Wayside Technology Group Elects Gerri Gold to Board of

EATONTOWN, NJ, June 16, 2021 (GLOBE NEWSWIRE) – Wayside Technology Group, Inc. (NASDAQ: WSTG), a value-added information technology (IT) channel company providing innovative sales solutions for emerging technology providers, has nominated and elected Gerri Gold to its board of directors (the “Board of Directors”) at the company’s 2021 annual general meeting.

Gerri Gold has nearly three decades of leadership experience in the IT and equipment finance business. She is currently Senior Vice President and Chief Operating Officer of HPE Financial Services, the IT asset management and finance division of Hewlett Packard Enterprise (NYSE: HPE), with $ 13 billion in assets under management in over 50 countries worldwide. At HPE Financial Services, Gold is responsible for transforming the business with a focus on continuous innovation at the service, market and operational level, while driving profitable growth.

“Gerri brings a wealth of industry experience and know-how to our board of directors. Your knowledge of the European marketplace and strategic planning sense will be particularly valuable. We look forward to your input during our ongoing strategic assessment and cancellation of planning processes,” said Jeff Geygan, Wayside CEO, “I believe Gerri will play an important role on our board of directors, offering a unique and diverse perspective as the company continues to pursue its long-term growth and acquisition plan through our Climb Channel Solutions businesses.”

During her career, Gold has held numerous critical leadership positions at HPEFS, Compaq Financial Services and AT&T, where she was a founding member of AT&T Capital Corp. Gold has a number of mergers and disposals at AT&T and Compaq. headed -HP.

Gold is a graduate of the University of Michigan and an MBA in Finance from New York University. In her free time, Gold looks after young entrepreneurs. These successful collaborations include companies in the biotechnology, software and legal professions.

“The Wayside team has built a dynamic organization that provides resellers and businesses around the world easy access to world-class IT solutions,” said Gold. “I am very excited to have the opportunity to help the Wayside team and expand these solutions. This is a particularly exciting time for all companies as we are emerging from the pandemic lockdown together and I am very optimistic about the path ahead. “

About Wayside Technology Group

Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added IT and solutions company specializing in emerging technologies. Wayside operates in the United States, Canada, and Europe through multiple business units including Climb Channel Solutions, Sigma Software Distribution, Gray Matter, Interwork, and TechXtend. The company offers IT sales and solutions for emerging companies in the security, data management, cloud, connectivity, storage & HCI, virtualization and software & ALM industries.

For more information, see www.waysidetechnology.com.

Forward-Looking Statements

This press release contains certain “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. We make these forward-looking statements in reliance on the safe harbor protection provided by the Private Securities Litigation Reform Act of 1995.

All statements in this press release, other than historical facts, may constitute forward-looking statements. These forward-looking statements contain words such as “anticipate”, “believe”, “estimate”, “expect”, “predict”, “intend”, “may”, “plan”, “potentially”, “project,” “target” “Should”, “likely”, “will” and other words and expressions with similar meanings These forward-looking statements are subject to certain known and unknown risks and uncertainties and assumptions that could cause actual results to differ materially from those contained herein These risks and uncertainties include, without limitation, continued acceptance of the company’s sales channel by vendors and customers, the timely availability and acceptance of new products, the product mix, market conditions, the contribution of key vendor relationships and support programs, and factors affecting the software industry in the General and other factors (such as the coronavirus outbreak) concern The forward-looking statements contained therein are generally subject to other risks and uncertainties, which are described from time to time in our filings with the SEC.

Readers are cautioned not to place undue reliance on forward-looking statements in this press release, which speak only as of the date of this press release. Unless required by law, we assume no obligation to revise the results of any revision of any forward-looking statements or to publish them publicly.

Important additional information

The Company, its directors and some of its officers are participants in the solicitation of proxies from Company shareholders in connection with the Company’s 2021 annual general meeting. The Company intends to finalize any such solicitation by Company shareholders Submit a power of attorney and a WHITE power of attorney card with the SEC. SHAREHOLDERS OF THE COMPANY ARE URGENTLY RECOMMENDED TO READ SUCH AUTHORIZATION STATEMENT, THE ENCLOSED WHITE AUTHORIZATION CARD AND ALL OTHER DOCUMENTS ADDED TO THE SEC CAREFULLY AND PLEASE READ IT AT ALL. The Company’s promotional materials filed with the SEC on January 15, 2021 as DEFA 14A (the “DEFA 14A”) contain information about the Company’s direct and indirect interests in the Company’s securities, through holdings or otherwise. If the holdings of the Company’s securities change from the amounts set forth in DEFA 14A, those changes will be set forth in the SEC filings on Forms 3, 4, and 5, which can be found on the Company’s website at www.waysidetechnology.com or through the SEC’s website at www.sec.gov. Information is also available on the company’s other SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2020. Updated information regarding the identity of prospective attendees and their direct or indirect interests by holdings or otherwise will be disclosed in the company’s final proxy statement and other filings with the SEC in connection with the 2021 annual general meeting. Shareholders can download the final proxy statement, any amendments or additions to the proxy statement, and other documents filed by the Company with the SEC free of charge on the SEC’s website at www.sec.gov. Copies are also available free of charge from the company’s website at www.waysidetechnology.com.

Company contact:
Drew Clark
CFO
1-732-389-0932
Drew@WaysideTechnology.Com

Investor Relations contact
Cody Cree or Jackie Keshner
Gateway Investor Relations
1-949-574-3860
WSTG@gatewayir.com

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