NSAV Announces a Change in Management
May 26 2015 - 8:39AM
InvestorsHub NewsWire
NSAV
Announces a Change in Management
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 an immediate change in its management, effective
immediately.
“Effective immediately,
NSAV announces the termination of David Pecoraro, and he is no
longer authorized to act, speak, or write in any capacity
whatsoever on behalf of Net Savings Link, Inc., or on any of NSAV’s
wholly owned subsidiaries, including Pyrotree, Inc.”, said NSAV’s
CEO, Steven Baritz. Mr. Baritz continued, “Mr.
Pecoraro’s business philosophy and personal demeanor became
incongruous, insubordinate, and antagonistic with the stated
objectives, team members, and development of NSAV and Pyrotree’s
growth paradigm, and he no longer retained the continued confidence
of any of the directors of Pyrotree.” “It should be noted”,
said Baritz, “that this decision was a collective decision that
took place over several days between all of the Pyrotree Directors
and the CEO of NSAV, and the decision to terminate Mr. Pecoraro was
a unanimous one”.
In a joint statement,
the directors of Pyrotree Inc. ,Christopher Dell’Olio, Hilart
Abrahamian, and Billy Bateman, said, “As a result of an ongoing
disagreement and conflict between Mr. Pecoraro’s personal demeanor
and business ideology with the rest of the executive and management
team of NSAV and Pyrotree, his continued presence created a tenuous
environment that became counterproductive, and he effectively lost
the complete support of the entire management team of Pyrotree, and
can no longer function effectively in his role, or any other role
within NSAV or Pyrotree, Inc.”
Mr. Baritz continued,
“It should be noted that Mr. Pecoraro’s dismissal will not have any
deleterious or adverse effect on any previously released public
announcements of the expected timelines or growth trajectories of
NSAV or Pyrotree, Inc. , or any of Pyrotree’s product lines or
developments, including WebJoint, and Pinjoint, and daily progress
is still ongoing and underway with those product channels, along
with other product channels that are also in development, which
will be announced in subsequent public releases when it is
appropriate to do so. For any shareholder or investor
relations questions or comments, please feel free to contact us at
IR@Pyrotree.com
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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