PCS Discusses $685K Saudi Arabia STEM Contract
BOISE, Idaho – September 4, 2013 – PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 programs focused on Science, Technology, Engineering and Mathematics (STEM) will be featured on MoneyTV.net on Friday, September 13th discussing the recent $685,000 contract with T4EDU, a company that administrates contracting and projects for the Ministry of Education in Saudi Arabia.
The contract is for PCS K12 STEM outreach education programs including PCS robotics and customized solutions in the areas of health, engineering, physics, and chemistry. The project is part of the King Abdullah Education initiative, a sweeping USD$2.4B program intended to transform the education landscape of the Kingdom to prepare students for the 21st century knowledge economy.
The contract has an initial budget of $685K (2.5MM SAR) and, although much of the initial work and product delivery should be concluded by December of 2013, the contract runs through August 19th, 2014 remaining open for additional work orders, operational support, and the replenishment of consumables of an undetermined amount for the project which is ongoing. These additional operational elements are not in the startup project budget of $685K and if ordered will come from a separate operations budget.
Dr. Jim Schmidt, Saudi project lead for PCS, said “I am truly inspired by the scope of this project and the King’s vision to create an educational system that blends hands-on engagement with academic rigor. There are many projects ranging from training to curriculum design that we hope to participate in. It’s an exciting breakthrough for our consulting team.”
To learn more about PCSV, and the Saudi initiative, visit http://pcsv.global/initiatives/pcs-middle-east/
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 products is available at http://www.edventures.com.
PCS Edventures, headquartered in Boise, Idaho, is listed on the OTC Markets (OTCQB) under the symbol “PCSV.”
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.
Financial Contact: Shannon Hull 1.800.429.3110, Shannon@edventures.com
Investor Contact: Jolene Anderson 1.800.429.3110, Jolene@edventures.com
Investor Relations Web Site: pcsv.global