BOISE, Idaho, Feb. 18, 2016 /PRNewswire/ -- PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) programs, today announced the completion of an asset purchase of Thrust UAV, a company focused on the fast-growing FPV drone racing market.
The asset purchase includes R&D inventory, tools and the full rights to the Thrust UAV name, trademark rights, branding, customer lists, supply chain, and web presence. In addition, PCS acquires the IP of Thrust UAV which includes engineering designs, firmware, and drone specifications and production files.
Todd Hackett, PCS CEO, said "We have been evaluating this opportunity for a number of months and are convinced this is a great move for the company and our shareholders. This brings significant technology to PCSV STEM solutions and we believe we can establish a leading position in the drone racing market that should grow our top line revenues and profitability."
EJ Duarte, owner and founder of Thrust UAV and now Director of Thrust R&D within PCS Edventures, stated "I have worked with PCSV for over a year now as a consultant and supplier designing STEM platform drones for their curricular needs. With the rapid growth in the racing drone market I am excited to be joining the organization and to gain access to resources that will enable us to scale both sides of the business. "
For the extended version of this press release follow this link: http://pcsv.global/press-release-pcs-edventures-announces-drone-company-acquisition/
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.
Contact
Investor Contact: Robert Grover 1.800.429.3110, robert@edventures.com
Investor Relations Web Site: pcsv.global
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SOURCE PCS Edventures!.com, Inc.