NetworkNewsBreaks – ProBility Media Corp. (PBYA)
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Posted On: 05/23/2017 4:57:27 PM
NetworkNewsBreaks – ProBility Media Corp. (PBYA) Enters Letter of Intent to Acquire W Marketing, Inc.
Education technology company ProBility Media Corp. (OTCQB: PBYA) this morning announced its entry into a binding letter of intent to acquire W Marketing, Inc., a profitable, revenue-generating provider of National Electrical Codes (NECs) to the electrical and construction industries. Leveraging W Marketing’s nationwide network of electrical distributors, which includes bookstores, trade/vocational schools, universities, retail chains, specialty retailers and independent hardware stores, ProBility expects this acquisition to strengthen its financial position while allowing it to become one of the nation’s largest wholesalers of National Fire Protection Association (NFPA) electrical codes. “We are pleased to announce this corporate milestone and look forward to demonstrating the short- and near-term value it creates,” Noah Davis, president and chief operating officer of ProBility, stated in the news release. “When the acquisition is complete, ProBility’s buying power will surpass any wholesaler on the market, and open the doors to thousands of electricians who could benefit from our certification courses, continuing education and code books. Additionally, we expect this acquisition of W Marketing will have a positive impact on forward-looking financials.” W Marketing recorded revenues of $2.7 million in fiscal 2017 following the release of the latest update to the NEC.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Education technology company ProBility Media Corp. (OTCQB: PBYA) this morning announced its entry into a binding letter of intent to acquire W Marketing, Inc., a profitable, revenue-generating provider of National Electrical Codes (NECs) to the electrical and construction industries. Leveraging W Marketing’s nationwide network of electrical distributors, which includes bookstores, trade/vocational schools, universities, retail chains, specialty retailers and independent hardware stores, ProBility expects this acquisition to strengthen its financial position while allowing it to become one of the nation’s largest wholesalers of National Fire Protection Association (NFPA) electrical codes. “We are pleased to announce this corporate milestone and look forward to demonstrating the short- and near-term value it creates,” Noah Davis, president and chief operating officer of ProBility, stated in the news release. “When the acquisition is complete, ProBility’s buying power will surpass any wholesaler on the market, and open the doors to thousands of electricians who could benefit from our certification courses, continuing education and code books. Additionally, we expect this acquisition of W Marketing will have a positive impact on forward-looking financials.” W Marketing recorded revenues of $2.7 million in fiscal 2017 following the release of the latest update to the NEC.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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