Canadian market growth accelerates with key long-term client
TORONTO, April 17, 2019 /PRNewswire/ - Nerds on Site Inc. (the "Company") (CSE: NERD) (FSE: 3NS.F) (QTCQB: NOSUF), a mobile IT solutions company servicing the SME marketplace, is pleased to report that the Company has generated unprecedented growth with long-term strategic client Canadian Tire.
"As reported last month, our Canadian Tire team has been actively ramping up efforts to grow NerdCare managed service coverage to build upon the 226 Canadian Tire stores being served, with the goal of serving 290 of 493 stores by the end of 2019," said Mr. Charles Regan, Nerds on Site CEO. "As a result, we have seen our busiest growth period ever with our Canadian Tire stores."
- Canadian Tire client revenue up 22% 2019 over 2018
- Support plans, recurring revenue, up 20% year over year
- Migrated 4 stores from competitors, further consolidating Canadian Tire leadership position
- Averaging 3-4 gateway installs per month, 50% increase over 2018
"These growth indicators are historical highs with Canadian Tire stores. In a period of less than two months we have not seen this rate of migration or growth and it is a credit to our team's focus and effort," added Mr. Regan.
Besides the high standard of service, and high satisfaction of the existing Canadian Tire dealer clients, the "TimeWellScheduled" time management tool, continues to be a winning component of the NERDS offering, opening doors with new Canadian Tire Dealers.
About Nerds On Site:
Nerds on Site, a company founded in 1995, specializes in providing cost effective, leading edge solutions to Small and Medium sized Enterprise (SME), serving as the complete SME IT solution specialists. Nerds on Site was established in London, Ontario with current annual revenues of approximately $10,000,000. The company services over 12,000 clients per year with a superb 96.5% customer satisfaction rating. NOS's business model is based on Nerds sub contracts in Canada and a Franchise model for USA expansion.
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SOURCE Nerds On Site Inc.