Business
ProBility Media Corp. Enters Into Letter of Intent to Acquire Disco, an Innovator of Enhanced Learning Experiences
ProBility Media Corp. Enters Into Letter of Intent to Acquire Disco, an Innovator of Enhanced Learning Experiences.
About this update from Probility Media Corp.
[{"type":"text","content":"\n\n HOUSTON, Dec. 21, 2017 (GLOBE NEWSWIRE) -- ProBility Media Corp. (OTCQB:PBYA) based in Houston, Texas, a technology company offering immersive technologies, digital learning and compliance solutions for the education and training markets, today announced the execution of a binding letter of intent to acquire Disco Leaning Media Inc. (Disco), a learning experience company and digital publisher. The transaction is subject to the satisfaction of certain closing conditions including the execution of definitive documents.\n Founded in 2014 and based in Austin, Texas, Disco has been executing on a vision to create a fundamental shift in learning by offering interactive educational content. Disco pioneered app-based textbooks, known as “course apps,” for higher education. The team’s approach can be used in a variety of educational programs beyond the classroom, including employee training, professional development, and customer education. “We are incredibly excited to start working with the Disco team on creating immersive content for our broad customer base. Michael E. Webber, PhD, Co-Founder and Chairman of Disco, will be joining the ProBility Advisory Board. Juan Garcia and Coleman Tharpe, also Co-Founders of Disco, will be joining our management team and together bring decades of experience having previously worked with Apple, Disney, and Adobe launching innovative educational transmedia content,” stated Evan Levine, Chief Executive Officer of ProBility Media Corp. “By combining Disco’s creativity and expertise in content development and distribution with our advanced product offerings in immersive technology and simulation, we believe we will build a formidable company in the learning technology space.” “Today there are a variety of technologies available to learners, but increasing efficiency and usability in existing learning experiences remains a significant challenge,” stated Juan Garcia, President of Disco. “Combining Disco’s skills and experience with ProBility’s state of the art virtual and augmented reality technologies, we will craft unique solutions to meet the needs of learners - today and tomorrow.” Disco has developed Energy 101, the world’s first course app, which integrates the best features of an eBook with interacti...