NetworkNewsBreaks – ProBility Media Corp. (PBYA)
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Posted On: 07/24/2017 6:15:09 PM
NetworkNewsBreaks – ProBility Media Corp. (PBYA) Enters Binding Letter of Intent to Purchase Cranbury International
Education technology company ProBility Media Corp. (OTCQB: PBYA) this morning announced that it has signed a binding letter of intent to purchase Cranbury International, an exporter of educational and reference materials located in Montpelier, Vermont. The acquisition is expected to close within 30 days and will significantly expand ProBility’s reach in markets throughout South and Central America, as well as the Caribbean. Cranbury, which markets and represents roughly 40 major publishers, currently sells educational materials to government institutions and private sector markets in Brazil, Mexico, Columbia, Trinidad and other international regions. “The purchase of Cranbury complements ProBility’s international strategy of offering educational and training materials dedicated to the skilled trades and further expands our international footprint,” Evan Levine, chairman and chief executive officer of ProBility, stated in the news release. “Cranbury’s trailing twelve month revenue of approximately $1.5 million is a meaningful addition to ProBility’s revenue base as well and we anticipate synergistic growth in the coming twelve months.”
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 that it has signed a binding letter of intent to purchase Cranbury International, an exporter of educational and reference materials located in Montpelier, Vermont. The acquisition is expected to close within 30 days and will significantly expand ProBility’s reach in markets throughout South and Central America, as well as the Caribbean. Cranbury, which markets and represents roughly 40 major publishers, currently sells educational materials to government institutions and private sector markets in Brazil, Mexico, Columbia, Trinidad and other international regions. “The purchase of Cranbury complements ProBility’s international strategy of offering educational and training materials dedicated to the skilled trades and further expands our international footprint,” Evan Levine, chairman and chief executive officer of ProBility, stated in the news release. “Cranbury’s trailing twelve month revenue of approximately $1.5 million is a meaningful addition to ProBility’s revenue base as well and we anticipate synergistic growth in the coming twelve months.”
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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