Business
ProBility Media Corp. Further Expands International Educational and Training Product Offerings with Purchase of Cranbury International
ProBility Media Corp. Further Expands International Educational and Training Product Offerings with Purchase of Cranbury International.
About this update from Probility Media Corp.
[{"type":"text","content":"\n \n \n ProBility Media Corp. Further Expands International Educational and Training Product Offerings with Purchase of Cranbury International\n \n \nProBility Media Corp. Further Expands International Educational and Training Product Offerings with Purchase of Cranbury International\n \n HOUSTON, TX--(Marketwired - Jul 24, 2017) -  ProBility Media Corp. (OTCQB: PBYA), an EdTech company building the first full-service training and career advancement brand for the skilled trades, today 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 significantly expands ProBility's educational and training product offerings in South and Central America and the Caribbean. The closing is expected within 30 days. \n Cranbury International sells educational materials to governmental institutions and private sector markets in Brazil, Mexico, Columbia, Trinidad, and other international regions. The Company markets and represents approximately 40 major publishers in international markets. \n Evan Levine, Chairman and Chief Executive Officer of ProBility, commented, \"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. In addition to improving ProBility's market presence, Cranbury's deep relationships with trade schools and universities in Latin America opens new opportunities for ProBility to offer its virtual reality and animation products to a broader audience, as will its proprietary database of thousands of content purchase decision makers under development. 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.\"\n \"Cranbury has established a history of excellence in providing customers with high quality services, and will continue to ensure the same standard of excellence in all future operations. This experience, coupled with the latest in industry knowledge, makes Cranbury unbeatable in delivering customer satisfaction and a great addition to ProBility asset portfolio,\" said Noah Davis, President and Chie...