0001493152-16-015235.txt : 20161117 0001493152-16-015235.hdr.sgml : 20161117 20161117170642 ACCESSION NUMBER: 0001493152-16-015235 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20161117 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161117 DATE AS OF CHANGE: 20161117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PCS EDVENTURES COM INC CENTRAL INDEX KEY: 0001122020 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 820475383 STATE OF INCORPORATION: ID FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49990 FILM NUMBER: 162005622 BUSINESS ADDRESS: STREET 1: 345 BOBWHITE COURT STREET 2: #200 CITY: BOISE STATE: ID ZIP: 83706 BUSINESS PHONE: 208-343-3110 MAIL ADDRESS: STREET 1: 345 BOBWHITE COURT STREET 2: #200 CITY: BOISE STATE: ID ZIP: 83706 8-K 1 form8-k.htm

 

 

 

United States Securities and Exchange Commission

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

November 17, 2016

 

Date of Report

[Date of Earliest Event Reported]

 

PCS EDVENTURES!.COM, INC.

(Exact name of Registrant as specified in its Charter)

 

IDAHO   000-49990   82-0475383
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification No.)

 

345 Bobwhite Court, Suite 200

Boise, Idaho 83706

(Address of Principal Executive Offices)

 

(208) 343-3110

(Registrant’s Telephone Number, including area code)

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see general instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ] Soliciting material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

   
 

 

FORWARD-LOOKING STATEMENTS

 

Except for historical facts, all matters discussed in the Press Release attached to this Current Report, which are forward-looking, involve a high degree of risk and uncertainty. Certain statements in this Press Release set forth management’s intentions, plans, beliefs, expectations, or predictions of the future based on current facts and analyses. When we use the words “believe”, “expect”, “anticipate”, “estimate”, “intend” or similar expressions, we intend to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated in such statements, due to a variety of factors, risks and uncertainties. Potential risks and uncertainties include, but are not limited to, competitive pressures from other companies within the Educational Industries, economic conditions in the Company’s primary markets, exchange rate fluctuation, reduced product demand, increased competition, inability to produce required capacity, unavailability of financing, government action, weather conditions and other uncertainties, including those detailed in the Company’s Securities and Exchange Commission (the “SEC”) filings. The Company assumes no duty to update forward-looking statements to reflect events or circumstances after the date of such statements.

 

Item 7.01 Regulation FD Disclosure.

 

See Item 9.01, Exhibit 99.

 

The information contained in this Item 7.01 and in Exhibit 99 is being furnished, and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under such Section 18. Furthermore, the information contained in this Item 7.01 and in Exhibit 99 shall not be deemed to be incorporated by reference into our filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits.

 

(b) Exhibits.

 

Exhibit No.   Exhibit Description
     
99   Press Release dated November 17, 2016.

 

 2 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

PCS EDVENTURES!.COM, INC.

 

Dated: November 17, 2016 By: /s/ Robert Grover
    Robert O. Grover
    Executive Vice President

 

 3 
 

 

EX-99 2 ex99.htm

 

 

 

FOR IMMEDIATE RELEASE

November 17, 2016

 

PCS Edventures! Thrust UAV Announces $1.7MM Blanket Purchase Order

 

CEO Todd Hackett Discusses ~$1.7MM Thrust UAV Purchase Order

 

Boise, Idaho, November 17th, 2016 — Thrust UAV (www.thrust-uav.com), a wholly owned subsidiary of PCS Edventures!.com (PCSV) and a leader in the drone racing market, today announced that it had received a blanket purchase order for $1.7MM with Unmanned Aerial Systems Ltd. (UAS) (www.riotpro.eu), a United Kingdom based company delivering products and services to the retail, commercial, and military markets. The agreement specifies order expectations of 5,000 RIOT 250R Pro Series race drones and accessories over the next 14 months. Each month, subject to the condition of completed sales of Riots by UAS to its retail customers of Riots covered by the blanket purchase order, UAS will give Thrust UAV a purchase order for a specific number of Riots to be delivered that month and counted against the blanket purchase order.

 

Thrust UAV views this blanket purchase order as an indication of the demand expected by UAS. These expectations were established from UAS’s market research and discussions with their channel partners. Actual sales to UAS may vary considerably from the blanket purchase order depending on the market’s acceptance of the Riot and the success of planned marketing efforts that will be conducted in unison by both companies.

 

“Thrust UAV has worked tirelessly over the past several months to produce what we feel is one of the toughest, fastest H-Frame racing drones on the market,” said Michael Smith, Managing Director for UAS. He continued, “The integrated electronics, white gel coated carbon fiber, and ease of use right out of the box makes this drone the best we have ever seen. Europe has tremendous purchasing potential, and we intend to continue to work many online and offline retail outlets to meet our sales targets outlined in our blanket purchase order.”

 

   
 

 

Joe Egusquiza, Thrust UAV’s Business Manager said, “The hobbyist market feedback we have received indicates that we have developed a one of a kind, tough-as-nails racing drone that can be built right here in the USA.”

 

Todd Hackett, CEO of PCS Edventures!.com (PCSV) said, “This announcement is highly encouraging for PCS Edventures!.com (PCSV) and its shareholders and shows that the efforts put forth over the past several months to create a commercial version of a high-performance, durable, and uniquely attractive quality product have been successful. We are enthusiastic as we continue to pursue other promising business opportunities with distributors throughout the world, and we look forward to updating our investors and business partners as negotiations are finalized. Thrust UAV expects to begin its first production run of the Riot 250R Pro within the next few days.”

 

About PCS:

 

PCS Edventures!.com, Inc. (OTCPK: PCSV) is a Boise, Idaho company that designs and delivers technology-rich products and services for the K-12 market and leads the First Person View (FPV) drone racing market through it’s wholly owned subsidiary Thrust UAV. PCS learning programs emphasize experiential learning 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. Thrust UAV products are world-class, high-performance drones and components known throughout the drone-racing world. Learn more about both companies here: http://pcsv.global

_ _

 

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, as amended, and actual results could differ materially from such statements, including the possibility that UAS will be unable to sell the race drones outlined in its blanket purchase order to its customers.

 

Contact

 

Investor Contact: Mike Bledsoe 1.800.429.3110, mikeb@edventures.com
Investor Relations Web Site: pcsv.global

 

# # #

 

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