NSAV to Spin-Off Cannabis Information Technology Division to Shareholders
August 17 2017 - 09:05AM
Marketwired
NSAV to Spin-Off Cannabis Information Technology Division to
Shareholders
CRESCO, PA-(Marketwired - Aug 17, 2017) - NSAV Holding, Inc.
(OTC: NSAV), today announced that the Company will spin-off its
cannabis information technology division as a stand-alone public
company. In conjunction with the spin-off, NSAV shareholders will
be awarded shares in the proposed public entity based upon their
holdings in NSAV. The new public company plans to offer a wide
range of services to the legal cannabis industry, which include
banking and payment processing solutions, compliance software,
cybersecurity and advisory services. Analysts forecast that the
global medical cannabis market could reach $50 billion by the year
2025, excluding the legal recreational cannabis market. The Company
believes that there is a huge void in the legal cannabis sector in
the areas of technology and software and that this will present a
major opportunity for NSAV. Additional details of the spin-off,
including the record date and dividend ratio will be announced next
week. The Company envisions that the record date will be in the
next two to three weeks.
The NSAV cannabis information technology spin-off is the second
in a planned series of spin-offs of the Company's divisions and
subsidiaries. Last month NSAV announced that it will spin-off its
Hemp Beer Inc. subsidiary to its shareholders. The Company will
spin-off 20% of Hemp Beer Inc. to its shareholders, who will be
awarded with a share dividend based upon their holdings of NSAV on
the August 22, 2017 record date. Shareholders will receive
approximately one share of Hemp Beer Inc. common stock for every 17
shares of NSAV common stock that they hold on the record date. The
dividend will be payable on or around September 5, 2017.
James Tilton, president of NSAV stated, "I have successfully
completed many spin-offs in my 22 year career and strongly believe
that it is the best way forward for the Company. I also feel that
spin-offs are a great way to enhance shareholder value and it will
continue to be a major part of our business model."
NSAV's vision is the establishment of a fully integrated
technology company that provides turnkey technological solutions to
the legal medical cannabis and hemp industries, as well as other
areas of the medical industry. Over time, the Company plans to
provide a wide range of services such as software solutions,
e-commerce, advisory services, financial services, patents and
trademarks and information technology.
For further information please contact NSAV at 1 (480) 326-8577
or tenassociates33@gmail.com
The NSAV corporate email address is info@nsavholdinginc.com
The NSAV corporate website can be accessed at
http://nsavholdinginc.com
The NSAV Twitter account can be accessed at
https://twitter.com/NSAV_MJTechCo
The NSAV Facebook account can be accessed at
https://www.facebook.com/NSAVHolding
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,
which are intended to be covered by the safe harbors created
thereby. Investors are cautioned that, all forward-looking
statements involve risks and uncertainties, including without
limitation, the ability of NSAV Holding, Inc. to accomplish its
stated plan of business. NSAV Holding, Inc. believes that the
assumptions underlying the forward-looking statements contained
herein are reasonable, any of the assumptions could be inaccurate,
and therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the
forward- looking statements included herein, the inclusion of such
information should not be regarded as a representation by NSAV
Holding, Inc. or any other person.
Contact Information
Contact TEN Associates LLC 1 (480) 326-8577
tenassociates33@gmail.com
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