ProBility Media Corp. (OTCPK: PBYA) has provided a corporate update detailing its restructuring and operational strategies. From January 2016 to January 2018, the company acquired seven businesses aimed at expanding its services. Despite challenges in securing capital and COVID-19's impact on training demand, ProBility returned to profitability in 2020. The company is focused on reducing operating expenses, consolidating labor, and developing self-published training products. ProBility plans to comply with filing obligations by September 28, 2021.
ProBility Media Corp. (PBYA) aims to become compliant with filing obligations under Securities Exchange Act Rule 15c-211 by September 28, 2021. The company plans to submit its Annual Disclosure Report for 2020 and 2021, alongside any required Quarterly Disclosure Reports. Last reported in February 2019, ProBility has focused on addressing outstanding debt and operational losses by eliminating nonperforming divisions and reducing overhead. The company seeks to transition towards a cash flow positive revenue model.