ProBility Acquires One Exam Prep

ProBility Media completed the acquisition of One Exam Prep, an e-learning exam preparation company for skilled trades, for $1.2 million. The deal includes cash payments, a convertible note, and assumed debt, with the owners staying on board.

“One Exam Prep Coconut Creek, FL • E - Learning exam preparation via the cheapest, fastest and most effective exam prep school in the industry instituting our four - point learning system • Price $1.2 Million; 1.12x revenue multiple • Cash $0 at Closing, $15,000 in 3, 6, 9 and 12 Months • $300,000 2 year Conv. Note at $0.50 (600,000 Shares) • $110,000 Assumed debt • Owners are staying on board; 2 Year Earn Out • Legacy Revenue ~$1mln; Projected $5mln in 2020”

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