PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV) Files An 8-K Other Events
Item 8.01 Other Matters.
On February 23, 2016, PCS Edventures.com, Inc. (the Company)
issued a press release announcing an $825,000 contract with
Drones ETC. in which its Thrust-UAV business unit would develop
and produce a drone-related technology product for Drones ETC.
On December 23, 2016, the Company received a Notice of
Termination of the contract from legal counsel for Drones ETC. in
which it terminated the contract, alleging breach of contract
resulting from the Companys alleged failure to provide the
product in a timely manner and demanding the return of the
$33,000 it had paid to the Company on the execution of the
contract. The Company believes that the Notice of Termination is
without merit, and intends to seek enforcement of the contract.
In the interim, the Company also intends to engage Drones ETC. in
discussions to resolve this matter in an amicable manner.
About PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV)
PCS Edventures!.com, Inc. (PCS) specializes in experiential, hands-on, K12 education and drone technology. PCS has experience and intellectual property (IP) that includes robotics software, hardware, product designs, and K12 content, as well as turn-key lab packages that teach topics of science, technology, engineering, and math (STEM). PCS educational solutions are implemented through the development, marketing and distribution of educational products and services that target the pre-kindergarten through university (PreK-12) market and are marketed through reseller channels, direct sales efforts, and through STEM Learning Centers called Edventures! Labs. The Company’s Thrust UAV drone division is building a distribution and reseller network for the sale of its retail drone products. It serves markets, such as Afterschool, K6, Technical Education, and Parents and Home Educators. It also offers PCS BrickLab system, PCS Academy of Engineering Lab and PCS Discover STEM Lab. PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV) Recent Trading Information
PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV) closed its last trading session 00.0000 at 0.0500 with 1,000 shares trading hands.
