UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 0R 15 (D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported)  March 6, 2019

 

NDIVISION INC.

(Exact name of registrant as specified in its charter)

 

 

Nevada   47-5133966
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

 

4925 Greenville Avenue, Suite 200, Dallas, TX   75206
(Address of principal executive offices)   (Zip Code)

 

Registrant's telephone number, including area 214-785-6355

    

Copies to:

Ken Bart, Esq.

Bart and Associates, LLC

1213 Culbreth Drive

Suite 346

Wilmington, NC 28405

Tel: 720-226-7511

Fax: 720-528-7765

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company [X]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]

 

     
 

 

 

 

Forward-Looking Statements

 

This Current Report on Form 8-K and other written and oral statements made from time to time by us may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties. Forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” “forecasts,” “projects,” “intends,” “estimates,” and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward looking statement can be guaranteed and actual future results may vary materially.

 

Information regarding market and industry statistics contained in this Current Report on Form 8-K is included based on information available to us that we believe is accurate. It is generally based on industry and other publications that are not produced for purposes of securities offerings or economic analysis. We have not reviewed or included data from all sources, and cannot assure investors of the accuracy or completeness of the data included in this Current Report. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and the additional uncertainties accompanying any estimates of future market size, revenue and market acceptance of products and services. We do not assume any obligation to update any forward-looking statement. As a result, investors should not place undue reliance on these forward-looking statements.

 

Item 7.01 REGULATION FD DISCLOSURE.

 

On March 6, 2019, nDivision Inc., a Nevada corporation (the “Company”) (OTC: NDVN) the experts in increasing IT’s value by replacing human labor with “digital labor,” has launched an executive advisory board to assist in implementing nDivision’s long-term growth strategies.

Its first members, Khaled Saffouri and Scott White, were chosen to help the company engineer an aggressive business development function to build on the momentum of recent client contract wins.

 

A copy of the release is attached as Exhibit 99.1.

 

The information furnished herein, including Exhibit 99.1, is not deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. This information will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the registrant specifically incorporates them by reference.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

Exhibit No. Description

 

99.1 Press release issued by nDivision Inc. dated March 6, 2019.

 

 

     
 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

       
  NDIVISION INC.  
       
Date: March 8, 2019 By: /s/ Alan Hixon  
   

Alan Hixon

Chief Executive Officer

 

 

 

 

 

 

 

     
 

 

Exhibit 99.1

 

 

nDivision Inc. Activates New Executive Advisory Board with Former

 

Rackspace Sales Leaders Khaled Saffouri and Scott White as Inaugural Members

 

DALLAS - March 6, 2019 /ACCESSWIRE nDivision Inc. (OTCQB: NDVN), the experts in increasing IT's value by replacing human labor with "digital labor," has launched an executive advisory board to assist in implementing nDivision's long-term growth strategies.

 

Its first members, Khaled Saffouri and Scott White, were chosen to help the company engineer an aggressive business development function to build on the momentum of recent client contract wins. Khaled and Scott are experienced Managed Services business leaders who helped catapult Rackspace from a fledgling web hosting company into "the #1 managed cloud company" serving more than 140,000 companies in 120 countries.

 

Alan Hixon, Chief Executive Officer of nDivision, commented, "The experience and expertise we gain by adding Khaled and Scott to our Advisory Board will help us continue to capitalize on the growing demand for our Autonomic Managed Services and the increasing push by companies to transform their IT departments from merely cost centers to innovation drivers. Khaled and Scott each have immense experience in various sales leadership roles at Rackspace and made a major contribution to its growth to $2.5bn annual revenues.

 

Khaled Saffouri , spent more than 15 years at Rackspace in various sales leadership roles including Enterprise Sales, EMEA Sales, Installed Base Sales, Latin America Sales, and Managed Dedicated and Cloud Computing Services. Khaled built and managed teams that ranged from 50 to as many as 200 sales people. In all of his roles at Rackspace, he was able to grow sales within each division by as much 90 percent year over year. After leaving Rackspace in 2016, Khaled was appointed as Vice President of Sales at Dialpad, located in the San Francisco Bay Area, where he built a successful 15-person sales team. He is currently President and CEO at Digiboost, a digital marketing provider that helps client companies achieve increased growth and revenue by meeting their marketing goals and creating a strong digital presence.

 

Scott White spent 16 years at Rackspace where he rose from an individual contributor to Vice President of Sales and was an integral part of the company's growth strategy until leaving the company in 2018. He brings a diverse background across many sales and operational disciplines and has led teams in the U.S. and internationally. He is an expert in SMB sales, Enterprise Sales, and in developing and implementing go-to-market functions. In one of his early achievements, he created a channel sales function at Rackspace that grew to be approximately 25 percent of the company's revenue, contributing substantially to the growth of the company. After his promotion to Vice President in 2010, Scott held various roles in Sales, Alliances, Operations, as well as in the company's International division. Scott has been involved in the cloud industry since its inception, and brings nDivision a wealth of knowledge and experiences.

 

     
 

 

 

 

 

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 60 percent and 80 percent 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

bwiggins@ndivision.com