Acquisition Expands International Reach and Increases EdTech and Virtual Reality Training Opportunities
HOUSTON, TX–(Marketwired – Aug 7, 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 closed on the purchase of Cranbury International, an exporter of educational and training to international markets, located in Montpelier, Vermont.
Cranbury International, established in 2010, sells training and 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.
“We are very excited to close on this transaction and to now access all the positive opportunities and synergies that Cranbury brings to our organization,” stated Evan Levine, Chairman and CEO of ProBility. “Not only did we acquire an established business which increases our product offerings, customer base and international footprint, but we now have a tremendous opportunity to introduce many of Cranbury’s clientele to the e-learning and virtual reality training products that ProBility is becoming known for.”
Noah Davis, President and COO of ProBility, said, “This acquisition is a major step in our geographic expansion plan. Once again we have found a great suite of products with an attractive customer base which enhances our model. ProBility will continue to provide the same standards of quality that Cranbury delivered to their clients, while simultaneously introducing virtual reality and digital animation products that we believe will be adopted more and more going forward. This acquisition is truly a marriage of traditional learning with ed-tech and is another exciting milestone for ProBility and its shareholders.”