TORONTO, Nov. 28, 2018 /CNW/ - Nerds on Site Inc. (the "Company") (CSE:NERD), a mobile IT solutions company servicing the SME marketplace, is pleased to announce that after successfully closing the IPO on Monday Nov 26, 2018, Company's shares commenced trading on the Canadian Securities Exchange (CSE) as of market opening this morning.
"This is a major milestone for the company but also a first step in a series of planned steps in growing the size and foot print of Nerds on Site in Canada and United States", says Charlie Regan, CEO.
With a lean and scalable business model which does not require the traditional "brick and mortar" approach, the Company is well-positioned to quickly penetrate the highly fragmented IT service marketplace in the U.S., valued at over $360 billion USD annually.
Nerds on Site is primarily targeting the small and medium-sized business marketplace, which currently does not have a clear national leader in the U.S. Even though there are many good regional players, there is a strong opportunity for an organization to step in and claim ownership of the SME space on a truly national level. Nerds On Site has achieved this in Canada and intends to replicate its success in the U.S. as well.
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 forwardlooking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE Nerds On Site Inc.
For further information: please visit investors.nerdsonsite.com, call 1-877-778-2335, email [email protected], or contact Eugene Konarev 416-562-6030