CRESCO, PA -- April 7, 2017 -- InvestorsHub NewsWire -- Net
Savings Link, Inc. (OTC:
NSAV) announced today that the Company has approved an
additional 1.5 billion reduction of its authorized shares. This
reduction follows a previously announced Company approval of a 2.5
billion authorized share reduction. This brings the total number of
authorized shares that the Company has stated it will reduce to 4.0
billion or 40% of the Companys authorized shares. The management of
NSAV took this action as it believed the Companys previous
board had authorized an unnecessarily large amount of shares. The
current NSAV management is fully committed to a policy of
anti-dilution whenever feasible. The Company is presently preparing
a comprehensive 8-K with regards to this and other material
corporate matters.
Further, NSAV wishes to reassure all of its shareholders that no
substantial dilution of its shares has taken place. The Companys
transfer agent has confirmed this on numerous occasions. All NSAV
shareholders are encouraged to contact the transfer agent to
confirm the amount of issued and outstanding shares.
Further, although the Company's business model is growth by
acquisition, the desire of NSAV is not to dilute its shareholders
when making acquisitions. The Company's vision is to pay for its
acquisitions out of the earnings of the companies it acquires.
NSAV also announced a reiteration of its statement that it not
planning or even considering a reverse split of its shares. The
Companys president continues to standby his belief that in his 22
years in the public markets, he has never seen a reverse split
benefit shareholders.
The Company also announced that its brand new corporate website
is near completion and will be unveiled next week. The management
of NSAV is certain that all of its shareholders will be extremely
pleased when the website is launched.
James Tilton, president of NSAV, stated, "I am truly pleased
that I can finally confirm the long awaited 40% reduction of the
NSAV authorized shares. Once again, I can assure all of our
shareholders that this action will benefit them. Protecting
shareholder rights is the bedrock of the new NSAV.
Mr. Tilton went on to state, "As I Tweeted last night, I am
personally extremely excited about the progress of the new NSAV
corporate website. I am also honored to be involved with such a
great team of developers. When the website is launched, I am
certain that all NSAV shareholders will share in my excitement. In
my opinion, that will finally be the day that the new era of NSAV
has begun.
NSAV's vision is the establishment of a fully integrated
technology company that provides turnkey technological solutions to
the medical cannabis industry, 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 (570-595-2432) or jamestilton@netsavingslinkinc.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/Net-Savings-Link-Inc-768628693317257/
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 Net Savings Link, Inc. to accomplish its
stated plan of business. Net Savings Link, 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 Net
Savings Link, Inc. or any other person.
CONTACT 1 (570-595-2432) or jamestilton@netsavingslinkinc.com
.