SOURCE: PCS Edventures!.com, Inc.

December 16, 2008 14:16 ET

PCS Edventures! Announces Commencement of Initial Phase of Project in Saudi Arabia

BOISE, ID--(Marketwire - December 16, 2008) - PCS Edventures! (OTCBB: PCSV), which designs, develops and markets educational learning labs and related products and services to customers throughout the world, today announced that PCS Middle East has received a purchase order to supply robotics and technology kits for the initial 50 schools in accordance with the $3.3 billion (US), six-year King Abdullah Education Initiative in the Kingdom of Saudi Arabia. A professional development program around these kits that includes University credit will commence for teachers from these sites on December 21st, 2008, with additional training programs scheduled for follow up in January of 2009.

"We are very pleased to have PCS Middle East receive the order for the first phase of our participation in the King Abdullah Education Initiative, which is designed to benefit students at more than 22,000 schools over a six-year period," stated Tony Maher, Chief Executive Officer of PCS. "While we originally expected to begin shipping our products more than 18 months ago, we are excited that the project has commenced in the last three months and look forward to an expansion in the number of participating schools during calendar 2009. The scope and size of this project is extremely ambitious, which has caused understandable changes in schedules and timelines.

"While we understand that PCS will be involved in the entire six-year project, I urge our stockholders and the investment community to share our caution regarding near-term revenue expectations, because the pace of the initial roll-out schedule has been slower than we originally had been informed."

About PCS Edventures!

PCS Edventures! is the recognized leader in the design, development and delivery of products and services rich in technology, imagination, innovation, and creativity that make learning easier, more engaging, and more effective at all levels. Our product lines range from hands-on learning labs in technology-rich subjects like engineering, science, math, robotics, IT, and electronics. PCS programs operate in over 5,000 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. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: whether or not the Company's expectations regarding its participation in the King Abdullah Education Initiative are realized; the Company's ability to have its new product offerings perform as planned or advertised; whether the Company will continue to increase revenue and profits as forecast; its ability to continue to expand its share of the market in the domestic and international education communities; whether there will be a viable commercial market, domestically and internationally, for one or more of its new products; its ability to commercialize its products and production processes, including increasing its capabilities to satisfy orders in a cost-effective manner; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; its ability to obtain patent protection on any of its products and, if obtained, to defend such intellectual property rights; the effect of changing economic conditions; changes in government regulations, tax rates and similar matters; and other risks discussed in the Company's periodic filings with the Securities and Exchange Commission. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should," or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. 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, 2008 and Form 10-Q for the six months ended September 30, 2008 as filed with the Securities and Exchange Commission.

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