Nerds On Site Inc. Provides Update on US Business Operations and Expansion

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TORONTO, ON / ACCESSWIRE / February 11, 2022 / Nerds On Site Inc. (CSE: NERD)(OTCQB: NOSUF) (“NERD” or the “Company”), a mobile computing solutions company serving the small and medium enterprise (SMB) markets in Canada and the United States, is pleased to update its stakeholders on recent business progress.

SME-Edge solution

Following the Cyber-Security Snapshot marketing initiative announced in the press release of December 09, 2021, NERD rolled out the second stage of the campaign, delivering the SME-Edge solution to targeted SMB customers. The company’s SME-Edge is its comprehensive cybersecurity solution that includes a fully managed network and internet traffic gateway, complete with zero-trust capabilities (see image below). The stand-alone cabinet can be easily configured to work with a customer’s existing IT infrastructure and includes patented cybersecurity protection that prevents information leak incidents caused by data breaches. The unique solution has been increasingly adopted by the SMB community, with millions of client devices protected. The Company plans to significantly increase the number of installed SME-Edge packages, subject to the development of global logistics for technology parts.

Image of the SME-Edge device

Business expansion in the United States

NERD has expanded its business operations in the United States, where the market size of the managed IT industry is several times larger than on the Canadian side, by pursuing merger and acquisition (M&A) opportunities. The Company has identified potential M&A targets over the past fiscal year and is working through the required due diligence processes. Potential targets should share cultural and customer treatment synergies with NERD. NERD is focused on goals that will increase its customer base and provide cybersecurity upgrade opportunities, relatively improving its revenue.

Insider stock holdings

Since the Company’s initial public offering (IPO) in 2018, management and members of the Board of Directors have regularly acquired shares through the open market or private placements. The aggregate insider ownership is approximately 55% of the total outstanding shares of the Company.

Charlie Regan, co-founder and CEO of NERDcomments: “According to IBM’s 2021 Cost of a Data Breach report, there was a cost difference of $1.76 million between breaches when a zero-trust approach was deployed and not deployed. This alarming number is concrete proof that NERD is well on its way to providing unique and advanced solutions to fight cybercriminals. We are confident that 2022 will be a breakthrough year for the Company with a number of expected achievements.”

About Nerds On Site Inc.

Nerds On Site Inc., a company founded in 1995 in London, Ontario, specializes in providing cutting-edge, cost-effective solutions to small and medium-sized businesses (SMBs), as a full-service SME IT solutions specialist. NERD currently has annual revenues of approximately $10,000,000 and growing. The company serves over 12,000 customers annually with a stunning 98.5% customer satisfaction rating (over 92,000 five-star ratings). NERD’s business model is based on outsourcing contracts in Canada and a franchise model for expansion in the United States. Visit the website to learn more: www.nerdsonsite.com.

For more information please contact:
Charles Regan, CEO
Nerds on site inc.
Tel: 1-877-778-2335
Email: [email protected]

Thomas Do, Head of Investor Relations
CHF Capital Markets
Tel: 416-868-1079 ext. 232
Email: [email protected]

Forward-looking statements

Certain information contained herein may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements regarding future financial condition, business strategy, product use, corporate vision, proposed acquisitions, partnerships, joint ventures and strategic alliances and cooperations, budgets, costs and plans and objectives of or involving the Company. This forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “forecasts”. “, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of these words and phrases or may be identified by statements that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be performed. A number of known and unknown risks, uncertainties and other factors could cause actual results or performance to differ materially from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, but not limited to, the impact of general economic conditions, industry conditions and dependence on regulatory approvals. Readers are cautioned that the assumptions used in the preparation of this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, accordingly, undue reliance should not be placed on any forward-looking statements. The Company undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE SOURCE: Nerds on site inc.

See the source version on accesswire.com:
https://www.accesswire.com/688377/Nerds-On-Site-Inc-Provides-an-Update-on-Business-Operations-and-US-Expansion

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