Since its March acquisition of One Exam Prep LLC, ProBility Media Corp. (OTCQB: PBYA) has been positioned to become one of the leading resources for training, testing, certification, and continuing education in the construction industry. The company is expanding into industries beyond the electrical contractors, fabricators, pipe fitters, plumbing contractors, and engineering firms that it currently serves. Thanks to the acquisition of Florida-based One Exam Prep, it can offer online continuing education and certification in over 20 states. The present goal is to expand these offerings to all 50 states.
ProBility also offers virtual reality training. This state-of-the-art training system is currently designed for customers looking to work in the crane business. It is also being expanded, so virtual reality training will soon be available for several different industries. In addition, the company now has access to One Exam Prep’s over 70 contractor licensing and continuing education domains, and hundreds of online and classroom-based courses.
The multi-year consulting agreement, with One Exam’s founder Rob Estell, runs until the end of the year 2020, and includes a salary and annual performance bonus based on the acquisition’s profits and revenues. Also, the agreement includes a non-recourse secured convertible promissory note. This has a cash value of $300,000. For Q1, ended January 31, 2017, ProBility Media itself reported revenue exceeding $1 million, a year-over-year increase of 24 percent.
In 1946, what is now ProBility Media Corp. began as a small bookstore in Houston, Texas. Today, it offers much of its skills training and education via the cloud. The One Exam Prep acquisition comes after the acquisition of Premier Purchasing and Marketing Alliance LLC (operating as National Electric Wholesale Providers (NEWP), which provides study materials to electricians, covering materials such as the National Electric Code in the United States. Serving numerous multi-billion dollar companies, NEWP is one of the largest National Electrical Codes wholesalers in the country. It supplies distributors with e-books, mobile applications, and downloadable digital files as well, further demonstrating ProBility’s commitment to the digital realm.
ProBility also provides crane-rigging training/certification in compliance with OSHA-ANSI requirements as part of a publishing and distribution deal with All Purpose Crane Training. The One Exam Prep acquisition, however, is taking things to a new level, as enterprises of any size can take advantage of traditional and online classes from the high school level to career placement. Presently, the ProBility training resources cover 15 major categories and education, career advancement, and testing opportunities in over 60 skilled, in-demand trades.
The company also expects its technology-driven construction training and education services to eventually be offered internationally. For now, its services are reinforcing continuous workplace learning and allowing workers all over the country to begin and advance their careers. ProBility’s unprecedented growth is showing in other ways, too. Recently, OTC Markets uplisted the company to the QB Tier, which requires annual certification and consistent reporting with the Securities and Exchange Commission. Its string of successful acquisitions, including One Exam Prep LLC, proves that the company is quickly becoming a leader in construction industry education, training, and certification in many high-demand fields.
For more information, visit the company’s website at www.ProBilityMedia.com
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