NSAV Announces a Strategic Schedule for Proposals, Business Plans, and Funding, including a Private Placement Memorandum.
May 18 2015 - 12:55PM
InvestorsHub NewsWire
NSAV
Announces a Strategic Schedule for Proposals, Business Plans, and
Funding, including a Private Placement
Memorandum.
Port Jefferson, NY --
May 18, 2015 -- InvestorsHub NewsWire -- Net Savings Link, Inc.
(OTC:
Pink: Symbol NSAV) today has provided details through its CEO,
Steven Baritz, on a strategic planning schedule that has the
approval of all of the officers of NSAV and the officers of its
recent acquisition, Pyrotree Software Inc.
NSAV is announcing its
first formal Board of Directors meeting since its acquisition of
Pyrotree Software Inc. Steven Baritz, the CEO of NSAV
released the following comment: “NSAV will hold a Board of
Directors meeting, which will include the officers of NSAV and
their wholly owned subsidiary, Pyrotree Software Inc. on June
30th, 2015, to discuss and formulate a comprehensive
strategic roadmap for our growth, revenue, and funding objectives,
including a Private Placement Memorandum".
Mr. Baritz continued,
“The agenda is being finalized shortly, but the integral components
of the meeting will formally analyze all of the various revenue
channels and proposals that we are presently entertaining, and
moreover, we will be conducting a deep dive into a comprehensive 3
year forward looking funding plan and integrated business plan of
NSAV and Pyrotree that will properly organize and prioritize our
immediate corporate requirements, revenue objectives, growth
opportunities that may present themselves to us, and
capitalization requirements.” “We have made various Intracorporate
proposals toward long term growth and solutions, and we hope to
finalize those strategies at the meeting,” Baritz said.
Mr. Baritz elaborated
further on the issue of capitalization and funding: “NSAV is
actively exploring all available opportunities and venues for
funding and capitalization by first, using our preferred share
classes of stock that we currently have. This is currently
our preferable venue of raising funding, and we will have some time
to explore this venue with our current and prospective funding
partners. These share classes were reserved to create a
potentially attractive equity instrument to attract long term
funding by qualified investors who aren’t clouded with a myopic
viewpoint of our current share structure, and rather, can see our
viable and attainable corporate vision, and where we believe we
will go with the right support from our investors and/or lending
partners that would benefit from our growth in a symbiotic
fashion”
Mr. Baritz provided some
preliminary information on the commencement of the process to issue
a Private Placement Memorandum. “We are currently working on
a Private Placement Memorandum (PPM) for long term funding,
utilizing our preferred shares, with the intent of raising up to
$1.5M. We will be releasing more news on this PPM process within
the next 20-30 days. For more information on this PPM, please
contact our VP of Operations, David Pecoraro, whose contact
information is listed below.”
“Furthermore”, said
Baritz, “We are, as previously reported in a prior announcement,
now generating actual revenue with retained earnings, which can be
used to leverage potential funding options that we are exploring,
and furthermore, those earnings may provide self-generated capital
that may provide subsidization that may defray our necessary day to
day operating expenses, potentially minimizing the need for
external funding for those expenses. NSAV is not prepared to
disclose the cumulative amount of the revenue that is being
currently derived through Pyrotree’s products until our quarterly
filing, but we are, however, prepared to disclose that Pyrotree’s
revenues have continued to grow, and our outlook for continued
revenue growth through Pyrotree’s product channels is optimistic at
this time”.
Hilart Abrahamian, the
VP of Pyrotree provided additional clarification: “We are currently
working on several contracted software solutions that we are
developing code on, that will provide additional layers of
capability and options for our POS system that can actually be
applicable for deployment to other industries, besides our current
core industry focus. Upon their deployment, this may result
in additional revenue channels from our potential customers in
those industries as well. Once we know the revenue amounts and
metrics from these systems, we will publicly disclose them as they
are added to our financial statements.” Mr. Abrahamian
continued, “Additionally, we are actively engaged in discussions
with various potential partners regarding the Reselling, Licensing,
and Wholesale Marketing of our products for additional distribution
and exposure of our branding and product line.”
About Net
Savings Link, Inc.
Net Savings Link,
Inc. owns and operates a wholly owned subsidiary, PyroTree, Inc, a
software firm that provides tracking and traceability software that
incorporates the use of proprietary Radio Frequency Identification
(RFID) technology, along with customized website designs and a
fully integrated “seed to sell” point of sale (POS) platform for
the growers, distributors, collectives, vendors, retail
establishments, and patients in the medicinal and recreational
cannabis space in the States where it has been legalized.
People interested in learning more about Pyrotree, Inc should check
back with the company at its website, www.Pyrotree.com
DISCLAIMER:
This Press Release may contain certain forward-looking statements.
The Company has tried, whenever possible, to identify these
forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect the Company's
current beliefs and are based upon information currently available
to it. Accordingly, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. The Company undertakes no obligation to update or
advise in the event of any change, addition or alteration to the
information contained in this Press Release including such
forward-looking statements.
Contact:
David Pecoraro,
Vice President of Operations
Email: DavidPecoraro@rocketmail.com
Tel : 814-418-6648
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