PCS Edventures! (OTCBB: PCSV) announced the execution of two sales and distribution agreements with MINDS-i, Inc., of Liberty Lake, Washington. MINDS-i is the maker of advanced motorized and non-motorized construction systems for the education, hobby, and retail marketplace that provide a high level of interoperability and strength for advanced building and design applications.
Michael Marzetta, President of MINDS-i and the inventor of the system, said “MINDS-i is delighted to form this alliance with PCS Edventures! We have been collaborating and exploring synergies now for nearly a year and have seen the extraordinary capabilities PCS has in the education marketplace. In our time working together, MINDS-i has been profiled and introduced to hundreds of educators in multiple states and countries as PCS gathered market feedback. We couldn’t be more pleased with our partnership.”
The recently signed agreements between PCS and MINDS-i address mutual sales and distribution points that provide MINDS-i with support and preferred access to PCS robotics technology for integration with MINDS-i systems, and provide PCS with the exclusive, worldwide educational distribution rights for MINDS-i products. In addition, PCS has the exclusive distribution rights of MINDS-i for both retail and educational markets in 15 Middle Eastern countries.
Richard Mussler-Wright, PCS Edventures! Director of Curriculum Development and manipulative expert known worldwide for expertise in LEGO, KNEX, fischertechnik, and other systems, evaluated the system over the past nine months and said, “This system is outstanding and provides the strength, versatility, and flexibility needed for advanced engineering applications. For truly sophisticated and robust design work, this system is superior to anything else on the market.” International partner Dr. Tony Pugatschew from Australia called MINDS-i a “tough, robust and innovative construction system for a new generation of robotics and engineering students” and Dr. Mohammed Yasser Refai, Managing Director of PCS Middle East, referred to it as “an extraordinary system that offers capabilities beyond anything on the market today.”
More details and pictures can be viewed online by visiting the PCS Corporate Blog at http://www.pcsedu.com/news
Empowering personal creativity and imagination is the goal of MINDS-i. The MINDS-i system of interchangeable construction elements enables users to create, modify, and re-create non-motorized and extreme motorized inventions of their own design. From simple, static structures to large-scale, high-performance race-ready vehicles and robots, the innovative MINDS-i system unleashes the creative potential in users that range from the beginner to the most experienced enthusiast. Learn more about MINDS-i at http://www.mymindsi.com.
About PCS Edventures!
PCS Edventures! is the recognized leader in the design, development and delivery of educational learning labs bundled with related technologies and programs to the K-12 market worldwide. The PCS suite of products ranges from hands-on learning labs in technology-rich topics in Science, Technology, Engineering and Math (STEM) to services rich in imagination, innovation, and creativity. PCS programs operate in over 6,000 sites in all 50 United States as well as in 17 countries Internationally. Additional information is at http://www.edventures.com.
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. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting factors that could materially affect the Company and its operations are contained in its annual report on Form 10-KSB for the year ended March 31, 2009 and Form 10-Q for the three months ended June 30, 2009 as filed with the Securities and Exchange Commission.
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