NSAV Announces Business Development Updates
June 09 2015 - 4:10PM
InvestorsHub NewsWire
NSAV
Announces Business Development Updates
Las Vegas, NV -- June 9,
2015 -- InvestorsHub NewsWire -- Net Savings Link, Inc. (OTC:
Pink: Symbol NSAV) today has provided details on business
development updates and progress on its recent acquisition,
Pyrotree, Inc.
In a statement issued
through Steven Baritz, the CEO of NSAV, the following information
was provided: “NSAV has been engaged in debt reduction talks
with the holders of our outstanding convertible debt instruments,
and we are pleased to report that those talks have been
successful”. “We collaborated with our consulting firm, JJMJ
consulting, LLC on that negotiation, and their professional
assistance was welcomed”. Baritz continued, “The
holders of those debt instruments have agreed in writing to an
elimination of 100% of the premium cost of those instruments, based
on a structured timetable. The reduction of the premium cost
may result in a savings in excess of $120,000, and we are actively
pursuing various venues and strategies to assist us in meeting that
objective”.
NSAV also provided
updated information on the customer development metric of
Pyrotree’s primary asset, Webjoint. In a statement issued
through Pyrotree’s Vice President, Hilart Abrahamian, the following
update was provided: “Pyrotree is pleased to report that the
revenue that was generated during the month of May, 2015 was a
milestone event for us, in that our revenue from our primary
product, Webjoint, posted revenue gains in excess of 100% from the
previous month”. In a related statement, Mr. Abrahamian
continued, “Pyrotree is pleased to report that in the past 45 days,
it has more than doubled the number of clients that have enrolled
in Webjoint.” Mr. Abrahamian continued, “We increased the
number of clients from 188, as previously reported, to 403 clients,
as of yesterday’s close of business. “This is a clear indication of
the strength and popularity of our product platform within our
industry space, and our projections for future business development
and increased revenue generation are expanding, and we remain
optimistic on our short term and intermediate expectations”, said
Abrahamian.
The President of
Pyrotree, Chris Dell’Olio, also provided additional commentary, as
follows: “In light of the apparent positive reception that we
seem to be experiencing thus far with Webjoint, we will be hiring
additional sales staff to service the increasing capacity of our
client base. We are currently interviewing several
candidates, and we expect to make some hiring decisions within the
next few weeks”. Mr. Dell’Olio also provided additional
commentary with respect to revenue development: “We are
experiencing a steady and incremental increase in revenue since our
acquisition by NSAV, and so far, we have not had a subsequent week
that produced revenue that was less than any preceeding week.
We are hopeful that this trend will continue, and updates will be
released when applicable”.
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.
Investor Relations
Contact:
Email: IR@Pyrotree.com
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