NetworkNewsBreaks – ProBility Media Corp. (PBYA) Enters Binding Letter of Intent to Purchase Cranbury International

Education technology company ProBility Media Corp. (OTCQB: PBYA) this morning announced that it has signed a binding letter of intent to purchase Cranbury International, an exporter of educational and reference materials located in Montpelier, Vermont. The acquisition is expected to close within 30 days and will significantly expand ProBility’s reach in markets throughout South and Central America, as well as the Caribbean. Cranbury, which markets and represents roughly 40 major publishers, currently sells educational materials to government institutions and private sector markets in Brazil, Mexico, Columbia, Trinidad and other international regions. “The purchase of Cranbury complements ProBility’s international strategy of offering educational and training materials dedicated to the skilled trades and further expands our international footprint,” Evan Levine, chairman and chief executive officer of ProBility, stated in the news release. “Cranbury’s trailing twelve month revenue of approximately $1.5 million is a meaningful addition to ProBility’s revenue base as well and we anticipate synergistic growth in the coming twelve months.”

To view the full press release, visit http://nnw.fm/0gWHm

About ProBility Media Corp.

ProBility Media Corp. is an EdTech company building the first full-service training and career advancement brand for the skilled trades. Through its divisions Brown Technical Media Corp., Brown Technical Publications Inc., Brown Book Shop, Inc., National Electrical Wholesale Providers, One Exam Prep, LLC, and its partnership with Globalsim Inc., ProBility is executing a disruptive strategy of defragmenting the skilled trades training market place by offering high quality training courses and materials and preparing the workforce for excellence. ProBility services customers from the tradesman to the small business to the enterprise level corporation. For more information, visit http://www.ProBilityMedia.com

About NetworkNewsBreaks

NetworkNewsBreaks (NNB) provide a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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