nDivision Inc (NDVNQ)

[Big Brother]

nDivision Completes Accretive Acquisition of 58 Managed Services Contracts

- Contracts expected to add approximately $850,000 in annual revenue
- Improves service to new customers by including nD 24/7 staffed Network Operations Center and additional layers of technical support

https://www.otcmarkets.com/stock/NDVN/news/story?e&id=1082863

DALLAS, TX / ACCESSWIRE / May 15, 2018 / nDivision Inc. (OTC PINK: NDVN), the expert in increasing IT's value by replacing human labor with "digital labor," has acquired 58 annual Managed Services contracts from a Managed Services Provider in West Texas.

Based on results so far, the acquired contracts are expected to increase nDivision's annual revenue by approximately $850,000, while generating approximately 65 percent gross margin. The acquisition gives nDivision a foothold in the West Texas markets through its new local presence.
nDivision enhanced its new customers' service by deploying its staffed Network Operations Center (nD NOC) which provides 24/7 support. It is also using its technology experts to provide additional layers of technical expertise to supplement the team transferring to nDivision. nDivision expects that deployment of its IT automation solutions to replace human labor with digital labor, will further shorten remediation times and elevate service levels for the new customers.

"With our West Texas team on board, nDivision will provide small and medium customers in the region with the same enterprise-class services our largest global customers have come to expect," said Alan Hixon, Chairman and CEO of nDivision.

"Our service delivery team was able to transition all 58 new customers to the nDivision service within 30 days while providing the quality service our customers expect. We are now deploying our extensive automation capabilities to enhance service levels and reduce the operating costs for delivering the service," Hixon added. "nDivision will continue to evaluate opportunities to purchase additional Managed Services contracts or acquire Managed Services Providers to further drive growth. The combination of acquisitions and organic growth should drive revenue and lead to greater economies of scale into the foreseeable future."

"We look forward to executing our acquisition strategy, and using the options provided by our public listing to explore additional acquisition opportunities that meet or exceed our high quality standards, ROI hurdle rates, and other financial criteria."

About nDivision Inc.
nDivision Inc. provides Autonomic Managed Services and End User Help Desk services to private and public entities, ranging from small businesses to global enterprises. nDivision's services are valuable for any industry, and are being provided to customers in multiple segments. The company supports over 100 customers across 45 countries, 24 hours a day, 365 days a year. nDivision leverages advanced automation technologies to replace human labor with digital labor. By the end of the first year of the service, nDivision typically automates between 50% and 80% of all incidents, across the datacenter and network. More information can be found at www.ndivision.com.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of nDivision Inc. ("nDivision" or the "Company"). Forward-looking statements are based on the expectations, estimates, or projections of the Company's management as of the date of this press release. Although nDivision's management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company's actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause nDivision's actual results or performance to differ materially from the forward-looking statements include those set forth in the "Risk Factors" sections in the Company's filings with the Securities and Exchange Commission, which are available for viewing on the SEC's EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, nDivision specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future.

Investor Relations:
Brad Wiggins
214-272-2148
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