Mr. Charlie Regan reports

NERDS ON SITE HIGHLIGHTS DETAILS FOR ITS NERDS ON CALL ASSET PURCHASE

Nerds On Site Inc. has provided details on its strategic purchase of Nerds On Call (NOC), a leading technology support company located throughout California that caters to residential clients. The merger will be structured as an asset purchase and include both digital and physical assets of Nerds On Call, and will strengthen the combined entity's position in the North American market.

Key highlights of this asset purchase include:

• Assets: All digital, physical and trademarked assets of Nerds On Call.
• Continuity of leadership and team: The agreement ensures that the existing management and team of Nerds On Call will continue their roles, maintaining high standards of service delivery for their clients.
• Immediate sales opportunities: The NOC product line is expected to generate strong and immediate sales opportunities within the Nerds On Site portfolio, as well as Nerds On Site providing a broad selection of service, software and cybersecurity offerings to NOC clients.
• Financial outlook: Nerds On Site is projected to be cash flow positive within the first six months of operation.
• Equity purchase details: The acquisition is an equity purchase valued at $500,000 (U.S.), payable in shares. The final number of shares will be determined based on the share value at the agreement closing in March, 2024.
• Continuing corporation: Nerds On Site shall be the continuing company, and no changes to its board of directors are expected. No new control person will be created.
• Transaction conditions: This transaction is subject to completion of final acquisition and exchange approval.

Charlie Regan, chief executive officer of Nerds On Site, said: "This asset purchase is a significant milestone in our journey. By integrating Nerds On Call's clients, we expand our U.S. footprint, as well as providing our proven integrated on-site-remote-support system that can be offered in markets we presently don't serve. We're not just expanding our resources but also fortifying our commitment to provide unparalleled IT [information technology] and cybersecurity services to our clients."

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."

This strategic acquisition is expected to significantly enhance the service offerings of Nerds On Site, making it a powerhouse in the IT and cybersecurity domain. The company is well positioned to leverage the strengths of both organizations to offer an expanded suite of services and cater to a broader client base.

About Nerds On Site Inc.

Nerds On Site is a leading provider of cybersecurity and IT services to SME (small and medium enterprises) and corporate clients in North America. Established in 1995 and serving clients across the United States 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 cybersecurity 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 standout result Nerds On Site regularly delivers, as client testimonials reflect.

About Nerds On Call

Nerds On Call has been a trusted name in technology support in California for over two decades, offering a wide range of IT solutions to predominantly residential clients.

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