NSAV Announces a Letter of Intent to Acquire a P.O.S. Firm in California for Retail and Delivery Industries
April 04 2015 - 8:20PM
InvestorsHub NewsWire
NSAV Announces the formal execution of a Letter of Intent to
acquire a California firm that is one of the premier developers of
a Point of Sale ( POS ) , traceability, and marketing system that
will be providing essential servicing to an emerging market space
that is one of the fastest and largest growing retail and delivery
industries in he the U.S. We will also be terminating the
acquisition process with Bella Vida Brands, Inc.
Port Jefferson, NY -- April 04, 2015 -- InvestorsHub NewsWire
-- Net Savings Link, Inc. (OTC: Pink: Symbol NSAV)
today has announced through its CEO, Steven Baritz, the formal
execution of a formal letter of intent to acquire a Los Angeles,
California firm that has effectively prepositioned itself as the
premier developer in the capacity of a required and mandated
peripheral service provider within one of the fastest growing
emerging markets in the country. This emerging market is
currently reporting more than $3.5 billion in annual sales, and is
projected to grow by 19% year over year through 2020.
Projections beyond that point are still being formulated.
The targeted firm incorporates sophisticated proprietary
website and Point of Sale (POS ) systems that are already
online and fully functioning in their intended capacity. Mr.
Baritz said, “It is an end to end POS system that begins with the
production of the products, and provides complete tracking,
compliance, accountability, payment and delivery management, and
highly sophisticated traceability solutions using Radio Frequency
Identification Tagging (RFID) technology that will enable 100%
accuracy and accountability throughout the entire POS
process. We are also expecting to incorporate a secure mobile
application platform of this service to expand the reach through
wireless networks to all of the authorized users.”
Within the proposed framework of the business plan, it will include
provisions for options of franchise and licensing agreements for
prospective partners in the various States that are enabling the
growth of this industry throughout the United States. Baritz
commented, “We believe that there are compelling opportunities for
creating significant shareholder value by leveraging the growth
potential of this industry by providing a required, and likely a
Federal and State mandated service for the manufacturers, vendors,
retail outlets, transportation firms and creators of the various
products within this rapidly and nationally growing market sector,
which also includes several Canadian provinces as well.”
On a related note, Baritz commented, “NSAV is currently
engaged in discussions with one of the preeminent leaders and
developers in RFID technology, and the content of those discussions
are pointed towards adding that leadership to NSAV as a personnel
asset on the Board of Directors that will virtually eliminate the
trial and error process to allow us to facilitate the rapid
introduction of this technology to market.”
Baritz said, “we are excited by the potential synergy and fluidity
that will result from the collaboration between our various
leadership opportunities in this new direction that we are heading.
We are aggressively engaged with this acquisition target, and
we are expecting to close on this acquisition by the filing of our
10Q on April 15th, 2015.”
Mr. Baritz also provided commentary on the termination of the Bella
Vida Acquisition: “Regarding the previously announced Bella Vida
Brands, Inc., acquisition effort, we have concluded our due
diligence in Bella Vida, and determined that they would not be a
viable and sustainable partner for a variety of reasons, including
revenue projections and the auditing and accounting cost as a
result of Bella Vida’s manual bookkeeping practices.
Accordingly, we have also dismissed Mr. Leonard Genovese from the
Board of Directors, as his services were directly related to the
development and growth of the Bella Vida acquisition. We are
pleased to announce that his parting was on very positive and
constructive terms, and we are not ruling out the possibility of an
additional opportunity in the future for Mr. Genovese in our
organization.
About Net Savings Link, Inc.
Net Savings Link, Inc. owns and operates a wholly owned
subsidiary, Global Distribution Corporation, a distribution company
that markets and distributes products in varying industries
including the supplement, wellness and natural remedies markets.
People interested in learning more about Global Distribution
should check back with the company at it’s website, www.Globaldistributioncorp.net .
DISCLAIMER: This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. 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,
Shareholder Relations Director
Email: DavidPecoraro@rocketmail.com
Tel : 814-418-6648
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