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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