EATONTOWN, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) — Wayside Technology Group, Inc. (NASDAQ: WSTG) (“Wayside” or the “Company”), a value-added international IT channel firm offering modern gross sales and distribution options for rising expertise distributors, is asserting a company rebrand from Wayside Technology Group to Climb Global Solutions, efficient October 31, 2022.
“Growing the Climb brand at a global scale has been a key initiative across the organization,” mentioned Dale Foster, CEO of Climb Global Solutions. “Brand recognition with a high-touch, customer service focus is important as our business grows internationally. We pride ourselves in performing at an exceptional level while continuing to ensure the success of our partners, team members and stakeholders. Changing our public company name from Wayside Technology Group to Climb Global Solutions will allow us to promote one uniform brand that is recognizable to our investors, vendors and customers across our global footprint. This type of brand consistency demonstrates our commitment to a simple and efficient way of promoting the Company through a cohesive global strategy.”
The Company’s inventory ticker image will change from “WSTG” to “CLMB” on the Nasdaq inventory change and can start buying and selling below the brand new image on October 31, 2022. The Company’s CUSIP quantity will stay unchanged, and certificates representing frequent shares of the Company won’t be affected and won’t want to be exchanged. There isn’t any motion required from present stockholders.
About Wayside Technology Group
Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added international IT distribution and options firm specializing in rising and disruptive applied sciences. Wayside operates throughout the US, Canada and Europe by way of a number of business items, together with Climb Channel Solutions, Grey Matter and CloudKnowHow. The Company gives IT distribution and options for rising corporations within the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.
Additional data will be discovered by visiting www.waysidetechnology.com.
Forward-Looking Statements
The statements on this launch, apart from statements of historic reality, are “forward-looking statements” throughout the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are meant to come throughout the secure harbor safety offered by these sections. These forward-looking statements are topic to sure dangers and uncertainties. In this press launch, most of the forward-looking statements could also be recognized by phrases similar to “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or related expressions, or once we talk about our priorities, technique, targets, imaginative and prescient, mission, alternatives, projections, intentions or expectations. Factors, amongst others, that might trigger precise outcomes and occasions to differ materially from these described in any forward-looking statements embrace, with out limitation, the continued acceptance of the Company’s distribution channel by distributors and clients, the well timed availability and acceptance of latest merchandise, product combine, market circumstances, contribution of key vendor relationships and assist packages, inflation, in addition to elements that have an effect on the software program business generally and different elements. Currently, one of the crucial important elements, nevertheless, is the potential antagonistic impact of the present pandemic of the novel coronavirus, or COVID-19, on the Company, the worldwide economy, and monetary markets. The extent to which COVID-19 impacts the Company will rely upon future developments, that are extremely unsure and can’t be predicted with confidence, together with the scope, severity and period of the pandemic, the actions taken to comprise the pandemic or mitigate its influence, and the direct and oblique financial results of the pandemic and containment measures, together with the influence on the Company’s reseller companions and the tip buyer markets they serve, amongst others. The forward-looking statements contained herein are additionally topic usually to different dangers and uncertainties which might be described within the part entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-Ok for the fiscal yr ended December 31, 2021, and from time to time within the Company’s filings with the Securities and Exchange Commission.
Company Contact
Drew Clark
Chief Financial Officer
(732) 389-0932
[email protected]
Investor Relations Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
[email protected]
