Wayside Technology Group Rebrands to “Climb Global Solutions”
October 27 2022 - 4:05PM
Wayside Technology Group, Inc. (NASDAQ: WSTG) (“Wayside” or the
“Company”), a value-added global IT channel company providing
innovative sales and distribution solutions for emerging technology
vendors, is announcing a corporate rebrand from Wayside Technology
Group to Climb Global Solutions, effective October 31, 2022.
“Growing the Climb brand at a global scale has
been a key initiative across the organization,” said 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 stock ticker symbol will change
from “WSTG” to “CLMB” on the Nasdaq stock exchange and will
commence trading under the new symbol on October 31, 2022. The
Company’s CUSIP number will remain unchanged, and certificates
representing common shares of the Company will not be affected and
will not need to be exchanged. There is no action required from
current stockholders.
About Wayside Technology
Group
Wayside Technology Group, Inc. (NASDAQ: WSTG) is
a value-added global IT distribution and solutions company
specializing in emerging and disruptive technologies. Wayside
operates across the US, Canada and Europe through multiple business
units, including Climb Channel Solutions, Grey Matter and
CloudKnowHow. The Company provides IT distribution and solutions
for emerging companies in the Security, Data Management,
Connectivity, Storage & HCI, Virtualization & Cloud, and
Software & ALM industries.
Additional information can be found by
visiting www.waysidetechnology.com.
Forward-Looking Statements
The statements in this release, other than
statements of historical fact, are “forward-looking statements”
within the meaning 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 intended to come within the
safe harbor protection provided by those sections. These
forward-looking statements are subject to certain risks and
uncertainties. In this press release, many of the forward-looking
statements may be identified by words such as “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 similar expressions, or when we discuss our
priorities, strategy, goals, vision, mission, opportunities,
projections, intentions or expectations. Factors, among others,
that could cause actual results and events to differ materially
from those described in any forward-looking statements include,
without limitation, the continued acceptance of the Company’s
distribution channel by vendors and customers, the timely
availability and acceptance of new products, product mix, market
conditions, contribution of key vendor relationships and support
programs, inflation, as well as factors that affect the software
industry in general and other factors. Currently, one of the most
significant factors, however, is the potential adverse effect of
the current pandemic of the novel coronavirus, or COVID-19, on the
Company, the global economy, and financial markets. The extent to
which COVID-19 impacts the Company will depend on future
developments, which are highly uncertain and cannot be predicted
with confidence, including the scope, severity and duration of the
pandemic, the actions taken to contain the pandemic or mitigate its
impact, and the direct and indirect economic effects of the
pandemic and containment measures, including the impact on the
Company’s reseller partners and the end customer markets they
serve, among others. The forward-looking statements contained
herein are also subject generally to other risks and uncertainties
that are described in the section entitled “Risk Factors” contained
in Item 1A. of our Annual Report on Form 10-K for the fiscal year
ended December 31, 2021, and from time to time in the Company’s
filings with the Securities and Exchange Commission.
Company Contact
Drew ClarkChief Financial Officer(732)
389-0932drew@waysidetechnology.com
Investor Relations Contact
Sean Mansouri, CFAElevate IR(720)
330-2829WSTG@elevate-ir.com
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