May 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — PCS Edventures!.com, Inc., (OTCBB: PCSV), an educational programs provider, said it has closed a private placement that raised $450,000 in net equity capital.

The company said that the private offering was fully subscribed by current shareholders and accredited investors who purchased 750,000 shares of PCSV common stock at a price of $0.60 per share.

PCS added that the price at which the offering was completed represented a 10% discount from the closing price of PCSV common stock on the OTC Bulletin Board on the date of the offering.

Investors also received common stock purchase warrants equivalent to 33% of the number of common shares purchased in the offering. Each stock purchase warrant expires in 24 months and allows the warrant holder to purchase shares of PCSV common stock at a price of $0.60 per share.

Idaho-based PCS Edventures!.com designs educational products and services to the K-16 market meant to develop contemporary skills including critical thinking, problem solving, innovation, creativity, and communications.

PCS programs have been deployed at more than 6,000 sites in all 50 United States and 17 foreign countries.

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