EX-99.1
2
pcsv090913ex99_1.htm
EX-99.1
PCS Edventures, Inc.
345 Bobwhite Ct. Suite 200
Boise, ID 83706
(800) 429-3110
http://www.edventures.com
PCS
Announces Subsidiary Sale
BOISE, Idaho - September 9,
2013 - PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 programs focused on Science, Technology, Engineering
and Mathematics (STEM) today announced the sale of its Labmentors Canadian subsidiary to JAK, Ltd., a Canadian company, for $150,000
to be through the assumption of liabilities and a long term promissory note.
Labmentors provides guided, on-line
labs for web-based information technology training and certification servicing customers such as Devry and Cengage. PCS acquired
the subsidiary in November of 2005.
Robert Grover, PCS CEO, said "We
have enjoyed the relationship with Labmentors and look forward to continuing to work closely with them on future projects that
may be mutually beneficial. We are confident that the continued narrowing of our focus on K12 STEM and PCS Robotics programs is
the optimum path for our company".
Joseph Khoury, President of Labmentors
and CEO of JAK, Ltd., said "Labmentors has big plans for refining our business model and taking our lab certification programs
to the next level. We have benefitted from the long term relationship with PCS and will look forward to pursuing joint opportunities
with them in the future should they arise".
The transaction will strengthen the
PCS balance sheet through the elimination of nearly $100,000 in liabilities as well as streamline internal operations and accounting
processes.
To learn more about PCSV visit https://www.edventures.com/investors
About PCS Edventures!
PCS Edventures!.com,
Inc. (PCS) designs and delivers educational products
and services
to the K-12 market that develop 21st century skills. PCS programs
emphasize
hands-on experiences in Science, Technology, Engineering and
Math (STEM)
and have been deployed at over 7,000 sites in all 50 United
States and
17 foreign countries. Additional information on our products is available at
http://www.edventures.com.
PCS Edventures, headquartered in Boise, Idaho, is listed
on the OTC Markets
(OTCQB) 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 Information:
Financial Contact: Shannon Hull 1.800.429.3110,
Shannon@edventures.com
Investor Contact: Jolene Anderson
1.800.429.3110, Jolene@edventures.com
Investor Relations Web Site: www.edventures.com/investors
2

EX - 99 . 1 2 pcsv090913ex99 _ 1 . htm EX - 99 . 1 PCS Edventures , Inc . 345 Bobwhite Ct . Suite 200 Boise , ID 83706 ( 800 ) 429 - 3110 http://www.edventures.com PCS Announces Subsidiary Sale BOISE , Idaho - September 9 , 2013 - PCS Edventures ! . com , Inc . , ( PCSV ) a leading provider of K - 12 programs focused on Science , Technology , Engineering and Mathematics ( STEM ) today announced the sale of its Labmentors Canadian subsidiary to JAK , Ltd . , a Canadian company , for $ 150,000 to be through the assumption of liabilities and a long term promissory note . Labmentors provides guided , on - line labs for web - based information technology training and certification servicing customers such as Devry and Cengage . PCS acquired the subsidiary in November of 2005 . Robert Grover , PCS CEO , said " We have enjoyed the relationship with Labmentors and look forward to continuing to work closely with them on future projects that may be mutually beneficial . We are confident that the continued narrowing of our focus on K12 STEM and PCS Robotics programs is the optimum path for our company " . Joseph Khoury , President of Labmentors and CEO of JAK , Ltd . , said " Labmentors has big plans for refining our business model and taking our lab certification programs to the next level . We have benefitted from the long term relationship with PCS and will look forward to pursuing joint opportunities with them in the future should they arise " . The transaction will strengthen the PCS balance sheet through the elimination of nearly $ 100,000 in liabilities as well as streamline internal operations and accounting processes . To learn more about PCSV visit https://www.edventures.com/investors About PCS Edventures ! PCS Edventures ! . com , Inc . ( PCS ) designs and delivers educational products and services to the K - 12 market that develop 21st century skills . PCS programs emphasize hands - on experiences in Science , Technology , Engineering and Math ( STEM ) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries . Additional information on our products is available at http://www.edventures.com . PCS Edventures , headquartered in Boise , Idaho , is listed on the OTC Markets ( OTCQB ) 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 Information : Financial Contact : Shannon Hull 1 . 800 . 429 . 3110 , Shannon@edventures.com Investor Contact : Jolene Anderson 1 . 800 . 429 . 3110 , Jolene@edventures.com Investor Relations Web Site : www.edventures.com/investors 2
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