PCS Edventures, Inc. Announces $198K Saudi Arabia Order
Idaho – July 23, 2014 – PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 programs focused on Science, Technology, Engineering and Mathematics (STEM), today announced receiving a supplemental $198K work order for STEM services in the Kingdom of Saudi Arabia.
PCS Edventures continues its participation in an umbrella nationwide STEM initiative, a Math and Science development program, in the Kingdom of Saudi Arabia. The Kingdom is developing science centers to inspire students to inspire students to embrace science and pursue interests in technical careers. The Saudi Science Centers will provide comprehensive professional development for teachers and after-school activities for students that emphasize inquiry and assessment, aligned with world-class standards for science learning.
The USD $198,210 order is for the development and delivery of STEM outreach materials supplementing the $685K contract with PCS that was announced in August of 2013.
Robert Grover, PCS CEO, said “The original contract initiated our involved in the umbrella nationwide STEM Initiative. I am pleased that, with this latest participation under this supplemental order the final revenues for that contract to date has exceeded the original projected amount of $685K by $60,000. Since that time we have announced two more awarded contracts. I see the STEM Outreach program in Saudi Arabia continuing to expand in the future and we look forward to providing ongoing support as requested. Our successful fulfillment of this contract, the $133K training contract in February, and the recent award of the new $1MM STEM contract announced last week are a positive trend in our growing Middle East business opportunity. We intend to continue to pursue opportunities under the Saudi STEM initiative and elsewhere in that region and are hopeful those efforts bear fruition.”
T4EDU is an established subsidiary of the Tatweer Holding Company (THC), a Riyadh-based government-owned company dedicated to education development in the Kingdom of Saudi Arabia and beyond.
About PCS Edventures!
PCS Edventures!.com, Inc. (PCS) designs and delivers educational products and services to the K-16 market that develop 21st century skills. PCS programs emphasize hands-on experiences in Science, Technology, Engineering and
Math (STEM) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. Additional information on our STEM products is available at http://www.edventures.com.
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.
Investor Contact: Robert Grover, CEO 1-800-429-3110
Investor Relations Website: http://pcsv.global