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Nerds On Site’s CEO, Charles Regan, has issued an update to shareholders

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Nerds on Site, founded London, Ontario in 1995, specializes in providing cost effective, leading edge IT solutions to Small and Medium sized Enterprises (SME).

Additional Information:

Company: Nerds On Site
Website: http://www.NerdsOnSite.com
Stock Symbol: CSE: NERD
Date Published: Mar 12, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Nerds On Site’s CEO, Charles Regan, has issued an update to shareholders.

Nerds on Site, founded London, Ontario in 1995, specializes in providing cost effective, leading edge IT solutions to Small and Medium sized Enterprises (SME).

With current annual revenues of approximately $10 million, the company services over 12,000 clients per year with a 96.5% customer satisfaction rating.

Charles Regan stated:

Within the first 3 months post IPO, the Company has made substantial progress on multiple fronts of the planned development.

Our new US based NERDS are already excelling in on-call jobs and NerdMobile sighting call in requests.

Specific areas of expansion include Florida, Arizona and further expansion in our mature market of Canada.

In the US, the company successfully vetted, trained and launched 15 new NERDS (technicians), 9 in Florida and 6 in Arizona, as “franchisees to be”, pending the Company's completion of the ongoing process of filing franchise documents with individual states.

New NERDS are provided with NerdMobiles, fully branded VW Beetles which the company has leased and delivered to Florida and Arizona.

The company is extremely pleased to be able to kick start the initial NERD team USA with a worry-free lease program.

Initial NERD team members have a 37% revenue split, exactly as planned in the roll out schedule

It is anticipated that within 6 months, based on historic results in Canada, new NERDS will transition to 50/50 revenue split for the long term, in addition to assuming lease payments.

It typically takes 6 - 12 months to sign a long term NerdCare contract.

Our Canadian team has made significant progress in the last 3 months.

Growth with existing clients in Canada, highlighted by Canadian Tire, indicates significant upside in addition to expansion into Metro Vancouver and 3 additional Canadian Cities.

Our Canadian Tire team is ramping up efforts to extend NerdCare managed service coverage to an increasing number of our Canadian Tire dealers.

Currently, we are serving 226 out of 493 Canadian tire stores in Canada.

Our team is targeting to add 1 new Canadian Tire store per week during 2019, which shall bring the total number of stores to our goal of 290 by the end of 2019.

Besides the high standard of service, and high satisfaction of the existing Canadian Tire dealer clients, the "TimeWellScheduled" time management tool, has proven to be a solid door opener with the Canadian Tire Dealers.

Overall, our ability to scale our proven business model over the previous quarter indicates strong prospects through our North American expansion plans, all of which have the potential to significantly boost shareholder value as we continue to execute in 2019.

The company began trading on the CSE on November 28, 2018, having raised gross proceeds of $4.73 million following an IPO of approximately 13.5 million units priced at $0.35 per unit.

The shares are currently trading at $0.245.

For more information please visit the company’s website’s www.NerdsOnSite.com.

For investor relations visit www.Investors.NerdsOnSite.com, call 877-778-2335, or email IR@NerdsOnSite.com.

I’m Samantha Deutscher for Investmentpitch Media