Nerds On Site Inc. Announces Issuance of Compensation Shares

Rhea-AI Summary

Nerds On Site Inc. (CSE: NERD, OTCQB: NOSUF) announced the issuance of 2,798,059 subordinate voting shares as compensation to employees and directors at a deemed price of $0.15, subject to a four-month hold period. With annual revenues of approximately $10 million, the company serves over 12,000 clients per year, boasting a 96.5% customer satisfaction rating. Established in 1995, Nerds On Site specializes in mobile IT solutions for Small and Medium-Sized Enterprises in Canada and the USA.

Positive

• Issued 2,798,059 shares as compensation to employees, aligning interests.
• Annual revenues of approximately $10 million, indicating business growth.
• Serves over 12,000 clients with a customer satisfaction rating of 96.5%.

Negative

• None.

TORONTO, June 03, 2021 (GLOBE NEWSWIRE) -- Nerds On Site Inc. (CSE: NERD) (OTCQB: NOSUF) (“NERD” or the “Company”), a mobile IT solutions company servicing Small and Medium-Sized Enterprise (SME) marketplaces in Canada and the USA, is pleased to announce that it has issued a total of 2,798,059 subordinate voting shares to employees and directors of the Corporation, representing compensation shares. The shares were issued at a deemed price of $0.15, and are subject to a 4 month hold period from the date of issuance.

About Nerds On Site Inc.

Nerds On Site Inc., a company founded in 1995 in London, Ontario, specializes in providing cost effective, leading-edge solutions to Small and Medium-Sized Enterprises (SME), serving as the complete SME IT solution specialist. NERD currently has annual revenues of approximately $10,000,000 and growing. The Company services more than 12,000 clients per year with a superb 96.5% customer satisfaction rating (more than 90,000 five-star ratings). NERD’s business model is based on sub-contracts in Canada and a franchise model for US expansion. Visit the website to learn more: www.nerdsonsite.com

To learn more, please contact:

Charles Regan, CEO
Nerds On Site Inc.
Tel: 1-877-778-2335
Email: IR@nerdsonsite.com

Cathy Hume, CEO
CHF Capital Markets
Tel: 416-868-1079 x251
Email: cathy@chfir.com

Thomas Do, Investor Relations Manager
CHF Capital Markets
Tel: 416-868-1079 x232
Email: thomas@chfir.com

Forward-Looking Statements

Certain information set forth in this material 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, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such 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 expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ 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, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any 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.

FAQ

What does Nerds On Site Inc. do?

Nerds On Site Inc. provides mobile IT solutions for Small and Medium-Sized Enterprises in Canada and the USA.

What recent announcement did Nerds On Site Inc. make regarding shares?

Nerds On Site issued 2,798,059 subordinate voting shares as compensation to employees and directors.

What is the current revenue of Nerds On Site Inc.?

Nerds On Site has annual revenues of approximately $10 million.

What is the customer satisfaction rating of Nerds On Site Inc.?

The company has a customer satisfaction rating of 96.5%.

What is the stock symbol for Nerds On Site Inc.?

The stock symbol for Nerds On Site is NOSUF.