Data released by the Bureau of Labor Statistics (BLS) show that the unemployment rate (http://nnw.fm/oBN8x) in February 2017 was 4.7%, around the lowest it has been since the financial crisis. The Bureau is also projecting a benign environment in the coming years for the skilled trades, but those blue-collar jobs of the future won’t be quite the same as the ones held by our fathers and uncles. To get and keep them will require training, the kind offered by Houston, Texas-based educational technology company ProBility Media Corp. (OTCQB: PBYA), which is out to develop the first full service training and career advancement brand for technical vocations and trades.
For the foreseeable future, the need for electricians, plumbers and HVAC (heating, ventilation & air-conditioning) technicians will remain, according to BLS statistics (http://nnw.fm/XvwN7), and employment in these skilled trades will continue to grow. In the decade to 2024, we will need about 29 percent more electricians than we have now. About half of this demand will be driven by population growth; the rest will result from the places left by retirees.
The job markets for plumbers and HVAC tradesmen present similar prospects. The U.S. will need about 25 percent more plumbers and around 29 percent more HVAC tradesmen than it now has.
But nobody wants a plumber that leaves a leaky pipe, which is where ProBility and its suite of educational products come in. ProBility has positioned itself as a key industrial training resource for individuals, small- and medium-size businesses and enterprise customers, offering consistent, high-quality training services and materials for education, testing, and career advancement.
ProBility is the only company building the full spectrum of career training, advancement and compliance tools for tradesmen and technical experts in a wide variety of over 60 skilled professions. ProBility is executing a disruptive strategy of defragmenting the marketplace of thousands of disparate companies by acquiring companies in the areas of expertise and organically growing revenues through synergies.
Revenues for the year ended October 31, 2016, were $3.1 million, which represented a 45-percent increase over same period revenues for 2015. Revenues for the first quarter ended January 31, 2016, were $1,088,180, which represented a 24-percent year-over-year increase.
Currently, the ProBility portfolio includes the following divisions:
- Brown Technical Media Corp. – An online web business with multiple micro websites featuring training materials and codes and standards sought by engineers, construction workers, scientists and other tradesmen in a wide variety of fields
- Brown Technical Publications – A proprietary publishing business generating copyrighted training materials for engineers, construction workers, scientists and other tradesmen in a wide variety of fields
- 1ExamPrep – E-Learning, education and exam preparation for contractors via the cheapest, fastest and most effective exam prep school in the industry instituting a 4-point proven learning system
- National Electrical Wholesale Providers – In the business of distributing wholesale industrial, commercial and residential training materials, including those relating to HVAC, plumbing and electrical
For more information, visit the company’s website at www.ProBilityMedia.com
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