nDivision Inc (NDVNQ)

[Renee]

NDVN changed to NDVNQ, bankruptcy:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[willlbone]

File Chap 7 news.

[SONARSTOCKZ]

$NDVN
NDVN SECURITY DETAILS
Share Structure

Market Cap Market Cap
2,726,709
06/08/2022
Authorized Shares
180,000,000
05/27/2022
Outstanding Shares
47,586,537
05/27/2022
Restricted
39,565,144
05/27/2022
Unrestricted
8,021,393
05/27/2022
Held at DTC
6,073,203
05/27/2022
Float
6,073,203
03/25/2022

[willlbone]

What's up?
Not this stock.

[Chartmaster]

nDivision Wins $2 Million in Government Managed Services Contracts Through its Fortune 50 Global Solutions Partner

Award is in Addition to nDivision's Recently Announced 3-year Multi-Million Dollar Managed Services Contract through its $90B Fortune 50 Partner

DALLAS, TX / ACCESSWIRE / June 23, 2021 / nDivision Inc. (OTCQB:NDVN), a leader in providing SaaS-based IT Managed Services using proprietary Intelligent Automation to replace human labor, announced today that it has been awarded two separate government IT Managed Services contracts as part of its strategic partnership with a $90B Fortune 50 Global Solutions company. The contracts are expected to generate $2 million of revenue for nDivision over the next five years.

This is the second sizeable award nDivision has recently announced. In April, nDivision announced that it will be fulfilling the services for a 3-year $6 million Infrastructure Managed Services and Managed End User Helpdesk contract which its $90B Fortune 50 strategic partner recently won.

The new two separate government awards include a 5-year contract with a federal government entity with over 10,000 employees as well as a 3-year contract with a large county government entity with over 100,000 employees. Both contracts are expected to go live in the third quarter of 2021.

The services to be provided by nDivision include the automation of an unlimited number of IT tasks - data storage management in 3 locations for one customer and network security infrastructure management for the other customer.

Alan Hixon, nDivision CEO, commented, "The sales momentum with our Fortune 50 strategic partner is increasing significantly, and we expect this to continue through 2021 as well as 2022. These new government wins are a testament to the efficiency and high customer satisfaction that results from our proprietary Intelligent Automation we deploy when delivering managed IT and cloud services."

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 Fortune 500 global enterprises. The Company leverages proprietary intelligent automation technologies to replace expensive human resources. Automation resolves IT issues faster and more accurately than human engineers, driving previously unattainable service levels. The Company manages public clouds, private clouds, and networks across 34 countries and 6 continents, 24-hours a day, 365 days per year. On average, nDivision resolves 83% of all infrastructure incidents using Intelligent Automation with no human involvement, resulting in a 40% to 60% reduction in the cost of IT operations. Customers rate 96% of incidents that nDivision's technical support staff resolve as either "satisfied" or "very satisfied".One of the top ten global solution providers ($90bn+ revenues) resells nDivision's services across the U.S., and a second ($140bn+ revenues) is assisting nDivision with its channel sales strategy through its sponsorship and introductions to a number of large scale partners. More information can be found at www.ndivision.com. For additional information about nDivision's products and services contact [e-mail].

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 Contact:
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
[phone]
[e-mail]

SOURCE: nDivision Inc.


View source version on accesswire.com:
https://www.accesswire.com/652736/nDivision-Wins-2-Million-in-Government-Managed-Services-Contracts-Through-its-Fortune-50-Global-Solutions-Partner

© Copyright 2021 ACCESSWIRE. All Rights Reserved.


https://www.otcmarkets.com/stock/NDVN/news/story?e&id=1928515

[Quintessence]

8-K: On March 15, 2019, nDivision Inc., a Nevada corporation (the “Company”) (OTC: NDVN) has submitted the Company profile for a presentation at a Technology conference by Alan Hixon, Chief Executive Officer.

https://www.otcmarkets.com/filing/html?id=13300821&guid=gFk3UnG_srRgHth

[Quintessence]

nDivision Inc. Activates New Executive Advisory Board with Former Rackspace Sales Leaders Khaled Saffouri and Scott White as Inaugural Members (8-K filed on 3/8/2019)

https://www.otcmarkets.com/filing/html?id=13286381&guid=4NU3UaxCCov-R3h

[DollarSquad]

Is that so

[NeevahWong]

Yes. And the early bird is going to get the biggest fattest worm on this one.

[Traderland]

$NDVN has a potential for a very long term hold.

[DobroStocks]

Basically if you do any amount of DD on $NDVN you will start to get excited. This is obviously a very under the radar ticker and very undervalued. This is the right time to take a starter IMHO before the market catches wind of the potential here.

[Traderland]

$NDVN added to watch.

[DobroStocks]

Good info, thanks for posting.

[Traderland]

I am doing some more DD on NDVN , but I like what I see so far.

[DobroStocks]

Exactly why $NDVN possesses such huge upside potential.

[NeevahWong]

And they ALL are very very eager to reduce the amount of time, money and headache that their company spends on IT support issues. Very good for $NDVN

[DobroStocks]

That and around the world. $NDVN has clients on 4 continents.

[NeevahWong]

Yeah that a nice target size market in the USA.

[Traderland]

The company is increasing its investment in Autonomic Managed Services, to enhance its ability to leverage "digital labor" to enable CIOs to re-allocate resources to strategic, ROI-producing initiatives. It has also dedicated some of the proceeds to continue to develop its proprietary CIO Dashboard, which empowers CIOs with a single-pane-of-glass view of metrics for analyzing nDivision services.

[DobroStocks]

Oh I was thinking companies between $40 to $100 milllion in annual revenues maybe.

[NeevahWong]

And by "medium sized" you mean....?

[DobroStocks]

Its the promise of cloud automation. $NDVN asserts that 90% of any firms help desk order load can be automated and put in the cloud by NDivions processes. That without exageration can save a medium size corporation millions in annual operating budget costs.

[NeevahWong]

In this digital era, help desk sucks up massive percentages of any enterprise's operating budget. Helping that process be more efficient and cost effective is extremely valuable to company's. Thats why $NDVN is so handsomely rewarded for their innovations.

[DobroStocks]

Well I do now. And I understand why its growing into a $10Billion dollar sector.

[StockBro75]

That's interesting Ive been around corporate America all my adult working life so I assumed everyone knew what help desk was.

[StockBro75]

Like mechanics for a truck delivery service. You basically can't do modern business without help desk services.

[NeevahWong]

Yeah and "help desk" services are massively important for any company of any size to keep their employees up and running and productive in this digital age.

[DobroStocks]

I'll confess before I started my DD here on $NDVN I didnt even now what "Help Desk" was. Ive been an entrepreneur and investor all my life so I've never worked with an enterprise sized organization. Now I realize that "Help Desk" is just another way of saying tech support for the employees of an organization who need their computers to function to do the companies business.

[FinanceAngel]

wow

[FinanceAngel]

That's fantastic

[NeevahWong]

Thats what I call vendor confidence.

[FinanceAngel]

Thats true and I am watching it closely

[StockBro75]

Its a very strong product offering: if NDVN cannot reduce your IT help desk incidence load by 50% within 120 days they will refund your enterprises fee.

[Bullseye12]

website is really awesome

[Bullseye12]

wow impressive numbers

[DobroStocks]

Its just biding its time, you'll start to notice $NDVN buzz soon, IMHO.

[StockBro75]

$NDVN may be a quiet one now, but its sitting on a massive market with a golden product offering.

[NeevahWong]

Nndivion website is the best place to start for DD on $IMTV ticker: http://www.ndivision.com/

[StockBro75]

Nice work. Thanks for posting.

[NeevahWong]

I got it from this link. I know Quora is not necessarily the most authoritative source but it seems to line up with the other DD I've perused. https://www.quora.com/How-big-is-the-help-desk-software-market

[DobroStocks]

That's impressive. Where did you get the figures? Was it in one of the PR's?

[NeevahWong]

The overall workspace managment market is supposed to grow to $816 millions by 2022.

[StockBro75]

Yeah $NDVN is in a hot market.

[NeevahWong]

Help Desk Automation market is forecast to grow by 50% CAGR in 2019.

[FinanceAngel]

yes we are on alert expecting it

[FinanceAngel]

great quote!

[Bullseye12]

Hi Traderland!

[Bullseye12]

What's up here?

[Bullseye12]

Hello guys!

[Traderland]

Waiting for An update coming for $NDVN !!!!