Nerds On Site Announces Details of Asset Purchase of Nerds On Call

TORONTO, ON / ACCESSWIRE / February 2, 2024 / Nerds On Site Inc. (CSE:NERD), a cybersecurity and mobile computing response company serving the small and medium-sized business (SMB) market in Canada and the United States, provides the key points in its strategy to acquire Nerds On Call, a leading generation support company located in California serving residential customers. The merger will be structured as an asset acquisition and will come with Nerds On Call’s physical and virtual assets and strengthen the position of the combined entity. in the North American market.

Key highlights of this asset purchase include:

Charlie Regan, CEO of Nerds On Site, said: “This asset acquisition is a vital milestone in our journey. By onboarding Nerds On Call customers, we are expanding our presence in the United States, while offering our showcased on-site built-in remote formula that can be featured in markets we don’t currently serve. Not only are we expanding our resources, but we are also strengthening our commitment to delivering unprecedented IT and cybersecurity facilities to our customers.

Andrea Elderidge, CEO of Nerds On Call, said, “Joining forces with Nerds On Site opens new doors for us. Our combined expertise and resources will undoubtedly enhance the service experience for our Clients and drive innovation in the IT sector.”

About Nerds On Site Inc. (NERD):

A leading provider of cyber security and IT services to SME and corporate Clients in North America. Established in 1995 and serving Clients across the USA and Canada for decades, Nerds On Site stands out as one of the most highly regarded and reputable IT service organizations of its kind. The NERDs team is a collegial network of cyber security and technology experts and strategic partners across North America. Their ability to liberate Clients with technology solutions that optimize organizations and exceed expectations is the stand-out results Nerds On Site regularly delivers, as Client testimonials reflect – (https://reviews.nerdsonsite.com/)

https://www. nerdsonsite. com/

About Nerds On Call: Nerds On Call has been a trusted generation in California for more than two decades, providing a wide diversity of IT responses primarily to residential customers. For more details, visit https://callnerds. com/

The letter of intent is non-binding and there is no guarantee that this transaction will happen.

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.

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SOURCE: Nerds on the Site

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