Nerds On Site Inc. Announces Stock Option Grant to Management

Rhea-AI Summary

Nerds On Site Inc. (CSE: NERD) (OTCQB: NOSUF) announced the issuance of 4,000,000 stock options to management under its incentive stock option plan. Each option allows purchasing one common share at $0.15 for five years. The Company, which provides IT solutions to SMEs in Canada and the USA, boasts annual revenues of approximately $10 million and a 96.5% customer satisfaction rating, serving over 12,000 clients. The Company's franchise model supports its US expansion strategy.

Positive

• Issued 4,000,000 stock options which could enhance management incentives.
• Annual revenues approximately $10 million with growth potential.
• Strong customer satisfaction at 96.5% with over 90,000 five-star ratings.

Negative

• None.

TORONTO, June 01, 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 4,000,000 options to management, pursuant to its incentive stock option plan (the “Plan”). Each option entitles the holder to subscribe for one common share of the Company for $0.15 for a period of 5 years, subject to the terms of the Plan.

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

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

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.

FAQ

What stock options did Nerds On Site issue?

Nerds On Site issued 4,000,000 stock options to management at a subscription price of $0.15 per share.

What is the significance of the stock options issued by Nerds On Site?

The stock options are part of the company's incentive plan, aiming to motivate management and align their interests with shareholders.

What is the customer satisfaction rating of Nerds On Site?

Nerds On Site has a customer satisfaction rating of 96.5%.

How many clients does Nerds On Site serve annually?

Nerds On Site serves over 12,000 clients each year.

What are the current annual revenues for Nerds On Site?

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

How does Nerds On Site plan to expand in the US?

Nerds On Site plans to expand in the US through a franchise model.