NSAV Announces Change to Record Date for Shareholder Dividend From Hemp Beer Spin Off
August 27 2017 - 08:53AM
Marketwired
NSAV Announces Change to Record Date for Shareholder Dividend
From Hemp Beer Spin Off
CRESCO, PA-(Marketwired - Aug 27, 2017) - NSAV Holding, Inc.
(OTC PINK: NSAV), announced today that the record date for its
recently declared stock dividend of 20% of its subsidiary, Hemp
Beer Inc. has been changed to September 8, 2017 from the previously
announced date of August 30, 2017. The change assures the dividend
record date is consistent with FINRA notice requirements. The
dividend payment date has been changed to September 22, 2017 from
the previously announced date of September 13, 2017 accordingly.
The ex-dividend date, which was to be tomorrow, August 28, 2017
will now be September 7, 2017. NSAV plans to file the required
notification form with FINRA on Tuesday, August 29, 2017, which is
in compliance with the 10 day notification period.
The Company's transfer agent stated the delay was the result of
NSAV's change of domiciles from Nevada to Colorado and then on to
Delaware, all within a three month period. The change of domiciles
were part of the Company's previously announced holding company
reorganization, which resulted in NSAV Holding, Inc. being
completely debt free. The Company believes it is legally a Delaware
corporation and has complied with all relevant state statutes.
Following the spin-off, Hemp Beer Inc. will become a separate
publicly traded company. NSAV 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 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.
James Tilton, president of NSAV stated, "My sincere apologies to
all NSAV shareholders for the change of the dividend record date.
Spin-off's of this kind are extremely complex, even more so than a
normal dividend. There is a silver lining though. Shareholders and
investors who are on their summer vacation, will have two trading
days, September 5 and 6, 2017, to acquire the Hemp Beer, Inc.
dividend shares after the Labor Day holiday.
Mr. Tilton, went on to state, " Hemp Beer Inc. will be a
separate public company with its own ticker symbol and all NSAV
shareholders will truly reap the benefits."
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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