PCS Edventures Inc. Strengthens Executive Management Team
Executive team expands in the face of growing product and service demands.
Boise, ID, February 19, 2015 — PCS Edventures, Inc. (PCSV) today announced several changes to the Board of Directors and Executive Management team to strengthen operational capabilities in the face of growing product and service demand. Effective February 1, 2015 Todd Hackett, Director and the single largest shareholder of the company, will be joining the Executive Management team as Co-CEO with Robert Grover to provide support on operations, investor relations, and cash management. Robert Grover will be able to focus more time on strategic planning, product development, and business development as well as support the company’s complex International projects.
In reference to the expanded team, Robert Grover made the following statement, “On January 29, 2015 the company received 5 Work Orders against an existing International contract totaling $635,741 to be delivered by mid-March 2015. We also received a corporate partner purchase order for $179,817 on February 2nd. In addition to these significant projects to deliver, we are simultaneously advancing the successful launch of our new retail robotics product, RiQ, perfecting our EdventuresLab model, shipping our new and improved robotics and engineering products into the K12 STEM market, and expanding our sales force throughout the country. PCS has invested considerable time and resources over the past 12 months to lay the foundation for its long term business model to diversify our revenue streams and position the company for growth. We also completed a major redesign of our engineering and robotics products that we believe provides us with a significant competitive advantage over our competition. Our EBIDTA positive Q3 is proof that these efforts are working. Now, with all of our business plan initiatives accelerating it is critical that we expand resources as quickly as possible. I am delighted that Todd has stepped up to provide assistance at this time when it is critically needed, and, as a team, we are all looking forward to accomplishing some remarkable things this year.”
Additional changes include the appointment of Britt Ide to the role of Board Chair, the promotion of Russelee Horsborough, Controller, to the position of company Vice President and Treasurer, and the resignation of Andrew J. Scoggin due to other commitments. PCS greatly appreciates the contribution of Andy Scoggin and are sad that his other commitments led to his resignation. Andy continues his support and is “very committed to seeing the company grow and prosper and provide the wonderful opportunities that it is poised to provide to students who will need an every-increasing appreciation for knowledge and understanding of STEM subjects, which are critical to the United States and globally for economic growth in the coming years.”
Todd Hackett said, “Upon taking the position of Co-CEO of PCS Edventures, I have been strongly involved in the business and believe there are large opportunities in sight not only domestically, but internationally as well. Now being in the position to work through challenges with Robert Grover, I feel that we will be able to execute on these opportunities. As the largest single stakeholder in this company, this is a position I have assumed without direct monetary benefit. However, with my commitment and belief in the vision of this company, I am dedicated to assuring I add value and direction to the future of the NEW PCS.”
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, Arts, and Math (STEAM) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. Additional information on our STEAM products is available at http://www.edventures.com.
PCS Edventures is headquartered in Boise, Idaho, and its common stock is listed on the OTC Markets 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.
Investor Contact: Robert Grover 1.800.429.3110, email@example.com
Investor Relations Web Site: pcsv.global
# # #